KUALA LUMPUR, June 8 (Reuters) – Malaysia’s crude oil output has fallen to 550,000 barrels per day (bpd) this year from 600,000 bpd in 2008, as ageing fields took their toll after years of steady production levels, Petronas’ chief said on Monday. Overall output for both crude oil and condensates fell to 650,000 bpd versus 700,000 bpd last year, Mohd Hassan Marican, Petronas Chief Executive, told Reuters in an interview.
You can read the rest of the article here. I wonder how much of the drawdown is based on a conscious decision to let production slide due to lower crude oil prices.
Wata - Malaysian Oil and Gas Engineer 