Hmm, Nio Petroleum seems to be a new O&G player in Malaysia. Anyone know where their Malaysian office is? And ‘The contractors minimum commitment is US$8 million’? What, are they only going to drill half a well? You can’t by a compressor for that amount of money.
Dateline 2010-05-19: Taken from Reuters:
Malaysian state oil company PETRONAS said today it had awarded two oil exploration blocks offshore Sabah to Sweden’s Lundin and Nio Petroleum.
Blocks SB307 and SB308 measure approximately 6,230 sq km and are located in water depths of up to 70 metres. Both blocks have been explored since 1965, Petronas said in a statement.
Lundin will own 42.5 per cent and operate both blocks, Nio will have 42.5 per cent and PETRONAS Carigali will own 15 per cent.
The contractors minimum commitment is US$8 million, Petronas said.
Wata - Malaysian Oil and Gas Engineer 
you have to get Lundin, as they are the main operator. BTW NIO shareholder is Richard Hall ex Petofac Malaysia Country Manager
salleh: you have to give me an introduction to Lundin.