From the Star – Petronas keen on home oil fields


So, does this article explain why PETRONAS now has EVPs, similar to ExxonMobil, and how we, er they are scrambling to prevent Malaysia from becoming a net crude import nation? Oh, and how their new President is making his mark and leaving his legacy?

Take from the Star, dateline 2010-06-05:

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) will search for more oil and gas reserves in Malaysia at the expense of overseas exploration and has changed its management structure to have its executive vice-presidents in charge of key operations to shoulder more responsibility.

Domestic oil exploration would see PETRONAS drill deeper for oil and gas on the shallow waters of Malaysia but the company is also looking to increase the amount of oil it pumps out from existing wells in Malaysia.

PETRONAS will also be pouring more management time on its oil and gas business and would be looking to scale back and divest operations which it considers non-core to the crux of PETRONAS.

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You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

This entry was posted on Tuesday, June 8th, 2010 at 6:00 am and is filed under engineering, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to From the Star – Petronas keen on home oil fields

  1. jai says:
    June 8, 2010 at 8:11 pm

    hi wata,

    is it possible for you to put my blog link in your blogroll ? actually i tried to convey this thru email but didn’t see any in your blog.

    Cathodic Protection

    Cathodic Protection

    thanks

    Reply

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