It seems that brownfield work will be the focus of the next quarter century.
Dateline 2011-03-02:
Malaysian state energy firm Petronas said oil prices would stay above $100 over the next few months as it posted a 74 percent jump in net profit, partly helped by the rising cost of crude.
In the three months ended December, the oil giant made 21.21 billion ringgit ($6.99 billion), compared with 12.19 billion a year earlier, while revenue rose 12 percent to 60.04 billion from 53.44 billion, it said in a statement.
But Malaysia’s biggest company warned it would need to start refurbishing or replacing some of its equipment, with many of its oil and gas producing assets between 19 and 28 years old.
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Wata - Malaysian Oil and Gas Engineer 