From Upstream Online – PETRONAS gets rights to border field


Does this strengthen Kelantan’s compensation claim?

Dateline 2011-04-25:

PETRONAS said it signed a unitisation agreement with the authority for the Bumi field in Block PM 301 and the Bumi South field in Block A-18 that firms up an earlier agreement inked in 2008.

“The unitisation agreement gives PETRONAS rights to the reserves in the unitised area, which has an estimated ultimate recovery of 1.252 trillion standard cubic feet of gas,” PETRONAS said in a statement.

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This entry was posted on Wednesday, May 4th, 2011 at 6:00 am and is filed under 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.

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