From Reuters – Petronas, oil majors to develop offshore Malaysian gas field


Must have been a slow news desk at Reuters, this is old hat.

Dateline 2011-05-15:

Kebabangan Petroleum Operating Company (KPOC), jointly owned by state oil firm Petronas , ConocoPhillips and Shell (RDSa.L), will develop the Kebabangan (KBB) gas field offshore Malaysia’s Borneo island state of Sabah, KPOC said on Monday.

The final investment decision by three oil firms to develop the KBB gas field comes as the Southeast Asian country seeks to develop its oil resources and stem declining oil and gas production.

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