Dateline 2011-07-10:
Malaysia’s state oil firm Petronas wants to lower its reserve replenishment ratio from 2.5 to 1.1, the company’s chief executive said in an interview with The Edge weekly newspaper.
Asked about Petronas’ ratio of 2.5 times, Shamsul Azhar Abbas said it was either because the firm was not developing resources fast enough or was going after the “wrong prospects”.
He said the ideal ratio for Petronas was “one-to one minimum”.
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Wata - Malaysian Oil and Gas Engineer 