Wonder where the 26% number comes from.
Dateline 2011-07-22:
There is much anticipation awaiting in the oil and gas (O&G) services sector as further consolidation is expected to be announced in the second half of 2011 (2H11).
On the back of Petroliam Nasional Bhd’s (Petronas) move into ‘umbrella’ and ‘turnkey’ contracts, the increased scope of work that would require expertise from the entire exploration and production chain would motivate more consolidation within the smaller players, noted UOB Kay Hian (Malaysia) Holdings Sdn Bhd (UOB Kay Hian) in a recent note.
To recap, only 26 per cent of the total Malaysia’s national O&G reserves had been extracted. At present, developing and producing more oil fields remains Petronas’s top priority.
…
Wata - Malaysian Oil and Gas Engineer 
really?Only 26 percent extracted..just when i tot the dwindling production means a graveyard for the country’s O&G sector. I’m jumping to the platform right now. Geez.., where is my ‘cable’?
berminat nak keje balik dalam bidang oil & gas.dl dekat 4 tahun kat paka terengganu.1tahun kat kl.skang dah 7 bulan makan anggur.cari keje tak dapat2.ade lubang kosong yg boleh tak?hehe
nazri: what exactly did you do in paka? kelang? O&G is probably not the largest employer of local talent.