From Borneo Post – Possible recovery for oil and gas sector in 2012


What exactly are we recovering from? Gemusut Kakap, hahahahahaha.

Dateline 2011-12-28:

Recovery for the oil and gas (O&G) sector may be in the pipeline next year in view of key potential tie-ups and new marginal oilfields to provide order book replenishment over the next few years.

Elaborating on this, OSK Research Sdn Bhd (OSK Research) in its recent report remarked, “We expect new contract awards, especially for the new marginal oilfields as well as the development of the existing marginal oilfields to start by the second half of 2012 (2H12) and peak well into 2016.

“By 2013, we should see some overlapping of shallow waters, marginal oilfields and deepwater activities, with the kick-starting of the Gemusut Kakap deepwater production.”

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This entry was posted on Tuesday, January 3rd, 2012 at 6:00 am and is filed under business opportunity, 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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