Malaysia starts pumping oil at Gumusut field


Dateline 2012-09-12:

Malaysia has started pumping oil from the Gumusut deepwater oilfield offshore Sabah, with an initial output of 10,000 barrels per day (bpd), sources familiar with the matter said on Wednesday.

Gumusut, operated by Royal Dutch Shell and discovered in March 2004, is expected help Malaysia reverse its declining output and boost the country’s oil revenue, but its start up has been dogged by construction delays.

Crude output at Gumusut, located off the eastern state of Sabah in Block J, is expected to reach 25,000 bpd by the end of this year, said the sources, who declined to be identified due to company policy on speaking to the media.

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