Exciting future for Malaysia’s oil and gas industry


Dateline 2013-01-17:

TREMENDOUS POTENTIAL- Billions of ringgit going into risk service contracts, more oil discoveries plus billions to spend in capex

THE future looks stimulating for the local oil and gas industry, with billions of ringgit of investments going into risk service contracts (RSCs), more discovery of deepwater reserves, plus tens of billions of ringgit in upstream capital expenditure (capex).

The potential in technologically demanding areas such as enhanced oil recovery, asset integrity, integra-ted operations and deepwater exploration is expected to provide opportunities for local players to develop indigenous technology.

Besides marginal fields development, analysts and industry players see the merger between SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd into SapuraKencana Petroleum Bhd, the liquefied natural gas regasification terminal and the Pengerang Integrated Petroleum Complex, as major highlights of the industry in the year 2012.

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This entry was posted on Thursday, January 24th, 2013 at 6:00 am and is filed under 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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