Lundin Remains Bullish on Malaysia Oil and Gas Sector


Dateline 2013-01-29:

Having made several discoveries at fields offshore Peninsular Malaysia and Sabah this year, Lundin Petroleum AB remains bullish on Malaysia’s oil and gas sector.

“We remain very optimistic about the Malaysian oil and gas industry and plan to continue to evaluate new opportunities and grow wherever possible,” Lundin Petroleum head of corporate communications Maria Hamilton told Business Times.

On Lundin Petroleum’s capital expenditure in Malaysia for this year, Hamilton said:

“We plan to immediately commence our activities and will only make a decision on drilling and capital investment once we have sufficient time to fully evaluate the new data.”

Lundin Petroleum recently announced that it had been awarded the licence by Petroliam Nasional Bhd (Petronas) to operate a new block, Block PM319, offshore Peninsular Malaysia.

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This entry was posted on Wednesday, February 6th, 2013 at 6:00 am and is filed under investment, 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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