Petronas Carigali sets up new subsidiary to focus on small, marginal fields


Dateline 2013-07-01, Platts:

Petronas Carigali, the upstream arm of Malaysia’s state-owned Petronas, has set up a subsidiary, Vestigo Petroleum, to focus on the development of small, marginal and mature fields in Malaysia and overseas, Petronas said Monday.

Vestigo aims to optimize production from clusters of small, marginal and mature fields through operational, technical and cost effective methods while its parent Petronas Carigali will continue to explore and develop larger and more technically complex fields, the company said in a statement.

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