Rising cost a challenge for O&G industry, says Shell


I would like to be an acceptable part of the rising cost.

Dateline 2013-09-06:

Shell Malaysia, the Malaysian arm of Royal Dutch Shell plc, said costs are escalating to an extent that the profitability of some of its projects could be threatened.

“The projects will be threatened by very high cost. We need help from the Malaysian services industry to be more competitive in terms of their cost,” said Shell Malaysia chairman Ian Loh in Miri yesterday.

Loh was speaking to reporters at the official opening of the company’s Asia Pacific Wells Learning Hub in Miri, Sarawak.

He said the oil and gas (O&G) industry in Malaysia is facing a challenge on costs which requires them to find innovative ways to reduce these costs.

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This entry was posted on Sunday, October 27th, 2013 at 6:00 am and is filed under Malaysian election, 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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