Dateline 2014-04-01, The Sun:
Petroliam Nasional Bhd (Petronas), which drilled 160 wells between 2009 and 2013, is expected to maintain its exploration efforts at a steady pace with brownfield and new developments to command a greater share of future oil production.
Public Investment Bank said Petronas is positive on the oil and gas industry going forward as Malaysia continues to attract investments and interest from new players.
To date, 101 production sharing contracts and five risk sharing contracts have been awarded, supported by a rise in upstream expenditures by a compounded annual growth rate about 37%.
It said Petronas, as a national oil company, is challenged to deploy its capital and resources efficiently to compete globally amid rising costs, compressed margins and higher country risk and barriers.
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Wata - Malaysian Oil and Gas Engineer 