Dateline 2015-04-2015, The Malaysian Reserve:
The oil, gas and energy (OGE) National Key Economic Areas (NKEAs) has met all its 2014 key performance indicators (KPIs) due to closer collaboration between various stakeholders.
“The clear aim of meeting the year’s KPIs drove relevant agencies to work collaboratively to address and resolve issues within aggressive timeframes,” Economic Transformation Programme (ETP) 2014 annual report said.
Under the OGE NKEAs, the report has outlined key takeaways for 13 entry point projects (EPPs) including rejuvenating existing fields via enhanced oil recovery (EOR), developing marginal fields, intensifying exploration activities, encouraging investments in the oil and gas (O&G) services and attracting multinational companies (MNCs) to set up operations in Malaysia.
Under the EPP 1: Rejuvenating Existing Fields, the KPI achieved for 2014 was 37.9 million stock tank barrel (MMstb) from 15 MMstb targeted in addition resources.