Petronas to continue aggressive exploration


And they will be exploring using offshore standby vessels?

Dateline 2015-10-13, The Star:

Petroliam Nasional Bhd (Petronas) will continue to undertake aggressive exploration and appraisal activities despite the global low oil price environment.

General Manager, Malaysia Petroleum Management, Mohd Redhani Abdul Rahman said Petronas feels that this is one of the main strategic thrusts that has been working for Malaysia for the past five to 10 years.

“In the last five years, 970 exploration wells were drilled in South-East Asia and about one fifth of them, or 171 wells, were drilled in Malaysian waters.

“The 970 wells drilled have brought in an additional 10 billion barrels of oil equivalent, with Malaysia contributing half of the new addition,” he said at the Asia Petroleum and Geoscience Conference and Exhibition (APGCE) 2015 here yesterday.

 

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