Petronas sees positive outlook for next three years on oil price recovery, pandemic SOP relaxation


Ah, what about the effect of Malaysia’s shrinking population to pandemic kills? And this is just the NOC? How about paying industry living wages? Seen the pay of your (and mine) cleaning staff lately?

Dateline 2021-12-28, The Edge:

Petroliam Nasional Bhd (Petronas) said on Tuesday (Dec 28) it expects a positive outlook for 2022 to 2024 for the national oil company on a recovery in crude oil prices, as well as relaxation of Covid-19 standard operating procedures (SOPs) and directives besides an increase in plug and abandonment projects for planned retirement of oil and gas wells.

Petronas said the information in its latest activity outlook report, which covers 2022 to 2024, is accounted for when a specific activity begins and not by contract award.

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This entry was posted on Thursday, March 10th, 2022 at 6:05 am and is filed under 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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