Dateline 2022-04-14, Upstream Online:
Into its second century, Malaysia might be perceived as a mature hydrocarbon province, but the nation still has little trouble attracting fresh upstream investment, which Petronas senior vice president of Malaysia Petroleum Management (MPM), Mohamed Firouz Asnan, attributes to the continuous commercial innovation to develop production sharing contract (PSC) models for the various asset types or opportunities.
“This incentivises investors to come to invest in Malaysia to participate in the continued development of hydrocarbon resources in the country ever since the first production in the town of Miri in 1910,” Firouz says.
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Wata - Malaysian Oil and Gas Engineer 