September 26, 2014
Thank you, MPRC for actively stimulating Malaysia’s O&G industry. Now, if you can stimulate my income to the level of RM2M tax free… who do I need to ‘seek consultancy services’ from?
Dateline 2014-07-11, the Malay Mail:
Malaysia Petroleum Resources Corp (MPRC) has assisted in generating a total of RM3.49 billion investments in oil and gas (O&G) storage as of 2013.
Another RM3.52 billion investments were attracted in the O&G services, said its president/chief executive officer, Datuk Shahrol Halmi, in the corporation’s inaugural corporate report for 2013.
The report offers an overview of the achievements of the government agency, which was set up in 2011 to make Malaysia the regional O&G services and manufacturing hub.
May 21, 2013
From the Asahi Shimbun, dateline 2013-05-12:
By SYAHRILAZLI MAHAMMAD/ Executive director, Malaysia Petroleum Resources Corp.
With oil consumption in the Asia-Pacific region increasing more than 30 percent since 2000, Malaysia has been bolstering its role as an energy consumer and regional hub for energy trading. In cooperation with Singapore, with its strong financial and IT sectors, Malaysia–a key exporter of oil and gas to Japan–is striving to become a global center of the energy industry.
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Malaysia is a bridge between the markets of Europe and those of China and the rest of Asia. Until now, Malaysia has developed as an oil and gas producer, but economic growth has pushed domestic demand to the point where supply capacity will probably decline in future, not just in Malaysia, but throughout Southeast Asia.
In fiscal 2011, for example, Malaysia was the largest supplier of Liquefied Natural Gas (LNG) to Japan, but it now has started to import LNG from elsewhere. Malaysia is currently building facilities on the Strait of Malacca for the regasification of imported LNG for distribution across the country.
March 27, 2013
Ah, MPRC. Dateline 2013-03-19 from the Star:
The Gumusut-Kakap field, which recorded its first oil production in Nov 2012, is expected to reach a maximum of 25,000 barrels per day (bpd) after ramping up two wells.
Located in offshore Sabah as Malaysia’s second deepwater development, the field’s full development comprises 19 subsea wells, a permanent semi-submersible floating production system with a potential to produce a maximum of 120,000 bpd.
As one of the entry point projects under the Oil & Gas National Key Economic Area, the production is an achievement after a 14-month planning and execution process.
June 8, 2012
Some unofficial photos of the launch of the Industry Consultative Council (ICC) of the Malaysia Petroleum Resource Council (MPRC) on May 22nd, 2012. We look forward to good things.