Petronas denies oil field find

March 28, 2010

My take: PETRONAS might be coy with this information until the current royalty issues are sorted out. Or maybe they don’t want to be seen as bailing out the nation in the near future. Or maybe Kuli was just plain wrong.

Can anyone donate a copy of ‘The Young Turks of PETRONAS‘? I’ve been meaning to read it, but haven’t been able to get my hands on it yet. Maybe if it gets translated to the Kindle
, and maybe when the Kindle finally gets to our shores…

Taken from The Star, deadline 2010-03-25:

KUALA LUMPUR: Petronas has strongly denied reports that it has made a big discovery of an oil field which is said to be one of the biggest in the world.

“We adopt a well-established reporting process whereby we make progress report to the board and stake holders as well as to the Government.

“There is no way we are hiding any information with regards to the discovery as we have no intention to hide any news,” exploration and production business vice-president Ramlan A Malek told a media briefing yesterday.

He added that an announcement would have already been made if the company had found a big oil field.

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