Malaysia beats Indonesia in new oil and gas discovery

March 2, 2013

From Asia One, dateline 2013-02-13:

Malaysia surpassed Indonesia as the key player in the upstream hydrocarbon industry in Southeast Asia last year, as Indonesia struggles to encourage new investments in the sector amid the nation’s dwindling oil production.

Research by the Wood Mackenzie Group showed Indonesia, the former sole Southeast Asia member of the Organisation of the Petroleum Exporting Countries (OPEC), only contributed 14 per cent to the region’s newly discovered oil and gas reserves in 2012.

The Edinburgh-based global energy oil and gas research specialist said that last year, Indonesia discovered 13 million barrels of oil equivalent (boe) of new reserves in 20 new oil and gas fields.

Malaysia, on the other hand, was the “stand-out performer” in Southeast Asia’s upstream sector with estimated discoveries of 1.4 billion boe last year, or 72 per cent of the total discoveries in the region.

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M’sia key player in new oil, gas discovery

February 28, 2013

Man, ASEAN is up Via Merda if Malaysia is the leader.

FMT, Dateline 2013-02-20:

Malaysia is the key player in Southeast Asia’s upstream hydrocarbon sector with estimated discoveries of 1.4 billion BOE (barrels of oil equivalent last year, or 72% of the total discoveries in the region.

At least six new gas fields with combined estimated reserves of 7.3 trillion cubic feet (tcf) discovered in Malaysia were included in the top-10 largest discoveries in Southeast Asia, according to the report.

Malaysia’s state-owned energy company, Petronas Carigali, Swedish oil and gas firm Lundin Petroleum and US-based Murphy Oil were among the most successful players in Malaysia.

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From Bernama – Petronas Crude Oil Discovery To Add 191 Days To Malaysia’s Oil Reserves

February 18, 2011

Dateline 2011-02-16:

Recent crude oil discovery by Petronas will add 191 days to Malaysia’s oil reserve based on its average daily output of 523,000 barrels a day between April and September 2010, said MIDF Research.

The new natural gas discovery will add 498 days to Malaysia’s reserves based on its average daily output of 964,000 barrels oil equivalent (boe) a day between April and September 2010, it added.

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