Marine Link
Tuesday, September 27, 2016

Petronas Finds Oil Offshore

July 21, 2000

Malaysia's state-oil firm Petronas has discovered oil in the Samarang-Asam Paya production sharing contract (PSC) area offshore eastern Sabah state. Tests carried out on the Alab-1 well flowed oil at a rate of 4,700 bpd. "The discovery is currently being evaluated and further exploration activities, including new seismic data acquisition and appraisal drillings are planned," Petronas said. It said that due to its proximity to the facilities of the Samarang oil fields, Petronas is targeting an early commencement of the development and production of the new field.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News