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RIYADH: Oil prices jumped nearly 3 percent on Monday, as the Organization of the Petroleum Exporting Countries, known as OPEC+, considers cutting output by more than 1 million barrels a day in what would be its biggest reduction since the pandemic. Brent crude futures rebounded $2.44, or 2.87 percent, to $87.58 a barrel by 10.13 a.m Saudi time, after settling down 0.6 percent ....
KUALA LUMPUR (Feb 16): Petroliam Nasional Bhd (Petronas) has confirmed its first gas production from the Rotan and Buluh fields in Block H, off the coast of Sabah, on Feb 6. Block H is operated by PTTEP Sabah Oil Ltd, a subsidiary of PTT Exploration and Production Public Company Ltd (PTTEP), in partnership with PT Pertamina Malaysia Eksplorasi Produksi and Petronas Carigali Sdn Bhd, a Petronas subsidiary. In a statement today, Petronas said the gas production came from a water depth of more than 1,100 metres and marks another significant milestone in Malaysia’s upstream sector, as it is the first deepwater gas field with a target production capacity of 270 million standard cubic feet per day. ....
First Deep Water Gas Production From Block H Offshore Malaysia Augments Malaysia s Investment Potential édité le 16/02/2021 - Plus de news de Petronas - Voir la fiche entreprise de Petronas PETRONAS confirms first gas production from the Rotan and Buluh fields in Block H, off the coast of Sabah, offshore Malaysia, on 6 February 2021, augmenting Malaysias petroleum investment potential. PTTEP Sabah Oil Limited, a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP) is the operator for Block H, partnering with PT Pertamina Malaysia Eksplorasi Produksi and PETRONAS Carigali Sdn Bhd, a subsidiary of PETRONAS. Producing from a water depth of more than 1,100 metres, this project marks another significant milestone in Malaysias upstream sector as it is the first deepwater gas field with a target production capacity of 270 million standard cubic feet per day (MMSCFD). The gas is received by PETRONAS second Floating Liquefied Natural Gas ....