Saturday, June 13, 2009



Malaysia is blessed with bountiful natural resources to be exploited and to take benefit from. We all should thank Allah for all these blessings.

Malaysia's crude oil output has fallen to 550,000 barrels per day (bpd) this year from 600,000 bpd in 2008, as ageing fields took their toll after years of steady production levels, Petronas' chief said today.

Overall output for both crude oil and condensates fell to 650,000 bpd versus 700,000 bpd last year, Tan Sri Mohd Hassan Marican, Petronas chief executive, told Reuters in an interview. Even 650,000 bpd is a lot of crude for a country the size of Malaysia.

New fields are due on stream in coming years, most notably Shell-operated Gumusut oilfield, expected to come on line in late 2010 and to ramp up output to 150,000 bpd.

Meanwhile Murphy Oil Corp said today it has made two additional discoveries in offshore Malaysia, one of them near its Kikeh field. the first discovery was made at the Siakap North prospect in Block K, offshore Sabah. The Siakap North discovery is 10km from Murphy’s Kikeh field in approximately 4,300 feet of water. The well encountered oil-bearing pay sands of a similar age and quality as Kikeh.

A second discovery was made at the East Patricia prospect in Block SK 309, offshore Sarawak. The well found approximately 230 feet of net natural gas and was drilled in 89 feet of water. East Patricia is 37km from the Bintulu onshore gas receiving facility under construction for the Sarawak natural gas development.

Lepas pengeluaran minyak nanti, rakyat negeri berkenaan bolehlah tagih wang ihsan.