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Tuesday, February 22, 2011

Petronas See More Oil And Gas In Water Resources

With the increasing oil prices, Malaysia through the sale of oil revenues will also be increase. And recently, Petronas has found 2 more blocks that have the potential to produce oil in Block SK316 and SK306.

These discoveries support Petronas’ strategy to intensify exploration activities in Malaysia and is expected to further enhance exploration potential offshore Sarawak.

In Malaysia there are the National Depletion Policy of limiting production at the 600-700k barrels / day. The aim is that the point of production can be maintained in time for 15-20 years. The United States also is a major oil producer and a major importer as well. In 2009, an average of U.S. issued a 5.268M barrels / day and net imports of not less at 10.5M barrels / day.

Which means, from the reasons given Malaysia has been using more oil than the amount of oil released. Just as "budget deficit" we are now, used by more than ability.

But in terms of history, exploration Petronas is never broken. Always keep doing exploration work throughout the world through multinational companies.

The following are some of the exploration activity of Petronas:
  • In Kelantan, 1 oil block has been successfully explored together with Thailand (Carigali - PTTPI Operating Company).
  • In Kerteh, exploration by Petronas in Block West Ladder Platform has just sail out of the Pasir Gudang & Moss.
  • The first platform in Kerteh Filter A is still the most expensive product & priced in the world than in the 70s until now.
  • While the first Paltform Petronas West Lutong in Miri still have more production from the Petronas was established.
  • This is new in the waters of Malaysia has yet to venture outside, such as Petronas Sudan, Vietnam, Qatar, UAE, Myanmar is known for the high cost of petroleum.
  • If the oil fields in Malaysia will be depleted Petronas will not renew the contract with ExxonMobil for the purpose of exploring for the past 50 years. Petronas will not dare to take over TCOT (Trengganu Crude Oil Terminal) from ExxonMobil, LCOT (Labuan) from Shell, Bayan, D-18, D-35, Block PM-9 (Pulai & Tinggi).
  • Murphy Sarawak Oil has already been explored for more than 10 blocks to be developed.
The issue here can manage treasury "black gold" that held all this time with the best?