Wah, maaf, maunya tadi imil japri...
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06/15/04 08:07 AM Subject: Re: [iagi-net-l] My
--> More PSCs likely for ultra-deep oil
Please respond to search
iagi-net
Vick, Kamis-Jum'at 1-2 Juli, kamu gentayangannya mau dimana?
"Rovicky Dwi
Putrohari" To: [EMAIL PROTECTED]
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mail.com> Subject: [iagi-net-l] My -->
More PSCs likely for ultra-deep oil
search
06/15/04 07:22
AM
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to iagi-net
More PSCs likely for ultra-deep oil search
BY SIDEK KAMISO
MALAYSIA is expected to issue more production sharing contracts (PSCs) for
ultra-deepwater blocks off the eastern coast of Sabah soon.
"Ultra-deepwater exploration has generated a lot of interest among global
companies, and Petronas is looking at inviting multinationals to start
exploration in this area," Petroliam Nasional Bhd (Petronas) president Tan
Sri Hassan Marican said.
The national oil corporation was in the process of dividing each block into
several concessions, he added. Ultra-deepwater refers to exploration in
water depths of over 1,000m.
Hassan was speaking at a press conference on the sidelines of the 9th Oil
and Gas Conference in Kuala Lumpur yesterday.
It is understood that Malaysia currently produces 700,000 barrels of crude
oil a day and is expected to boost production to at least 800,000 in in the
next few years.
Hassan said most of the oil wells located in waters less than 1,000m in
depth had been contracted out under several PSCs signed earlier. "The new
contracts may require companies to explore in areas with water depth of at
least 2,000m," he added.
He said Malaysian companies would also be invited to participate in the new
initiatives.
Meanwhile, he said Malaysia was not keen to set up its own stockpile of
crude oil or join any group for such a purpose despite concerns over
depleting oil reserves in the region,
Malaysia was a producer country and its oil reserves were in its oil
reservoirs, he said.
He said as Malaysia was a net exporter of oil, it could use the margin
available to draw the reserves from its production facilities.
In addition, the high cost of setting up a stockpile infrastructure would
be
a major factor to consider.
Hassan was asked to comment on remarks by ChevronTexaco chief executive
David J. O'Reilly, who indicated that Asia could face a shortage of energy
if the region did not collectively address the problem now.
O'Reilly said Asian nations should put more effort into addressing the
increased demand for energy in the region in view of the fast pace of
economic growth over the last few years.
"Something should be done to avoid the bottleneck," he said in his industry
keynote address to the conference.
Elaborating on Malaysia's energy plan, Hassan said the country was a member
of the Asean Council of Petroleum (Ascope), which had the mandate to help
members facing an energy crisis.
Ascope had recently discussed the issue in Manila and decided to make
further studies in view of the high cost of developing infrastructure to
stock pile crude oil. The money could be better spent on other areas of the
economy, such as education, Hassan said.
====
Btw, aku rencana ke JKT tgl 1-2 July mendatang.
Adakah yg tertarik seandainya saya ajak ngobrol soal "Lika-liku bekerja
dibidang oil bussines Malaysia, Brunei: Potensi dan Tantangannya ?"
Let me know ya ?
RDP
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