An oil field with estimated reserves of 64 million barrels was discovered off north-eastern Malaysia, the government said Wednesday. The field was found offshore about 160 kilometres north-east of Kuantan in the state of Pahang at a depth of 76 metres, the prime minister\'s office said. It was discovered in a joint-venture exploration project by the state oil company, PETRONAS, and Sweden-based Lundin Petroleum AB, the office was quoted as saying by DPA. Crude oil production was slated to begin in the third quarter of 2014 with a projected output of 17,500 to 20,000 barrels per day, it said.
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrelMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor