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Petronas boosts E&P
Petronas boosts E&P
Malaysia's national oil company Petronas raised its first half exploration and production spend by 9.8% from a year ago to 13.7 billion ringgit ($4.02 billion).
First half production to 30 September, however, declined "due to the implementation of reservoir management plan and flaring reduction efforts.''
Total crude output stood at 725,800 barrels per day (bpd), while gas production was 1 million barrels of oil equivalent per day.
More than a third of its outputs or 275,400 bpd of crude and 367,400 boe per day of gas stem from its overseas assets.
Domestic crude production was 658,100 bpd, with Petronas share standing at 450,400 bpd.
Malaysia produced 939,800 bpd of gas during the first half, with Petronas contributing 632,600 bpd.
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