21 Apr '11, 11am

Petronas granted rights to gas fields under Malaysia-Thailand Joint Authority

KUALA LUMPUR, April 21 (Reuters) - Petronas said on Thursday it has signed a deal that gives the state oil firm rights to a gas field under the Malaysia-Thailand Joint Authority that will help boost Malaysian supplies. Petronas said it signed a unitisation agreement with the authority for the Bumi field in Block PM 301 and the Bumi South field in Block A-18 that firms up an earlier agreement inked in 2008. "The unitisation agreement gives Petronas rights to the reserves in the unitised area, which has an estimated ultimate recovery of 1.252 trillion standard cubic feet of gas," Petronas said in a statement. "The agreement augurs well with Petronas efforts towards ensuring...the security of national gas production and supply," the firm added. The Malaysia-Thailand Joint Development Area covers 7,250 square kilometres in Gulf of Thailand . It was created to help both countri...

Full article: http://sg.news.yahoo.com/petronas-says-gets-rights-malays...

Tweets

UN heads for rights confrontation with Sri Lanka: UNITED NATIONS: The United Nations hurtled toward a high-profi...

UN heads for rights confrontation with Sri Lank...

channelnewsasia.com 22 Apr '11, 2am

UNITED NATIONS: The United Nations hurtled toward a high-profile confrontation with the Sri Lankan government Friday over ...

Environmental study for Malaysia rare earths pl...

channelnewsasia.com 22 Apr '11, 7am

KUALA LUMPUR: Malaysia said Friday it would ask an independent panel to assess the environmental impact of a planned refin...