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That year, Petronas introduced the Petronas E01, the country's first commercial prototype engine. The company also signed a total of five new production sharing contracts (PSCs) in 1998 and 1999, and began oil production in the Sirri field in Iran. Petronas entered the new century determined to expand its international efforts.
Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year discontinuation of products or services. Fiscal years are for January 1 to December 31, except where noted. Empty cells indicate that no data for that year has been reported yet.
Year startup Operator Area Type Grade 2P resvs GOR Peak year Peak Discovery Capital inv. Notes Ref. OPEC: Algeria: In Amenas 6/2006 BP/Statoil: LAND Condensate 2007 50 [2] Indonesia: West Seno Ph2 Exp 2006 Chevron: ODW Crude 2007 20 1998 [3] [4] Iran: Rag e Safid-Bangestan exp 2006 Qeshm Crude Light 2.400 150 [5] [6] Kuwait: Minagish Exp (GC 28 ...
An Indian energy company, Oil and Natural Gas Corporation (ONGC), had a contract to increase the capacity of the 40-year-old Port Sudan refinery from 21,000 b/d to 70,000 b/d, while PETRONAS was awarded a $1 billion joint venture with the government to build a second 100,000 b/d refinery in Port Sudan to process the new Dar Blend crude from its ...
It shares intriguing, lesser-known stories from our past, sparking curiosity and offering a fresh perspective on history. A treasure trove of historical tales, this pag 50 Fascinating History ...
The company was jointly owned by Petronas of Malaysia (50%) and Sudapet of Sudan (50%). The initial rate of production was 40,000 bbl/day, expected to rise to 54,000 bbl/day by 2009 and then to decline to 39,000 bbl/day in 2011. [8]
It is also a special year for Kathleen Crookham because she made history 50 years ago by being the first woman named to a principal position in the Merced City School District in 20 years. Her ...
On 8 May 2020, Petronas agreed to pay RM 2 billion in petroleum products sales tax to Sarawak with a condition that the tax will be lowered on a staggered basis in the future. Besides, both parties also agreed that the Petroleum Development Act 1974 is valid with Petronas as the sole regulator of oil and gas industry in Malaysia. [48]