Bloomberg News

Malaysia Has Significant Untapped Resources, Petronas Chief Says

June 05, 2011

June 6 (Bloomberg) -- Malaysia has a significant amount of resources that remain untapped, Petroliam Nasional Bhd. Chief Executive Officer Shamsul Azhar Abbas said at the Asia Oil and Gas Conference in Kuala Lumpur today. About 1.7 billion barrels of oil equivalent in the nation are yet to be produced, he said. Shamsul also said that more could be done to improve oilfield recovery.

To contact the reporter on this story: Yee Kai Pin in Singapore at kyee13@bloomberg.net

To contact the editor responsible for this story: Jane, Ching Shen Lee at jalee@bloomberg.net


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