ID :
177119
Thu, 04/21/2011 - 16:20
Auther :
Shortlink :
https://oananews.org//node/177119
The shortlink copeid
PETRONAS SIGNS UNITISATION AGREEMENT WITH MALAYSIA-THAILAND JOINT AUTHORITY
KUALA LUMPUR, April 21 (Bernama) -- Petroliam Nasional Bhd (Petronas) has
signed a unitisation agreement with the Malaysia-Thailand Joint Authority for
the gas field straddling in the northeast coast of Peninsular Malaysia and the
Malaysia-Thailand joint development area.
The agreement firmed up the Heads of Agreement signed between the two
parties in January 2008, Petronas said in a statement Thursday.
The unitisation agreement gave Petronas rights to the reserves in the
unitised area, which has an estimated ultimate recovery of 1.252 trillion
standard cubic feet of gas.
It augurs well with Petronas' effort towards ensuring the sustainability and
security of national gas production and supply.