Malaysia's newly found oil field, Kikeh field will increase production output to 120,000 b/d by end of 2008 as compared to only 60000 barrel per day in 2007.
Malaysia's Kikeh field is operated by US' Murphy Oil, will be more than happy to pump out oil especially since oil price now fetching USD140. Kikeh's oil is light sweet grade, with an API of 34.91 and sulfur content of 0.105%, is of very good quality and traded mostly in the Asian market.
The stake is Malaysia Kikeh is held by operator Murphy Oil with 80% interest in Kikeh while Petronas Carigali holds the remaining 20%.
Malaysia's Kikeh field is operated by US' Murphy Oil, will be more than happy to pump out oil especially since oil price now fetching USD140. Kikeh's oil is light sweet grade, with an API of 34.91 and sulfur content of 0.105%, is of very good quality and traded mostly in the Asian market.
The stake is Malaysia Kikeh is held by operator Murphy Oil with 80% interest in Kikeh while Petronas Carigali holds the remaining 20%.
Yeah a new oil field! But why the hell Malaysia gets 20% from total? I mean it's belongs to Malaysia...Seems like the hike won't be stop until a new solution came out rather than the same old resources we been using for decades.
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