Malaysian oil blocks to be explored

Australian News.Net
Monday 26th October, 2009

Share this page

Two oil blocks off the coast of Borneo have been awared by the Malaysian state oil firm Petronas to a consortium of Canadian oil firm Talisman Energy and Petronas Carigali.

Talisman will have an interest in 70 percent of the blocks while Petronas Carigali will hold the rest.

The total investment to be commited for exploration of the deeper sections of the two blocks is $192 million.

The blocks are in eastern Sabah state in Borneo.

Share this page

Have your say on this story

Top Stories

Airbus advice awaited on grounded A380 jet, says Qantas
SYDNEY - Australia's flag carrier Qantas Airways Ltd. said Wednesday it has pulled one of its A380 super jumbos out of service after cracks were disco ... [read story]
Mining major BHP Billiton reports dip in profits
MELBOURNE - Global mining major BHP Billiton is planning a rethink on its focus areas for investments including the American shale gas venture, with w ... [read story]
Russia not for any outside interference in Syria
MOSCOW - Russian Prime Minister Vladimir Wednesday condemned the ongoing violence in Syria but cautioned against outside interference "under any circu ... [read story]
Iranian lawmakers summon Ahmadinejad for questioning on policies
TEHRAN - In an unprecedented move, the Iranian parliament has summoned President Mahmoud Ahmadinejad to answer questions before it on the government's ... [read story]
Falklands dispute to be raised in UN, says Argentina
BUENOS AIRES - Simmering tensions over the Falklands Islands came into the open with Argentina saying it will lodge a formal protest with the United ... [read story]