PETALING JAYA: While more exploration drilling rigs in Malaysia will be left idle, ongoing programmes for rigs in the development and production phase will largely continue, which, in turn, will not cause any significant dips in production levels, said oil and gas (O&G) analysts.
StarBiz yesterday reported that only 14 of Petroliam Nasional Bhd’s (Petronas) oil rigs would be in operation by year-end, compared with 39 as at the end of last year amid the current depressed market conditions for the O&G sector.
