PETALING JAYA: The recent findings of new oil and gas fields by Petroliam Nasional Bhd (Petronas) offshore Sarawak are expected to boost the country's reserves.
Petronas' total average production for oil and gas has been declining for the past two years to 1.63 million barrels of oil equivalent (BOE) per day in the financial year ended March 31, 2010 (FY10) from 1.67 million BOE per day in FY08.
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