PETALING JAYA: Petroliam Nasional Bhd (Petronas) has painted a sombre picture of the oil and gas (O&G) industry, stating that the requirement for assets such as rigs would be halved from three years ago.
The report, which was made public for the first time to instil reality into the industry, outlined the requirements from the companies servicing Petronas for the next two years until 2020.
