UOB Kay Hian Research analyst Kong Ho Meng said while there have not been any large tenders awarded by Petroliam Nasional Bhd (Petronas), it expected contracts to be rolled out from next year. In Malaysia, he said, about 11% or about 35 of the over 300 platforms have been operating for over 40 years, and more than 200 wells have already been identified to be plugged and abandoned.
SINGAPORE: Malaysia's Kimanis crude exports are expected to return to normal levels in August with 10 cargoes scheduled to load that month, up from three cargoes in July, trade sources said on Wednesday.
Petroleum Brunei, Shell and ConocoPhillips will be marketing two cargoes each while Pertamina has one cargo.
Petronas is marketing three cargoes, the sources said.
Production of Kimanis crude, Malaysia's key export grade, was expected to fall sharply in July because of maintenance work at the Gumusut-Kakap field. - Reuters
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