Which campus is this? Ok looks to be in Kajang.
Anybody wanna wear a suit for this?
Damn time to polish my CV.

This post has been edited by december88: Feb 9 2011, 12:42 AM

Because these companies have the majority or bid successfully for the block they wanted and even competing with Petronas.
And the fact remains that at this time it is better to spread the risks by not holding a 100% stake for a particular development (read diversification)
In Australia, Japanese companies such as the utilities companies and heavy industry operators which are cash rich usually become a passive JV partner and let the operators (Woodside, Santos and etcs) do the operation and development of the fields.
Some companies do JV for technology/experience transfer, e.g Gippsland Basin between Esso and BHP which was a massive own goal for BHP since they wanted deep water expertise from Esso because at that time they were entering GOM, at the end Esso screwed up big time with the offshore production facilities since they were the operator.
Some company just sell they stake to free up cash for other projects or to interested potential customers as an incentive example CSG to LNG at Curtis Island.
Petronas is unique since it is the local regulator and at the same time an operator of the local o&g industry not too sure about other countries since in other countries which has a state oil company they have a separate regulator e.g Ministry of hydrocarbon.
By law if a commercial discovery is made, Petronas can legally enter the block and have a stake in it even if they have no stake before the discovery was made, same thing in Indonesia for Pertamina where our PSC was based upon.
Anyway PSC fiscal regime is complicated and tedious but we have good geological prospect and thus higher chances of success, meaning companies are willing to come and invest knowing that they will have a lower take if things pan out.