QUOTE(monkeyking @ Feb 25 2011, 04:10 AM)
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hahahahah, again!!
Key winners:
Oil & gas – Oil & gas producers are more willing to open their wallets when oil prices
are high. High oil prices give them more incentive to step up exploration and
production activities, which in turn benefit Malaysian oil & gas companies which are
mostly service providers. The higher oil prices have prompted Petronas to develop
marginal fields, a venture that is not economically viable in a low oil price environment.
Furthermore, recent discoveries in offshore Sarawak and the six deepwater fields
(Gumusut, Kakap, Malikai, Kebabangan, Jangas and Pisangan) that are expected to
come onstream in 2012-13 offer bright prospects for the service providers, both
upstream and downstream.
Feb 25 2011, 09:16 AM

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