QUOTE(rivost @ May 2 2014, 01:53 PM)
didn't quite bother to measure the meters when looking at the map.
you referring to this?
let's hope they found a good reserve there
but even so petronas will share some profit ratio as agreed in 2009.
in addition, some of their problem is internal. brunei increasingly demand a lot of terms from shell, such as local employment quota, even though the locals are rather inefficient. they have also setup a national oil company (http://www.pb.com.bn/) and start making things harder and harder for shell. so don't expect shell to make any further big investment. it may drag on for even decades.
L and M are not developed yet.
LBD is certainly a core concern but Shell still has enough motivation to stick around. The margins are good.
Without revealing too much, PB is nothing lah.
QUOTE(Toyoi @ May 2 2014, 01:54 PM)
he he he...no wonder dr mamak last time so damn angry pak lah surrender some oil blocks to brunei...looks like that's the block issit??
yup Those are the two blocks.