Leading the announcement are four Entry Point Projects and developments under the Oil, Gas & Energy National Key Economic Area.
Following through from the announcement of new tax incentives under the Petroleum Income Tax Act (PITA) in November 2010, ExxonMobil Exploration and Production Malaysia Inc., in conjunction with its production sharing contract partner, Petronas Carigali Sdn Bhd, plans to invest over RM10 billion in new oil and gas assets to help ensure reliable and sustainable energy supplies for Malaysia.
“This capital expenditure commitment will be utilised to rejuvenate mature facilities and undertake enhanced oil recovery activities in the Tapis field and the Telok gas development project. Located offshore Peninsular Malaysia, the Telok project is being developed under a gas production sharing contract to provide additional supplies for Malaysia's power and industrial needs and will promote organic growth of the natural gas sector,” said Najib.
Shell Malaysia will be investing RM5.1 billion on upgrading and expanding existing facilities, and building new facilities in upstream, midstream and downstream activities across Malaysia. This includes the expansion of the Shell MDS wax plant in Bintulu, a new diesel processing unit at the Shell Refinery in Port Dickson and the Gumusut deepwater development offshore Sabah.
more info from:http://etp.pemandu.gov.my/
extracted by : http://jauhari-englishhomework.blogspot.com/
Following through from the announcement of new tax incentives under the Petroleum Income Tax Act (PITA) in November 2010, ExxonMobil Exploration and Production Malaysia Inc., in conjunction with its production sharing contract partner, Petronas Carigali Sdn Bhd, plans to invest over RM10 billion in new oil and gas assets to help ensure reliable and sustainable energy supplies for Malaysia.
“This capital expenditure commitment will be utilised to rejuvenate mature facilities and undertake enhanced oil recovery activities in the Tapis field and the Telok gas development project. Located offshore Peninsular Malaysia, the Telok project is being developed under a gas production sharing contract to provide additional supplies for Malaysia's power and industrial needs and will promote organic growth of the natural gas sector,” said Najib.
Shell Malaysia will be investing RM5.1 billion on upgrading and expanding existing facilities, and building new facilities in upstream, midstream and downstream activities across Malaysia. This includes the expansion of the Shell MDS wax plant in Bintulu, a new diesel processing unit at the Shell Refinery in Port Dickson and the Gumusut deepwater development offshore Sabah.
more info from:http://etp.pemandu.gov.my/
extracted by : http://jauhari-englishhomework.blogspot.com/
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