Offshore staff

Petroliam Nasional Bhd (Petronas) expects to produce additional 270,000 b/d oil when Kikeh and Gumusut-1 come onstream by 2007 and 2011, respectively.

"We will continue to conduct exploration activities together with our production sharing contract contractors in the South China Sea, both offshore
Peninsular Malaysia, and Sabah and Sarawak, particularly in the deepwater and ultra deepwater acreage like in Kikeh and Gumusut fields," Tan Sri Mohd Hassan Marican, Petronas' president and CEO, said.

Mohd Hassan said production at Kikeh is expected to start 4Q07, and is projected at 120,000 b/d. Kikeh field, offshore Sabah, is jointly developed by Murphy Oil Corp. and Petronas Carigali Sdn Bhd.

Offshore Sabah, Gumusut deepwater reserves may produce 150,000 b/d by 2011.

6/14/06