idss 51%

from QR Q2 2019

North Sabah: St Joseph Infill Drilling

PETRONAS had on 21 December 2018 approved the St Joseph Infill Drilling Field project Development Plan intended to increase production and reserves of the St Joseph field. The total capital expenditure of RM142.6 million will be shared equally with our joint venture partner. This project entails the drilling of 3 infill producers utilizing a triple splitter wellhead on the St Joseph Jacket-A
(“SJJT-A”) platform with minimal topside facilities modifications. These modifications include flowlines,wellhead control panel modifications and modifications to the chemical pump system and chokes.Drilling is targeted to commence in April 2019 with oil production expected to commence in June 2019.
The project is expected to add approximately 2,600 bbl per day at its peak with an expected life of field (“LoF”) reserve of 2.77 MMstb.

1dss 53%

Brent 68.02

idss 52%

Apa lah price to collapse 2% 18m only today idss 14.6m this one is the big problem never ending story

dayang idss 5%
hibicus idss 51% wtf

the acquisition comes with a profit warranty of US$1.5 million profit after tax from Sandz for the financial year ending Dec 31, 2019.(1.5 x 4 = 6m )