skip to main content

Title: Malaysia: World Oil Report 1991

This paper reports that the Malaysian government announced tax incentives for fiscal year 1991/92 by cutting export duties on crude oil to encourage companies to develop more oil fields. The export duty exemption on cost recovery oil was increased from the current 20% to 50% on April 1, 1991. Nearly 115,200 sq mi of shallow-water acreage off Malaysia has been awarded to PS contractors, leaving only about five blocks remaining. Therefore, Petronas plans to award deeper water blocks (water depths of 655 ft or more) in the second half of this year, once terms are finalized. It is understood that these areas will be offshore of Sarawak and Sabah, covering in excess of 38,000 sq mi. Petronas the that there would be some improvement in the PSC terms for the deep-water areas.
Authors:
 [1]
  1. (AFKA Co., PTE Ltd. (SG))
Publication Date:
OSTI Identifier:
5799789
Resource Type:
Journal Article
Resource Relation:
Journal Name: World Oil; (United States); Journal Volume: 212:8
Country of Publication:
United States
Language:
English
Subject:
02 PETROLEUM; 29 ENERGY PLANNING, POLICY AND ECONOMY; EXPLORATORY WELLS; PLANNING; MALAYSIA; OIL FIELDS; PETROLEUM INDUSTRY; EXPORTS; TAX LAWS; CONTRACTORS; FINANCIAL INCENTIVES; INVESTMENT; OFFSHORE DRILLING; RESOURCE DEVELOPMENT; VISCOSITY; ASIA; DEVELOPING COUNTRIES; DRILLING; GEOLOGIC DEPOSITS; INDUSTRY; LAWS; MINERAL RESOURCES; PETROLEUM DEPOSITS; RESOURCES; TRADE; WELLS 020200* -- Petroleum-- Reserves, Geology, & Exploration; 294002 -- Energy Planning & Policy-- Petroleum; 020700 -- Petroleum-- Economics, Industrial, & Business Aspects