Petronas Seeks Norwegian Expertise Offshore Greenland

Petronas, Malaysia's state-owned oil and gas company, is keen to work with its Norwegian counterparts to leverage on their expertise in deepwater and Arctic exploration, the Petronas president said Tuesday.

If successful, the co-operative ties could pave the way for similar mutually beneficial alliances in other frontier areas of exploration, Petronas president and chief executive officer Shamsul Azhar Abbas said here on Tuesday at the Malaysian -- Norwegian Forum of Competence.

Shamsul added that Petronas had acquired six new exploration blocks in Greenland with the aim of strengthening its presence in a frontier area of exploration.

The forum was held in conjunction with Norwegian Crown Prince Haakon's maiden visit to Malaysia. The Crown Princess Mette-Marit, senior Norwegian government officials and a business delegation are accompanying the prince during his visit. Shamsul said he was confident that with the opportunities for dialogue and exchange of knowledge in the forum, Malaysia would continue to see the active involvement of Norwegian companies, particularly in the area of deepwater exploration and production.

Noting that the collaboration between Malaysia and Norway in the field of hydrocarbons was not new, Shamsul hoped that Malaysian and Norwegian companies would continue to organize discussion sessions on the industry in future.

Currently, there are some 60 Norwegian companies operating in Malaysia. Roxar-ASA, PGS, CEBRILL and EMGS are among the Norwegian companies at the forefornt of the development of Malaysia's oil and gas industry.

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