PETALING JAYA: Petroliam Nasional Bhd (Petronas) has commenced oil production from the Banang field - part of the Kapal, Banang and Meranti (KBM) cluster of marginal fields awarded to a consortium of Coastal Energy Co and Petra Energy Bhd
- on July 15, three months ahead of schedule.
The national oil company said in a statement yesterday that Banang was the second field under the KBM risk service contract (RSC) to have achieved first oil after the Kapal field came onstream in December last year.
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