PETRONAS fully capable of developing Adnoc job

The six-year agreement marks the first investment by a Malaysian company in an onshore Abu Dhabi concession. — Bloomberg

PETALING JAYA: Petroliam Nasional Bhd (PETRONAS) has the financial muscle, experience and project execution capabilities to successfully develop any hydrocarbon reserves found in Abu Dhabi should the exploration field hold proven and commercially viable reserves.

An executive with an oil major in the country said PETRONAS’ record with development of technically complex and highly risky assets, both conventional and unconventional, in countries like Chad, Canada and Iraq was testament to how far the national oil company had progressed.