Is this true , Petronas has made a huge discovery of Oil field ?

21Mar10

Gua Musang MP Tengku Razaleigh Hamzah

Tengku Razeligh claimed that he was told Petronas has made a “very big discovery of an oil field, probably the biggest in the world ”.

An off shore drilling platform

Is this true ?

Update : March 22 . Meanwhile DAP Parliamentary leader Lim Kit Siang wants the government to disclose full details of an alleged new oilfield discovered by national oil company Petronas.

More details here :

From Malaysiakini.com March 20 2010 .

Gua Musang MP Tengku Razaleigh Hamzah today claimed he was told that the national oil company, Petronas, has made a “very big discovery of an oil field, probably the biggest in the world”.

This discovery, he asserted, meant that Petronas would have a very good future. However, the founding chairman of Petronas declined to go into details.

tengku razaleigh speech 110310 02″I was told… no announcement (was) made (about) a very big discovery of oil. I was told there was a big discovery… which could depress the oil price. I was also told it is the biggest oil field or oil well (not only) in this part of world but also in any part of the world.

“I cannot disclose the (location)… I cannot tell you,” he said when asked repeatedly about the discovery, which he mentioned in his talk titled, ‘Conversations on the Constitution and Oil Royalty – A Constitutional Right?’ organised by the Bar Council today.

He also did not identify who had told him of the developments in Petronas.

Razaleigh had recently spoken against the federal government’s stand that the Kelantan government had no right to demand royalty for the oil extracted from the state’s offshore area.

Razaleigh, a former finance minister, said a large oil find means Petronas had a good future but added, it must be properly managed.

“I hope Petronas will be managed well… no leakages, so that money will come back to the people,” he added..



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