Petronas targets niche market

Written by  John McKay
Tuesday, 02 July 2013
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July 2 (LNGJ) - LNG producer Petronas has incorporated a new wholly-owned subsidiary, Vestigo Petroleum, to focus on development and production activities from stranded natural gas and mature fields in Malaysia and abroad. "One of the strategic objectives of Vestigo is to build niche technical and executional capabilities in the development & production of small and marginal fields, offering new sources of growth for Petronas as we unlock strategic hydrocarbon assets," the company said.

Last modified on Tuesday, 02 July 2013 05:37
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