According
to
Malaysia’s
RHB
Research
Institute,
this
capital
expenditure
was
expected
to
curb
the
decline
in
oil
and
gas
production
and
strengthen
the
industry.
Exploration
and
production
activities
would
continue
and
be
viable,
based
on
the
current
oil
prices,
RHB
was
quoted
as
stating
by
local
newspaper
The
Star.
The
newspaper
said
Petronas’
strategy
included
enhancing
oil
recovery
at
existing
oilfields,
developing
marginal
oilfields
and
adding
to
its
resource
base.
Another
research
institute,
OSK,
said
Petronas
was
targeting
long-term
sustainable
growth
by
boosting
its
exploration
and
production
acitivites,
in
spite
of
crude
output
dropping…
