Mon Jun 12, 2006 2:25 AM ET
KUALA LUMPUR, June 12 (Reuters) – Malaysian state oil company Petroliam Nasional Bhd. (Petronas) expects its Gumusut oilfield to come onstream by 2011, Chief Executive Hassan Marican said on Monday, with daily production estimated at 150,000 barrels.
A joint venture of exploration and development arm Petronas Carigali, Royal Dutch Shell
Shell operates the block, off the northwestern coast of the heavily jungled state on the island of Borneo, in which Shell Malaysia and ConocoPhillips each holds 40 percent of the equity, while Petronas Carigali has the rest.
Initial indications were that the Gumusut crude oil was light and of high quality, Shell said at the time.
Petronas is developing new capacities for future production, Hassan told reporters on the sidelines of the Asia Oil and Gas Conference in the Malaysian capital.
“So with the new developments of oil and gas, we should be able to maintain the national production for the future, and also maintain the gas production to meet domestic and LNG demand,” he added.
Another key development effort is focused on the Kikeh field, Malaysia’s first deepwater development, where recoverable reserves have been estimated at 400-700 million barrels.
“Production is scheduled for early fourth quarter next year,” Hassan said. “It is on schedule and production will be around 120,000 barrels per day.”
The Kikeh development is in offshore Block K, and is operated by Murphy Oil Corp.
Petronas is currently pumping 720,000 barrels of oil and condensates each day and produces 5.5 billion cubic feet of natural gas, Hassan added, but gave no comparative figures.
Petronas continues to supply gas to state-controlled power producer Tenaga Nasional Bhd.
“That is still applicable today,” he said when asked if the rate would be increased. The price Tenaga pays is well below market rates, and Petronas had been lobbying for an increase.
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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