MALAYSIAN OIL PRODUCTION PREDICTED TO RISE

Malaysia's crude oil and condensate production will peak at 670,000 b/d in 1993 from its current level of 590,000 b/d, predicts County NatWest Woodmac, Edinburgh, Scotland. Production will then decline to about 600,000 b/d and, depending on how the government's depletion policy is implemented, could remain at that level until 2000. Exploratory drilling will remain at about 30 wells/year during the next 5 years, says Woodmac's Far East Report.

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