By Chew Lip Song
PETRONAS has refuted allegations that it has shut down its oil rigs due to the sharp drop in world oil prices.
The national oil company said 18 rigs are still in operations in Malaysia. Only rigs which had concluded their drilling campaigns or are under temporary suspensions due to the Movement Control Order (MCO) has suspended operations, it said in a statement.
“Petronas also wishes to clarify that there was temporary suspension of projects at some worksites due to the MCO implemented by the Government. Currently, most of these projects have either resumed their work activities or will be resuming soon upon securing the necessary approval from the Government,” the statement added.
It added that the company expects that some projects will be delayed due to the prolonged lockdowns implemented globally and the MCO in Malaysia, and further disruptions anticipated to the global supply chain.
Earlier, a national daily had alleged that Petronas would be cutting the number of active rigs in the country from 18 to four due to the sharp drop in world oil prices.