OIL BOOM EXPECTED
Exploration In Malaysia (N.Z.P.A.-Reuter—Copyright) KUALA LUMPUR, April 16. The Shell Company has made significant oil findings near Miri, in Sarawak, in what could be the first signs of a Malaysian oil boom, the Malaysian Minister of Lands and Mines (Abdul Rahman YaAcub) said today. Several other companies, including Japanese and French, are interested in concessions in the area. The Minister was speaking to reporters after a ceremony at which two American oil companies received exploration rights to more than 52.000 square miles of-contin-ental shelf off the east coast of West Malaysia. Mr E. C. Salmon, president of Esso Exploration (Malaysia), announced at the ceremony that his company would make seismic surveys in their concession area next month to begin a multi-million-dollar search for oil. Esso already has similar rights in th-' East Malaysian State of Sabah. Mr A. R. Ratti, vice-presi-dent of Continental Oil, said his company expected to have a survey ship in its adjoining area within 90 days.
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Bibliographic details
Press, Volume CVIII, Issue 31656, 17 April 1968, Page 11
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163OIL BOOM EXPECTED Press, Volume CVIII, Issue 31656, 17 April 1968, Page 11
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