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Poolside photos of 59-year-old Christie Brinkley are a Web sensation
KUALA LUMPUR, Malaysia, Feb. 5 (UPI) -- A final investment decision with a consortium of energy companies makes deep-water work in Malaysia a reality, said Shell Malaysia Chairman Iain Lo.
Shell Malaysia announced it made a final investment decision with a subsidiary of ConocoPhillips and state-owned energy company Petronas to development the Malikai oil field in the deep waters of Malaysia.
"Malikai is an exciting oil development in Shell Malaysia's upstream portfolio and will cement Malaysia's position as a regional deepwater hub and center of excellence," Lo said in a statement.
A Shell subsidiary serves as operator of the deep-water field, the third for Malaysia. It's in more than 1,600 feet of water.
Malaysia holds the third largest oil reserves in the region after China and India. The U.S. Energy Department's Energy Information Administration estimates there are 4 billion barrels of proven oil reserves there and most of that is offshore.
Shell said it would require 17 wells to develop the Malikai field.
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| Additional Energy Resources Stories | |
ANKARA, Turkey, June 20 (UPI) --
An oil pipeline planned from the Kurdish region of northern Iraq to Turkey may go to, but not cross, national borders, a Turkish official said.
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SEOUL, June 20 (UPI) --
South Korea will buy Taurus KEPD 350 cruise missiles for its Lockheed/Boeing F-15K Strike Eagle fighters, the first strategic weapon purchase not from an American supplier, Yonhap news agency reported.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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