15th Asia Oil and Gas Conference in Kuala Lumpur (7-8 June 2010)

· US$80/barrel the new normal

· PM acknowledged oil & gas industry’s significant contribution to the country’s economy… cautioned that the country is not necessarily well past the danger zone and the downside risks in the industry should not be downplayed

· In light of the developments at the Gulf, the industry can expect a fundamental shift in policies and regulations in relation to “green energy”. Oil & gas companies now have to anticipate potential environmental criticism by integrating safe and sustainable development initiatives into their strategies

· Pace of investment remains slow and industry cost remains high

Read analyst report from CIMB Research and Maybank IB research