Brunei Gets Two Blocks
Dear Reader, My sincere apologies for not updating this blog recently. Thank you for dropping by to read. Introduction: The Two Blocks Recently, ex-premier Tun Dr Mahathir in his blog, Che Det , raised the issue of why nobody raised eyebrows when two oil-rich blocks in Sarawak became part of the state of Brunei. The two offshore blocks, named Block L and Block M, have been claimed by Malaysia based on historical facts. The ex-premier described the two blocks as containing reserves of nearly "almost 1 billion barrels" and remarked that Malaysia stood to lose "at least USD100 billion (about RM320 billion)". (Ref: Tun Dr Mahathir's blog, 12th April 2010. Malaysia's Generosity .) Tun Dr Mahathir had referred to three articles in his piece, namely: The Edge, 22nd April 2010. Murphy Oil says Petronas terminates PSC for 2 blocks. Quote: "... following the execution of the exchange of letters between Malaysia and Brunei on March 16, 2009, the offshor...