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Lecture Note 5-Petroleum Industry Regulations
Lecture Note 5-Petroleum Industry Regulations
KG12303
(2022/2023-1)
DR. NORFAZLIANA BINTI ABDULLAH
fazliana.abdullah@ums.edu.my
Contact No. : 018-2944811
Room No. : 17
CONTENTS OF THIS TEMPLATE
https://www.spe.org/en/industry/history/timeline/
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In 2016, the oilfields already discovered holdover 1.65MMMbbl(1.65 trillion or 1,650,000,000,000bbl of oil).
Although we are using oil quite quickly,the reserves go up every year.This is because more oil is discovered and
new ways are found of extracting oil that couldn't be got out before.
Even so,our oil won't last forever.In 2016,the world uses about 35.44 billion barrels of oil (35,442,913,090 bblof
oil)everyyear. At this rate,thereshould be enough oil for at least another 47 years.
Oil companies are always searching for new oilfields and there are still lots more deep sea areas to explore.
0
Year remaining
3
4
6
World Oil
Consumer
(2020) cont.
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In Malaysia
3
35
6
• Standards–quality concerns
• Codes–safety concerns
NationalCodes
MS830
MS930
MS641
MS642
MS775
MS761
6
Thanks!
ANY QUESTIONS?
47