Tuesday February 11 11:19 AM EDT
NEMDACO/GULFPAC J.V. Gets Second Oil Development License and
Permit from the Malaysian Government
LOS ANGELES, Feb. 11 /PRNewswire/ -- Nemdaco Inc today announced that NEMDACO ENERGY
RESOURCES/GULFPAC-SKKPJ (TANAH MERAH) DEVELOPMENT SDN BHD joint venture has received a license
from the Malaysian Government to build and operate a 120,000 bd oil refinery in Malaysia. Previously NER
GULFPAC/SKKPJ had received a permit for an exclusive oil field exploration and development prospect in Malaysia.
Tom Bowers, NEMDACO ENERGY RESOURCES/GULFPAC'S Chairman, said that the Government of Malaysia is
actively encouraging the Joint Venture participation of foreign companies with Malaysian Nationals in keeping with Malaysian
Vision 2020 policy.
Paul C. McCann, the Company's President and COO, was pleased to state that the Company has appointed Mr. Allen G.
Hatley as Director of Exploration and Development for all East Asian projects. His responsibilities include contract operations
and oil field data management. Mr. Hatley is a forty year veteran of oil exploration and development projects in Southeast Asia,
Middle East, Africa and Latin America. Before joining Gulfpac, Mr. Hatley was a private Consultant and Advisor to the oil
industry, the Director for Asia for Cities Service Oil Corporation. Managing the Company affairs in the Philippines, Singapore
and Indonesia. He has had a distinguished career with numerous oil companies and is the author of several books and articles
regarding oil exploration and development. SOURCE Nemdaco, Inc. |
