Malaysia and Indonesia may head towards dispute over oil claims
Malaysia and Indonesia appear headed towards a territorial dispute, with their national oil companies laying claim to potentially rich offshore oil-and-gas blocks off Borneo island.
Malaysia has said it was ready to contest any overlapping claim to the area. Petronas, Malaysia’s national oil company, said that it “was in advance stages of awarding the ultra-deepwater blocks… which are within the Malaysian territorial boundary”.
October 1, 2004