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First cargo lift from Cendor field, Malaysia
Petrofac Ltd.'s Cendor development in block PM304 offshore Malaysia is averaging 12,000 b/d of oil production. First production from Cendor was in September, when five of the expected seven first-phase development wells came onstream. The first cargo lift of 311,000 bbl of oil recently was sold from the field at a price of $2/bbl below Tapis crude, the benchmark for setting crude oil prices in the Asia region.