Diving 2018-03 Pulau Weh 5 of 7
June 13, 2018
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Diving 2018-03 Pulau Weh 4 of 7
June 6, 2018
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Body of missing Ocean Geos crew found by rescuers
June 4, 2018Dateline 2018-04-18, NST:
The body of the Ocean Geos crew, reported missing when a fire broke out on the oil and gas drilling vessel, has been found.
The remains of Mohamad Saiful Ashnar, 31, were found inside the body of the ship about 1.30pm after the rescue team made the decision to search inside the vessel this morning.
Miri Malaysian Maritime Enforcement Agency (MMEA) director Captain Md Fauzi Othman said the body was found by four Miri Zone Fire and Rescue Department personnel.
“The victim’s body was then taken to the Labuan Marina Jetty before being handed over to the police for further action,” he said when contacted, here on Wednesday.
He said MMEA had sought the help of firefighters as they had experience handling such cases, including the risk of poisonous gas leakage.
“This is part of the rescue team’s efforts in locating the crew,” he said.
In the incident that took place around 3am on Tuesday, the Ocean Geos was conducting geotechnical work in the area during the incident.
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Sapura Energy finally gets go-ahead for Sarawak gas fields
June 3, 2018Dateline 2018-04-12, The Edge:
The long-awaited go-ahead for the development of three gas fields off Sarawak provided a huge boost to flagging Sapura Energy Bhd, with its market capitalisation boosted by more than half a billion ringgit as its share price rallied sharply yesterday.
Sapura Energy logged its largest single-day price gain since its listing six years ago to finish a fifth higher to 64.5 sen after it announced it was proceeding with the development of the Gorek, Larak and Bakong gas fields off Sarawak under phase one of the SK408 production sharing contract (PSC).
The PSC follows a final investment decision (FID) made after the fields development plan received Petroliam Nasional Bhd’s approval. Concurrently, the key terms of the gas sales agreement for the gas fields’ development have been agreed upon.
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Saudi Aramco finalizes refinery deal with Malaysia’s Petronas
June 2, 2018Only now?
Dateline 2018-03-28, Reuters:
Saudi Aramco [IPO-ARMO.SE] finalised a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad (Petronas) to invest in a refinery project off Malaysia.
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Hibiscus Petroleum Completes Acquisition of North Sabah PSC from Shell
June 1, 2018Dateline 2018-04-01, 360 Feed Wire:
Hibiscus Petroleum Bhd (HIBISCS; MYX: 5199) is pleased to announce that its indirect wholly owned subsidiary SEA Hibiscus Sdn Bhd (SEA Hibiscus) has completed its acquisition of a 50% participating interest in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract (North Sabah PSC or PSC) and the joint operating agreement (JOA) in relation to the PSC.
To recap, SEA Hibiscus had, on 12 October 2016, entered into a conditional sale and purchase agreement (SPA) with Sabah Shell Petroleum Company Limited and Shell Sabah Selatan Sdn Bhd (collectively Shell) to acquire Shell’s participating interests in the PSC between Petroliam Nasional Berhad (PETRONAS), Shell and PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), and the JOA between Shell and PETRONAS Carigali for the total purchase consideration of US$25 million.
The North Sabah PSC includes 20 offshore platforms across four producing fields located in the South China Sea, off the west coast of Sabah, and the Labuan Crude Oil Terminal located in the Labuan Federal Territory, in Malaysia. The fields have been producing since 1979 and the PSC provides the Group with operatorship and production rights up to 2040.
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IEM Shout Out – 2018-06 Talk on “Managing Onshore Process Plant Piping: Care Enough?”
May 31, 2018My technical division will be hosting a talk on the 9th June 2018. It is worth XX CPD points, and held at Wisma IEM. The talk will be presented by Ir. Lee Chang Quan.
Onshore process plants are normally designed with a certain design life. Inspection and maintenance program is carried out along the operating years as part of asset care so as to ensure the asset integrity and safe operation. Towards the end of initial design life, a business decision would be made either to decommission or continue operating. In order to continue operating safely, one approach is to extend plant life with plant rejuvenation that involves major repair, equipment replacement, system upgrade. Piping rejuvenation work is one of the critical activities throughout the process plant rejuvenation due to its volume and resources required to get the work done safely. The work requires detail planning and execution not only to work safely within a live operating plant condition, but also to minimize the shutdown duration for plant shutdown activity. This talk will provide an overview in managing the piping integrity as part of asset care program. Rejuvenation scope of a process plant piping, starting from early planning, asset life study, engineering design, procurement, installation and construction will be addressed. The key challenges and lesson learnt in managing the piping integrity will be shared.
Ir. Lee Chang Quan started his career as a mechanical engineer with a design engineering firm, and moved on to join a national oil company. His experience in the oil and gas industry include engineering, procurement, installation and construction activities in plant modification and rejuvenation projects. He has led a few feasibility studies, engineering management work and managing brownfield projects. Later, he moved on to undertake operational excellence and improvement roles at business level. He has taken managerial role in Health, Safety and Environment, formulating HSE strategies and implementation plan. He is a trained internal auditor, involving in Tier 1, 2, 3 HSE Assurance Programs. He has been invited to deliver adjunct lectures / technical talks to several higher institutions in Malaysia. He has recently moved to take up Asset Integrity Manager position in one of Oil Company’s business unit.
Ir. Lee Chang Quan graduated from University Teknologi Malaysia with a Bachelor Degree in Mechanical Engineering. He has a Master Degree in Business Administration from University of Nottingham. He is a certified Project Management Professional (PMP®) and a Certified Solutions Focused Coach (CSFC). He is also serving the Oil, Gas and Mining Technical Division of IEM.
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Diving 2018-03 Pulau Weh 3 of 7
May 30, 2018
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O&G risks arise from East Malaysian moves
May 28, 2018Dateline 2018-03-27, Borneo Post:
There is a possibility of lower Petronas equity stakes in East Malaysian production sharing contracts (PSCs).
AmInvestment Bank Bhd (AmInvestment Bank) yesterday said that as the aim of these new regulatory regime is to ensure a higher share of the state’s hydrocarbon revenues to be deployed to Sarawak, there was a possibility that the state may assume half of Petronas’ equity share in the production sharing contracts (PSC) in the state, besides novating the federal government’s royalty of five per cent.
“As Sabah may follow suit, these new considerations which will entail another bureaucratic layer of approvals may weigh down Petronas’ final investment decisions in East Malaysia – notwithstanding closely-guarded negotiations currently between these concerned parties,” it forewarned in a report following the Offshore Technology Conference Asia (OTCA) held last week.
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Ministry says no plans yet to review fuel commission rate
May 27, 2018I guess this go derailed, huh?
Deadline 2018-03-01, Malay Mail:
The Ministry of Domestic Trade, Cooperatives and Consumerism has no plans yet to review the fuel commission rate for petrol station operators and will wait until after the 14th General Election to decide on the matter, says its minister Datuk Seri Hamzah Zainudin.
“The current system is well received by the public and we do not intend to make any changes now.
“I have received the memorandum from the Bumiputera Petrol Dealers Association (Bumipeda) have met up with them,” he told reporters after attending a feast at Kampung Tapah, Selama near here today.
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Wata - Malaysian Oil and Gas Engineer 