PETRONAS May Begin Ethiopian Gas Exports in 2015

July 10, 2010

Yo, PETRONAS staff who volunteer to go to dangerous places like Iraq because the pay is higher. Well, if you’re reading this, get ready for a windfall in 2015.

Taken from Bloomberg, dateline 2010-07-02:

July 2 (Bloomberg) — Petroliam Nasional Bhd., Malaysia’s state-owned oil company, may begin exporting natural gas from Ethiopia in five years, when production starts at a plant it is building in the country, a Mines Ministry official said.

Fields being developed by Petronas in Ethiopia contain as much as 4 trillion cubic feet of gas, Eshetu Chala, senior economist at the Addis Ababa-based ministry, said in an interview yesterday in Kampala, Uganda. Annual production figures have yet to be determined, he said.

…

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Chee Meng – Halal Status

July 3, 2010

A concerned reader on my blog said that Chee Meng has recently been investigated by JAIS for misusing a halal logo.

Since I know the boss, I decided to ask him point blank if it was his shop that was investigated.

Short answer: no.

Those of you  familiar with Jln Bukit Bintang know that there are more than 2 chicken rice shops. Chee Meng is here, the shop that was raided is here.

And if you care to walk pass the shops, drop by at the one that still displays the halal logo.

JFE: I suggest you personally verify your facts (and check with me) before messin’ with me’ favourite “chicken rice and more” shop.

What has all this got to do with oil & gas? Me and my associates eat at that shop. ‘Nuf said.

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Job Opportunity: MECIP

May 30, 2010

MECIP intends to recruit a C&S engineer to compliment her existing workforce.

Sr C&S Engineer

  • Degree in Civil and Structural Engineering or equivalent,
  • Minimum 5 years of design experience, preferably in Oil and Gas Industry.
  • Good interpersonal and communication skills
  • Ability to coordinate, organize and implement site activities.

Junior C&S Engineer

  • Candidate must possess at least a Bachelor’s Degree, Professional Degree, Master’s Degree, Engineering (Civil) or equivalent
  • good communication and interpersonal skills
  • physically fit

Those who can communicate in another language in addition to English and Malay, such as Tamil, Mandarin, Iban, Thai, Norge or German will definitely gain leverage.

Send your resumes to norliana(at)mecipglobal.com.my, cc to ali[at]mecipglobal.com.my, nazari[at]mecipglobal.com.my and abdullah[at]mecipglobal.com.my

…

I don’t see many labourers speaking Norge or German, though.

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Drilling Opportunity in Saudi

May 9, 2010

And another opportunity for the off-the-street-Malaysian to be a big player in a foreign oil and gas environment. More fodder for my upcoming rant, ‘why are there no local players in Malaysia’s production environment?’

Here are the brochures for:

  • Guidelines for Foreign Investors to Start a Business in the KSA
  • Local Enterprise Development Division

MATRADE Jeddah: Market Alert #5/2010

SAUDI ARAMCO TO DRILL HUNDREDS OF WELLS THIS YEAR

Saudi Aramco (Saudi Arabian Oil Company) will drill at least 300 development wells on and offshore and 48 exploratory wells this year, an executive said.

“We are proceeding with our development and exploration program, and this year we are going to drill 48 exploration wells and 300 plus development wells”, Zuhair Al Hussain, Vice President for drilling and work-over at Saudi Aramco, told the press this week on the sidelines of an industry event.

Saudi Aramco would maintain the level of rigs it is now operates at 96, of which 17 are for exploration and the rest for development wells, Hussain said.

Decreased activity on oil last year led to a fall in the number of rigs used in the Kingdom to 104 from 130.

…

You can get the full Matrade notice from … Matrade, or I’ll email it to you for a fee.

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Tales from the Engineering Floor – All your Autogates are Belong to Us

May 4, 2010

I was travelling through LCCT recently. As I approached the autogate, lo and behold, the autogate was cordoned off, with a large red display on the screen to the effect of ‘warning: virus detected!’. I guess someone was trying to surf on the autogate? Why the heck is a national security device not hardened against malware attacks?

Anyhow, I now know what the official antivirus software for the autogate is: ESET Nod32. Go purchase yourself a copy.

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Tender Notification: International Bid Round 2010 For Eight Onshore Blocks : Block III/ IV/ V/ VII/ XII/ XIV/ XVI/ XVIII

April 29, 2010

Anyone have the hankering to become an operating company? I humbly offer myself to be chief deal broker.

I have the:

If you want Part III, drop me a golden doubloon.

Title of tender: 04/2010(32)

Tender Notification:

International Bid Round 2010 For Eight Onshore Blocks: Block III, Block IV, Block V, Block VII, Block XII, Block XIV, Block XVI, Block XVIII

Closing date:

Bid round closing date : September 19, 2010 (Wednesday) at 14.00 noon (Damascus local time)

Bid round closing date : September 19, 2010 (Wednesday) at 19:00 pm (Malaysia Time)

Summary:

The Ministry of Petroleum and Mineral Resources and General Petroleum Corporation (GPC) would like to invite Malaysian Oil Companies to participate in the following bid:

International Bid Round 2010 For Eight Onshore Blocks

  • Block III, Block IV, Block V, Block VII, Block XII, Block XIV, Block XVI and Block XVIII

With a view of forging and generating more business opportunities between Malaysia and Syria, the Embassy welcomes Malaysian businessmen to participate in the above tender. Therefore, the Embassy shall be much obliged if this information be disseminated to the business fraternity in Malaysia. Please refer to the attachment for further information pertaining to the announcement.

Tender Book includes:

  • Basic Contractual and Commercial Conditions.
  • Technical Part of the available DATA FOR THE 8 BLOCKS
  • PSC Model Agreement ( draft)

Bidder may submit his offers for one block or more than one (separate offer for each block).

Interested bidders shall submit their offers based on the announcement, Basic Contractual and Commercial Conditions and the draft of Production Sharing Model Agreement.

The international Bid Round will be by public announcement, Basic Contractual and Commercial Conditions and by an invitation for already qualified companies.

Public announcement : for non qualified interested companies who should submit all financial and technical qualification documents and fill questionnaire form by the closing date of 1st June 2010.

Invitation for the already qualified companies in the Ministry: The Ministry of Petroleum & Mineral Resources by the closing date of 15 September 2010.

Qualified Bidder shall submit their bids in three sealed envelopes: A, B and C to be put in fourth sealed one, at the closing Date of 15 September 2010.

All ENVELOPES should be titled :

“ CONFIDENTIAL”

Ministry of Petroleum and Mineral Resources
International Bid Round 2010-( 8 Blocks)

and addressed to :

Ministry of Petroleum and Mineral Resources
Al-dawi, Khatoob st, Damascus –Syian Arab Republic
Tel: +963 11 445 1624 (442 9573)
Fax: +963 11 446 3942(444 3947)

Announcement could be obtained through Ministry of Petroleum and Mineral Resources website and at GPC’s website.

For further information, please contact : Contracts & Agreement Directorate in GPC,

Tel : +963 11 3141617
Fax: +963 11 3141634

COUNTRY : SYRIAN ARAB REPUBLIC

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Job Opening – Business Development

April 21, 2010

Disclaimer: Again, this is not for a Synergy opening. An associate of mine is looking for

a business development manager with a good network in the oil & gas industry. The candidate should be KL based with good/proven contacts, an honest, independent & self motivated person.

I’m not sure how one can evaluate ‘good/proven contacts,’ but fortunately I’m not doing the hiring.

Send your resume to fpso[att]igl.com.my. Any lousy examples of applications will be posted for all to mock.

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Tailored Tender Exercises

April 20, 2010

As an engineer, I’ll start with my definition: an activity whereby a party seems to legitimately seek offers to do or perform an act which the party offering. The party is expected to select a winning offer based on unbiased technical or commercial evaluations.

However, the activity is a sham, as the winning party has been pre-selected, and exercise has been rigged such that the wanted party is selected.

How would one go about maneuvering the tender to award the selected party?

  • If the evaluation process will never ever be audited, select the favoured bidder.
  • explicitly mention that equipment XXX or specialist YYY is required to be supplied or used in the exercise. Then collude with XXX or YYY so that they will supply or work exclusively with the favoured bidder. An example may be that the bid package writer states only one brand of valve is required.
  • Provide insufficient time to prepare a bid, while giving the favoured bidder information beforehand. For example, allowing 3 days to prepare the Proposal while requiring the submission of datasheets and P&IDs as part of the Proposal
  • Deliberately provide a vague scope of work, while demanding that bidders provide a firm lump sum price. The vaguer the better. An example would be that the work will comprise of 1-10 work packages, each of various sizes.

However, it may be difficult to distinguish whether it is a tailored tender exercise or an inexperienced, unqualified scapegoat was assigned to prepare the tender package.

Share your experiences, here or on wikileaks.

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Job Advert – Synergy

April 19, 2010

The poster says it all.

Synergy - Work Posting 2010-04

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From the Edge – PETRONAS to list two entities

April 13, 2010

Of course, we didn’t expect PETRONAS to list any of their star entities. My comments: Can someone tell me if  MMHE is the preferred fabricator of choice, esp for deep water structures? As for the Petrochemical entity, I expect profits to drop once PETRONAS Gas goes ahead and finds the guts to revise gas prices.

Now, if they listed PETRONAS Carigali Sdn Bhd, Putrajaya Holdings, PETRONAS NGV, Institute Teknologi Petroleum PETRONAS, these would be game changers.

Dateline 2010-04-09:

KUALA LUMPUR: The proposed listing of Petroliam Nasional Bhd’s (Petronas) petroleum chemicals business and its heavy engineering arm will bring about a potential rerating of O&G supporting companies, says OSK Research.

The research house said on Friday, April 9 that currently, the O&G sector is trading at an attractive average PER of 13x FY10 EPS and 11x FY11 EPS.

“We believe that if Petronas floats these 2 businesses at a higher PER valuation, this would bring about a potential rerating of O&G supporting companies, some of which are still trading at single digit valuations due to the nature of their business and the lack of excitement in the sector,” OSK Research added.

…

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

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