Plenty of jobs in O&M phase for BUMI oil & gas firms – Petronas COO

November 26, 2013

Yup, you can get jobs buy undercutting your competition, hang the quality.

Dateline 2013-10-16, Malaysia Chronicle:

Bumiputra oil and gas companies should tap opportunities present at the operation and maintenance (0&M) phase of any Petroliam Nasional Bhd (Petronas) projects, said its chief operating officer Datuk Wan Zulkiflee Wan Ariffin.

Analysts estimate that Petronas allocates between 10 and 20 per cent of its capital expenditure (capex) on the 0&M of its assets.

The national oil and gas company has set aside RM300 billion for capex over a five-year period, starting from 2011.

O&M-related works, which come into play at the post-commissioning stage, are more longterm in nature. Hence, O&M jobs are normally seen as recurring income-based contracts.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

Nga calls for Petronas to be audited by Auditor General

November 26, 2013

Yes, PETRONAS, open the kimono, or baju kurung if you want local flair. And did the Honourable MP just find the Petroleum Act? I would like to see whether PETRONAS has been missing any firearms as well, and how much did their printers cost?

Dateline 2013-10-02, The Star:

Taiping MP, Nga Kor Ming calls for Petronas to be audited by the Auditor General and eventually debated in the Dewan Rakyat.

“Petronas has been around for 38 years now, however it has not been audited even once.

“I also found that section 3 of the Petroleum Act (1974) states that it only allows the office of the Prime Minister to have access to the accounts as it is classified as private and confidential,” he said during a press conference at the parliament on Wednesday.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

Saturday Star 2013-11-23 – Job Opportunities

November 25, 2013

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need RM360 to get The Star ePaper.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Carigali Hess is looking for a principal drilling engineer, reliability engineer, commissioning engineer, reservoir engineer, instrument engineer. Send your cv here,  with a detailed resume stating references, expected remuneration, contact telephone and email address, before 7 December, 2013.

Help me (and you) increase my cloud presence. Pleease use some form of cloud storage, so if you lose your laptop with those oh-so-important reports, be assured that (with Internet access) the files are still accessible. Use my referrals for Dropbox, MiMedia,  SpiderOak, MediaFire, Ubuntu One, Sugar Sync.

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

Let’s go back to basics, the quanta of it all:

  

Alice in Quantumland: An Allegory of Quantum Physics, The Wizard of Quarks: A Fantasy of Particle Physics, Scrooge’s Cryptic Carol: Visions of Energy, Time, and Quantum Nature

The IEM has a coffee table book out, Engineering Heritage of Malaysia (no, it is not Datuk Seri Samy Vellu’s bio). Visit here for details.

Food?I had lunch at Chakri Palace, KLCC. Blooming expensive. Anyone want to treat me to dinner there?

Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Oil firm with Gaddafi ties helped construction giant win contracts overseas

November 24, 2013

Not wholly a Malaysian topic, but 1) I need link bait, 2) Leighton does have a local presence. Dateline 2013-10-02:

Leighton Holdings‘ offshore arms enlisted a network of middlemen with links to influential officials in corruption-prone countries to help it win huge contracts.

Those middlemen included a Monaco firm with ties to former Libyan dictator Muammar Gaddafi and senior Iraqi politicians.

Company files indicate the Australian construction giant paid Monaco’s Unaoil $40 million at the direction of the Iraqi Oil Ministry as part of a 2010 contract suspected of being corrupt.

The ministry had nominated Unaoil as the subcontractor that would provide domestic support to Leighton Offshore on a $750 million oil pipeline project.

Advertisement

The files suggest Unaoil, which has employed former top Iraqi oil officials, received its money after the Australian company allegedly artificially inflated the value of an onshore support services contract by $40 million.

…

 

Leave a Comment » | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Tapis EOR project will start production in 2014

November 23, 2013

From The Malaysian Reserve, dateline 2013-10-03:

The Tapis Enhanced Oil Recovery (EOR) project is moving a step closer to production with the significant completion of the main central processing facility called Tapis-R topsides.

The project will see the oil production from the ageing Tapis field increase from the current estimated 5,000 barrels per day to a maximum output of 25,000-35,000 barrels per day (bpd) by 2017.

The EOR is a 50:50 participation between ExxonMobil Exploration & Production Malaysia Inc (EMEPMI) and Petronas Carigali Sdn Bhd (PCSB).

…

 

Leave a Comment » | Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Malaysia’s UMW Oil & Gas sets tight IPO bookbuilding range

November 22, 2013

Yes, historical info, thank you for informing me.

Dateline 2013-10-02, Reuters:

UMW Oil & Gas Corp Bhd , a Malaysian offshore and drilling services firm, set a tight IPO bookbuilding range of thanks to strong demand from cornerstone investors, a source with direct knowledge of the process told Reuters on Wednesday.

This values the IPO at up to 2.36 billion ringgit ($729.63 million), the largest in Malaysia so far this year. This IPO comes on top of the $680 million flotation by Westports Holdings Bhd, operator of the country’s busiest port.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

At the Wellhead: Malaysia sets out a plan to reverse its oil output slide

November 20, 2013

Dateline 2013-09-30, Platts:

Malaysia wants to reverse a long decline in its crude oil output. It recently completed a project that it sees as a major step in that direction. Mriganka Jaipuriyar discusses the project in this week’s Oilgram News column, At the Wellhead.

————————–

Malaysia recently achieved a significant milestone in its attempt to reverse a decline in crude oil production with the completion of the Tapis-R platform — a 23,500 mt mega structure for the enhanced oil recovery (EOR) project at the aging Tapis field located offshore Terengganu in Peninsular Malaysia.

With the EOR project, Petronas and ExxonMobil are aiming to recover an additional 180 million barrels of crude oil from the field, which was discovered in 1969, and extend its life by another 30 years.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: | Permalink
Posted by Wata

Malaysia’s oil and gas services looking farther afield

November 19, 2013

Dateline 2013-09-28, Borneo Post:

Companies servicing Malaysia’s oil and gas sector are using the experience and expertise gained during collaborative ventures with foreign firms as a launchpad for overseas expansion.

Four decades of developing solutions for Malaysia’s operational environment, under the state-owned hydrocarbons producer, Petroliam Nasional Bhd (Petronas), have put local outfits on a solid footing to enter the rapidly expanding global oil services industry.

However, the fast pace of growth has also produced challenges for firms embarking on international expansion, including project delays and equipment shortages, which are taking their toll on margins.

Production on the rise

At home, Malaysia’s oil sector services providers have benefited from Petronas’s efforts to galvanise production in recent years, spearheaded by a US$30 billion investment aimed at ramping up output, developing new offshore reserves and extending the production life of existing fields.

…

Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata

Saturday Star 2013-11-16 – Job Opportunities

November 18, 2013

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need RM360 to get The Star ePaper.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • PETRONAS Chemicals Group Bhd has openings. Visit here with your updated resume.
  • Hey, why is the list so short?

Help me (and you) increase my cloud presence. Pleease use some form of cloud storage, so if you lose your laptop with those oh-so-important reports, be assured that (with Internet access) the files are still accessible. Use my referrals for Dropbox, MiMedia,  SpiderOak, MediaFire, Ubuntu One, Sugar Sync.

Break the Low Yat stranglehold! Support Newegg Malaysia, or check Amazon’s International Shipping. Yeah, baby!

Let’s go back to basics, the quanta of it all:

  

Alice in Quantumland: An Allegory of Quantum Physics, The Wizard of Quarks: A Fantasy of Particle Physics, Scrooge’s Cryptic Carol: Visions of Energy, Time, and Quantum Nature

The IEM has a coffee table book out, Engineering Heritage of Malaysia (no, it is not Datuk Seri Samy Vellu’s bio). Visit here for details.

Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: , , | Permalink
Posted by Wata

Petronas Sees 14 Fields Under EOR Scheme Producing Up to 1B Barrels of Oil

November 17, 2013

Dateline 2013-09-26, Rigzone:

Malaysia’s state-owned oil company Petroliam Nasional Berhad (Petronas) expected production from 14 oil fields identified under the enhanced oil recovery (EOR) initiative to reach between 750 million and one billion barrels of oil for the duration of the fields’ economic life, subject to the condition of the fields and when these projects start up, local newspaper The Star reported Thursday.

The Tapis field is the first to be selected for the EOR scheme, under which Petronas seeks to reverse dwindling oil reserves in Malaysia. Five of these fields lie offshore Sabah and Sarawak, including Baram in Sarawak and St Joseph in Sabah, while the others are located offshore Peninsular Malaysia, including Tapis and Dulang fields.

Petronas CEO Shamsul Azhar Abbas said recently that production decline at its Malaysian oil fields has been kept to a minimum, at around 2 and 3 percent which helped the firm to maintain crude production at around 480,000 barrels per day, compared to 8 and 9 percent internationally, The Star reported.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

« Previous Entries
Next Entries »