Petronas’ EOR project in Tapis to boost oil production

November 15, 2013

Isn’t Tapis ExxonMobil’s field?

Dateline 2013-09-25, The Star:

Petroliam Nasional Bhd expects Malaysia’s first large scale enhanced oil recovery (EOR) project to boost oil production at the Tapis oilfield offshore peninsular Malaysia by up to 35,000 barrels per day from between 3,000 and 4,000 barrels currently.

Head of EOR programme, exploration and production technology division Dr Nasir Darman said using the water-alternating-gas (WAG) injection measure, the depleting Tapis oilfield will be injected with gases from nearby Guntong oilfield to increase pressure and enhance oil production.

Production, he added, is expected to start in the first half of next year. “At peak, the project is expected to produce between 25,000 and 35,000 barrels per day of oil in 2016 and 2017,” he told reporters in a briefing at the Malaysia Marine and Heavy Engineering Bhd (MMHE) fabrication yard here on Tuesday.


Shell invests RM3.2b in Malaysia

November 14, 2013

Dateline 2013-09-25, Malaysian Reserve:

Shell Malaysia has reiterated its confidence to invest US$1 billion (RM3.22 billion) in fixed investments in the Malaysian oil and gas (O&G) industry, providing employment to over 6,500 people, Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said.

“I just had a discussion with the Shell leadership including Shell’s group CEO and they have expressed confidence in the country and will continue to invest in the country, he told newsmen after delivering a keynote address at the Shell Malaysia Innovation Summit in Kuala Lumpur yesterday.

A key project that Shell is working on is the Gumusut Kakap, a deepwater field which Shell is developing with Petronas Carigali Sdn Bhd, ConocoPhillips and Murphy. When it goes into full production, it is expected to contribute 20% to 25% of Malaysia’s oil production, with design capacity of 150,000 barrels per day.

 


Jeffrey claims Majid’s revelations helped to confirm suspicions

November 12, 2013

Daily Express, dateline 2013-09-19:

Sabah State Reform Party (Star) said the revelations by former United National Kadazan Organisation (Unko) Deputy Secretary-General Tan Sri Majid Khan recently regarding Federal Government policy on oil proved that Federal leaders were prepared to concoct lies “to steal Sabah’s oil and gas.”

Its Chief, Datuk Dr Jeffrey Kitingan, said the explanation by Federal leaders in the 1970s that oil found on-shore belongs to Sabah while offshore belonged to the Federal Government showed that it wants Sabah’s oil and gas at all costs.

He was commenting on a talk presented by Tan Sri Majid Khan at the recent forum “The Formation of Malaysia – The Untold Story” organised by the Sabah Society.

Majid, according to Jeffrey, had said that whether it is true or lawful was another matter and it was up to the present Sabahans to take the matter to court to determine its legitimacy.

 


After petrol price hike, Maybank research unit expects GAS & ELECTRICITY TO BE NEXT

November 10, 2013

Dateline 2013-09-19, Malaysia Chronicle:

Gas and electricity prices are likely to be next in a round of price hikes following the fuel subsidy cut earlier this month, Maybank Investment Bank (IB) Research predicted today.

In its daily report, Maybank IB has predicted further subsidy rollbacks since the total savings from the Performance Management and Delivery Unit’s Subsidy Rationalisation Roadmap in 2010 has been much less than intended.

“Total savings since 2010, at RM9 billion into 2014, is a pale comparison to what was intended in the 2010 Roadmap.

“Considering its inflationary impact and the need to sustain domestic consumption, we take the view that upcoming subsidy rollbacks will remain gradual. We think gas and electricity prices will be next to be addressed,” said the report here.


Japan’s JX acquires stake in deepwater Malaysia block

November 9, 2013

From The Sun Daily, 2013-09-19:

Japan’s JX Nippon Oil & Gas Exploration Corp said on Thursday it has acquired a 40% stake in the Deepwater Block 2F off the coast of Sarawak in Malaysia.

JX and Petroliam Nasional Bhd (Petronas) have entered into a production sharing contract for the block, JX’s sixth block in Malaysia and its fourth as an operator, it added.

Petronas also holds a 40% stake, while GDF Suez E&P Malaysia BV has the remaining 20%. The exploration period is four years.

“Deepwater Block 2F is located in the northwest of Sarawak, with 5,500 sq km surface area and 100-1,200m water depth,” JX said.

 


1 Country Fueling Big Profit Margins for Big Oil

November 8, 2013

Dateline 2013-09-17, The Motley Fool:

Most of us probably have no idea where Malaysia is located. Even fewer probably know of its natural resource riches. That needs to change because Malaysia should prove to be an important location for oil companies looking for growth. Not to mention its importance to investors looking to profit from that growth.

For those needing a quick geography lesson, Malaysia is located in Southeast Asia and it’s actually two separate land masses separated by the South China Sea. Its that geographic location that’s important because of its close proximity to oil thirsty China.

Speaking of oil, Malaysia is actually the second largest oil and gas producer in Southeast Asia and it’s the second largest exporter of liquefied natural gas in the entire world. Further, Malaysia is estimated to hold the fifth largest oil reserves in Asia-Pacific and one of the top 30 holders of oil reserves in the world. Malaysia really is resource rich.

 

 


Petrofac wins training contract with Malaysia’s Petronas

November 7, 2013

Dateline 2013-09-16, IFA:

Oil and gas services provider Petrofac is to operate and manage two training facilities for Malaysian oil major Petronas in a contract worth 120m dollars.

The company is currently constructing two upstream plant training facilities and a downstream facility to support Petronas’ workforce capability enhancement programme. The two upstream facilities will be managed by Petrofac for the next five years and will see 500 delegates trained each year. There is the option to extend the agreement for a further two years.

Andy Inglis, the head of Petrofac Integrated Energy Services, said he was ‘delighted’ to build on the existing relationship with long-term customer Petronas.

 


JX Nippon SK10 10th Anniversary Dinner

November 6, 2013

Do I need to add anything further? Dinner was held on Oct 25th, 2013.


IEM Shout Out – Talk On Introduction to Measurement

November 6, 2013

This is a shout out for the IEM. My Technical Division will be having a talk on Wed, 6th October, 2012. It’ll be at 5:30 pm at Wisma IEM. Note that no CPD points will be awarded, but I think the talk is important enough for you to attend.

Measurement is an important part of the oil and gas industry. The industry focus has mainly been on improving safety and optimizing production, but without accurate and credible measurement, there will be an unacceptable level of uncertainty in the amount being produced. This uncertainty may translate to commercial disputes, or improper management of available reserves.

This presentation will provide an introduction to measurement. The session will be broken down as follows:

Part 1: Introduction to Measurement (approximately one hour)
Part 2: Why Measurement is Important (approximately one hour)

The presentations are part of TUV NEL’s ‘Free Flow Measurement Training’ series.

Gilbert has worked in the Engineering Industry since 1966 progressively developing a career path, which included a Managing Directorship in a specialised Flow Measurement Consultancy Company. The majority of his career has been concentrated in the area of flow measurement, allocation, sampling and analysis in the Oil and Gas Industry. His current role is developing a Flow Consultancy business for TÜV NEL in the Asia Pacific Region.

Chris is a flow measurement consultant at NEL in Glasgow, Scotland who specialises in the oil & gas industry. He has approximately 5 years experience at NEL and works predominately on consultancy for the oil & gas industry. Chris has in depth knowledge of flow measurement technologies, allocation and measurement uncertainty. Chris has been the technical lead on several high value projects during his time at NEL. Chris’s knowledge and expertise were exploited in the NEL led Joint industry Project researching measurement techniques for high viscosity fluids. He was also responsible for the modification to the NEL oil flow facility to incorporate high viscosity fluids up to 1500 cSt. He has presented technical papers on flow measurement at several conferences around the world, including Calgary, Kuala Lumpur, London and Oslo. He has also represented NEL at the Energy Institute HMC-1 meetings and been part of the Oil & Gas Focus Group steering committee.

You can register here, and flyers for the above and other events may be obtained here.


Samsung Engineering Wins US$770 Million Gas Terminal Contract in Malaysia

November 6, 2013

Oh, crap. I didn’t know they were removing H2S. Back to the drawing tablet.

Dateline 2013-09-16:

Samsung Engineering announced on September 13 that it won the Terengganu Gas Terminal (TGAST) project worth US$770 million (834 billion won) from US-based oil and gas firm Hess Corporation, and Petronas Carigali, the Exploration and Production subsidiary of Malaysia’s national oil company Petronas.

This project involves the construction of a gas terminal in Kerteh, Terengganu, which lies about 260km northeast of Kuala Lumpur. The gas terminal will produce 700 million cubic feet each day by removing impurities such as carbon dioxide (CO2) and hydrogen sulfide (H2S) from natural gas extracted at sea.