FPS arrives at deepwater Malaysian field

August 8, 2013

Finally!

Dateline 2013-07-05:

Installation has begun of a semisubmersible floating production system (FPS) on deepwater Gumusut-Kakap oil field offshore Sabah, Malaysia (OGJ Online, Mar. 17, 2009).

The field, operated by Sabah Shell Petroleum Co. under a production-sharing contract with state-owned Petronas, began producing 25,000 b/d last November through tie-back of two subsea wells to Kikeh oil field operated by Murphy Sabah Oil.

Kikeh, Malaysia’s first deepwater field, began production in 2007 through a spar connected to a floating production, storage, and offloading vessel (OGJ Online, Aug. 11, 2011).

…

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Posted by Wata

IEM Shout Out – 1 Day Seminar on The Application of Engineering Finance Methodology in Structuring A (Long-Term) Financially Sustainable Project

August 6, 2013

This is a shout out for the IEM. My Technical Division will hosting the above seminar on the 20th August, 2103.

The primary objectives of Engineering Finance are to Create Cost Conscious Global Professionals. Engineering Finance is a sub-set of Engineering using financial methodology to ensure the long-term viability and sustainability of a project.

The course will delve on:

  • Definition and concept of Engineering Finance.
  • Fundamental principles of the engineering finance methodology e.g. “Bridging” of “Engineering” with “Finance”, MAL Cost Efficiency Model, Economic Efficiency vs. Engineering Efficiency, Critical Component Analysis etc.
  • Applications of Engineering Finance – using actual cases to illustrate the uses of EF methodology in market positioning, product-technology option matrix etc.

The seminar will be led by Ir. Prof. Madya Dr Maulud Abdul Latif. He obtained his Engineering Doctorate (EngD) in Engineering Finance at the UTM/University of Warwick. He also holds an MBA Finance from the University of Queensland Business School, a B. Sc. (Hons) Mining Engineering from the University of Wales and a Diploma in Mechanical Eng. from Universiti Technologi Malaysia. In addition, he holds the Dredgemaster Certificate of Competency and is a member of the Board of Professional Engineers, Institute of Engineers and Institute of Mineral Engineers.

You can register here. Fliers may be obtained here.

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Posted by Wata

Saturday Star 2013-08-03 – Job Opportunities

August 5, 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.

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.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • PETRONAS is looking for Head, Olefins & Derivatives business. Send your application here.
  • Murphy is looking for a senior operations project engineer, senior project engineer, senior process engineer, metering & instrument engineer (eh?). Send your cv here.
  • Side note: My mechanic complains that there are not enough trained mechanics are being extruded from our schools. If you know of any idle ones, he’s looking for some. Ask them to contact Kong Ming Chai at +60122951023. On another note, has this shortfall hit the news? Can I get the contract for 1Repair?

Help me (and you) increase my cloud presense. 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!

Some interesting book on display at Kinokunya:

Modern Chemical Enhanced Oil Recovery: Theory and Practice, Offshore Structures: Design, Construction and Maintenance, Glossary of the Petroleum Industry: English/Spanish & Spanish/English

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.

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Posted by Wata

Sona Petroleum aims for RM550 million IPO for E&P assets

August 4, 2013

Dateline 2013-07-06:

Sona Petroelum Bhd (Sona Petroleum) yesterday launched its prospectus in conjunction with the company’s listing of and quotation for its entire issued and paid-up ordinary share capital together with warrants on the Main Market of Bursa Malaysia Securities Bhd (Bursa Malaysia).

Sona Petroleum’s initial public offering (IPO) will involve an offering of a total of up to 1.1 billion new ordinary shares of RM0.01 each in Sona Petroleum (public issue shares) together with up to 1.1 billion free detachable warrants attached on the basis of one Warrant to every one public issue share issued, at an issue price of RM0.50 per public issue share.

The company aims to raise up to RM550 million through its IPO. Upon listing, Sona Petroleum is expected to have a market capitalisation of up to approximately RM705.4 million.

…

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Posted by Wata

Maximising oil recovery from maturing oil fields

August 3, 2013

Dateline 2013-07-05, Sin Chew:

Malaysia is set to enhance its crude oil recovery from its maturing oil fields through the Enhanced Oil Recovery (EOR) technology using its own expertise in petroleum engineering.

Works are already underway to implement EOR at the Tapis oil field located about 200 kilometres off Terengganu that produces extra-light and low-sulphur crude oil.

Tapis is one of seven mature offshore fields that ExxonMobil Exploration and Production Malaysia Inc. (EMEPMI) and PETRONAS Carigali Sdn Bhd (PCSB) have agreed to develop as part of a 25-year production-sharing contract that was finalized in 2009.

The EOR is a major engineering milestone for the country as local companies like SapuraKencana Petroleum Bhd and Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) are involved in fabricating the jacket and deck respectively.

…

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Posted by Wata

Tapis EOR jacket en route for installation

August 2, 2013

Dateline 2013-07-05, Daily Express:

ExxonMobil Exploration and Production Malaysia Inc (EMEPMI), a subsidiary of Exxon Mobil Corporation, together with Petronas Carigali Sdn Bhd have successfully completed the construction and loadout of its platform jacket for the first large-scale Enhanced Oil Recovery (EOR) project in the region.

The eight-legged jacket – a tall, steel structure that rises up from the ocean to support a surface deck – is now en route to be installed at the Tapis field, located about 200km offshore Terengganu.

“The 5,500-tonne jacket is the substructure for the main central processing facility of the EOR project. Built in Lumut, it’s the heaviest jacket that we have installed in Malaysia,” Project Executive Douglas C. Smith told Bernama in an exclusive interview.

…

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Posted by Wata

Third round RSCs still up for grabs

August 1, 2013

Dateline 2013-07-04, The Sun Daily:

The bidding process for the third licensing round to develop marginal oil and gas fields under the risk service contracts (RSC) is yet to be completed, Petroliam Nasional Bhd (Petronas) said.

The market is expecting Petronas-owned Vestigo Petroleum Sdn Bhd to speed things up and pave the way for more companies to join in the fray.

“No contract has yet been awarded in this licensing round as the bidding process is still ongoing,” the national oil company said in an email to SunBiz.

Interest in RSCs perked up yesterday after a relatively small player Handal Resources said it will partner MOE Australia Ltd to explore opportunities in development of marginal oil and gas fields – with an eye for RSC agreement with Petronas.

…

4 Comments | Malaysia, oil and gas | Tagged: , , , | Permalink
Posted by Wata

Petronas Carigali sets up new subsidiary to focus on small, marginal fields

July 30, 2013

Dateline 2013-07-01, Platts:

Petronas Carigali, the upstream arm of Malaysia’s state-owned Petronas, has set up a subsidiary, Vestigo Petroleum, to focus on the development of small, marginal and mature fields in Malaysia and overseas, Petronas said Monday.

Vestigo aims to optimize production from clusters of small, marginal and mature fields through operational, technical and cost effective methods while its parent Petronas Carigali will continue to explore and develop larger and more technically complex fields, the company said in a statement.

…

 

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Posted by Wata

Saturday Star 2013-07-27 – Job Opportunities

July 29, 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.

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.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Nothing in the papers this week.
  • Side note: My mechanic complains that there are not enough trained mechanics are being extruded from our schools. If you know of any idle ones, he’s looking for some. Ask them to contact Kong Ming Chai at +60122951023. On another note, has this shortfall hit the news? Can I get the contract for 1Repair?

Help me (and you) increase my cloud presense. 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!

  

If you are interested in oil and gas surface facilities, I would recommend getting Surface Production Operations, Volume 2:, Second Edition: Design of Gas-Handling Systems and Facilities and Surface Production Operations, Volume 1, Third Edition: Design of Oil Handling Systems and Facilities. And don’t forget the Coulson & Richardson classic, Chemical Engineering, Volume 6: An Introduction to Design (Chemical Engineering Technical Series)

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

Matrade: Iraq offers lucrative O&G deals

July 28, 2013

Dateline 2013-07-03:

Malaysia External Trade Development Corp (Matrade) says despite major security concerns, there are lucrative contracts for Malaysian oil and gas (O&G) support companies in the recently liberalised Iraqi oil industry.

Matrade’s senior director Datuk Dzulkifli Mahmud said the Iraqi government is farming out contracts for services to its oil industry as well as in parts, supplies and maintenance worth billions of dollars. “Malaysian companies should seek contracts in the service provision business in the O&G sector,” said Dzulkifli in Kuala Lumpur yesterday.

Dzulkifli said Malaysian O&G companies have the expertise that are now urgently needed in Iraq.

…

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Posted by Wata

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