HSE management in Malaysia’s Oil & Gas industry

July 27, 2013

Dateline 2013-07-02, Borneo Post Online:

PETROLEUM exploration in Malaysia started in Sarawak when oil was first discovered in 1909 and first produced in 1910. Malaysia has the world’s 25th largest oil reserves and the 14th largest gas reserves. The oil and gas (O&G) industry is a complex and high risk field due to the location of its operations and proximity to hazards (Ken-Worgu 2011).

The Piper Alpha incident saw the destruction of an entire oil platform from fire and explosion, killing 167 people within 22 minutes. The Deepwater Horizon oil spill in the Gulf of Mexico in April 2010 killed 11 people and 4.9 million barrels of oil were discharged into the sea —- the largest oil spill ever. Both incidents indicate that accidents in the O&G industry can have catastrophic effects on people, the environment, assets and reputation.

In general, O&G projects take several years to complete and involve large capital outlays. Some are considered mega projects, due to the huge magnitude, high costs and significant number of interfaces, interdependencies, complexity, and risks (Jergeas 2008).

The use of time, cost and quality as indicators of project success have been applied to almost every industry. However, the inclusion of health, safety and environment (HSE) as a success factor in O&G projects has not been investigated; neither has it been included as part of project management models despite its big impact to the industry.

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Muhibbah shares up 11% after securing Petronas license

July 26, 2013

You mean Muhibbah didn’t have a PETRONAS license before this?

Dateline 2013-06-28, The Star:

Shares of Muhibbah Engineering (M) Bhd rose 17 sen or 11% to RM1.74 at 3.46pm on Friday on news that it had been awarded a license by Petroliam Nasional Bhd.

It was one of the most actively traded stocks with 15.7 million shares traded between RM1.63 and RM1.74.

The FBM KLCI rose 15.79 points to 1,767.36. Turnover was 1.09 billion valued at RM1.654bil with 462 gainers, 242 losers and 302 counters unchanged.

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‘ILLEGAL’ DR M? Former PM’s status as Petronas advisor may violate Petroleum Act

July 25, 2013

He’ll do it “hiiiiiis waaaay”, you can bank on that.

Dateline 2013-07-28. Malaysian Chronicle:

The legality of former prime minister Dr Mahathir Mohamad’s post in national oil giant Petronas as its advisor has come under question.

Kuala Terengganu member of parliament Raja Kamarul Bahrin Shah cited the Petroleum Development Act 1974 which states that any individual who is not part of the present government is not qualified to hold the post.

“Under what provision is Dr Mahathir appointed as Petronas advisor, since Section 5 of the Act states that the advisory role is to be placed under a council and not any individual,” Raja Kamarul told Harakahdaily at the parliament lobby yesterday.

Section 5 of the Act states:

“1. There shall be established a Council to be known as the National Petroleum Advisory Council consisting of such persons including those from the relevant States as the Prime Minister may appoint.

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

July 23, 2013

This is a shout out for the IEM. My Technical Division will hosting the above seminar on the 20th August, 2013.

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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Saturday Star 2013-07-20 – Job Opportunities

July 22, 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.
  • Aker Solutions wants you in the deep end of the oil & gas talent pool. Visit them here if you want to see if you are woman enough to meet the challenge.
  • Carigali Hess is looking for a principal drilling engineer, SHE officer drilling / well services, Adviser (HSE drilling and operations), lead / senior engineer (facilities), senior qa/qc engineer, mechanical engineer, reservoir engineer, process engineer, petroleum engineer, project engineer. Send your cv here,  with a detailed resume stating references, expected remuneration, contact telephone and email address, before 2 August, 2013.
  • 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.

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S. Sudan expects Petronas and CNPC oil to leave Sudan

July 21, 2013

Dateline 2013-06-28, The Star:

South Sudan expects a first oil shipment of 1 million barrels to sail from Sudan’s Port Sudan terminal on Saturday, despite a threat from Khartoum to halt cross-border flows, its oil minister said on Thursday.

A trading source told Reuters the first ships had been already loaded in Port Sudan. That oil will likely come fromChina National Petroleum Corp, which runs the oilfields with India’s ONCG Videsh and Malaysia’s Petronas in South Sudan.

Sudan notified its landlocked neighbour to the south two weeks ago it would close the two export pipelines to Port Sudan within two months unless Juba gave up its support of rebels operating across the shared border.

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Explain the Pexco deal, Najib told

July 20, 2013

Dateline 2013-06-27, FMT:

Pakatan Rakyat MPs urged Prime Minister Najib Tun Razak to explain reports that a private company received a lucrative concession to work on an offshore oil block in Sarawak. Speaking at the Parliament today, DAP MP Ariff Sabri alleged that the company, Pexco, received concession to work on a 25,000 square-kilometre block at the offshore oil block. Ariff also claimed that Pexco is linked to Usaha Tegas Sdn Bhd, which belongs Malaysian billionaire T Anandakrishnan.

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Gumusut-Kakap FPS to Operate at Full Capacity By Year-end

July 19, 2013

I believe when I see…

Dateline 2013-06-29, Rigzone:

Shell expected its floating production system (FPS) for the Gumusut-Kakap oil field project offshore Sabah, Malaysia to operate at full capacity by year-end.

“We drew our first oil in November last year and we expect to reach full production capacity by year-end,” said Chairman Iain Lo of Shell Refining Company (Federation of Malaya) Bhd – a subsidiary of Shell in Malaysia as reported by Malaysian national news agency Bernama June 21.

The FPS will produce 150,000 barrels of crude oil per day from 19 subsea wells, which are located in water depths of 3,937 feet.

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Hess And Newfield To Auction Their Asian Assets

July 18, 2013

Dateline 2013-06-21, Value Walk:

Hess Corp. (NYSE:HES) and Newfield Exploration Co. (NYSE:NFX) have separately launched auctions to offload their Asian oil and gas assets. The value of their combined assets put on sale could go up to $3 billion, people familiar with the matter told Denny Thomas of Reuters.

Hess Corp

U.S. companies have increasingly been selling their less productive and aging oil and gas fields in Asia. They are now investing in more profitable and strategic projects, especially in their home markets. Hess Corp. (NYSE:HES) and Newfield Exploration Co. (NYSE:NFX) have followed the same path, mainly due to mounting pressure from activist shareholders.

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Ambalat Border Dispute Ignored for Joint Indonesia/Malaysia Exploration Efforts

July 16, 2013

Ah, diving, oil and border disputes. When is the movie coming out?

Dateline 2013-06-17:

 Indonesia’s Energy and Mineral Resources Ministry has set aside an ongoing territorial dispute over the oil-rich Ambalat waters and teamed up with Malaysia to conduct geological explorations in the Borneo border area of Nunukan.

The new partnership was established by both governments in an aid to better manage the massive potential of natural resources in the border area that could be developed and utilized for the betterment of the people in both countries.

Parts of the program are managed by Indonesia’s National Border Management Agency (BNPP).

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