September 6, 2021
Dateline 2021-08-12,S&P Global:
Malaysia’s national oil company Petronas has issued a front-end engineering and design tender for a third floating liquefied natural gas or FLNG plant, for which bids are due in August from interested parties, according to sources with direct knowledge of the matter.
The FEED study is expected to kick off before the end of 2021 and lead to a final investment decision on the unit dubbed PFLNG Tiga during the second half of 2022, sources said. Petronas declined to comment.
Leave a Comment » | 
oil and gas | Tagged: FLNG, Petronas | 
Permalink
Posted by Wata
September 3, 2021
Wait,
PM524 minefield?
Dateline
2021-08-10, Aju Business Daily:
POSCO International, a trading arm of South Korea’s steel group, will work with Petronas, a Malaysian state oil and gas company, to explore gas fields in waters of the east coast of the Malaysian Peninsula.
In an international bid, POSCO International said it has won the right to explore and operate the PM524 minefield where Petronas already operates a gas field. The South Korean company aims to sign a product distribution contract within this year after coordinating with Petronas on detailed conditions.
POSCO International has picked promising mining areas by checking seismic waves and drilling data. The company will hold an 80 percent stake, along with the right to operate, while the remainder will be controlled by Petronas’ subsidiary, Petronas Carigali Sdn Bhd, a subsidiary of the Malaysian state company.
…
Leave a Comment » | oil and gas | Tagged: PCSB, Petronas, PM524, POSCO | Permalink
Posted by Wata
September 2, 2021
Dateline 2021-08-09, The Maritime Executive:
The development of the first complete Carbon Capture and Storage (CCS) project, offshore Malaysia, is getting underway for the oil and gas company Petronas. The conceptual engineering design contract for the project was awarded to the global energy consultancy Xodus.
The Kasawari CCS project, off the coast of Sarawak, will comprise the capture and processing of carbon dioxide (CO2) from the sour gas field development, which will then be injected in a depleted gas field. This project is a key element of PETRONAS’ aspiration of achieving net-zero carbon emissions by 2050.
…
Leave a Comment » | oil and gas | Tagged: CCS, Kasawari, Petronas, Sarawak | Permalink
Posted by Wata
August 31, 2021
Risk Transfer Incentive Contract, wot?
Dateline 2021-08-09, Malaysian Reserve:
Uzma Bhd through its wholly-owned subsidiary Uzma Engineering Sdn. Bhd. secured a Work Order Award from PETRONAS Carigali Sdn. Bhd. for the Provision of a Risk Transfer Incentive Contract (RTIC) for Idle Wells Reactivation and Production Enhancement Services for Sabah assets.
In a statement today the company said the contract duration is for three years beginning 13 July 2021 and ending on 12 July 2024 with an estimated contract value of RM29 mil.
The job scope of the contract involves deploying well intervention services to perform idle well reactivation activities at Offshore Sabah.
…
Leave a Comment » | oil and gas | Tagged: Sabah, Uzma | Permalink
Posted by Wata
August 10, 2021
Dateline 2021-08-01, Upstream:
A Sarawak lawmaker has reportedly blamed national oil company Petronas for a new coronavirus outbreak in the state’s oil and gas town Bintulu in Malaysia.
Bintulu Member of Parliament Tiong King Sing claimed that the potentially fatal Covid-19 was found in many of those on board the Grade One Manjung 7 (GOM 7), a Malaysia-flagged anchor handling vessel that had been working for Petronas.
The vessel had entered Bintulu port in Sarawak, East Malaysia in early July.
Tiong alleged that the GOM 7 had failed to carry out the compulsory 14-day vessel quarantine upon arrival as stipulated by the State Disaster Management Committee (JPBN) and had also allowed workers to disembark or others to board during that fortnight.
…
Leave a Comment » | oil and gas | Tagged: bintulu, Petronas, Sarawak | Permalink
Posted by Wata
August 9, 2021
Dateline 2021-07-30, Upstream:
Petrofac has brought on stream its East Cendor oilfield on Block PM 304 offshore Peninsular Malaysia.
East Cendor is the fourth field to be exploited on the block, following Cendor, West Desaru and Irama.
The project comprises the development of a single new wellhead platform (WHP) and installation of a new 6.3-kilometre pipeline linking the field to the existing floating production, storage and offloading vessel Cendor.
Output from East Cendor is expected to peak at more than 7000 barrels per day of oil, which will further extend the economic life of Block PM 304.
…
Leave a Comment » | oil and gas | Tagged: East Cendor, Irama, PM304, West Desaru | Permalink
Posted by Wata
August 6, 2021
Dateline 2021-07-30, Offshore Engineer:
Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.
The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners.
East Cendor is the fourth in the series of development in Block PM304, after Cendor, West Desaru, and Irama.
…
Leave a Comment » | oil and gas | Tagged: East Cendor, KUFPEC, PCSB, Petrofac, Petronas, PM304 | Permalink
Posted by Wata
August 5, 2021
A bit more clarity for yesterday’s post.
Dateline 2021-07-28:
PETRONAS has awarded Block SK437 offshore Sarawak, Malaysia to PETRONAS Carigali Sdn Bhd (PCSB), Sarawak Shell Berhad (SSB), and Petroleum Sarawak Exploration and Production Sdn Bhd (PSEP), a wholly-owned subsidiary of Petroleum Sarawak Berhad (PETROS).
Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2015 km2 in size and in water depths of up to 50 m.
SSB is the operator for Block SK437 PSC, with a 85% participating interest, while PCSB and PSEP hold 7.5% each. Both PCSB’s and PSEP’s interests are carried during the exploration phase. SK437 is a new addition to Shell’s existing interests in 15 production sharing contracts in Malaysia, of which eight are located off the coast of Sarawak, whilst the remaining seven are located off the coast of Sabah.
…
Leave a Comment » | oil and gas | Tagged: PCSB, Petronas, PETROS, PSEP, SK437, SSB | Permalink
Posted by Wata
August 4, 2021
Is Shell exiting, or wo’? Maybe it will exit PETRONAS , and enter PETROS?
Oo, and the page has an article titled “Petronas surrenders to Sarawak tax demands as CEO walks“
Dateline 2021-07-29, Energy Voice:
Significantly, Sarawak state-energy company Petroleum Sarawak (PETROS) will hold a minor stake in Block SK437, marking its first involvement in an offshore exploration production-sharing contract (PSC).
Shell will operate the 2,015 sq km block, which lies southwest of the Central Luconia province in waters 50 metres deep, with an 85% interest. Malaysian national oil company (NOC) Petronas Carigali and PETROS will each hold a 7.5% stake in the acreage.
Since the 1970s, significant oil and gas reserves have been discovered offshore the eastern Malaysian state of Sarawak, which have helped supply one of the world’s largest liquefied natural gas (LNG) export plants in Bintulu.
…
Leave a Comment » | Malaysia, oil and gas | Tagged: PETROS, Shell, SK437 | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 