Hot off the press! Actually, not so hot, I was privileged to see a preview about 3 weeks ago. We thank PETRONAS for sharing this information to us, the minions.
Also, is it a coincidence this came out on the first day of the weekly petrol price setting regime?
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Malaysia, oil and gas | Tagged: Petronas | 
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Posted by Wata
Dateline 2016-02-22, Daily Express:
There is increased interest in Hibiscus Petroleum Bhd due to imminent regulatory approval for its propsed acquistion of a 50pc stake in four offshore oilfields in Sabah from Shell.
Hibiscus earkier announced it had entered into a conditional sale and purchase agreement with Sabah Shell Petroleum Company Ltd and Shell Sabah Selatan Sdn Bhd to acquire Shell’s entire 50pc interest in the 2011 North Sabah enhanced oil recovery production-sharing contract (PSC) for US$25 mil (RM 111mil).
The PSC comprises four producing oilfields namely, the St Joseph, South Furious, SF30, and Barton oilfields, and associated infrastructure such as pipeline infrastructure and the Labuan Crude Oil Terminal.
The purchase is subject to regulatory approval of Petroliam Nasional Bhd (Petronas) and the consent of Petronas Carigali Sdn Bhd, a 50pc joint venture partner in the PSC. If approval is gained, the acquisition is likely to be completed in the middle of the year.
Hibiscus managing director Kenneth Pereira declined to comment on the likelihood that Petronas will give its approval for the stake buy soon.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Hibiscus Petroleum, Kenneth Pereira | Permalink
Posted by Wata
I was part of the delegation that was sent to AOG 2017 in Perth. The official report can be found at MOGEC’s website, and I’ll post it again next week. Here are the ‘nothing to do with work’ photos.
Leave a Comment » | investment, Malaysia | Tagged: AOG 2017 | Permalink
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I need a refresher on the mechanics of a PSC. Anyone want to come over and give it?
Dateline 2017-02-22, FMT:
Chief Minister Abang Johari Openg has been urged to take up the 49% stake in the SK316 offshore gas block which Petronas is reportedly planning to sell.
PKR Sarawak vice-chairman See Chee How said the Sarawak government should immediately negotiate with Petronas to purchase this stake.
See was responding to a Reuters report on Feb 20 that Petronas aimed to sell a large minority stake in the prized upstream local gas project for up to US$1 billion as it seeks to raise cash and cut development costs.
Petronas is looking to sell a stake of as much as 49% in the SK316 offshore gas block in Sarawak state, Reuters quoted sources as saying.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Abang Johari Openg, Petronas, See Chee How | Permalink
Posted by Wata
Happy Wata IEM VP and Council Candidacy. Vote for me, and spread the word, wilya? IGL has pivoted into training, so book your seats now.
We’re thinking of republishing Young Turks of PETRONAS, but it’s a minimum 500 book printing run. Do I have enough interested persons to purchase?
Donate to your favorite charity (me), buy my recommendations, or through my Amazon store. Or get the Young Turks series (3 books until I can get YTP republished). Where are those corporate sponsors? Or throw donations at me, my camera dive case flooded, and I need a new replacement. Heck, if you want to send me a Canon 5D Mk III plus dive case, I will not say no.
Food choice of the week? The nostalgic food stall, near your parents home. McD Bangsar Baru does not count.
Seeing that Joe Dever has passed away, 
Flight from the Dark (Lone Wolf, Book 1)
Leave a Comment » | Malaysia, oil and gas | Permalink
Posted by Wata
My technical division will be hosting a 2 day course on the 26th and 27th April, 2017. It is worth 13 CPD points, and held at Wisma IEM. The course will be presented by Ir. Elias Musa.
Synopsis This practical course will provide the participants the required skills, tools, knowledge, attitude and the competencies needed to manage the design and the construction of a process plant or facilities.
• Introduction to Project Management for Chemical Engineers
• Overview of Plant Project and Basic Process Design Element for Chemical Engineers
• Planning Engineering Work, managing Schedule, Cost, Quality and Resource
• Coordinating Engineering Work and Conceptual Engineering Design
• Detail Engineering design, Invitation To Bid and Contract matters
• Project Management Organization, Progress Measurement and Reporting
• Procurement of Long Lead Items and Bulks
• Construction – Process Equipment, Piping, Instrumentation etc
• Pre-commissioning and Mechanical Acceptance, Commissioning and Initial Startup
• Project Handover and Warranty
Ir. Elias Musa earned a Bachelor of Engineering degree in Chemical Engineering in 1977, with MS and MBA as well as a certified Project management Professional with PMI (USA), and has over 30 years of experience in plant /facilities project development in Oil & Gas Industry, including offshore and onshore production facilities, pipeline and gas processing plant GPP and LNG. He has worked for clients as well as International design consultants.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: CETD, elias musa, IEM | Permalink
Posted by Wata
Dateline 2017-02-22, Seatrade Maritime News:
Malaysia’s oil and gas (O&G) industry needs still more consolidation and preference will be given to those that invest in assets, local media quoted national oil company Petroliam Nasional (Petronas) president and chief executive Wan Zulkiflee Wan Ariffin as saying.
Repeating his comparison between Norway’s O&G sector and Malaysia’s he noted that there is still a long way to go before Malaysia reaches efficient levels.Between the two countries, which have similar-sized deposits, Petronas has about 3,700 registered contractors while Norwayhas just around 700 players in its O&G sector.
Wan Zulkiflee pointed out that among the 3,700 were agents who did not invest in O&G assets and were reaping handsome profits.
“Imagine a commission of just 1% for the kind of contracts that we award. It runs into a big sum for the agents. We want to only help those who have invested in their assets and grown their expertise,” he said.
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Posted by Wata
EPMI engineers never forget.
Leave a Comment » | oil and gas | Tagged: Exxon Valdez, Prince William Sound | Permalink
Posted by Wata
My technical division will be hosting a 1 day course on the 2nd May 2017. It is worth 6.5 CPD points, and held at Wisma IEM. The course will be presented by Ir. Anwar Ahmad. Process engineers, can you please attend?
During this Shell and Tube Heat Exchanger Thermal Design course, there will be overview on the thermal design for designing shell and tube heat exchanger by considering design, operational, and maintenance perspective. The design of the heat exchanger is extremely important, as it is the key element of a heat-exchanged system. This is not only on the desired temperature to achieve during operation but also when considering the optimum design prior procuring an exchanger. Furthermore, properly designed heat exchanger can reduce the turn-down time for maintenance as no frequent cleaning is required while operating the plant or platform. Technologies involved in this thermal technology will be discussed during the workshop to highlight the importance and advantages when designing and operating shell and tube heat exchanger (STHE).
Ir. Anwar Ahmad is a registered Professional Engineer with Board of Engineer (BEM), Corporate Member with Institute of Engineers, Malaysia (IEM), Corporate Member with Institute of Chemical Engineers, UK (IChemE), Chartered Engineer from Engineering Council, UK with more than twelve (12) years experiences in process engineering in oil and gas industry, mainly in design with engineering firm and operation for technical support during turn around. He started his career in fabrication yard with Sime Darby Engineering as graduate process engineer supported pre-commissioning team. Later he joined Petronas as process engineer and his responsibility was to provide technical support to OPUs throughout Petronas. One of his major assignment besides projects assigned was support one of the refinery during turn around. During this support, he had vast experience on operational issues that had been implemented in design stage when he joined engineering firms later. He then joined engineering firms (Technip, Ranhill WorleyParsons, etc) based on project basis to execute any project varies from conceptual study, pre-FEED, FEED, detailed design, and EPCC. His role when execution projects are mainly responsible to carry out detailed process engineering tasks such as development of PFDs, UFDs, P&IDs, heat and material balance (process simulation), equipment sizing, relief and blowdown analysis, and hydraulic calculations. Also involved in various safety review such as Process Safeguarding Diagram, HAZOP, and SIL workshop. Experienced in process simulations (Hysys, PetroSim, and VMGSim/iCON), heat exchanger rating software (HTRI), flare network backpressure software (FlareNet/Aspen Flare System Analyzer), and flare radiation study software (FlareSim). Familiar and experienced in using oil and gas industry standards (API, ASTM, etc.) and company standards such as Petronas’ PTS, Shell’s DEP and Iranian Petroleum Standard. Familiar with Exxon’s DIM. He’s currently freelance process engineer attached to engineering firms based requirement basis when executing projects and also execute projects remotely if required.
Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: anwar ahmad, IEM | Permalink
Posted by Wata
Can you feed me this well, when you invite IGL to conduct your HAZOPs/HAZIDs/SILs?
Leave a Comment » | Safety | Permalink
Posted by Wata
Paypal donations accepted.
Wata - Malaysian Oil and Gas Engineer 