Malaysia: PETRONAS signs new Discovered Resource Opportunities PSCs

March 20, 2023

Dateline 2023-01-18, Energy Pedia:

PETRONAS has signed Production Sharing Contracts (PSCs) for three clusters of Discovered Resource Opportunities (DRO) marketed under the Malaysia Bid Round (MBR) 2022.

The A Cluster was awarded to Ping Petroleum and Petroleum Sarawak Exploration & Production (PSEP), while Dialog Resources and PSEP won the bid for the Baram Junior Cluster. Both clusters are located off the coast of Sarawak.

Ping Petroleum wins first Malaysia oil and gas PSCs

March 17, 2023

Dateline 2023-01-18, Energy Voice:

Petronas has awarded Ping Petroleum two production sharing contracts (PSCs) for discovered oil and gas resources in Malaysia marking the company’s debut in its home country.

The first PSC is for the development and production of oil and gas resources in the Meranti cluster located 80 km offshore Kuala Terengganu. Ping Petroleum is the operator of the Meranti Cluster with 60% participating interest, while Duta Marine holds the remaining 40%.

Malaysia awards three oil, gas production-sharing deals

March 16, 2023

Dateline 2023-01-18, Argus Media:

Malaysia’s state-owned Petronas has awarded three oil and gas production-sharing contracts under its 2022 bidding round, as it looks to maximise the value of the country’s oil and gas resources.

The contracts, awarded under the Malaysia Bid Round (MBR) 2022, are for three clusters of discovered resource opportunities, Petronas said on 17 January. The A and Baram Junior clusters are located off the coast of Sarawak, Malaysia’s biggest oil-producing state, while the Meranti cluster is offshore peninsular Malaysia.

Kuala Lumpur oil and gas exec claims trial to 43 counts of graft

March 15, 2023

Not bad.

Dateline 2023-01-04, The Star:

A former construction executive at Petronas Carigali Sdn Bhd (PCSB) has claimed trial at two separate Sessions Courts here to 43 counts of receiving bribes and money laundering amounting to more than RM6.1mil.

At the first court, 36-year-old Mohd Amal M. Razalan pleaded not guilty after 37 charges were read out before Sessions Court judge Rozina Ayob here on Wednesday (Jan 4).

It took about an hour for the court interpreter to read the charges under Section 16(a) (A) of the Malaysian Anti-Corruption Commission (MACC) Act 2009.

PTTEP finds more gas offshore Sarawak

March 14, 2023

Dateline 2023-01-5, Offshore:

PTTEP HK Offshore has discovered sweet gas off Sarawak with the Paprika-1 well in Block SK410B.

Drilling started last July, with the well reaching a total depth of 3,348 m after encountering gas pay in clastic reservoirs.

The company and partners KUFPEC and Petronas Carigali previously proved gas in the Lang Lebah structure on the same block.

Petra Energy Continues Banang Offshore Field Ops for Petronas

March 13, 2023

Dateline 2023-01-03, Offshore Engineer:

Petra Energy Berhad has secured a contract extension with Petronas for production, operation, and maintenance services at the Banang offshore oil field. The agreement runs until August 6, 2024.

Its scope under the extension includes the provision of production, storage, and offloading facilities; well and reservoir surveillance; production planning and forecasting; routine operations and maintenance; logistics; and inventory and warehousing. Financial details were not disclosed.

A Request- Donations for Ramadhan 2023

March 10, 2023

Zayd ibn Khalid reported: The Messenger of Allah, peace and blessings be upon him, said, “Whoever helps break the fast of a fasting person, he will have the same reward as him without decreasing anything from the reward of the fasting person.” (al-Tirmidhi)

Please give generously before and during this fasting month. If you need a cause to support, I have one.

My parents are involved with Rumah Seri Kenangan Cheras, a senior citizen care center. It has the stated objective of “Memberi jagaan, rawatan dan perlindungan kepada warga emas yang daif demi menjamin kesejahteraan dan kualiti hidup mereka.” (unofficial translation: provide care, treatment and shelter for impoverished senior citizens to guarantee their quality of life). This year, they are looking for donations to give the residents cheer by providing them an additional something for breaking fast. For 29 days, for 220 residents, at least RM4180 is requested. This ends up being RM0.65 per resident per day.

They (and I) look forward to you giving generously. May I suggest the value of lunches you give up during Ramadhan, or your daily shot of caffeine?

Reference to the home can be seen at,,

At the time of writing, I don’t have their banking details yet. If you believe that, in this at least, I am trustworthy, you can pass the donation to me. I may match one to one donation as well.

Another year of uncertainty ahead for O&G sector

March 10, 2023

Didn’t I publish a previous article about being upbeat?

Dateline 2023-01-03, Malaysian Reserve:

THE oil and gas (O&G) sector is expected to run into twin headwinds this year, characterised by the volatility in the energy market and the slowdown of the global economy.

Oil prices were steady and closed higher last Friday, ending 2022 on a gain despite concerns due to weakening demand from top crude importer China and the growing risk of a global recession. This marked a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and China’s lockdowns.

One bright spot for Malaysia is Petroleum Nasional Bhd (Petronas) and the overall positive sentiment towards

its activities for 2023-2025, as well as the national oil giant’s third-quarter net profit which almost doubled to RM30.8 billion from the RM16.3 billion reported in 2021.

Targeted fuel subsidy mechanism ready soon, to use engine capacity data from JPJ – KPDN minister

March 9, 2023

Dateline 2022-12-27, Paul Tan:

Vehicle engine capacity data from the road transport department (JPJ) will be among the resources used by the Malaysian government in the creation of the targeted fuel subsidy mechanism in order to determine which users are eligible for the future targeted fuel subsidy which is almost ready, reported Bernama.

According to domestic trade and cost of living minister Datuk Seri Salahuddin Ayub, the ministry has discussed the matter with the ministry of finance, the economy minister Rafizi Ramli and the JPJ, according to the report.

“In terms of the data, they are almost ready to be forwarded to the prime minister on how we can implement this targeted subsidy,” Salahuddin said, adding that the JPJ database can identify those who are eligible for the targeted subsidy based on the engine capacity of the vehicle they own.

Sabah’s first near-shore LNG development reaches final investment decision

March 8, 2023

Dateline 2022-12-27, The Edge:

Petroliam Nasional Bhd (Petronas) has reached the final investment decision (FID) for a near-shore liquefied natural gas (LNG) facility in Sabah.

The engineering, procurement, construction and commissioning (EPCC) contract for the project was awarded to the winner of the dual-front-end engineering design competition in October last year.

Sabah Chief Minister Datuk Seri Hajiji Noor said the LNG project is a step in the right direction, as the state government continues to pursue more deals to get additional revenue via equity participation for Sabah.