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My technical division will be hosting a talk on the 18th May, 2016. It is worth 2 CPD points, and held at Wisma IEM. The talk will be presented by Ir. Razak Yakob. Please come, or I’ll be beaten up in a dark alley.
In order to sustain the local production EOR is one of the major agenda in our Economic Transformation Program. It is one of the 13 Entry Points Project that supports the Oil, Gas and Energy NKEA (National Key Economic Areas). Even with the high recovery factor, EOR is still a very challenging program to be implemented in Malaysia due to the offshore environment, formation characteristics, high investment cost, and expertise availability. This talk shall focus on sharing the knowledge of what EOR is and the challenges of implementing it in Malaysia.
Ir. Razak Yakob was the Well Delivery Manager for the Enhanced Oil Recovery Centre (EORC) in 2012/2013. He was also the Senior Drilling Engineer for a Risk Service Contract Project in 2014/2015. Razak has been in the oil and gas industry for 19 years working for companies such as ExxonMobil, Halliburton, Talisman Energy, Petronas Carigali and EQ Petroleum/Uzma Engineering.
His core expertise is in Drilling Engineering with the working experiences spanning from development and exploration, technical support, training, competency development, finance and consultancy. As an independent consultant, he has worked in many parts of the world. He was a graduate of Colorado School of Mines in the United States with a degree majoring in Petroleum Engineering and a minor in Mechanical Design.
Happy Visit Banjarmasin week. 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.
Support your local bookshop! Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!
Food choice of the week? Any weight loss diet.
Let’s get a bit nostalgic with the book selection.
Wetter, Louder, Stickier: A Baby Blues Collection (Baby Blues Scrapbook), BBXX: Baby Blues: Decades 1 & 2, Bedlam
Dateline 2016-03-30, The Star:
Shell MDS Sdn Bhd (SMDS) and Universiti Malaysia Sarawak (Unimas) have once again strengthened their ties through the signing of a Memorandum of Understanding (MoU) for research and talent development.
Unimas vice-chancellor Prof Datuk Dr Mohd Kadim Suaidi said Unimas placed important focus in the oil and gas industry because it produced graduates from that industry.
“We produce research product or activities from oil and gas industry, therefore we need an industry partner to look at all these things together with us. We have established an industry and community engagement office which focuses on industry engagement. The collaboration with SMDS is something that I look forward to,” he said during the MoU signing ceremony at Wisma Bapa Malaysia.
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Now, will they move back to Singapore once prices recover? Is the rakyat paying for incentives to entice companies with more loyalty to their wallets then long term benefits to the Golden Chersonese?
Dateline 2016-03-27, FT.com:
Multinational oil services companies are pulling staff out of Singapore and relocating to neighbouring Malaysia to cut costs, in a further sign of the damage being inflicted on the city-state by the crude price slump.
Businesses that have relocated to the Malaysian capital of Kuala Lumpur over recent months include McDermott, Technip, and Subsea 7.
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Old news, but hey…
Dateline 2016-03-25, Straits Times:
Former Malaysian Prime Minister Tun Abdullah Ahmad Badawi has been endorsed by the Cabinet as the new adviser to state oil and gas company Petronas, Premier Najib Tun Razak announced on Friday (March 25), replacing another former premier Tun Dr Mahathir Mohamad whose services were terminated earlier this month.
Tun Abdullah’s appointment is effective April 1, Malaysia media reported.
“The decision to terminate the appointment of Tun Dr Mahathir Mohamad was made by the Cabinet since he was no longer supporting the present government, especially with the launch of ‘Deklarasi Rakyat’ (Citizen’s Declaration) together with opposition leaders,” Najib said in a statement reported by state news agency Bernama.
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If you want to buy IGL for 3 times its projected sales, be my guest.
Dateline 2016-03-26, Borneo Post:
A large chunk of major players in the oil and gas (O&G) industry have accepted the new norm of low oil prices whereby exuberance is no longer tolerable and are taking multiple initiatives to optimise their cost structures.
According to Hong Leong Investment Bank Bhd (HLIB Research) this comes amidst calls for further consolidation in the industry.
“To put it into perspective, there are 3,000 O&G companies registered in Malaysia while Norway, with similar production volume, has only about 700 registered companies, pointing to ample room for companies in Malaysia to consolidate,” it detailled in a report yesterday.
To put things in perspective, Petronas has launched Coral 2.0 initiative to save costs and improve efficiencies. Schlumberger, on the other hand, has looked at further optimisation in its business involving reduction of Non Performing Time (NPT) through widening scope of work on per staff basis.
…
My technical division will be hosting a talk on the 18th May, 2016. It is worth 2 CPD points, and held at Wisma IEM. The talk will be presented by Ir. Razak Yakob. Please come, or I’ll be beaten up in a dark alley.
In order to sustain the local production EOR is one of the major agenda in our Economic Transformation Program. It is one of the 13 Entry Points Project that supports the Oil, Gas and Energy NKEA (National Key Economic Areas). Even with the high recovery factor, EOR is still a very challenging program to be implemented in Malaysia due to the offshore environment, formation characteristics, high investment cost, and expertise availability. This talk shall focus on sharing the knowledge of what EOR is and the challenges of implementing it in Malaysia.
Ir. Razak Yakob was the Well Delivery Manager for the Enhanced Oil Recovery Centre (EORC) in 2012/2013. He was also the Senior Drilling Engineer for a Risk Service Contract Project in 2014/2015. Razak has been in the oil and gas industry for 19 years working for companies such as ExxonMobil, Halliburton, Talisman Energy, Petronas Carigali and EQ Petroleum/Uzma Engineering.
His core expertise is in Drilling Engineering with the working experiences spanning from development and exploration, technical support, training, competency development, finance and consultancy. As an independent consultant, he has worked in many parts of the world. He was a graduate of Colorado School of Mines in the United States with a degree majoring in Petroleum Engineering and a minor in Mechanical Design.
Happy FSA week. 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.
Support your local bookshop! Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!
Food choice of the week? Any weight loss diet.
Let’s get a bit nostalgic with the book selection.
Wetter, Louder, Stickier: A Baby Blues Collection (Baby Blues Scrapbook), BBXX: Baby Blues: Decades 1 & 2, Bedlam