Malaysia’s probable and proven petroleum reserves at 6.9 billion barrels, about 61% in Sarawak, says Azalina

May 24, 2023

Dateline 2023-02-15, The Bono:

Malaysia’s probable and proven reserves of petroleum, which is indicated as its 2P reserves, totalled 6.9 billion barrels of oil equivalent (boe), of which 4.2 billion boe are in Sarawak, followed by 1.3 billion boe in Sabah.

Generally, 2P reserves have a more than 50% chance of being technically and economically possible to be produced.

The country’s petroleum reserves could last 15 years based on the reserves life index calculation, according to Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.

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May 23, 2023

Under tow: Borr Drilling’s jack-up rig Gunnlod.Photo: BORR DRILLING

PTTEP appraising Malaysian discovery, eyes cluster development

Dateline 2023-02-07, Upstream:

Thailand’s national upstream company PTTEP has spudded the latest in a string of keenly watched exploration and appraisal wells offshore Malaysia where it is hoping to continue its success of late with the drill bit, firming up more hydrocarbons for a proposed cluster development.

Borr Drilling’s rig Gunnlod is drilling the Sirung-2 appraisal well located on Block SK 405B offshore Sarawak, East Malaysia.

The successful Sirung-1 wildcat that was spudded in January 2021 discovered both oil and gas.

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Malaysia faces ‘inconvenient truth’ on clean energy goals

April 17, 2023

Dateline 2023-02-03, NST:

Malaysian Chuan Zhen Ko’s passion for clean energy and climate change was first ignited by his university lecturers and watching the 2006 Oscar-winning documentary “An Inconvenient Truth”, starring former US Vice-President, Al Gore.

Ko, now 39, launched himself into a career in the renewables industry about 15 years ago, working on green projects in a dozen countries before returning home to the capital Kuala Lumpur.

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Malaysia Renewables Growth Hindered By Unrealistic Targets And Absence Of Robust Policies, Says Report

April 8, 2023

Dateline 2023-01-23, Solarquarter:

Malaysia has set a target to achieve 31% of its total power generation from renewables by 2025 and 40% by 2035. Both objectives are highly unrealistic, as only 3.3% of electricity is generated through renewables at present. As per the current growth trend, Malaysia is expected to achieve only 5.5% of its power generation through renewables by 2025 and 6.6% by 2035, due to the absence of robust policy support, states GlobalData, a leading data, and analytics company

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Petronas’ growing oil discoveries reflect strategy to expand upstream focus

March 21, 2023

Dateline 2023-01-23, S&P Global:

Robust oil prices had encouraged Petronas to pump funds into the upstream sector, helping the state-run firm to increase its hydrocarbon discoveries sharply in 2022, a sign that the Malaysian oil giant remains focused on traditional businesses while embracing a changing energy landscape.

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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.

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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%.

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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.

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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.

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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.

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