MALAYSIA ENERGY PROFILE: SECOND-LARGEST OIL AND NATURAL GAS PRODUCER IN SOUTHEAST ASIA – ANALYSIS

December 7, 2014

Dateline 2014-09-30, Eurasia Review:

Malaysia’s energy industry is a critical sector of growth for the entire economy, and it makes up almost 20% of the total gross domestic product. New tax and investment incentives, starting in 2010, aim to promote oil and natural gas exploration and development in the country’s deepwater and marginal fields as well as promote energy efficiency measures and use of alternative energy sources. These fiscal incentives are part of the country’s economic transformation program to leverage its resources and geographic location to be one of Asia’s top energy players by 2020. Another key pillar in Malaysia’s energy strategy is to become a regional oil and natural gas storage, trading, and development hub that will attract technical expertise and downstream services that can compete in Asia.

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Extract from “The Will to Compete” – The Recruitment Drive

December 6, 2014

Thanks to you, the readers, I have sold out of Young Turks (plus my own personal autographed copy, anyone want to send that back to me?)

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PETRONAS Board began its headhunting and recruiting in November 1974. Senior Officers and Management Trainees report for duty as early as December 1974. These officers were left to fend for themselves. The only guideline they could get was the speech delivered by th DYMM Yang Di Pertuan Agong when the Malaysian King introduced the Petroleum Development Act 1944 for debate in the Malaysian Parliament.

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Visit here and buy books so I have some spending money.

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Kelantan losing out from ambiguities in Petroleum Act

December 6, 2014

Dateline 2014-09-27, FMT:

Oil and gas expert Anas Alam Faizli said ambiguities in the Petroleum Development Act of 1974 (PDA) must be sorted out, as different parties were interpreting it differently.

Speaking to FMT, Anas said, “There are now a host of different interpretations and ambiguities in relation to what documents can be applied to resolve the issue which is the main cause of concern. If this is not addressed there will be no end to this.

Anas said this in regard to Kelantan’s oil royalty dispute in which one party claimed there was no need for royalty payments to Kelantan.

Explaining it in greater detail, Anas said, ”Others may argue, that the Assignment Deed, and the Vesting Grant 1975/1976 supersedes the law, which then conflicts with views by other experts who may interpret it differently based on their perspective of the Federal Constitution or the Petroleum Act.”

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This Is Only The 3rd Oil Project Of Its Kind, Ever

December 5, 2014

Dateline 2014-09-25, Oilprice.com:

The petroleum world witnessed a historic event this week. With a new type of oil production project becoming operational for just the third time in history.

That’s a type of operation known as a “risk service contract” or RSC. Which is becoming a go-to vehicle in Malaysia, for the development of that country’s offshore regime.

This month Malaysia’s state oil firm Petronas said that the Banang offshore oil field has gone to production under a risk service contract. Part of a larger field development known simply as the “KBM” cluster. A project that was being advanced by U.S. outfit Coastal Energy, which was purchased last year by the government of Abu Dhabi.

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IEM Shout Out – OGMTD 24th AGM

December 4, 2014

The Oil, Gas and Mining Technical Division AGM will be held at Wisma IEM C&S Lecture Room, Second Floor

It will be held at 11am on Saturday, 13th December 2013.

Register here, and download the flyer here. A map to Wisma IEM is presented here.

Since I’m the Advisor, come, y’all and heckle us. We also need a quorum, and need to vote in a new secretary / treasurer.

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MOGEC – HAZOP Course 2014-10

December 3, 2014

MOGEC conducted a HAZOP course at Saloma Bistro (yes, that isn’t a typo). Will you turn up to the next one? Or any of our events?

And you if you can’t see who attended:

HAZOP 2014-10 Group

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Anniversary – Bhopal Disaster

December 3, 2014

Chemical Engineers never forget.

Photos.

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Lundin Petroleum acquires interest in block offshore Malaysia

December 2, 2014

Did you know that the Oil & Gas Journal has been published  since 1902? Someone gift me a subscription. And who are E&P Malaysia Venture?

Dateline 2014-09-25:

Lundin Malaysia BV, a wholly owned unit of Lundin Petroleum AB, has entered into agreements to acquire 50% interest in PM328, and operatorship of the block, from Petronas Carigali. The effective date of the transaction Aug. 31.

PM328 lies offshore Malaysia, northeast of PM307, which is also operated by Lundin Malaysia. PM328 covers an area of 5,600 sq km.

The initial production-sharing contract term is for 3 years. Within the first 18 months, Lundin Malaysia has committed to undertake the acquisition of 600 sq km of 3D seismic. Lundin Malaysia then has the option to commit to drilling one well in the remaining 18 months, or elect to hand back its interests to Petronas without penalty.

The remaining interest in the block will be held by Petronas (40%) and E&P Malaysia Venture Sdn. Bhd. (10%).

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Saturday Star 2014-11-29 – Job Opportunities

December 1, 2014

Happy School Holidays. Buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). Where are those corporate sponsors? Or throw donations at me. I want to go for umrah.

  • I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
  • Carigali Hess is looking for a Senior Mechanical Engineer, Rotating Machinery Engineer. Send your exaggerations here,  with a detailed resume stating references, expected remuneration, contact telephone and email address, before 13th December, 2014.
  • I hear that Technip is still looking for project managers, senior project engineers, project engineers for Libra FPSO Project & Rapid. > 5 years experience. Send CVs to me, and a donation, and I’ll forward it on. Or save yourself some money, and send it to Technip directly.

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? How if you visit Vietnam, how about visiting and updating GoHalalVietnam! for your food needs. For your other needs, talk to your local tour guide/ concierge / man on the street.

How about some references to improve your health? I’ve been on this plan for about 12 weeks. Muscles have moved from buttery to rubbery.

You Are Your Own Gym: The Bible of Bodyweight Exercises, Body by You: The You Are Your Own Gym Guide to Total Women’s Fitness, 100 No-Equipment Workouts

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Top Talents Meet At Oil & Gas Exhibition (MOGSEC 2014)

November 30, 2014

Dateline 2014-09-26, MalaysiaDigest:

An initiative by the Malaysia Petroleum Resources Corporation (MPRC) to set up a University Pavilion at an oil and gas event to promote direct industry-academia discussion was a success with the participation of six local universities.

This pavilion was well patronised at the three-day Second Malaysia Oil and Gas Services Exhibition and Conference (MOGSEC 2014) which ended on Thursday at the Kuala Lumpur Convention Centre. The event saw hundreds of top executives, including those in charge of recruitment and human capital management, checking out the many booths and display areas.

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