Sona Petroleum signs SPA with UK-listed Salamander

October 3, 2014

Dateline 2014-07-22, The Malaysian Reserve:

Sona Petroleum Bhd is a step closer to concluding its maiden oil and gas (O&G) asset acquisition before year end after signing the Sale and Purchase Agreement (SPA) with UK listed Salamander Energy plc and Salamander Energy (Bualuang) Ltd (SEBG) for the purchase of a share in a brownfield asset off Thailand.

The SPA in relation to the proposed acquisition of shares of SEBG would give Sona 40% effective interest in SEBG’s Thai O&G blocks of B8/38 and G4/50, at a cost of of US$281.2 million (RM893.09 million) to Sona with the additional US$1.2 million representing 66.67% of the agreed net working capital amount in SEBG as at Jan 1, 2014.

Sona will do the deal via its wholly owned unit Sona Exploration and Production (Thailand) Ltd.

The acquisition will be funded with US$141.2 million cash raised from initial public offering in July 2013, and a bridging loan of US$140 million from BNP Paribas and the RHB Banking Group.

…

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Posted by Wata

Why Oil and Gas in the South China Sea Won’t Be Developed

October 2, 2014

Link bait. And interesting.

Dateline 2014-07-18:

The South China Sea has enormous potential for oil and gas reserves but territorial conflict will likely hold it back for years to come.

On July 16, the China National Petroleum Corporation (CNPC) decided to remove its oil rig from contested waters, stating that its exploration mission was completed after finding “sings of oil and gas.”

While moving the rig out of waters claimed by both China and Vietnam could cool tensions, the intractable dispute over territory is holding back what could be massive investment in oil and gas exploration.

The Wall Street Journal reported on several major international oil companies that are steering clear of the South China Sea because of the conflict, despite the potentially huge reserves of oil and gas in its waters.

…

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Posted by Wata

IEM Shout Out – AGM and Talk on Palm Oil Refinery Project-Sharing Of Experience

October 2, 2014

This is a shout out for the IEM. My Technical Division will hosting the AGM and talk by Ir. Wong Seong on the 11th  October, 2014 at 9am.

Design of Physical Refining Plant entails application of chemical engineering principles such as momentum, mass and heat transfer. Project design and execution span across other disciplines like civil and structural, mechanical and electrical engineering. The speaker shares experience in process and engineering design for equipment and selection.

Ir. Wong Seong graduated with Bachelor’s Degree in Chemical Engineering from Nanyang University in 1968. He worked as engineer with Lam Soon Oil  and Soap Sdn Bhd. Later, he joined Alfa Laval Far East Sdn Bhd before founding Oiltek Sdn Bhd; the first local process engineering company in Malaysia. He retired from the company in September 2012.

You may register for the event here, and download the flyer here.

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Posted by Wata

Murphy Oil’s Malaysia assets draw interest from Mitsubishi, ONGC

October 1, 2014

Do you remember the Zero?

Dateline 2014-07-17, Business Standard:

Top Japanese trading house Mitsubishi Corp has submitted a non-binding bid to buy Murphy Oil Corp’s Malaysian oil and gas assets valued at about $2.5 billion, a person familiar with the matter told Reuters.

India’s state-owned Oil & Natural Gas Corp and Oil India Ltd are among the other suitors preparing to submit bids for the Murphy assets, separate sources with direct knowledge of the process said.

…

 

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Posted by Wata

BEM – Roadshow 2014 2015

September 30, 2014

Roll up, roll up! The BEM has a new roadshow. Cotton candy and scary clowns not supplied.

The Board of Engineers Malaysia will be organising a 2014-2015 Roadshow commencing September 2014 at the following locations:

DATE LOCATION
29 SEPTEMBER 2014 KUALA LUMPUR
20 OCTOBER 2014 PULAU PINANG
24 NOVEMBER 2014 JOHOR BAHRU
2015 KOTA BHARU
2015 KOTA KINABALU
2015 MELAKA
2015 KUCHING
2015 MIRI
2015 KUANTAN
2015 IPOH
2015 PETALING JAYA

The objective of the Roadshow is to highlight the amendments to the Registration of Engineers Act, educate and update engineers on the role, responsibilities and accountabilities of Professional Engineers in the Construction Industry and to comply strictly with acts, regulations, policies, circulars, codes and specifications governing the profession.Click HERE for further details.

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Posted by Wata

IEM Shout Out – Pressure Vessel Inspection: API 510 and FMA 1967 Requirements

September 30, 2014

This is a shout out for the IEM. My Technical Division will hosting the talk by Ir. Mursyidi Mohammad on the 14th  October, 2014 at 5.30pm.

The talk will provide an overview of a Pressure Vessel in terms of its design, operation, maintenance and inspection. The major emphasis of the talk will be on the main components of “API 510 Pressure Vessel Inspection Code: In-Service Inspection, Rating, Repair and Alteration”. The speaker will also share his personal experience on pressure vessel inspection in ensuring the integrity and reliability of the equipment or a Plant to meet the Statutory requirement according to the Factory and Machinery Act 1967.

Ir. Mursyidi Mohammad, a certified API 510 Pressure Vessel Inspector, is currently a Principal Consultant and Trainer at Ipetro Services Sdn Bhd. Prior to his current role, he was a Senior Engineer at PETRONAS Penapisan (Melaka) Sdn Bhd.

You may register for the event here, and download the flyer here.

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Posted by Wata

MOSGEC 2014 – Welcoming Speech Transcript

September 29, 2014

To the young reporter I coshed over the head to get this transcript, my apologies. The dent will disappear, I promise.

Among the linkbait in this transcript:

The oil, gas and energy sector has long been a pillar of our country’s economy, contributing about 30% of the country’s Gross Domestic Product (GDP) and approximately 40 percent of the country’s revenue. It has been identified as one of the key thrusts in Malaysia’s journey to transform Malaysia into a high-income nation, under the Prime Minister’s Economic Transformation Programme (ETP).

…

At present, Malaysia (as at 01 January 2013) has approximately 22.2 billion barrels oil equivalent of oil and gas reserves. We are also the third largest gas reserves holder in the Asia Pacific Region (behind China and Indonesia) and ranked 15 among the world’s holder of the natural gas reserves.

…

The first application of EOR technology is now being implemented at the Tapis oil field, offshore Terengganu. (Wasn’t this supposed to be Angsi?)

…

To make some money, I have published the transcript here or here. Please buy a copy, so that I can afford to polish my Volvo 244 once every quarter.

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Posted by Wata

Saturday Star 2014-09-27 – Job Opportunities

September 29, 2014

Talbiyah (from 123muslim.com)

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 need RM360 to get The Star ePaper. Or go to Hajj, whichever you prefer.

  • I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
  • Nothing in the papers this week. With all the layoffs I heard, that is no surprise. Can I buy a lead process engineer for RM40/hr?

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.

Need some new management techniques. How about these books?

The Dilbert Principle: A Cubicle’s-Eye View of Bosses, Meetings, Management Fads & Other Workplace Afflictions, Dogbert’s Top Secret Management Handbook, Dilbert and the Way of the Weasel

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MOGEC Shout Out – Full-Day HAZOP Training For Team Members – A Practical Approach

September 28, 2014

MOGEC will be hosting a 1 day course (our first in my memory) on the 28th October, 2014. It is worth 6.5 CPD points, and held at Saloma Bistro. Since I’m giving it, I expect hoards will have to be turned away at the gates.

A Hazard and Operability study is a formal and systematic and detailed examination of the process and engineering intentions of new or existing facilities which assesses the hazard potential and effects on the facility as a whole when operation is outside of the design envelope, or individual items of equipment malfunction.

At the end of the session, the participants should:

  • Understand the responsibilities of all parties in the HAZOP
  • Have experience in a HAZOP session.
  • Understand the outcomes from a HAZOP session

download the form here.

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Posted by Wata

IEM Shout Out – Full-Day HAZOP Training For Team Members – A Practical Approach

September 28, 2014

My technical division will be hosting a 1 day seminar on the 20th November, 2014. It is worth 6.5 CPD points, and held at Wisma IEM. Since I’m giving it, I expect hoards will have to be turned away at the gates. And it’s a big room, so I need to fill the seats.

A Hazard and Operability study is a formal and systematic and detailed examination of the process and engineering intentions of new or existing facilities which assesses the hazard potential and effects on the facility as a whole when operation is outside of the design envelope, or individual items of equipment malfunction.

This course is designed to educate participants in the HAZOP process from the perspective of a HAZOP team member. It is meant to provide both instruction and workshop sessions so that the participants:

  • Are familiar with the concept of ‘risk’
  • Are familiar with the theory behind HAZOP
  • Are familiar with the actual HAZOP workshop process
  • Have expectations as to what the HAZOP will (and won’t provide)
  • Understand what deliverables can be expected from a HAZOP
  • Have the opportunity to participate in HAZOP exercise in a safe environment
  • Opportunity to share HAZOP experiences

At the end of the session, the participants should:

  • Understand the responsibilities of all parties in the HAZOP
  • Have experience in a HAZOP session.
  • Understand the outcomes from a HAZOP session

Wata has 19 years of experience in the oil and gas industry, in both design and operations.

Register here, or download the form here.

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Posted by Wata

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