Upstream evaluation: Trio eyes potential onshore Malaysia

November 17, 2022

Who the heck is Big Oil Ventures?

Dateline 2022-09-07, Upstream Online:

UK independent Upland Resources, Malaysia’s Big Oil Ventures (BOV) and state government-owned Petroleum Sarawak (Petros) have teamed up to study the hydrocarbon potential of Block SK 334 onshore Sarawak, East Malaysia.

The trio have signed a joint technical study agreement for the approximate 6685-square kilometre tract in the north of the state, with the work being performed by Upland and BOV.

Upland confirmed that the main objectives of the joint technical study are to de-risk the petroleum system elements and improve understanding of the prospectivity in Block SK334, as well as assess the hydrocarbon potential of Block SK 334, delineate prospective areas and identify leads and prospects.

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Shell, Petronas to develop Rosmari-Marjoram gas fields off Malaysia

November 16, 2022

Dateline 2022-09-05, Reuters:

Shell Plc (SHEL.L) on Monday said it would invest with Malaysian state oil firm Petronas to develop the Rosmari-Marjoram gas fields in the Southeast Asian country’s waters.

The Rosmari-Marjoram fields are situated 220 km (136.7 miles) off the coast of Bintulu in the Malaysian state of Sarawak.

The project is designed to produce 800 million standard cubic feet of gas per day, with gas production expected to start in 2026, Shell said in a statement.

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M’sian companies working on Kasawari gas project among targets of Beijing-backed hackers — research

November 15, 2022

Totally from left field.

Dateline 2022-08-31, The Edge:

Malaysian companies working on the Kasawari gas project in the South China Sea were among the targets of cyberattacks by Beijing-backed hackers.

Citing new research from cybersecurity firm Proofpoint and consulting firm PwC, energy portal Oilprice.com on Tuesday (Aug 30) said hacking group Red Ladon, also known as TA423, is using a simple phishing scam to attack politically significant targets in Europe and the Asia-Pacific region, including defence contractors, infrastructure, and law firms involved in diplomatic disputes.

The scam sees victims lured in by fake news websites that infect targets’ computers with malicious software, called ScanBox, that lets hackers gather information for reconnaissance purposes.

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Govt giving more attention to renewable energy, says PM

November 14, 2022

Dateline 2022-08-29, FMT:

Putrajaya will be implementing a programme aimed at improving the nation’s electricity supply system as part of efforts to transition to renewable energy (RE), says Prime Minister Ismail Sabri Yaakob.

The government has approved an allocation for the distribution of 1,200 megawatts (MW) of RE for solar power, he said.

This will include the installation of solar panels on the roofs of government buildings, Bernama reported.

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Nuclear energy the way to go?

November 11, 2022

Dateline 2022-08-26, The Sun Daily:

MALAYSIA’S response to climate change underpins our international commitments – previously through the Kyoto Protocol 1997 (ratified in 2002), which expired in 2020, and thereafter the now legally binding Paris Agreement 2015 (ratified in 2016), which requires concerted policy focus and action from signatories to ensure the fulfilment of the set objectives and national obligations.

Prime Minister Datuk Seri Ismail Sabri Yaakob stated that the government will continue to uphold Malaysia’s pledge to cut the greenhouse gas (GHG) emissions intensity of the gross domestic product (GDP) by 45% in 2030, even as the country’s contribution is less than 0.7%.

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Petronas negotiations realign acreage in Malaysia-Thailand Joint Development Area

November 10, 2022

Dateline 2022-08-25, Upstream Online:

Malaysia’s national upstream company Petronas Carigali has wrapped up negotiations with Malaysia-Thailand Joint Authority (MTJA)that see acreages rejigged and the company commit to delivering increased volumes of gas to both Asean neighbours.

Petronas and the MTJA have reached an agreement and have received the relevant approvals from the Malaysian and Thai governments to annex the Block B-17 and Block C-19 production sharing contracts and Block B-17-02 (Open Area) into the Block B-17-01 PSC.

Block B-17-01 PSC comes with a 10-year production period extension until 2039, under the terms of the annexation agreement.

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Petronas plans Phase 2 water injection support at South Furious offshore Sabah

November 9, 2022

Dateline 2022-08-25, Offshore:

Petronas has approved the South Furious 30 Water Flood Phase 2 project in the North Sabah production sharing contract offshore Malaysia, according to partner Hibiscus Energy.

This involves drilling of six water injectors and five oil infill wells at the South Furious 30 Field, the aims being to increase production and reserves recovery via pressure support from water injection and sweep into existing and new oil producers.

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Petronas to provide natural gas to Sarawak Petchem and Sarawak Energy

November 8, 2022

Dateline 2022-10-23, Offshore Energy:

On 23 August 2022, Petronas informed it kicked off the development of a gas delivery facility at Tanjung Kidurong, Bintulu, that will, from next year, supply natural gas to SPSB and SEB.

The Bintulu Additional Gas Sales Facility (BAGSF-2) is designed with a capacity to deliver up to 390 million standard cubic feet of gas per day (MMscfd).

The facility will deliver 160 MMscfd of LNG to a Sarawak Government-owned methanol plant, which will be operated by SPSB. The methanol plant is currently under construction at Tanjung Kidurong. Another 70 MMscfd will be supplied to Sarawak Energy Bhd’s Tanjung Kidurong Power plant. The remaining capacity will allow the facility to supply future customers.

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2 O&G firms yet to pay Sabah RM97mil in SST

November 7, 2022

Dateline 2022-08-18, FMT:

Two oil and gas firms have yet to pay the RM97 million in state sales and service tax (SST) on petroleum products owed to Sabah, says the state’s second finance minister Masidi Manjun.

According to The Borneo Post, the two firms are Repsol Oil and Gas Ltd and SEA Hibiscus Sdn Bhd. Masidi reportedly said there was no problem with the other oil and gas companies operating in Sabah as they had been paying the SST on time.

He added that Sabah would be able to rake in RM1.2 billion annually if all of the firms had paid the SST on time.

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Malaysia at 23% renewable energy installation to date, aims to hit 40% by 2035 — deputy minister

November 4, 2022

Dateline 2022-09-16, The Edge:

Malaysia has reached 23% installation of renewable energy (RE), and is planning to hit 40% by 2035.

Deputy Energy and Natural Resources Minister Datuk Ali Biju said the transition of Malaysia’s electricity supply system towards a low-carbon energy system is outlined in the Malaysia Renewable Energy Roadmap, which focuses on increasing the share of four key RE resources, namely solar, biomass, biogas and hydro, through a balanced yet sustainable approach.

He said the push for the energy transition had become much stronger over the past few years.

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