Exxon ropes in BAML to run sale of Malaysian oil and gas assets

December 9, 2019

Dateline 2019-10-10, Deal Street Asia:

Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said.

The Malaysian assets, which include stakes in two large fields, are expected to fetch up to $3 billion, the sources said.

Exxon is exploring a sale of its Malaysian oil-and-gas producing assets, among a number of other properties worldwide, confirmed spokeswoman Julie King.

Exxon considering Malaysian offshore asset sale

December 7, 2019

Dateline 2019-10-09, World Oil:

Exxon Mobil is considering a sale of its offshore Malaysia upstream assets as part of U.S. energy giant’s divestiture program, according to people with knowledge of the matter.

The company is working with an adviser on the potential sale of the Malaysian assets, which could raise about $2 billion to $3 billion, the people said, asking not to be identified because the matter is private.

PETRONAS Carves Role as a Pioneer in Southeast Asia’s Offshore EOR

January 31, 2016

Nice to see PETRONAS in the news, in a positive light. Kipidap! (that’s to annoy my children). Though on second reading… 2014?

Dateline 2015-01-29, Rigzone:

Southeast Asia’s largest offshore Enhanced Oil Recovery (EOR) project, costing $2.5 billion, became operational at Malaysia’s Tapis field in September 2014, marking the culmination of a three decade-long journey for the country’s national oil company (NOC) Petroliam Nasional Berhad (PETRONAS).

The firm became interested in EOR in 1986 when a study was made for Malaysian oilfields. But another decade passed before the first EOR evaluation took place at the Dulang field offshore Terengganu. In 2002, PETRONAS designated EOR as a strategic project, a move enabling the initiative to secure the necessary direction and funding, paving the way to realize the Tapis project.

The Tapis project, undertaken by PETRONAS Carigali Sdn Bhd and ExxonMobil Exploration and Production Malaysia Inc. in a 50:50 joint venture, is also one of the world’s largest water alternating gas (WAG) offshore EOR developments.


ExxonMobil starts production from Telok B platform

June 9, 2015

Dateline 2015-05-07, The Star:

ExxonMobil Exploration and Production Malaysia Inc. (ExxonMobil), a subsidiary of Exxon Mobil Corporation plans to kick-start natural gas production from the second phase of Telok gas development project located off the east coast of Peninsular Malaysia.

In a press release on Thursday, the company said the project comprises of two satellite platforms namely Telok A and Telok B which together are able to produce more than 450mil cubic feet per day of natural gas.

”The Telok field was developed under a gas production sharing contract between ExxonMobil, as the operator, Petronas Carigali Sdn Bhd, and Petronas to help meet demand for natural gas in Peninsular Malaysia,” it said.


ExxonMobil Subsidiaries In Malaysia Appoint New Chairman

March 27, 2014

Congratulations, SKY.

Dateline 2014-02-16, Bernama:

See Kok Yew has been appointed as the President of ExxonMobil Exploration and Production Malaysia Inc (EMEPMI) and Chairman of the ExxonMobil Subsidiaries in Malaysia with effect from yesterday.

In a statement today, The ExxonMobil Subsidiaries in Malaysia said See succeeded J. Hunter Farris who will relocate to Houston and assume the position as the new Vice-President, Global Engineering of ExxonMobil Production Company.

Prior to his appointment, See was a Production Manager for ExxonMobil Production Company businesses in the US Lower 48, based in Houston, Texas.

See started his career with EMEPMI in 1990 and held various technical, supervisory and management positions in Kerteh, Terengganu, and in Kuala Lumpur.


Tapis EOR project will start production in 2014

November 23, 2013

From The Malaysian Reserve, dateline 2013-10-03:

The Tapis Enhanced Oil Recovery (EOR) project is moving a step closer to production with the significant completion of the main central processing facility called Tapis-R topsides.

The project will see the oil production from the ageing Tapis field increase from the current estimated 5,000 barrels per day to a maximum output of 25,000-35,000 barrels per day (bpd) by 2017.

The EOR is a 50:50 participation between ExxonMobil Exploration & Production Malaysia Inc (EMEPMI) and Petronas Carigali Sdn Bhd (PCSB).


Saturday Star 2013-09-21 – Job Opportunities

September 23, 2013

Well wishes on Malaysia Day.

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need RM360 to get The Star ePaper.

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • ExxonMobil is looking for a recent graduate chemical engineer, safety facilities engineer, experienced mechanical engineer. Apply here if interested.
  • Coastal Energy is looking for an environmental officer. Send your cv here.

Help me (and you) increase my cloud presence. Pleease use some form of cloud storage, so if you lose your laptop with those oh-so-important reports, be assured that (with Internet access) the files are still accessible. Use my referrals for Dropbox, MiMedia,  SpiderOak, MediaFire, Ubuntu One, Sugar Sync.

Break the Low Yat stranglehold! Support Newegg Malaysia, or check Amazon’s International Shipping. Yeah, baby!

I’ve had days of interpreting bad data. Apparently is catching.


Bad Science: Quacks, Hacks, and Big Pharma FlacksBad Astronomy: Misconceptions and Misuses Revealed, from Astrology to the Moon Landing “Hoax”Bad Pharma: How Drug Companies Mislead Doctors and Harm Patients

The IEM has a coffee table book out, Engineering Heritage of Malaysia (no, it is not Datuk Seri Samy Vellu’s bio). Visit here for details.

Food? Doctor says I need to lose weight, sugar, cholesterol. Wish me luck.