August 29, 2017
Dateline 2017-08-03, MalaysianDigest:
Petroliam Nasional Bhd’s upstream subsidiary, Petronas Carigali Sdn Bhd (PCSB), has set aside RM10 billion for its enhanced oil recovery (EOR) projects located offshore Sarawak.
Expected to be completed by the year 2020, the EOR in the Bakor and Baronia fields, would be jointly carried out with Sarawak Shell Bhd.
PCSB Sarawak Oil-Malaysia Assets head, Anuar Ismail, said the company is upbeat that the investment will yield return despite uncertainties in the global oil prices.
“It is business as usual for Petronas although we are adopting prudent spending. We are trying to reduce our operating cost as much as possible to maximise our income,” he told reporters when met the PCSB headquarters here today.
Anuar also gave his assurance that retrenchment is not in the cards although Petronas is trying to control its operating cost from increasing.
He said there are a total of 1,200 employees stationed at oil rigs in the state.
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Malaysia, oil and gas | Tagged: Anuar Ismail, Baronia, Bokor, EOR, PCSB, Petronas | 
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Posted by Wata
November 25, 2016
And that settles my thoughts as to when Hibiscus was going to spend its money, and who would want to buy the Shell Sabah blocks.
Dateline 2016-10-12, The Star:
Shell has reached an agreement to sell its 50% equity interest in the 2011 North Sabah enhanced oil recovery (EOR) production sharing contract (PSC) to Hibiscus Petroleum Bhd’s indirect unit SEA Hibiscus Sdn Bhd for US$25mil (RM104.8mil).
The amount excludes post completion adjustments and reimbursements to Shell.
Currently, Sabah Shell Petroleum Co (25%) is the operator, partnering with Shell Sabah Selatan (25%) and Petronas Carigali Sdn Bhd (50%) in the PSC, which includes the Labuan Crude Oil Terminal, and the fields of St Joseph, South Furious, SF30 and Barton, all located offshore Sabah.
Total oil production (on a 100% PSC basis) averaged 18 kilobarrels (kbbls) per day last year, according to statements from Shell and Hibiscus.
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: EOR, Hibiscus, North Sabah, PCSB, Shell, SSPC | Permalink
Posted by Wata
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.
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Leave a Comment » | Malaysia | Tagged: Dulang, EMEPMI, EOR, Petronas, Tapis | Permalink
Posted by Wata
October 17, 2014
This is a shout out for the IEM. My technical division will be hosting a trip to Universiti Teknologi PETRONAS, Bandar Seri Iskandar, 31750 Tronoh, Perak Darul Ridzuan on the 23rd October, 2014. You will be anointed with 4 CPD / PDP hours.
BACKGROUND
The depleting natural resources and increasing challenges in exploring new oil field has saw the importance of Enhanced Oil Recovery (EOR) in oil production industry. EOR has been recognized by the Malaysian Government as one of the focus area in Oil & Gas NKEA in year 2011.
The Centre of Research in EOR was established in Universiti Teknologi Petronas (UTP) in year 2006 to promote excellence in EOR research that mostly addresses the needs of industry and to manage laboratory services. Research in the area has continuously expanded at UTP since 2006. Most EOR research projects are conducted by the petroleum engineering staff and the topics are mostly conventional topics such as subsurface fluid flow, rock fluid interactions etc. In addition, there is an increasing interest from non-petroleum engineering researching EOR chemicals, application of waves, advanced materials among others.
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Tentative schedule:
- 7.00 am Bus departs from IEM, PJ
- 10.45 am Arrival at UTP and welcoming remarks by DVC RI
- 11.00 am Introduction to Enhanced Oil Recovery
- 12.00 pm Introduction to CO2 Management
- 1.00 pm Token of Appreciation and group photo
- 1.15 pm Lunch
- 2.00 pm Technical Visit to EOR Research Centre
- 3.00 pm Technical Visit to CO2 Research Centre
- 4.00 pm Adjourn 0945 Arrival at site
Register here and get the form here.
Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: EOR, IEM, Tronoh, UTP | Permalink
Posted by Wata
October 13, 2014
This is a shout out for the IEM. My technical division will be hosting a trip to Universiti Teknologi PETRONAS, Bandar Seri Iskandar, 31750 Tronoh, Perak Darul Ridzuan on the 23rd October, 2014. You will be anointed with 4 CPD / PDP hours.
BACKGROUND
The depleting natural resources and increasing challenges in exploring new oil field has saw the importance of Enhanced Oil Recovery (EOR) in oil production industry. EOR has been recognized by the Malaysian Government as one of the focus area in Oil & Gas NKEA in year 2011.
The Centre of Research in EOR was established in Universiti Teknologi Petronas (UTP) in year 2006 to promote excellence in EOR research that mostly addresses the needs of industry and to manage laboratory services. Research in the area has continuously expanded at UTP since 2006. Most EOR research projects are conducted by the petroleum engineering staff and the topics are mostly conventional topics such as subsurface fluid flow, rock fluid interactions etc. In addition, there is an increasing interest from non-petroleum engineering researching EOR chemicals, application of waves, advanced materials among others.
..
Tentative schedule:
- 7.00 am Bus departs from IEM, PJ
- 10.45 am Arrival at UTP and welcoming remarks by DVC RI
- 11.00 am Introduction to Enhanced Oil Recovery
- 12.00 pm Introduction to CO2 Management
- 1.00 pm Token of Appreciation and group photo
- 1.15 pm Lunch
- 2.00 pm Technical Visit to EOR Research Centre
- 3.00 pm Technical Visit to CO2 Research Centre
- 4.00 pm Adjourn 0945 Arrival at site
Register here and get the form here.
Leave a Comment » | business opportunity, Malaysia, oil and gas | Tagged: EOR, IEM, Tronoh, UTP | Permalink
Posted by Wata
September 18, 2014
Dateline 2014-07-03, The Star:
Petronas, Petronas Carigali Sdn Bhd and Shell Malaysia have expanded the terms of the 2011 Baram Delta (BDO) production sharing contract (PSC) for enhanced oil recovery projects (EOR) offshore Sarawak (2011 Baram Delta EOR PSC) to include gas rights.
With the signing of the Heads of Agreement (HOA) for Baram Delta Gas Gathering Project 2 (BARDEGG2), associated and non-associated gas rights linked with the Baram Delta Operations will be incorporated into the 2011 Baram Delta EOR PSC, said Shell Malaysia in a statement on Thursday.
The Tukau Timur field, previously part of the SK307 PSC, will also be integrated into the 2011 Baram Delta EOR PSC enabling non-associated gas to be developed as part of a single integrated development project.
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Leave a Comment » | Malaysia, oil and gas | Tagged: Baram Delta, BARDEGG, Carigali, EOR, PCSB, Petronas, Shell, SK307, Tukau Timur | Permalink
Posted by Wata
November 20, 2013
Dateline 2013-09-30, Platts:
Malaysia wants to reverse a long decline in its crude oil output. It recently completed a project that it sees as a major step in that direction. Mriganka Jaipuriyar discusses the project in this week’s Oilgram News column, At the Wellhead.
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Malaysia recently achieved a significant milestone in its attempt to reverse a decline in crude oil production with the completion of the Tapis-R platform — a 23,500 mt mega structure for the enhanced oil recovery (EOR) project at the aging Tapis field located offshore Terengganu in Peninsular Malaysia.
With the EOR project, Petronas and ExxonMobil are aiming to recover an additional 180 million barrels of crude oil from the field, which was discovered in 1969, and extend its life by another 30 years.
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Leave a Comment » | Malaysia, oil and gas | Tagged: EOR | Permalink
Posted by Wata
November 17, 2013
Dateline 2013-09-26, Rigzone:
Malaysia’s state-owned oil company Petroliam Nasional Berhad (Petronas) expected production from 14 oil fields identified under the enhanced oil recovery (EOR) initiative to reach between 750 million and one billion barrels of oil for the duration of the fields’ economic life, subject to the condition of the fields and when these projects start up, local newspaper The Star reported Thursday.
The Tapis field is the first to be selected for the EOR scheme, under which Petronas seeks to reverse dwindling oil reserves in Malaysia. Five of these fields lie offshore Sabah and Sarawak, including Baram in Sarawak and St Joseph in Sabah, while the others are located offshore Peninsular Malaysia, including Tapis and Dulang fields.
Petronas CEO Shamsul Azhar Abbas said recently that production decline at its Malaysian oil fields has been kept to a minimum, at around 2 and 3 percent which helped the firm to maintain crude production at around 480,000 barrels per day, compared to 8 and 9 percent internationally, The Star reported.
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Leave a Comment » | Malaysia, oil and gas | Tagged: EOR, Petronas | Permalink
Posted by Wata
November 15, 2013
Isn’t Tapis ExxonMobil’s field?
Dateline 2013-09-25, The Star:
Petroliam Nasional Bhd expects Malaysia’s first large scale enhanced oil recovery (EOR) project to boost oil production at the Tapis oilfield offshore peninsular Malaysia by up to 35,000 barrels per day from between 3,000 and 4,000 barrels currently.
Head of EOR programme, exploration and production technology division Dr Nasir Darman said using the water-alternating-gas (WAG) injection measure, the depleting Tapis oilfield will be injected with gases from nearby Guntong oilfield to increase pressure and enhance oil production.
Production, he added, is expected to start in the first half of next year. “At peak, the project is expected to produce between 25,000 and 35,000 barrels per day of oil in 2016 and 2017,” he told reporters in a briefing at the Malaysia Marine and Heavy Engineering Bhd (MMHE) fabrication yard here on Tuesday.
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Leave a Comment » | Malaysia, oil and gas | Tagged: EOR, Tapis | Permalink
Posted by Wata
August 18, 2013
Dateline 2013-07-10:
ExxonMobil’s Tapis enhanced oil recovery, or EOR, project, which will help sustain the current production level of Malaysia’s Tapis blend crude, is expected to start up by the end of 2013, a spokeswoman with the oil major’s Malaysian subsidiary said late Tuesday.
The spokeswoman declined to disclose the current production level of the light sweet crude, but market sources have pegged it at 150,000 b/d.
Tapis blend has an API gravity of 45 and 0.03% sulfur content and is mainly used by Petronas at its own refineries. Current spot availability is around 300,000-600,000 barrels/month, down from 1.2 million barrels previously.
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Leave a Comment » | Malaysia, oil and gas | Tagged: EOR, Tapis | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 