Petronas forging ahead at Malaysian gas project

March 12, 2021

Dateline 2021-02-23, Upstream Online:

Malaysia’s national upstream company Petronas Carigali is forging ahead with its Kasawari giant sour gas field development offshore Bintulu, Sarawak.


Malaysia ‘attractive’ for upstream investment: WoodMac

August 1, 2019

Why are there quotes around attractive?

Dateline 2019-06-26, Kallanish Energy:

Half of the 11.2 billion barrels of oil-equivalent (Bboe) product discovered in Southeast Asia between 2010 and 2018 were found in Malaysia, Kallanish Energy learns.

Independent research company Wood Mackenzie said Monday the country “has proved itself to be the hottest spot for material exploration” in the area and offers some of the most attractive upstream investment opportunities.

At the moment, Malaysia needs extra supply as the large Kasawari gas project experienced delays in its Final investment decision (Fid) due to multiple breakdowns of a pipeline. The shortage is expected to last until 2025, according to analysts, when new major fields will begin operations.


Gas issues could spur exploration offshore Malaysia

July 23, 2019

Dateline 2019-06-24, Offshore:

Malaysia’s need for additional gas supplies could trigger a new round of upstream investment in Southeast Asia, according to Wood Mackenzie.

There have been multiple breakdowns in the Sabah-Sarawak gas pipeline and Petronas’ large Kasawari gas project offshore Sarawak has still to receive the go-ahead.

This has resulted in a short-term supply problem for Malaysia’s Bintulu MLNG plant, and the shortage could continue until at least 2025, when new fields are due to come onstream such as Kasawari, Jerun, Timi, Rosmari, and Marjoram.

 


Challenges remain for sour gas field project

July 20, 2019

Dateline 2019-06-21, Upstream Online:

Exploiting the estimated 3.2 trillion cubic feet of recoverable gas reserves hosted in the Kasawari sour gas field off Malaysia has been a long time coming and there are still hurdles to be overcome, writes Amanda Battersby.

Operator Petronas originally targeted a 2019 start-up date for Kasawari with peak production of 900 million cubic feet per day envisaged. However, it now seems likely that the final investment decision will not be taken until the middle of next year at the earliest.

Among the challenges, industry sources suggested Petronas could yet return to the market with another open tender process if it cannot agree an acceptable price for the large central processing platform with preferred contractor Malaysia Marine & Heavy Engineering.


Block SK 316 divestment delayed

May 21, 2018

Dateline 2018-03-21, Upstream Online:

Malaysia’s national oil company Petronas has delayed the potential divestment of a significant stake in Block SK 316 offshore Sarawak, East Malaysia that is home to the giant Kasawari gas field.

There has been a delay in the process, PTTEP President Phongsthorn Thavisin said on the sidelines of OTC Asia. The Thai national upstream player is still interested in coming on board this gas-rich acreage and would “normally be interested in 10% to 20% of such a prize, added Phongsthorn.

Petronas is set to this year decide whether to line up a partner for Block SK 316 or whether to solely pursue the exploitation of Kasawari, which has an estimated re­coverable resource of 3 trillion cubic feet of gas.


Three parties prequalified for Kasawari CPP contract

March 20, 2015

Dateline 2015-01-13, Borneo Post:

Three parties have likely been pre-qualified by Petronas for the US$1.5 billion Kasawari central processing platform (CPP) contract.

AmResearch Sdn Bhd (AmResearch) noted that the three parties are South Korea’s Hyundai Heavy Industries Co Ltd, a joint venture between Italy’s Saipem SpA and SapuraKencana Petroleum Bhd, and a partnership between France’s Technip SA and Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE).

“We understand the bidding is in progress and is currently being evaluated.

“The contract could be awarded sometime in April. Berlian McDermott, a joint venture between TH Heavy Engineering Bhd and Houston-based McDermott International Inc, did not progress beyond the prequalifying stage of this contest,” said AmResearch.