Repsol weighs sale of Malaysian assets as part of review

March 17, 2020

Dateline 2020-01-13, The Edge:

Repsol SA is exploring options for its Malaysian upstream operations including a potential sale as the Spanish oil company reviews its global portfolio, according to people familiar with the matter.

The Malaysian assets could attract interest from other energy companies in the region, the people said, asking not to be identified because the matter is private. The asset review comes as Repsol is working on a new strategic plan, which is expected to be presented in the first half of the year.

Repsol owns rights to six development blocks in Malaysia with a net surface area of 3,126 square kilometers (1,207 square miles), according to its website. Its major upstream projects include Kinabalu, a mature offshore oilfield located in the west of the Malaysian basin of Sabah. Repsol holds a 60% stake in the project, while state-owned Petroliam Nasional Bhd, known as Petronas, owns the remaining 40%.

Repsol’s Bunga Pakma, Kinabalu projects on track

June 22, 2017

Is this an article on ex-EPMI staff?

Dateline 2017-05-24, Borneo Post:

Repsol Oil and Gas Malaysia Ltd’s (Repsol) Bunga Pakma development and Kinabalu redevelopment offshore oil platform projects are on track for their transportation and installation (T&I) phases.

The two projects are within the last legs of their Engineering, Procurement and Construction (EPC) phases which are carried out by OceanMight Sdn Bhd (OMSB), an affiliate of local-based KKB Egineering Bhd, and are scheduled to be completed in the second quarter of financial year 2017 (2QFY17) for the Kinabalu redevelopment project and 3QFY17 for the Bunga Pakma development project.

The Kinabalu redevelopment project entails the construction of a 3,700-tonne wellhead riser platform and a 350-tonne bridge that would link the new facilities to the existing Kinabalu platform owned by Repsol.

Repsol’s Talisman takeover not affecting Sabah

September 19, 2015

Really? You mean there aren’t an increase of tapas bars, and  4-hour siestas?

Dateline 2015-08-17, Daily Express:

Talisman Malaysia, operating Sabah’s Kinabalu Field crude oil platform off here is not affected by Repsol’s takeover of Talisman Energy.

“There is no change of (company) name for now,” said Talisman Malaysia vice president Duncan Smart who is also Sabah Assets Manager when asked by Daily Express.

Talisman Malaysia will intensify its development of the Kinabalu Field with the fabrication of a new additional platform to increase the productivity of its output, with further development exploration approved.

“Despite the decline in prices, we can justify our investments (off Sabah),” said Smart.

Spanish oil and gas firm Repsol bought over Talisman Energy for USD8.3 billion earlier this year in the global oil and gas shakeup following a slump in oil and gas prices is said to be a harbinger of things to come in the industry, according to some experts and analysts.

Firm expands drilling operations in Sabah

November 17, 2014

Dateline 2014-08-27, Borneo Post:

Talisman Malaysia Limited is in the process of further developing its Kinabalu platform with plans to start the construction of a wellhead to link with the existing platform by next year.

“This is so that we can drill further production wells to maintain our production from the Kinabalu field,” said its acting country manager, Duncan Smart.

On the oil and gas company’s progress, Smart disclosed that its drilling rig left the Kinabalu platform beginning of August, having completed a drilling programme there.

“We drilled six new wells and are extremely pleased with the results because our production from the platform has increased by three times.

“So we are now producing at around 16 to 17 thousand barrels of oil per day, a progress we consider to be very successful,” said Smart, when met at the company’s Hari Raya Aidilfitri open house here yesterday.

TH Heavy Engineering Lands Topside Deal for Kinabalu NAG Project off Sabah

March 13, 2014

THHE seems busy now. Permas, Layang and now Kinabalu NAG. Hold on, isn’t Kinabalu Talisman’s field?

Dateline 2014-02-06, Rigzone:

TH Heavy Engineering Berhad, a Malaysia-based engineering and marine contractor, revealed Wednesday that its subsidiary, THHE Fabricators Sdn. Bhd. (TFSB) has received a Letter of Award from Petronas Carigali Sdn Bhd (PCSB) Jan. 28 for the supply of a topside for the Kinabalu Non-Associated Gas (NAG) Development Project in Malaysia, the firm said in an announcement on local stock exchange Bursa Malaysia .

Petronas Signs New PSC With Talisman, Petronas Carigali

June 27, 2012

Dateline 2012-05-28:

Petroliam Nasional Bhd (Petronas) has signed a new production sharing contract (PSC) with Talisman Malaysia Ltd and Petronas Carigali Sdn Bhd.

The PSC, signed on May 23, was for the continuing production, further development and improved recovery of crude oil from the Kinabalu Fields, a number of fields with mature reservoirs located offshore Sabah.

Vice president of petroleum management Ramlan Abdul Malek said the PSC is the first awarded under the new, innovative progressive volume-based (PVB) fiscal terms designed by Petronas to offer value-added incentives for the development and production of mature oil fields in Malaysia.