Marketing Rounds – KSB

November 2, 2016

Nowadays, KSB is the launch pad for many offshore destinations. Bring a blankey. And you can take the bus to Kemaman from in front of IGL offices.

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Malaysia investing in O&G infrastructure for future demand

July 25, 2015

Dateline 2015-06-10, Seatrade Maritime:

In a welcome change, Malaysia’s oil and gas (O&G) industry players are taking advantage of the market downturn to prepare themselves better for the future.

Local media reported that Terengganu state government, through its unit Eastern Pacific Industrial Corp (EPIC), is planning a MYR2bn ($533.5m) expansion for the Kemaman Supply Base (KSB) in the state.

Construction work on the project at the over 30-year-old KSB is expected to begin in 2016 and be completed in 2019.

“We have been planning for an expansion for a long time as we need to prepare for growth. We want to make sure that Terengganu is serious and be exposed to as many opportunities as possible in the oil and gas sector,” Terengganu chief minister Seri Ahmad Razif Abdul Rahman was quoted as saying.

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ExxonMobil – extension of PSCs

April 3, 2008

I earlier reported that TCOT / OSC were being handed over to PCSB. Now I can note that ExxonMobil Exploration and Production Malaysia Inc’s (EMEPMI) Production Sharing Contracts (PSC) were extended.

At 3:00 p.m. on Wednesday, March 26, EMEPMI signed with PETRONAS and PETRONAS Carigali the Main Principles Agreement that will lead to the execution of a new Production Sharing Contract (PSC).

In summary, the new PSC will enable EMEPMI to continue production of the existing reserves in the seven fields currently under the 1995 PSC until 2033.  It will also be pursuing additional oil development and will have the opportunity to pursue Enhanced Oil Recovery (EOR) activities. 

As part of the arrangement, EMEPMI will retain operatorship of all the existing offshore fields, and will extend this to 2033.  Operatorship of the onshore assets, and in particular the Terengganu Crude Oil Terminal (TCOT), will be transferred earlier than initially planned, and will be accelerated from 2012 to no later than June 2009 along with the gas and condensate facilities (i.e. OSC).  This transfer is strategic to PETRONAS due to national interest considerations.

Other aspects of EMEPM’s current onshore operations at Kemaman Supply Base will
remain as is.

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Posted by Wata