POSCO International wins right to explore gas fields off Malaysian Peninsula

September 3, 2021

Wait,

PM524 minefield?

Dateline 2021-08-10, Aju Business Daily:

 POSCO International, a trading arm of South Korea’s steel group, will work with Petronas, a Malaysian state oil and gas company, to explore gas fields in waters of the east coast of the Malaysian Peninsula.

In an international bid, POSCO International said it has won the right to explore and operate the PM524 minefield where Petronas already operates a gas field. The South Korean company aims to sign a product distribution contract within this year after coordinating with Petronas on detailed conditions.

POSCO International has picked promising mining areas by checking seismic waves and drilling data. The company will hold an 80 percent stake, along with the right to operate, while the remainder will be controlled by Petronas’ subsidiary, Petronas Carigali Sdn Bhd, a subsidiary of the Malaysian state company.


Petrofac Brings Online East Cendor Offshore Field in Malaysia

August 6, 2021

Dateline 2021-07-30, Offshore Engineer:

Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.

The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners.

East Cendor is the fourth in the series of development in Block PM304, after Cendor, West Desaru, and Irama. 


PETRONAS Carigali, Shell and PETROS EP awarded exploration acreage offshore Malaysia

August 5, 2021

A bit more clarity for yesterday’s post.

Dateline 2021-07-28:

PETRONAS has awarded Block SK437 offshore Sarawak, Malaysia to PETRONAS Carigali Sdn Bhd (PCSB), Sarawak Shell Berhad (SSB), and Petroleum Sarawak Exploration and Production Sdn Bhd (PSEP), a wholly-owned subsidiary of Petroleum Sarawak Berhad (PETROS).

Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2015 km2 in size and in water depths of up to 50 m.

SSB is the operator for Block SK437 PSC, with a 85% participating interest, while PCSB and PSEP hold 7.5% each. Both PCSB’s and PSEP’s interests are carried during the exploration phase. SK437 is a new addition to Shell’s existing interests in 15 production sharing contracts in Malaysia, of which eight are located off the coast of Sarawak, whilst the remaining seven are located off the coast of Sabah.


Shell launches sale of stakes in Malaysian oil and gas fields -document

July 31, 2021

Dateline 2021-07-22, Reuters:

Royal Dutch Shell (RDSa.L) launched the sale of its stakes in oil and gas fields it does not operate off the coast of Malaysia, according to a document seen by Reuters.

The Anglo-Dutch company announced in March that it was considering selling its stakes in the Baram Delta EOR and the SK307 production-sharing contracts which are operated by Petronas Carigali Sdn Bhd, a unit of state energy firm Petronas.

The sale process for the two stakes, launched this month, is being run by investment bank J.P. Morgan, according to the sales document.


Hibiscus Petroleum receives waiver of pre-emption rights on Repsol assets, comes closer to concluding US$212.5m acquisition

July 29, 2021

Dateline 2021-07-14, The Edge:

One of the conditions precedent in Hibiscus Petroleum Bhd’s acquisition of upstream oil and gas assets from Spanish oil major Repsol has been fulfilled, which brings the oil explorer one step closer to concluding its acquisition of the latter’s upstream assets in Malaysia and Vietnam.

In a statement, Hibiscus said that it has been informed by Repsol Exploración S.A that the waiver and/or expiry of pre-exemption rights held by Petronas Carigali Sdn Bhd and PetroVietnam Exploration Production Corp under each of the relevant joint operation agreement for the assets had been satisfied.


Petronas chases new gas reserves as it gears up Malaysia drilling campaign

July 11, 2021

Dateline 2021-06-01, Upstream:

Malaysia’s national upstream company Petronas Carigali is forging ahead with field development work offshore East Malaysia, where it will bring on stream new gas reserves later this year.

Petronas as early as this week is set to start the development drilling campaign for its Bakau non-associated gas (NAG) development offshore Sarawak.


SK408 Gas Fields Development Project, Offshore Sarawak

October 25, 2020

Dateline TBA, Offshore Technology:

SK408 gas fields development project is located within the SK408 Production Sharing Contract (PSC) area, approximately 120km offshore Sarawak in Central Luconia Gas Province, Malaysia.

The project includes five natural gas and condensate fields, namely Gorek, Larak, Bakong, Teja, and Legundi.

The gas fields development project is being developed jointly by SapuraOMV Upstream (40%), Sarawak Shell Berhad (30%) and Petronas Carigali (30%). The phase one development of the SK408 project includes the commercialisation of the gas reserves from the Gorek, Bakong, and Larak fields.

The final investment decision (FID) on the development of the three fields under the first phase was made in April 2018.


Petronas contractor off Malaysia confirmed with Covid-19

May 12, 2020

Dateline 2020-04-06, Upstream:

A worker off Malaysia has tested positive for Covid-19, the second such confirmed case in Southeast Asia’s second-largest oil producer.

“Petronas, through its subsidiary, Petronas Carigali, confirms that one of its contractors at an offshore platform in Miri, Sarawak has tested positive for Covid-19. The contractor is currently receiving treatment at a government hospital,” Petronas told Upstream on Monday.

A contractor source claimed that the worker in question was a rig crew member on Velesto Drilling’s jack-up Naga 6.

As a result of his diagnosis, work has been temporarily stopped at Petronas Carigali’s Tukau Timur (East Tukau) and Baronia fields’ infill drilling programmes.

“As a precautionary measure to manage the risk of exposure, we have temporarily locked down the rig and suspended all crew change. All identified close contacts have immediately been placed under quarantine for 14 days,” said Petronas.


Commercial oil production begins at Layang field offshore Malaysia

February 26, 2020

Dateline 2019-12-20, Oilfield Technology:

JX Nippon Oil & Gas Exploration Corporation’s subsidiary, JX Nippon Oil & Gas Exploration (Malaysia) Limited, the Operator of Block SK10 offshore Sarawak, Malaysia together with PETRONAS Carigali Sdn Bhd, commenced commercial oil production from Layang Field on 3 December 2019.
Layang Field (“Layang”), in addition to its natural gas production since May 2017, commenced oil production by using a Floating Production, Storage and Offloading System (FPSO) named “FPSO Helang”.


Kuwait’s KUFPEC discovers gas in Malaysian block SK-410B

August 6, 2019

Dateline 2019-06-27, Reuters:

Kuwait Foreign Petroleum Exploration Company (KUFPEC) said on Thursday it had made a significant gas discovery in block SK-410B in Malaysia.

The block is located in shallow waters, nearly 90 km (56 miles) off the coast of Sarawak, it said in a statement.

The discovery was made by KUFPEC Malaysia, a wholly-owned subsidiary of the Kuwaiti firm, which holds a 42.5% working interest under a production sharing contract with PETRONAS Carigali Sdn. Bhd. and PTTEP HK Offshore Ltd.