May 30, 2023
Dateline 2023-02-XX, Europetrole:
PTT Exploration and Production Public Company Limited (PTTEP) joins PETRONAS Carigali Sdn. Bhd. (PCSB) and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) as a partner in offshore exploration Block SK325. The investment further expands PTTEP’s growth opportunity in Malaysia while strengthening relationship with business partners.
PTTEP Chief Executive Officer, Mr. Montri Rawanchaikul, revealed that PTTEP Sarawak Oil Limited (PTTEP SKO), a subsidiary of PTTEP, along with PCSB and PSEP have signed a Production Sharing Contract (PSC) with Petroliam Nasional Berhad (PETRONAS) for the offshore exploration Block SK325 which was offered under the Malaysia Bid Round (MBR) 2022. MBR is an annual licensing round organized by Malaysia Petroleum Management (MPM), PETRONAS as the custodian of petroleum resources in Malaysia
…
Leave a Comment » | 
oil and gas | Tagged: PCSB, PSEP, PTTEP, SK325 | 
Permalink
Posted by Wata
February 15, 2023
Dateline 2022-12-07, Offshore Energy:
Petronas Carigali (PCSB), a wholly-owned subsidiary of Malaysia’s state-owned energy giant Petronas, has made a new oil and gas discovery in Block SK 306, offshore Malaysia.
Petronas announced this oil and gas discovery at the Nahara-1 well in Block SK 306 on Wednesday and explained that PCSB is the operator of the block, with 100 per cent participating interest in its Production Sharing Contract (PSC).
…
Leave a Comment » | oil and gas | Tagged: Nahara, PCSB, SK306 | Permalink
Posted by Wata
January 17, 2023
Dateline 2022-10-13, Offshore Engineer:
Malaysia’s Petronas has signed a Production Sharing Contract (PSC) with TotalEnergies, Petronas Carigali, and Shell for Block 2K, an ultra-deepwater block off the coast of Sabah, Malaysia.
According to Petronas, Block SB 2K, with a depth of up to 3,000 meters, covers an area of 1,952 sq km and is located in the prolific north-west ultra-deepwater area within a proven hydrocarbon basin with promising hydrocarbon potential.
Under the PSC terms, TotalEnergies will be the operator with a 34.9 percent stake. Petronas Carigali will hold a 40 percent stake, and Shell the remaining 25.1 percent.
…
Leave a Comment » | oil and gas | Tagged: PCSB, SB2K, Shell, TotalEnergies | Permalink
Posted by Wata
January 13, 2023
Dateline 2022-10-13, Upstream:
Malaysia’s national upstream company Petronas Carigali is edging nearer to production start-up at the next phase of its Bayan redevelopment project offshore Sarawak.
The project’s mobile offshore production unit (MOPU) is scheduled to start its tow this week from Labuan Shipyard & Engineering for installation on Bayan field sub-block 4Q-21.
The tow and installation, which is expected to take around 12 days to complete, is being supported by four vessels — the Malaysia-flagged Executive Pride and Bridgewater 132 plus the Singapore-flagged Bridgewater 130 and the MP Prowess.
…
Leave a Comment » | oil and gas | Tagged: Bayan, PCSB | Permalink
Posted by Wata
April 29, 2022
Dateline 2022-03-24, Natural Gas World:
Petronas has signed production sharing contracts (PSCs) for five offshore exploration blocks, namely SB412, 2W and X located off the coast of Sabah, and SK439/SK440 located off the coast of Sarawak, the company said on March 23. The contracts were awarded in the Malaysia Bid Round (MBR) 2021.
Block SB412 in Sabah was signed between Petronas, PTTEP HK Offshore and SapuraOMV Upstream, while the PSCs for ultra-deepwater Blocks 2W and X were signed between Petronas, Sabah Shell Petroleum Company, Shell Sabah Selatan and Petronas Carigali.
The PSC for Sarawak’s Block SK439/SK440 was signed between Petronas, Sarawak Shell and Petroleum Sarawak Exploration & Production.
…
Leave a Comment » | oil and gas | Tagged: PCSB, PTTEP HKO, Sabah Shell Petroleum Company, SapuraOMV, SB412, SK439, SK440 | Permalink
Posted by Wata
April 3, 2022
Dateline 2022-02-15, FMT:
The Court of Appeal today affirmed a RM50,000 fine imposed on Petronas Carigali Sdn Bhd for failing to secure a safe work system which had caused the death of a worker in Kemaman eight years ago.
A three-member bench chaired by Hanipah Farikullah said there was no appealable error by the High Court, which confirmed the decision of the sessions court.
She said the company did not comply with its own internal guidelines and failed to ensure a contractor complied with the job method statement.
…
Leave a Comment » | Safety | Tagged: Hanipah Farikullah, PCSB, Petronas | Permalink
Posted by Wata
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.
…
Leave a Comment » | oil and gas | Tagged: PCSB, Petronas, PM524, POSCO | Permalink
Posted by Wata
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.
…
Leave a Comment » | oil and gas | Tagged: East Cendor, KUFPEC, PCSB, Petrofac, Petronas, PM304 | Permalink
Posted by Wata
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.
…
Leave a Comment » | oil and gas | Tagged: PCSB, Petronas, PETROS, PSEP, SK437, SSB | Permalink
Posted by Wata
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.
…
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: Baram, PCSB, Shell, SK307 | Permalink
Posted by Wata
Wata - Malaysian Oil and Gas Engineer 