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.
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.
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.
August 5, 2021
A bit more clarity for yesterday’s post.
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.
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.
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.
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.
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.
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.