TCOT – Officially handed over to PCSB

July 5, 2008

Okay, sue me for repeating a previous article.

To quote an extract from a notice I saw:

Today, July 1, 2008, the operatorship of the Terengganu Crude Oil Terminal, Onshore Slugcatcher and condensate facilities was officially handed over to PETRONAS Carigali. The transfer of operatorship of these onshore facilities to PETRONAS Carigali is part of the terms of the Main Principles Agreement of the 2008 PSC that was signed by ExxonMobil, PETRONAS and PETRONAS Carigali last March 26.

Go visit Kerteh and visit the sites.

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Posted by Wata

Enhanced Oil Recovery – the Malaysian Experience

May 30, 2008

I’ve found the Schlumberger Oilfield Glossary to be a useful source of info, helping me figure out where Enhanced Oil Recovery is used in Malaysia.

  • Water Alternating Gas (WAG) is a EOR method which has been looked at. I believe PRSS was looking at it when they still existed.
  • Chemical EOR is being tested as a pilot project at PCSB’s Angsi asset. Akaline surfactant is injected into the reservoir to reduce water flood residual oil saturation.  
  • I believe EMEPMI is looking at WAG, though I don’t know whether it’s a table top exercise, or they have moved to field trials.

At USD 129 / barrel, EOR is definitely more profitable.

If you know more, please write in, esp. as to what is happening in East Malaysia.

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Posted by Wata

Job Opportunities in Kerteh with TCOT/PCSB

May 14, 2008

I notice that many of my readers are searching for opportunities in Kerteh, especially in the oil and gas sector. One such opportunity is with the Terengganu Crude Oil Terminal (TCOT), as the operatorship is being taken over by PETRONAS Carigali Sdn Bhd (anyone remember when they were all housed in Wisma Peladang? Anyone remember Wisma Peladang?). My original post is here.

Anyhoo, If you think you have the appropriate experience and would like to work with Malaysia’s national oil company, you may contact the PCSB PMO (I think) HR Department. Please call the HR Department at 09 866 77 22 and request for Awang Zul or Lala. I suspect PCSB is looking for technicians and engineers.

Please refer back to my blog. Maybe I’ll get a few Imperial credits out of it.

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IEM presentation write-up

April 26, 2008

On Thursday, 24th April 2008, there was a small delegation from my company who went and attended the afternoon tea talk arranged by the Oil, Gas and Mining Technical Division of the IEM, of which I am the SecTreas. The talk was entitled ‘Talk on Upsteam Activities in Oil and Gas Industry.’ The speaker was En. Meor Shahrin Mahmood, currently Manager of Domestic, South-East Asia and Australasia regions, Basin Analysis & New Ventures Department, Exploration Division, PETRONAS Carigali Sdn. Bhd (PCSB), what a mouthful.

My colleague, Hui Hin, wrote up a summary of the talk. Visit her site to read the presentation notes.

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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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It’s official – TCOT handover from Exxon to PCSB

March 26, 2008

On Tues, 25th March, 2008, the staff at Terengganu Crude Oil Terminal (TCOT) were informed that TCOT and the Onshore Slug Catcher (OSC) will be changing operatorship. By 1st quarter 2009, PETRONAS Carigali Sdn Bhd (PCSB) will be operating TCOT and OSC. ExxonMobil Exploration and Production Malaysia Inc. (EMEPMI) staff currently working at the two locations will be offered a voluntary separation scheme (VSS).

TCOT and OSC are located in the picturesque town of Kertih, Terengganu, Malaysia. TCOT is the terminal for all the offshore oil pipelines, whereas OSC, together with the PCSB operated Onshore Gas Terminal (OGT) are the collection points for offshore gas.

Carigali will send a handover team over on 1st April 2008, with the intention to be ready for full transfer of operatorship by 31st August, 2008.

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Posted by Wata

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