Malaysia’s Petronas discovers gas in Nangka-1 wildcat exploration well

January 10, 2022

Dateline 2021-11-30, Reuters:

Malaysia’s state oil agency Petronas (PETR.UL) said on Tuesday it had discovered gas in its Nangka-1 wildcat exploration well in Block SK417, located in the shallow waters of Baram Province.

“The Nangka-1 well was successfully drilled to a total depth of 3,758 metres in September 2021. The sweet gas was discovered in the Middle to Late Miocene Cycle VI clastic reservoirs, further validating the hydrocarbon potential in the surrounding areas,” the company said in a release.


5% oil royalty is the agreement, not ‘wang ehsan’, says Ku Li

January 6, 2022

And history repeats itself, I think it was the exact same quote back then.

Dateline 2021-11-29, FMT:

There is no such thing as the payment of “wang ehsan” (compassionate money) to states under the Petroleum Development Act, says Tengku Razaleigh Hamzah, founding chairman of Petronas.

The veteran politician said the agreement between Petronas and the respective state governments was for the oil company to pay the states 5% in cash payments in exchange for them vesting their hydrocarbon or oil and gas rights in Petronas.

There was no mention of any wang ehsan in the Act’s vesting deed, he maintained, while the 5% figure came out of calculations performed by former Sarawak chief minister Abdul Rahman Ya’kub, which was jointly agreed upon by the states and Petronas.


ExxonMobil and Petronas explore CCS for Malaysia

December 6, 2021

I guess, the reduce, reuse, recycle part, ain’t making profits for these gigacorporations, and reinject is?

Dateline 2021-11-15, The Chemical Engineer:

EXXONMOBIL and Petronas are working together to explore opportunities for carbon capture and storage projects in Malaysia.

The partners said through their memorandum of understanding they will assess the viability of carbon capture projects in locations offshore Peninuslar Malaysia and share subsurface technical and infrastructure for pipelines, facilities and wells as they evaluate potential projects for storing, transporting and reusing capture CO2.

Adif Zulkifi, Petronas Executive Vice President and Chief Executive Officer of Upstream, said: “This collaboration is an important step to unlock the opportunities and potential of CCS in Malaysia through applied technologies and innovation, potentially helping us reach our net zero carbon emissions aspirations amidst an evolving energy landscape.”


EXXONMOBIL TO STUDY CCS WITH MALAYSIA’S PETRONAS

November 23, 2021

How about paying people to STOP emitting greenhouse gasesd, among other SDGs. Follow the process safety mantra, remove, reduce, recycle, buy positive research.

dateline 2021-11-09, Natural Gas World:

ExxonMobil has signed a memorandum of understanding (MoU) with Malaysia’s state-owned Petronas on exploring the potential for carbon capture and storage (CCS) in the southeast Asian country, the US major reported on November 8.

The pair will consider potential CCS sites offshore Peninsula Malaysia, sharing technical and infrastructure data for pipelines, facilities and wells.

The MoU comes a week after ExxonMobil signed a similar preliminary agreement to identify CCS opportunities in Indonesia with state-owned Pertamina.


Questions swirl around Petronas’ Kasawari CCS

November 15, 2021

Yea, baby. How about apply recycling’s mantra or reduce, reuse, recycle, bury deep?

Dateline 2021-11-03, Energy Voice:

The Malaysian government and state-backed Petronas have made commitments to cut greenhouse gas emissions. However, these goals become particularly challenging when many undeveloped fields with high levels of carbon dioxide (CO2) and hydrogen sulfide need to be tapped to backfill Malaysia’s LNG export complex in the coming years.

If emissions from these high CO2 fields are to be managed, then carbon capture and storage (CCS) will be a key enabler, according to IHS Markit. But it remains to be seen if the economics stack up and whether Malaysia can remain attractive in the context of a global upstream portfolio.


Petronas to build Sabah’s first nearshore LNG facility at SOGIP, says chief minister

November 5, 2021

Dateline 2021-10-30, The Edge:

The Sabah state cabinet has endorsed the building of Sabah’s first nearshore liquefied natural gas (LNG) facility by national oil company Petronas at the Sipitang Oil and Gas Industrial Park (SOGIP), said Chief Minister Datuk Hajiji Noor. 

He said the LNG project, subject to a “final investment decision” in 2022, is a step in the right direction, as the state government continues to pursue more deals to get additional revenue via equity participation. 


Malaysia’s Petronas plans to scale up CCS at Kasawari gas field

October 28, 2021

I learnt a term from the Interwebs, paraphrasing (it applied to bodyweight control) “Calorie control begins in the kitchen” How about gomen shelf the CCS, and look at streamlining the kitchen? Imagine the saman revenue.

Dateline 2021-10-06, Reuters/LeaderPost:

Malaysia’s Petronas plans to scale up a carbon capture and storage (CCS) project as part of the second phase of development at the Kasawari gas field off Sarawak, its CEO said.

The CCS project at the field, which is estimated to hold 3 trillion cubic feet of gas reserves, is key to the state energy firm’s plans to achieve net zero greenhouse gas emissions by 2050.


Petronas upstream investment approvals to accelerate

October 27, 2021

Dateline 2021-10-18, Energy Voice:

Malaysian national energy company Petronas is expected to accelerate final investment decisions (FIDs) for upstream oil and gas projects between 2022 and 2023 following a sharp decline over 2020-21, according to the latest research from Rystad Energy.

The number of final investment decisions (FIDs) made by Petronas in 2020 dropped by 70% over the previous year and is set to be down by 85% this year from the 2019 level, Rystad said in its latest report.

“Petronas has so far this year sanctioned four key projects in Malaysia and Indonesia: the Jerun, Timi and Bakau non-associated gas developments offshore Sarawak, and the Kaliberau Dalam early production system project in Indonesia,” said Rystad.


Petronas to send first carbon neutral LNG to China’s Shenergy

October 25, 2021

Dateline 2021-10-01, Capital.com.

Petronas LNG, a subsidiary of Malaysia’s state-owned oil and gas major Petronas, signed an agreement with China’s Shenergy Group for the delivery of carbon-neutral liquefied natural gas (LNG) cargoes from Petronas LNG Complex in Bintulu, Sarawak, Petronas, according to its statement on Thursday. 

The deal is the oil giant’s first delivery of carbon-neutral super-chilled gas to China. The firm would deliver the cargoes to Shenergy’s terminals in Shanghai between October 2021 and March 2022, the company release added.

Last month, Petronas shipped its first carbon-neutral LNG cargo to Japan.


Malaysia’s Petronas says maintenance underway at Kimanis oilfields

October 10, 2021

Dateline 2021-09-30, Financial Post/ Reuters:

Malaysia’s state energy firm Petronas said on Thursday that unplanned maintenance is underway at the Gumusut-Kakap oilfield operated by Royal Dutch Shell off the coast of Sabah.

“The operator is working to resolve the matter in ensuring the Kimanis crude oil achieves its peak production,” Petronas said in an emailed statement to Reuters.