Dateline 2012-02-24:
Gas Malaysia Bhd, a unit of MMC Corp Bhd, which is scheduled to list by the second quarter of this year, has signed a new gas supply agreement with Petroliam Nasional Bhd (Petronas) to supply up to 492 million standard cu ft per day (mmscfd) of natural gas.
The tenure of the agreement is 10 years, from Jan 1, 2013 to Dec 31, 2022, with the option to extend for another five years.
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Posted by Wata
For an engineer’s contest, doesn’t the client pay for submission of the bid?
Dateline 2012-02-23:
Petroliam Nasional Bhd. is asking engineers to compete for a contract to build a new liquefied natural gas train in Malaysia.
JGC Corp. will compete for the project against a joint partnership of Chiyoda Corp. and Saipem SpA, Malaysia’s state oil company said today in an e-mailed statement. Petrona plans to build a ninth train at its LNG complex in Bintulu, Sarawak, increasing output capacity by 3.6 million tons a year, it said. The project is scheduled to start in the fourth quarter of 2015.
The new train will require as much as 850 million standard cubic feet a day of natural gas coming from offshore fields near Sarawak, the company said.
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Posted by Wata
Dateline 2012-02-23:
Malaysian state oil firm Petroliam National Bhd (Petronas) has inked a more than 80 billion Malaysian ringgit ($26.4 billion) deal extending the supply of gas to Gas Malaysia Bhd for another 10 years.
The new supply agreement, which has the option to extend for another five years, is one of the requirements for Gas Malaysia to list on the local bourse this year, a source close to the deal told Reuters on Thursday.
“The value of the 10-year contract is worth more than 80 billion ringgit,” the source said, declining to be named due to the sensitivity of the contract value.
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Posted by Wata
Would you agree?
Dateline 2012-02-16:
Lim Guan Eng chastised the Najib administration today for failing to keep Tan Sri Hassan Marican within its ranks, saying the former Petronas CEO’s latest appointment in Singapore showed Malaysia’s failure to plug its talent leak.
The Penang chief minister referred to Hassan as a rare talent and expressed sadness that the latter has been widely appreciated abroad and among big multinational corporations “but not at home”.
“This is extremely sad, especially when Tan Sri Hassan is widely credited as the man who turned Petronas into the leading international oil and gas company that it is today,” Lim said in a statement.
The Malaysian Insider yesterday cited a report by news portal Energy Asia revealing that Hassan is set to become chairman of Singapore Power Limited (SP) in June, succeeding Ng Kee Choe who will retire on June 12.
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Posted by Wata
Dateline 2012-02-15:
Petroliam Nasional Bhd’s (Petronas) two new gas discoveries offshore Sarawak will continue to fuel the excitement for oil and gas investments in and around the state.
According to an analyst from AmResearch Sdn Bhd (AmResearch), while these new gas finds would need another three to five years of analysis and interpretation of seismic data before progressing to the initial development phase, this would certainly provide excitement to the industry here.
“Sarawak is a major state gas producer and exporter, with the country’s only liquefied natural gas plant located in Bintulu,” the analyst highlighted.
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Posted by Wata
Someone asked me about definitions, IOR, EOR, secondary oil recovery, tertiary etc. I say, look at Schlumberger Oilfield Glossary.
Dateline 2012-01-19:
Malaysia plans to launch the world’s biggest offshore enhanced oil recovery (EOR) project that will have a positive impact on the country’s oil reserves, Prime Minister Najib Razak said Monday.
The RM38 billion (S$15.5 billion) project is a joint-venture between national oil company Petronas and Shell Malaysia that will last 30 years.
“I am confident that this landmark undertaking will prove another significant milestone, not only for Petronas but for Malaysia’s development as well,” Mr Najib said at the signing of two new production-sharing contracts between Petronas and Shell.
The EOR technology, which will be employed in the Baram Delta and North Sabah fields, will help to boost the recovery efficiency of the oil fields to about 50 per cent and extend the fields’ life to beyond 2040.
If the project is successful, it could lead to the world’s first offshore Alkaline Surfactant Polymer EOR project using horizontal wells. It will also provide additional supplies for the country’s power and industrial needs, and promote organic growth in the oil, gas and energy sector, reported The New Straits Times.
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Posted by Wata
Support me by purchasing my recommendations, or buying through my Amazon store. I need the money to pay for running this site. Corporate level sponsors are encouraged.
If you need my help to submit your CVs, donate to the blog, and I’ll review your CV to see if it is worthy of my (and my associates’) expectations. If you can’t figure out how to donate, no need to ask.
May I suggest that readers install the Waze app on their phones? And use it as much as possible? It says its a “a social mobile application providing free turn-by-turn navigation based on the live conditions of the road. 100% powered by users, the more you drive, the better it gets. Join the community of drivers in your area today!” It’s definitely getting better for the Klang Valley area, though we need more users from East Malaysia.
Support your local bookshop! Visit Bookalicious at The Summit Subang, good selection of imported books. I think they focus on trilogies, quadrilogies, and otherologies. Tell them I sent you, and enjoy the look of perplexity on their faces
Let’s talk a bit about deepwater books:
Deepwater Petroleum Exploration & Production, A Sea in Flames, Disaster on The Horizon
My food recommendation? Try Restoran Berlado at the Seri Menati Resort. Tell them that Wata sent you. And join the Seri Menanti Royal Golf Course. Pay for my membership as well
15 Comments | engineering, oil and gas | Tagged: Bookalicious, JX, Nippon, Petronas, Synergy, Waze | Permalink
Posted by Wata
Dateline 2011-12-31:
2011 was an active year for Petronas with the national oil company increasing its presence in Sabah and re-energising the state’s oil and gas industry.
Petronas this year announced a whopping investment and its commitment to a combined capital expenditure of RM45 billion to implement an integrated oil and gas master plan for Sabah, involving the development of several upstream and downstream projects over the next few years.
The announcement received positive reactions and all-round support from the majority of the people and state leaders alike, although some said there was still room for improvement in Petronas’ presence in Sabah.
On Aug 4, Petronas general manager for Sabah and Labuan Regional Office, Joseph Podtung, said some of these projects had already started while others were expected to commence soon.
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Posted by Wata
Dateline 2011-12-23:
Petronas is in talks with several global oil majors including Shell (RDSa.L) and Exxon Mobil (XOM.N) to develop petrochemical plants within its $20 billion refinery complex in southern Malaysia, two sources with direct knowledge of the matter said.
Malaysia’s national oil company is also talking to Japanese firms Itochu Corp (8001.T) and Mitsubishi Corp (8058.T) as well as to Dow Chemical Co (DOW.N) — the largest U.S. chemical maker — as it seeks to tap surging Asian demand and diversify its earnings, the sources told Reuters
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Posted by Wata
Dateline 2011-12-14:
With 22 identifiable marginal oilfields to be developed over the next few years, the next risk service contracts (RSC) will probably be awarded by mid-2012 since potential bidders would have submitted their proposals by the first quarter of the year.
“Petronas is not limiting development plans for the marginal fields. Instead the oil players are free to devise their game plan, subject to Petronas’ approval. They could also participate in fields of their choice as well as with their preferred local working partners,” said HwangDBS Vickers Research Sdn Bhd (HwangDBS Research) in a research note yesterday.
There were many foreign oil companies, which focused largely on marginal oilfields including London-based Petrofac, US-based Newfield Exploration Co, UK-based Salamander Energy Plc, Abu Dhabi’s Mubadala Oil & Gas, Australia’s Roc Oil Co Ltd, French-founded Perenco Group and Swedish Lundin Petroleum AB.
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Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 