Malaysia’s Petronas says first to produce LNG from 2 floating facilities

April 12, 2021

Dateline 2021-03-25, Nasdaq:

Malaysia’s state oil firm Petronas PETR.UL said on Thursday it had become the first global energy company to produce liquefied natural gas (LNG) from two floating production units, following its first cargo delivery from the second floater facility.

The Petronas Floating LNG DUA (PFLNG DUA), sitting off the coast of Sabah on Malaysia’s Borneo island, has a production capacity of 1.5 million tonnes of LNG per year and operating at the water depth of 1,300 metres, the firm, formerly known as Petroliam Nasional Berhad, said in a statement.


Petronas readies 13 blocks for 2021 offshore round

March 11, 2021

Historical news.

Dateline 2021-02-22, Energy Voice:

Malaysia will offer 13 offshore exploration blocks, including discovered fields and deep-water opportunities, as part of its Malaysia Bid Round (MBR) 2021 due to launch on 26 February.

Included in the round are six discovered fields to incentivise investors to undertake more extensive exploration activities within those blocks, Malaysian national oil company (NOC) Petronas said Friday. This year’s round also features four deep-water blocks next to the coast of Sarawak and Sabah, which saw prominent exploration discoveries in recent years, added Petronas.

The round will be launched virtually in Kuala Lumpur, Malaysia and live-streamed to three different markets in North America, UK and Europe, as well as Asia Pacific. Themed ‘Grow your Energy Portfolio with Us’, MBR 2021 aims to attract investors with unique capabilities to unlock the full potential of the hydrocarbon resources in Malaysia.


ConocoPhillips wins Malaysia Block offshore Sabah

March 9, 2021

Hey, it’s a shallow water block.

Dateline 2021-02-22, Energy Voice:

Malaysia has awarded shallow-water exploration Block SB405 to U.S. major ConocoPhillips off the coast of Sabah.

The award is expected to help bolster interest in exploration activities offshore Sabah with more block investment opportunities on offer, Malaysian national oil company (NOC) Petronas said Friday.

ConocoPhillips will operate Block SB405 with an 85% interest. Petronas Carigali, the upstream division of the NOC, will hold the remaining 15% stake. ConocoPhillips already holds interests in five production-sharing contracts (PSCs) in Malaysia; Block J, G and Kebabangan offshore Sabah, as well as SK304 and WL-00 offshore Sarawak.


ConocoPhillips boosts Malaysian portfolio with new shallow-water block award

February 27, 2021

Dateline 2021-02-19, Upstream:

US independent giant ConocoPhillips has been awarded a new shallow-water exploration block offshore Sabah, East Malaysia.

Block SB 405 covers 5857 square kilometres in the North East Sabah basin, off the coast of Sandakan.

Water depths at the acreage are up to 100 metres.

“The entry of ConocoPhillips with its world-class proprietary seismic technology into Block SB 405 is expected to enhance the hydrocarbon resource potential off the coast of Sabah,” said senior vice president of Malaysia Petroleum Management, Mohamed Firouz Asnan.

“This is an area that has a proven working petroleum system with previous discoveries such as Kuda Terbang and Nymphe fields.”


PTTEP move strengthens investment in Malaysia

February 26, 2021

Dateline 2021-02-17, Bangkok Post:

PTT Exploration and Production Plc (PTTEP) has started its natural gas production at Rotan and Buluh deepwater fields of Block H off the coast of Sabah, Malaysia, marking its move to strengthen investment in Malaysia.

The production will increase the company’s petroleum supply and sales volume in the neighbouring country.

The first gas production in Block H came after its wholly-owned subsidiary PTTEP HK Offshore Co successfully completed the Lang Lebah-2 appraisal well in the Sarawak SK 410B Project. The drilling result registered a new record for PTTEP’s largest gas discovery.


Petronas’ Floating LNG Facility PFLNG Dua Produces First LNG

February 25, 2021

Dateline 2021-02-15, OE:

Malaysian oil and gas giant Petronas said Monday that its PFLNG Dua floating LNG facility has recently produced its first LNG. This is the company’s second FLNG Unit, and its first deepwater FLNG facility.

The PFLNG Dua is located at the Rotan gas field, 140km off Kota Kinabalu, Sabah, Malaysia.

“In collaboration with its upstream Production Sharing Contract partner, PTT Exploration and Production, it has successfully completed the subsea commissioning phase and achieved its first has on 6 February 2021,” Petronas said.


Sabah to follow Sarawak in pursuing oil and gas rights

December 24, 2020

Dateline 2020-12-08, Straits Times:

Sabah will follow Sarawak in pursuing its rights, particularly where oil and gas are concerned.

Deputy Chief Minister Datuk Seri Jeffrey Kitingan congratulated Sarawak for reclaiming its rights, adding that the Sabah government would ensure the same for the state.

He was referring to the Sarawak government signing a commercial agreement with Petroliam Nasional Bhd (Petronas) on Monday which allows the state, through its subsidiary Petroleum Sarawak Bhd (Petros), to play a bigger role in the oil and gas industry through cooperation with Petronas.

“Kudos to the Sarawak government for reclaiming their rights. It is no secret that the Sarawak government had been doing all the heavy lifting in this fight and we are grateful for their efforts.


Warisan rep chides ex-colleague over petroleum sales tax issue

December 9, 2020

Dateline 2020-11-12, FMT:

There is no truth to claims that former Sabah chief minister Shafie Apdal did not pursue the 5% sales tax on petroleum products because he was worried about offending former PM Dr Mahathir Mohamad.

Warisan’s Merotai assemblyman Sarifuddin Hata came to his party president’s defence today following comments by former assistant finance minister Kenny Chua on the issue.

Yesterday, Chua had agreed with STAR’s Tulid assemblywoman Flovia Ng’s allegation over Shafie’s refusal to pursue the matter until after the fall of the Pakatan Harapan government in February this year.


Malaysia’s Petronas to pay Sabah state $303 million in sales tax next year

November 30, 2020

Dateline 2020-11-08, Reuters:

Malaysian state-owned energy giant Petronas is expected to pay the resource-rich state of Sabah 1.25 billion ringgit ($303 million) in sales tax next year, state media said.

Sabah Deputy Chief Minister Jeffrey Kitingan said Prime Minister Muhyiddin Yassin had agreed for the state to collect the 5% tax from Petronas next year, Bernama news agency said late on Saturday.


A plea to CM Hajiji: Halt Shell’s move to Miri

November 13, 2020

Ah, politiking continues.

Dateline 2020-10-23, FMT:

Shell’s announcement on Oct 15 that the Plaza Shell office in Kota Kinabalu would be closed, with a relocation of all Sabah staff to Miri next year, was met with silence.

The Kota Kinabalu office was set up in November 2015 with promises of Shell’s significance presence, strategic partnership and offer of measurable progress for the state. This change of commitments, a sad truth on the change of events, draws much reservation, suspicion and unveils broken promises from Shell to the state, its people and communities.

The well established and progressive 200 Shell staff, occupying four floors of the 14-storey Plaza Shell, a distinguished landmark in Kota Kinabalu located strategically in the city’s business district may see the last of its pivotal presence very soon. Their lives, sadly, may never be the same again.