Japan’s Inpex secures two offshore blocks in Malaysia in gas expansion bid

May 29, 2023

Dateline 2023-02-15, Reuters:

Inpex 1605.T, Japan’s top exploration and production company, has secured new production sharing agreements with Malaysian companies Petronas and Petroleum Sarawak Berhad (Petros) located offshore of the state of Sarawak, Inpex said on Wednesday.

Companies from Japan, a resource-poor nation, are trying to expand their presence in global fossil fuel projects, from oil to liquefied natural gas, and are also developing renewable energy, including at home, to diversify energy sources.

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Longboat Energy Set to Tap into Malaysia’s Offshore Gas Potential with Block 2A PSC

May 25, 2023

Dateline 2023-0215, Offshore Engineer:

Longboat Energy, an oil and gas company so far mostly focused on offshore oil and gas operations offshore Norway, is expanding internationally with the recent award of an offshore exploration block in Malaysia.

Longboat said Wednesday it had won a Production Sharing Contract (“PSC”) for Block 2A, a large exploration block offshore Sarawak, Malaysia, “with material gas resource potential.”

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Malaysia’s probable and proven petroleum reserves at 6.9 billion barrels, about 61% in Sarawak, says Azalina

May 24, 2023

Dateline 2023-02-15, The Bono:

Malaysia’s probable and proven reserves of petroleum, which is indicated as its 2P reserves, totalled 6.9 billion barrels of oil equivalent (boe), of which 4.2 billion boe are in Sarawak, followed by 1.3 billion boe in Sabah.

Generally, 2P reserves have a more than 50% chance of being technically and economically possible to be produced.

The country’s petroleum reserves could last 15 years based on the reserves life index calculation, according to Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.

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May 23, 2023

Under tow: Borr Drilling’s jack-up rig Gunnlod.Photo: BORR DRILLING

PTTEP appraising Malaysian discovery, eyes cluster development

Dateline 2023-02-07, Upstream:

Thailand’s national upstream company PTTEP has spudded the latest in a string of keenly watched exploration and appraisal wells offshore Malaysia where it is hoping to continue its success of late with the drill bit, firming up more hydrocarbons for a proposed cluster development.

Borr Drilling’s rig Gunnlod is drilling the Sirung-2 appraisal well located on Block SK 405B offshore Sarawak, East Malaysia.

The successful Sirung-1 wildcat that was spudded in January 2021 discovered both oil and gas.

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Malaysia: PETRONAS signs new Discovered Resource Opportunities PSCs

March 20, 2023

Dateline 2023-01-18, Energy Pedia:

PETRONAS has signed Production Sharing Contracts (PSCs) for three clusters of Discovered Resource Opportunities (DRO) marketed under the Malaysia Bid Round (MBR) 2022.

The A Cluster was awarded to Ping Petroleum and Petroleum Sarawak Exploration & Production (PSEP), while Dialog Resources and PSEP won the bid for the Baram Junior Cluster. Both clusters are located off the coast of Sarawak.

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Malaysia awards three oil, gas production-sharing deals

March 16, 2023

Dateline 2023-01-18, Argus Media:

Malaysia’s state-owned Petronas has awarded three oil and gas production-sharing contracts under its 2022 bidding round, as it looks to maximise the value of the country’s oil and gas resources.

The contracts, awarded under the Malaysia Bid Round (MBR) 2022, are for three clusters of discovered resource opportunities, Petronas said on 17 January. The A and Baram Junior clusters are located off the coast of Sarawak, Malaysia’s biggest oil-producing state, while the Meranti cluster is offshore peninsular Malaysia.

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Strong year for drillers offshore Malaysia, Petronas confirms

March 1, 2023

Dateline 2022-12-23, Offshore:

Petronas and its petroleum arrangement contractors (PACs) achieved 10 hydrocarbon discoveries from 16 wells drilled offshore Malaysia this year.

The tally comprised eight oil and gas finds off Sarawak, and one each offshore Sabah and Peninsular Malaysia. The largest oil discovery was Nahara-1 in Block SK306 in Sarawak’s Balingian province.

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POSCO, Malaysia’s Petros to join forces on carbon capture business

February 17, 2023

Dateline 2022-12-12, The Korea Economic Daily:

POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, said on Monday it has joined forces with Malaysia’s energy firm Petroleum Sarawak Bhd to push ahead with a carbon capture and storage project in Sarawak, Malaysia.

POSCO International Corp., POSCO Engineering & Construction Co. and Petroleum Sarawak, more commonly known as Petros, have signed a memorandum of understanding on the CCS project, according to the Korean company.

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Sarawak aspires to be in the lead in renewable energy

February 6, 2023

Dateline 2023-11-04, Borneo Post:

Sarawak wants to be in the lead for renewable energy in Asia and maintains at least 60 per cent renewable energy capacity mix by 2030.

Deputy Minister for Energy and Environmental Sustainability Dr Hazland Abang Hipni said Sarawak’s desire to achieve 600,000 tonnes of carbon emission reduction through mobility electrification could be achieved with the cooperation of all relevant parties.

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Mubadala Discovers Gas Field Off Malaysia

February 3, 2023

Dateline 2022-11-01, JPT:

Mubadala Energy and its partners have announced a new gas discovery offshore Malaysia via the Cengkih-1 exploration well in Block SK 320. The exploration well was drilled to a total depth of 1680 m and encountered a 110-m gas column in the Miocene Cycle IV/V pinnacle carbonate reservoirs. The Cengkih-1 well is located nearly 220 km off the Bintulu coast in Sarawak.

The discovery is near the Pegaga gas field, also located within Block SK 320. Mubadala Energy and its partners began production from the Pegaga field in March 2022.

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