Local O&G companies continue to be hurt by 2014 oil rout

March 18, 2019

I hurt.

Dateline 2019-02-18, Malaysian Reserve:

The 2014 global oil rout continues to impact the oil and gas (O&G) sector in the country.
Perisai Petroleum Teknologi Bhd’s regularisation plan was rejected by Bursa Malaysia and its share was suspended on Jan 22. The company had appealed the decision on Feb 8 and its official delisting from the Main Market is pending the outcome of the appeal.
CLIQ Energy Bhd distributed RM6.12 million from its trust account to shareholders on Jan 31 after the special-purpose acquisition company failed to secure a qualifying asset within the three-year deadline and will soon be delisted.
Scomi Group Bhd is also reeling from the 2014 oil fiasco.

Malaysia’s Scomi Lays Off Only Contract Staff in Current Industry Downturn

November 5, 2015

Rigzone pulled down the article, and I can only get 2nd hand new sources. What gives?

Dateline 2015-10-01, Rigzone (original), wn.com (2nd hand):

Malaysia’s Scomi lays off only contract staff, who made up 3 percent of its total workforce in the oilfield services unit in 2015, according to an executive at the HR & Recruitment Roundtable Summit in Kuala Lumpur organized by Rigzone. …

PETRONAS Approves Development Plan for Malaysia’s Offshore Ophir Oil Field

October 1, 2015


Dateline 2015-09-01, Rigzone:

Australia’s Octanex N.L. disclosed Tuesday that Malaysia’s state-owned oil and gas company Petroliam Nasional Berhad (PETRONAS) has approved the revised field development plan (FDP) for the Ophir oil field in Block PM 305, offshore Peninsular Malaysia.

Work on the $90 million Ophir field project, which is being developed under a Risk Sharing Contract (RSC) granted in 2014 to Ophir Production Sdn Bhd (OPSB), will commence immediately. OPSB is a joint venture company comprising Octanex (50 percent), Scomi Energy Services Bhd (30 percent) and Vestigo Petroleum Sdn Bhd (20 percent).


OPSB Secures Financing to Develop the Ophir Oil Project Offshore Terengganu

October 7, 2014

Dateline 2014-07-27, Rigzone:

Octanex N.L. announced Thursday that limited recourse project finance has been secured for the development of the Ophir field, offshore Terengganu, Malaysia.

Octanex is a 50 percent shareholder in Ophir Production Sdn Bhd (OPSB) which was awarded the Ophir Risk Service Contract in June. Octanex’s joint venturers in OPSB are Scomi Energy Services Bhd, a Malaysian downstream oil and gas services company listed on the Main Board of Bursa Malaysia with a 30 percent interest, and Vestigo Petroleum Sdn Bhd, a wholly owned subsidiary of Petronas, incorporated in 2013 with a focus on the development of small, marginal and mature fields, holding a 20 percent interest.

Ophir Production to Develop Ophir Oil Field Offshore Terengganu, Malaysia

August 10, 2014

Dateline 2014-6-12, Rigzone:

Scomi Energy Services Bhd (SESB or Company) announced Wednesday that Ophir Production Sdn Bhd (OPSB), a joint venture firm — in which SESB’s wholly-owned subsidiary Scomi D & P Sdn Bhd (SDP) has a 30 percent interest — signed a seven year Small Field Risk Service Contract (SFRSC) with Malaysia’s national oil and gas company Petroliam Nasional Berhad (Petronas) June 11 to develop and produce petroleum from the Ophir field, offshore Terengganu, Malaysia.

OPSB will execute the approved Field Development Plan (FDP) with planned development activities, which include the drilling of wells, the installation of a production platform and export and storage of oil via a floating storage facility. The development phase will cost an estimated $135 million, with first oil production expected in 18 months.


Saturday Star 2011-03-12 – Job Opportunities

March 14, 2011

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.

First off, 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.

  • SBM are looking for a looot of people, so I guess the international FPSO/floating solutions market is growing. They want principal engineers, senior engineers, operations people, and the non-tech people termed ‘support’. Send email here, or snail mail to SBM Malaysia Sdn Bhd, Suite 2B-09-01, Block 2B, Level 9, Plaza Sentral, Jalan Stesen 5, 50470 KL, or call +603 2773 5300.
  • MECIP is advertising for engineers to work in Bintulu. Find the advert here.
  • Newfield is  looking for a Senior Geophysicist, Senior Reservoir Engineer, Junior Reservoir Engineer, Production Engineer, Static Equipment Engineer. Email your resume in before 31 March, 2011.
  • Petrofac has a four page (count ’em, four!) spread of opportunities. She’s looking for a Commissioning Manager, Offshore Integration Superintendent, Lead Instrument Engineer, Lead Marine Engineer, Lead & Senior Structural Engineer, Senior Electrical Engineer, Assistant Marine Engineer, QA/ QC Engineer.  Contact them here.
  • Scomi is looking for Drilling Fluid Engineers, Drilling Waste Management & Solid Control Engineers (we talking industrial or municipal waste here?), and Service Engineers – Production Chemicals (whew, thought it was other kinds of services). Snail mail to SCOMI KMC Sdn Bhd, Human Resources Department, Level 11, 1 First Avenue Bandar Utama, 47800 Petaling Jaya, or email them here.
  • Talisman is looking for a Senior Geophysicist, Senior Drilling Engineer, Reservoir Engineer, Drilling Supervisor, Night Drilling Supervisor. Apply here, and visit their site.

Here are some ChemEng books selected by Amazon:

Troubleshooting Process Operations, 4th Edition, Process Technology Troubleshooting, Fundamentals of Natural Gas Processing, Second Edition (Dekker Mechanical Engineering)

Cameron and Natco – A Cosy Family

April 11, 2010

Here’s some old news I only heard recently. To quote from the website:

Cameron acquires NATCO and integrates NATCO with Petreco to create Cameron’s Process Systems, the industry’s Total Solution Provider.

Hmm, I haven’t heard of Process Systems, so either it reaaaally isn’t the industry’s TSP, or I’m way behind on reading my trade paper subscriptions.

Now, Cameron has offices in Malaysia which are PETRONAS licensed. So, I wonder how the Scomi Natco tie-up via Scomi NTC is going to proceed?

Then again, Cameron provides valves to UOP, a competitor to NATCO, so I guess companies will jump in bed with whoever provides the most pleasing outcome.

Here’s how I perceive the services provided by the companies mentioned above:

  • Cameron – Wellhead equipment
  • NATCO – Separation solutions
  • Scomi – hmmm, I have had no technical dealings with them. Though it does crop up in the news for other reasons.
  • UOP – Separation solutions