TotalEnergies, Petronas Carigali, and Shell Sign PSC for Ultra-deepwater Offshore Block in Malaysia

January 17, 2023

Dateline 2022-10-13, Offshore Engineer:

Malaysia’s Petronas has signed a Production Sharing Contract (PSC) with TotalEnergies, Petronas Carigali, and Shell for Block 2K, an ultra-deepwater block off the coast of Sabah, Malaysia.

According to Petronas, Block SB 2K, with a depth of up to 3,000 meters, covers an area of 1,952 sq km and is located in the prolific north-west ultra-deepwater area within a proven hydrocarbon basin with promising hydrocarbon potential.

Under the PSC terms, TotalEnergies will be the operator with a 34.9 percent stake. Petronas Carigali will hold a 40 percent stake, and Shell the remaining 25.1 percent.

Shell to invest in second Malaysia oil, gas project in a month

January 4, 2023

Dateline 2022-10-03, Reuters:

Shell PLC announced a second investment in Malaysia’s oil and gas sector in a month as the major and its partners, including Petronas, aim to revive output in an environment of tight global supply.

Shell’s decisions come after the war in Ukraine disrupted Russian oil and gas supplies and boosted prices. Oil and gas producers in Asia are struggling to sustain output after years of under-investment in the sector as international companies scaled back to focus on exploration and production in Africa and the Americas.

Mubadala makes gas find off Malaysia

January 2, 2023

Dateline 2022-09-27, Market Screener:

UAE-based Mubadala Petroleum and its partners Shell and Malaysia’s Petronas have made a sizable natural gas discovery at Block SK320 off the coast of Bintulu, Sarawak, in Malaysia, Petronas said on September 20.

The discovery was made with a well drilled to a depth of 1,680 metres. The well encountered a gas column more than 110 metres in length, in good-quality carbonate reservoirs.

Mubadala operates the block with a 55% stake, while Petronas has 25% and Shell has 20%.

In a statement, Petronas said the find added to “a string of exploration successes in the Central Luconia region,” and confirmed the “large potential” of the region’s carbonate play.

Shell, Petronas to develop Rosmari-Marjoram gas fields off Malaysia

November 16, 2022

Dateline 2022-09-05, Reuters:

Shell Plc (SHEL.L) on Monday said it would invest with Malaysian state oil firm Petronas to develop the Rosmari-Marjoram gas fields in the Southeast Asian country’s waters.

The Rosmari-Marjoram fields are situated 220 km (136.7 miles) off the coast of Bintulu in the Malaysian state of Sarawak.

The project is designed to produce 800 million standard cubic feet of gas per day, with gas production expected to start in 2026, Shell said in a statement.

Samsung wins $680m engineering deal for Shell gas plant in Malaysia

October 14, 2022

Dateline 2022-07-14, Energy Voice:

South Korea’s Samsung Engineering has won a $680 million engineering, procurement, construction and project management contract to build an onshore gas plant for Shell’s Rosmari Marjoram development in Sarawak, Malaysia.

Samsung said yesterday that the project will be executed in two phases; a limited scope prior to Shell obtaining a final investment decision (FID) for the Rosmari Marjoram project; with all of the remaining scope to be executed after Shell approves FID.

Shell weighs up drill drive offshore Malaysia

March 27, 2022

Still Anglo Dutch?

Dateline 2022-02-07, Upstream Online:

Anglo-Dutch supermajor Shell is gearing up for a drilling campaign offshore Sarawak, East Malaysia following a geotechnical investigation that is scheduled to start within days.

Shell has its eye on exploration and development drilling at four locations off the coast of Sarawak, with wells expected to be spudded this year.

The exploration prospects on the operator’s radar are Davana, Keremak and Ruku-Ruku, while drilling on its Selasih producing field is also on the cards.

Shell wins Malaysia offshore exploration block

August 4, 2021

Is Shell exiting, or wo’? Maybe it will exit PETRONAS , and enter PETROS?

Oo, and the page has an article titled “Petronas surrenders to Sarawak tax demands as CEO walks

Dateline 2021-07-29, Energy Voice:

Significantly, Sarawak state-energy company Petroleum Sarawak (PETROS) will hold a minor stake in Block SK437, marking its first involvement in an offshore exploration production-sharing contract (PSC).

Shell will operate the 2,015 sq km block, which lies southwest of the Central Luconia province in waters 50 metres deep, with an 85% interest. Malaysian national oil company (NOC) Petronas Carigali and PETROS will each hold a 7.5% stake in the acreage.

Since the 1970s, significant oil and gas reserves have been discovered offshore the eastern Malaysian state of Sarawak, which have helped supply one of the world’s largest liquefied natural gas (LNG) export plants in Bintulu.

One injured after underground tank at Sibu petrol station catches fire

August 3, 2021

Why is the IEM OGMTD not making press statements about this? First thing is, how the heck does an underground tank catch fire? There ain’t enough oxygen.

Dateline 2021-07-27, Malay Mail:

An employee was injured after the underground tank at a petrol station at Jalan Brother Albinus here caught fire around 10am today.

An explosion was heard as the fire sent a thick plume of smoke high above the side of the petrol station.

Members of the public in the vicinity were seen running helter-skelter.

Staff of the petrol station managed to put out the fire with fire extinguishers before it caused further damage.

Shell launches sale of stakes in Malaysian oil and gas fields -document

July 31, 2021

Dateline 2021-07-22, Reuters:

Royal Dutch Shell (RDSa.L) launched the sale of its stakes in oil and gas fields it does not operate off the coast of Malaysia, according to a document seen by Reuters.

The Anglo-Dutch company announced in March that it was considering selling its stakes in the Baram Delta EOR and the SK307 production-sharing contracts which are operated by Petronas Carigali Sdn Bhd, a unit of state energy firm Petronas.

The sale process for the two stakes, launched this month, is being run by investment bank J.P. Morgan, according to the sales document.

How S’wak is benefiting from Sabah’s oil and gas

December 1, 2020

Dateline 2020-11-01, Daily Express:

THE idiom “a slap in the face” means a sharp rebuke or rebuff. Shell’s planned pull out is an extensive pull-down for Sabah fragile economy. 

Besides its promises, it has been and will continue to make millions from the pumping of our petroleum out of its two deep water wells. Shell is not pulling out of Malaysia. It is moving its upstream office out of KK and will build a new office to house them in Miri. The question is what are the underlying factors that have led to the Shell pull out.

Impotent words from Sabah politicians. Sabah political leaders have united for once to beat their war drums, showing their rage on this Shell pull out.