January 31, 2016
Nice to see PETRONAS in the news, in a positive light. Kipidap! (that’s to annoy my children). Though on second reading… 2014?
Dateline 2015-01-29, Rigzone:
Southeast Asia’s largest offshore Enhanced Oil Recovery (EOR) project, costing $2.5 billion, became operational at Malaysia’s Tapis field in September 2014, marking the culmination of a three decade-long journey for the country’s national oil company (NOC) Petroliam Nasional Berhad (PETRONAS).
The firm became interested in EOR in 1986 when a study was made for Malaysian oilfields. But another decade passed before the first EOR evaluation took place at the Dulang field offshore Terengganu. In 2002, PETRONAS designated EOR as a strategic project, a move enabling the initiative to secure the necessary direction and funding, paving the way to realize the Tapis project.
The Tapis project, undertaken by PETRONAS Carigali Sdn Bhd and ExxonMobil Exploration and Production Malaysia Inc. in a 50:50 joint venture, is also one of the world’s largest water alternating gas (WAG) offshore EOR developments.
January 16, 2015
Dateline 2014-11-04, Hellenic Shipping News:
Premiums paid for Malaysia’s benchmark light sweet crudes extended their decline to a fresh two-year low Monday as fragile petroleum refining margins and competition from non-regional grades dented end-user demand, while the influx of new Kimanis crude added to concerns over recent oversupply conditions, traders said.
Malaysia’s Labuan crude was assessed at a $4.70/barrel premium to Dated Brent on Monday, its lowest level since touching a premium of $4.49/b on August 21, 2012, while the premium for Tapis crude to Dated Brent fell to $2.30/b on Monday, its lowest level since August 15, 2012, when the crude was assessed at Dated Brent plus $2.30/b.
Kikeh was last assessed at a premium of $4.40/b on Monday, its lowest point since $3.92/b on August 13, 2012.
November 23, 2013
From The Malaysian Reserve, dateline 2013-10-03:
The Tapis Enhanced Oil Recovery (EOR) project is moving a step closer to production with the significant completion of the main central processing facility called Tapis-R topsides.
The project will see the oil production from the ageing Tapis field increase from the current estimated 5,000 barrels per day to a maximum output of 25,000-35,000 barrels per day (bpd) by 2017.
The EOR is a 50:50 participation between ExxonMobil Exploration & Production Malaysia Inc (EMEPMI) and Petronas Carigali Sdn Bhd (PCSB).
November 15, 2013
Isn’t Tapis ExxonMobil’s field?
Dateline 2013-09-25, The Star:
Petroliam Nasional Bhd expects Malaysia’s first large scale enhanced oil recovery (EOR) project to boost oil production at the Tapis oilfield offshore peninsular Malaysia by up to 35,000 barrels per day from between 3,000 and 4,000 barrels currently.
Head of EOR programme, exploration and production technology division Dr Nasir Darman said using the water-alternating-gas (WAG) injection measure, the depleting Tapis oilfield will be injected with gases from nearby Guntong oilfield to increase pressure and enhance oil production.
Production, he added, is expected to start in the first half of next year. “At peak, the project is expected to produce between 25,000 and 35,000 barrels per day of oil in 2016 and 2017,” he told reporters in a briefing at the Malaysia Marine and Heavy Engineering Bhd (MMHE) fabrication yard here on Tuesday.
October 24, 2013
Really? Heck, they why do they complain when us Malaysian first class engineering companies don’t charge third-world prices? or when we want to pay our slaves … er, shining technical staff, the same pay grade as them?
The Malay Mail, dateline 2013-09-04:
Petronas today clarified there is a common misconception that Malaysia will be able to produce cheaper petroleum products such as gasoline and diesel if it were to produce and consume its own crude oil.
However, the national oil corporation said that the Tapis blend of crude oil found in Malaysian waters was the most expensive crude feedstock.
As such, by exporting its Tapis blend and importing the lesser quality sour crude for its own domestic consumption, Malaysia has benefitted further by reaping higher for its crude oil natural resource while ensuring energy security for its own domestic consumption.
August 3, 2013
Dateline 2013-07-05, Sin Chew:
Malaysia is set to enhance its crude oil recovery from its maturing oil fields through the Enhanced Oil Recovery (EOR) technology using its own expertise in petroleum engineering.
Works are already underway to implement EOR at the Tapis oil field located about 200 kilometres off Terengganu that produces extra-light and low-sulphur crude oil.
Tapis is one of seven mature offshore fields that ExxonMobil Exploration and Production Malaysia Inc. (EMEPMI) and PETRONAS Carigali Sdn Bhd (PCSB) have agreed to develop as part of a 25-year production-sharing contract that was finalized in 2009.
The EOR is a major engineering milestone for the country as local companies like SapuraKencana Petroleum Bhd and Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) are involved in fabricating the jacket and deck respectively.