"corporate client services" and "private client services"
http://www.offshore4asia.com/labuan
Offshore Financial Park
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Ship Registration
http://www.simplyoffshore.com/v2/international-ship-registry.html
http://www.etawau.com/Labuan.htm
http://www.liia-labuan.org/gallery/
Latest Oil & Gas information - Borneo NewsPost
1.
http://www.thestar.com.my/Business/Business-News/2013/07/03/World-Bank-Petronas-investments-ensure-sustainable-oil-wealth/?
2.
http://themalaysianreserve.com/main/news/corporate-malaysia/3869-petronas-to-increase-capex-usage
In The State of Sarawak, East Malaysia,The Borneo Island,
The first oil found at Canada Hill in MIRI, 10 August, 1910
Petroleum Science museum & Grand Old Lady
Interested to know more about the picture is so click here;
http://images.google.com/search?q=Grand%20old%20lady%20miri&biw=1241&bih=567&sei=LXpzUYr1BMK5rge57IGABw&tbm=isch
Samur & Sogip Project Development Latest News
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Sipitang Oil & Gas Industrial Park (SOGIP)
http://www.mprc.gov.my/our-businesses/sipitang-oil-gas-industrial-park-sogip
http://www.hydrocarbons-technology.com/projects/sabah-terminal/sabah-terminal1.html
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Sipitang, Sabah is just opposite Labaun Island
BORNEOFFSHOREPOST- LATEST NEWS
Email: [email protected]
Strategic Marine Delivers Crew Vessel to ASB Maritime Resources, Malaysia Strategic Marine continues to be a dominant player in the crew boat market, delivering another 40 metre vessel into Malaysia from its Singapore shipyards to support the growing offshore oil and gas industry.
The ‘ASB Mutiara 5′ was handed over to Malaysia-based global infrastructure company ASB Maritime Resources (L) Ltd, a joint venture between Asian Supply Base Sdn Bhd and Tiong Woon Corporation Holding Ltd.
The crew boat is now operating in the Labuan oil fields in East Malaysia as part of the joint venture partners’ marine transport operations and is the first vessel of its type to be registered in the state of Sabah.
Managing Director, Singapore Ron F. Anderson said the ‘ASB Mutiara 5′ was the twelfth crew boat to be built at Strategic Marine’s Singapore Shipyard for delivery to the Malaysian market.
“This project is an endorsement of Strategic Marine’s commitment to design and delivery excellence and marks the start of a long partnership with ASB Maritime Resources,” Mr Anderson said.
“It is another step towards our goal of gaining market leadership in the crew boat market throughout Asia, the Middle East, Africa and the Americas.
“In order to meet this growth, our Singapore shipyard is undergoing a major expansion. Planning and approvals are almost complete for dredging the waterfront for a 3.5m draft at zero tide, the installation of finger piers for a 500 tonne mobile boat hoist and a new workshop extension which are expected to be completed before the end of 2011.”
Dato’ Harris Bin Hj. Annuar Tan, Chief Executive Officer of Asian Supply Base Sdn Bhd said during the official launching of ‘ASB Mutiara 5′ that Strategic Marine’s vast experience in building aluminium hull fast crew boats put this new vessel in a class of its own.
“The company is very excited with the new crew boat as it marks another milestone in our diversification plan to become a fully integrated supply base,” Dato Harris said.
“The ‘ASB Mutiara 5′ is a vessel of the highest quality and fits very well with the company’s goals, objectives and strategies to stay ahead in the global marine and offshore arena by providing the best level of service to meet our customers’ needs,”he said.
“It was delivered within the scheduled timeline to exacting standards and Strategic Marine kept us up-to-speed with the construction process at all times.
“We are looking forward to continue working with Strategic Marine to take advantage of the vast opportunities in the Malaysian oil and gas industry and I’m sure this will be the first of many vessels to service the Kota Kinabalu oil fields.”
The ‘ASB Mutiara 5′ can transfer up to 58 oil rig personnel at a comfortable cruising speed of 25 knots, powered by two Cummins KTA38 M2 engines and one Cummins KTA50 M2 engine. The vessel can carry 55,000 litres of fuel and 25,000 litres of fresh water that can be transferred to rigs or other vessels.
Strategic Marine is currently contracted for more than 250 vessels at its yards in Australia, Singapore, Vietnam and Mexico.
Tiong Woon is an integrated services company in Asia which possesses heavy lift, heavy haulage, marine transport services and a fabrication yard. It specialises in oil and gas offshore platform construction, marine vessel fabrication, repair services and heavy steel module fabrication.
Asian Supply Base Sdn Bhd is the provider of integrated logistic services and facilities to meet the requirement of the oil and gas exploration, development and production activities off the coasts of Sabah Sarawak and Brunei.
About Strategic Marine
Strategic Marine is a dynamic Western Australian-owned international shipbuilding company with a rapidly growing reputation for producing quality, high performance vessels for markets across the globe. Strategic Marine has consolidated their position as a global shipbuilder, with established shipyards in Western Australia, Singapore, Vietnam and Mexico, collectively employing over 1,500 staff.
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ROC advises that BC Petroleum Sdn Bhd (“BCP”), the company incorporated to operate and manage the Balai Cluster Risk Service Contract (“RSC”) in Malaysia, commenced drilling the West Acis-2 well at 0230 hours (Malaysian time) on 28 March 2013.
Borneo News @1
West Acis-2 is the fourth well in the pre-development phase drilling programme in the Balai Cluster. At 0630 hours (Malaysian time) on 28 March 2013 the well was drilling ahead at a measured depth of approximately 250 metres.
West Acis-2 is located in the West Acis field, offshore East Malaysia, and has a planned target total depth of approximately 2,440 metres subsea.
The Balai Cluster RSC consists of four fields: Balai, Bentara, West Acis and Spaoh. The pre-development phase commenced early 2012 and is expected to be completed during 2013. On successful completion of the pre-development phase and agreement on the economic viability of the fields, BCP will submit a field development plan and progress to development of the fields.
Shareholders of BCP are ROC (48%), Dialog Group (32%) and PETRONAS Carigali (20%)
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Borneo News @3
2013 Business analyst grows trend for Malaysian Oil & Gas
RM3b Petronas job awards soon
Posted : 2013/03/19
PETROLIAM Nasional Bhd (Petronas)is poised to award as many as 34 offshore support vessel (OSV) contracts worth some RM3 billion over the next few weeks, a key oil and gas analyst says.
“For the OSV contracts that will involve 34 charters, they will be very soon. Some expect the contracts to be as soon as in the first quarter of this year,” OSK Research analyst Danny Chan told Business Times yesterday.
Market talk has it that there are two more waves of OSV contracts to be awarded. The first package will be for offshore charter, where the contract value is said to be in the region of RM3 billion, while the second package will come from the hook-up and commissioning (HUC) jobs from the production sharing contractors (PSCs), with an estimated value of between RM4 billion and RM6 billion for the vessel portion alone.
In anticipation of multiple contract awards, RHB Research said SapuraKencana Petroleum Bhd and Bumi Armada Bhd are its large-cap top picks, while Alam Maritim Resources Bhd and Perdana Petroleum Bhd are its picks among the small caps.
More interestingly, it said in a report yesterday that the national oil and gas company will soon be awarding as many as 10 Risk Service Contracts (RSCs), open to almost all listed Malaysian oil and gas companies.
The initial plan, according to analysts, was that Petronas would award four marginal fields per year. As at end of last year, the national oil and gas company had awarded only three contracts, namely to SapuraKencana Petroleum Bhd and Petrofac Energy Developments Sdn Bhd (Berantai cluster), Dialog Group Bhd and Roc Oil Malaysia (Holdings) Sdn Bhd (Balai cluster) and to Petra Energy Bhd and Coastal Energy Co (Kapal, Banang and Meranti cluster).
The Scomi group had been tipped to win the Tembikai and Chenang cluster offshore Terengganu.
But by late January, Petronas announced that it had aborted plans to award the cluster. That announcement led to speculation that Petronas would no longer award clusters under the RSC.
The RSC model strikes a balance in sharing of risks with fair returns for development and production of already discovered fields. Under this arrangement, Petronas remains the project owner while the contractors are the service providers. Up-front capital investment will becontributed by contractors, who will receive payment starting from first production and throughout the duration of the contract.
The new arrangement facilitates direct participation of Malaysian companies in the country’s upstream oil and gas activities, in line with Petronas’ efforts to leverage on their existing capacity while fast-tracking their capability in development and production in a structured manner.
Oil and gas companies have been hunting for RSCs as over the last couple of years, Malaysia has made a name for itself striking black gold.
Last year alone, Petronas discovered 22 new fields in Malaysia. .
The finds included two major gas reserves offshore Sarawak – the Kuang North and Tukau Timur fields – and additional oil fields in Block PM307 of the Bertam oilfield, off the coast of Pahang.
Copyright © The New Straits Times Press (Malaysia) Berhad, Balai Berita 31, Jalan Riong, 59100 Kuala Lumpur, Malaysia
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Borneo News@4
Alam Maritim Secures Underwater Services Contract-MALAYSIA
http://www.offshoreenergytoday.com/alam-maritim-secures-underwater-services-contract/
Alam Maritim Resources Berhad (“AMRB”) announced that its wholly owned subsidiary, Alam Maritim (M) Sdn Bhd, has received a letter of award from an independent oil and gas exploration and production company for the Provision of Underwater Services comprising subsea inspection, maintenance and repair.
The Contract is for a primary period of three years with an extension option exercisable by the Client for another one year. The Contract is for a value of up to approximately RM182 million.
The risks associated with the Contract are mainly operational risks contributed by human and/or technical inefficiency as well as uncertainties in supply and prices of materials, economic, regulatory and political conditions.
In managing, if not mitigating such risks, the Company will closely monitor the schedules of activities and ensuring timely delivery of main materials and deliverables from third party suppliers/contractors while ensuring strict compliance to the safety and operational procedures in the execution of the Contract.
The Contract is expected to positively contribute to the earnings and net assets of AMRB for the financial year ending 31 December 2013 up to 2017. Notwithstanding this, the Contract is not expected to have any effect on the issued and paid-up share capital and shareholding structure of the Company.
None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in either of the above mentioned Contract.
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Borneo News@5
News Posted :15-03-2013
Japanese firm to build Petronas’ latest LNG train 9
http://www.seashipnews.com/news_content.php?fid=3w3c706
Kuala Lumpur: Japan’s JGC Corp has won a construction contract worth nearly $2bn at a liquefied natural gas project in Malaysia.
Petronas LNG 9, a wholly-owned subsidiary of Petronas, awarded the contract to JGC for the engineering, procurement, construction and commissioning (EPCC) work on an additional train and related facilities at the Petronas LNG Complex in Bintulu.
Train 9 will have a capacity of about 3.6m tons of LNG per year and its feedstock will be supplied from Petronas' newly developed offshore gas fields, off the coast of Sarawak, Malaysia, JGC said.
Work is scheduled for completion at the end of 2015. [15/03/13]
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Borneo News@6
Another PSV for Bumi Armada - Posted 14-03-2013
http://www.seashipnews.com/news_content.php?fid=3w3c703
Kuala Lumpur: Bumi Armada Offshore Contractor has acquired and taken delivery of a multipurpose platform support vessel from Condor Shipco Limited for $15.8m.
The DP2 diesel electric vessel which was re-named Armada Condor was re-built in 2002 which involved extension of vessel length, and the addition of a DP2 system and thrusters.
Bumi Armada’s ceo, Hassan Basma, said: “This acquisition underpins our strategy to provide services to the oil and gas industry as exploration and production moves further from shore to deeper and harsher waters.” [14/03/13]
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Abu Dhabi investing in Malaysian oil terminal - Posted : 13-03-2013
http://www.seashipnews.com/news_content.php?fid=3w3c697
Kuala Lumpur: Abu Dhabi is investing close to $7bn in a new oil storage facility in Malaysia.
The site, based in Tanjung Piai in Johor state, will be able to hold up to 60m barrels of oil. The area is one Malaysian authorities have targeted to be a major alternative oil and gas hub to Singapore. [13/03/13]
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Borneo News @ 7
http://www.prlog.org/10107500-global-process-systems-misc-jv-secures-multi-million-dollar-oil-gas-deal-in-malaysia.html
Global Process Systems-MISC JV Secures Multi-Million Dollar Oil & Gas Deal In Malaysia
MOPU Picture as above
Global Process Systems of Dubai and its joint venture partner MISC Bhd of Malaysia have secured a multi-million dollar oil & gas contract to supply two Mobile Offshore Production Units to PCPP Operating Company Sdn Bhd for use in Malaysian waters.
PRLog (Press Release) - Aug. 20, 2008 -
Global Process Systems Inc. (“GPS”) of Dubai and its joint venture partner MISC Bhd of Malaysia have been awarded a multi-million dollar contract by PCPP Operating Company Sdn Bhd of Malaysia for the lease of two Mobile Offshore Production Units (“MOPUs”) for deployment offshore Sarawak, Malaysia.
The contract is worth approximately US$320 to US$360 million (RM1.07 to RM1.21 billion) with an estimated capital expenditure of between US$150 and US$170 million. PCPP is a joint-venture company between Petronas Carigali Sdn Bhd, Pertamina and PetroVietnam Investment & Development Company.
The project will be undertaken via MISC’s subsidiary, Malaysia Offshore Mobile Production Ltd (“MOMPL”). GPS, an international provider of MOPU solutions, is MISC’s partner in this venture. MISC holds a 70% stake in MOMPL with GPS owning the remaining 30%.
The MOPUs will be deployed on the D30 and DANA Field Development projects on Block SK305 offshore Sarawak, for a contract period of ten years. First oil is expected in June and September 2009 respectively. This marks the first time that PETRONAS, Malaysia’s national oil company, will utilise MOPUs, proven to be a more cost-effective and faster method of bringing hydrocarbons on stream, as compared to conventional production platforms.
On confirming the award, GPS Chief Executive Clint Elgar, said, “This marks another significant milestone for the GPS Group in the MOPU market. We already have three MOPUs in service and this contract to supply two units for deployment in Malaysia is a major achievement for us.” One of the existing MOPUs is in operation at Santos Australia's Maleo Development offshore Indonesia, while the other two are in operation in Malaysian waters for Murphy Oil and for Petrofac on its Cendor Development.
The upgrade and conversion works of the MOPUs for PCPP will be undertaken by MISC’s wholly owned subsidiary, Malaysia Marine & Heavy Engineering Sdn Bhd in Pasir Gudang, Johor, Malaysia.
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Borneo News @ 7
http://www.seashipnews.com/news_content.php?fid=3w3c460
JX Nippon readies FPSO tender
Kuala Lumpur: Japan’s JX Nippon is moving fast to develop the Layang field in Block SK10 field using a floating production, storage and offloading vessel (FPSO).
The formal tender for an aframax-sized FPSO is expected in the second half of this year with conversion scheduled to take place earliest end of 2013. [08/01/13]
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Borneo News @ 8
http://www.seashipnews.com/news_content.php?fid=3w3c456
Scomi's RM380m win in Indonesia Kuala Lumpur: Scomi Group’s Oilfield Services business has been given a Letter of Award for the provision of drilling fluids and completion services for one of its major DF contract wins in Indonesia. The project, estimated at RM380m is the first cooperation between Scomi and Total E&P Indonesie (TEPI) for a 3-year project commencing in July 2013. "This latest win is our single largest work in terms of contract value, in Indonesia to-date. This is an affirmation of our ongoing efforts in R&D for effective and quality solutions in drilling fluids. Our formulations are able to withstand challenging drilling environments like high temperature wells and acute angle drilling," said Wan Ruzlan, president - market units for Scomi Oilfields Services division. [08/01/13]
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Borneo News @ 9
http://www.seashipnews.com/news_content.php?fid=3w3c459
Petronas Carigali ties up four AHTSs Kuala Lumpur: Perdana Nautika Sdn Bhd (PNSB), a subsidiary company of PPB, has secured from Petronas Carigali a letter of award for the supply of four Anchor Handling Tug Supply (AHTS) vessels. The charters, which started on January 1, run for five years each with options to extend by 12 months. The LOA is valued at approximately RM430m. [08/01/13]
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Borneo News @ 10
http://www.seashipnews.com/news_content.php?fid=3w3c449
Offshore fabrication yard set for Port Klang
Kuala Lumpur: TH HEAVY Engineering Bhd (THHE), a subsidiary of Tabung Haji (TH), is about to buy around 80 hectares of land in Pulau Indah, Port Klang, for RM150m. THHE plans to set up an offshore oil and gas fabrication yard in Port Klang to aid Petronas. THHE is filling the void left by MISC which has scaled back its fabrication resources recently. [07/01/13]
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Borneo News @ 11
http://www.seashipnews.com/news_content.php?fid=3w3c452
Alam Maritim lands RM8.1m contract
Kuala Lumpur: Alam Maritim Resources Berhad has announced that subsidiary Alam Maritim has has received a letter of intent from a international provider of oilfield services company based in Malaysia for the provision of a supply vessel for a period of nine months.The contract commenced in the fourth quarter of 2012 and is for a nine month period and valued at around RM8.1 million. The contract has an optional extension provision for another twelve months at a value of up to RM10.9 million, if exercised. [07/01/13]
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Borneo News @ 12
http://www.seashipnews.com/news_content.php?fid=3w3c453
IKM Subsea Singapore awarded ROV contract Singapore: IKM Subsea Singapore has mobilized in house built Merlin WR200 Workclass ROV after winning a contract to provide ROV services onboard a construction support vessel for a FPSO Hook-up and commission project in India.This is the second contract awarded to IKM Subsea in recent months, and the company intends to grow rapidly as a Stand Alone ROV operator. It expects to expand the ROV fleet further with 2 more Workclass ROVs in Q1 2013. [07/01/13]
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Borneo News @ 13
http://www.offshore-technology.com/news/newslundin-petroleum-gas-offshore-peninsula-malaysia
Lundin Petroleum discovers gas offshore of Peninsula Malaysia 12 November 2012
Lundin Petroleum has made a significant gas discovery at the Tembakau-1 well in the PM307 Block, offshore of Peninsula Malaysia.
Located 30km west of the nearest oil and gas infrastructure, the well was drilled to a vertical depth of 1,565m using the West Courageous rig in 67m of water.
The Tembakau-1 well was penetrated by about 60m of net gas pay in five high-quality sand intervals in the target Miocene objective, where a series of stacked gas pay sands were discovered.
After the completion of an extensive data acquisition programme, including rock and fluid samples, pressure profiles and mini-DST's, the well was plugged and abandoned, the company said.Plans are underway to initiate further work of estimating recoverable resource ranges in the well soon.
Lundin Petroleum president and CEO Ashley Heppenstall hoped that the new discovery will possess high potential to be a commercial success, with its closeness to the existing gas infrastructure.
"The discovery paves the way to evaluate further follow-up potential in an area where Lundin Petroleum acquired a large 3D survey in 2011," Heppenstall added.
"The discovery is the second successful well completed in PM307 in 2012 and continues our robust exploration performance in Malaysia that commenced in 2011 with six discoveries made from nine wells drilled."
Lundin Petroleum, through its subsidiary Lundin Malaysia, holds a 75% interest in PM307, while PETRONAS Carigali owns the remaining 25% interest.
Lundin Malaysia operates six blocks including, PM307, PM308A, PM308B, SB303, SB307 and SB308 in Malaysia.
The company also said the West Courageous rig will now move to south to execute the Ara-1 well in the PM308A block, in which the company owns a 35% interest as the operator.
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Borneo News @14
Source: http://biz.thestar.com.my/news/story.asp?file=%2F2013%2F1%2F18%2Fbusiness%2F20130118110002
Petronas: O&G found near Miri town, (BORNEO) - first time onshore in 24 years
KUALA LUMPUR: Oil and gas has been discovered at the Adong Kecil West-1 Well, 20km northeast of Miri town, and Petroliam Nasional Bhd (Petronas) said this was the first onshore discovery after 24 years.
It said on Friday the well in Block SK333, was drilled by JX Nippon Oil & Gas Exploration (Onshore Sarawak) Ltd, the operator for Block SK333, together with joint venture partner Petronas Carigali Sdn Bhd.
"The well was drilled to a depth of 3,170 meters and encountered a total of approximately 349 metres of net hydrocarbon thickness.
"Two drill-stem tests achieved flow rates of about 440 barrels of crude oil per day and 11.5 million standard cubic feet of gas per day," said Petronas.
It added technical assessments are currently being undertaken by the operator to determine the resource volume of the field, said Petronas, pointing out this was the first onshore discovery in 24 years.
The last onshore discovery was Asam Paya Field in 1989, also in Sarawak.
Petrona pointed out based on the drilling results, the deeper sections in the onshore area may hold additional upside potential for hydrocarbon accumulation.
However, with the higher borehole pressures expected, drilling operations will be more challenging for the deeper reservoirs and rigs with higher specifications will be required to test such intervals.
In The state of Sarawak, East Malaysia,The Borneo Island
ROC advises that BC Petroleum Sdn Bhd (“BCP”), the company incorporated to operate and manage the Balai Cluster Risk Service Contract (“RSC”) in Malaysia, commenced drilling the West Acis-2 well at 0230 hours (Malaysian time) on 28 March 2013.
Borneo News @1
West Acis-2 is the fourth well in the pre-development phase drilling programme in the Balai Cluster. At 0630 hours (Malaysian time) on 28 March 2013 the well was drilling ahead at a measured depth of approximately 250 metres.
West Acis-2 is located in the West Acis field, offshore East Malaysia, and has a planned target total depth of approximately 2,440 metres subsea.
The Balai Cluster RSC consists of four fields: Balai, Bentara, West Acis and Spaoh. The pre-development phase commenced early 2012 and is expected to be completed during 2013. On successful completion of the pre-development phase and agreement on the economic viability of the fields, BCP will submit a field development plan and progress to development of the fields.
Shareholders of BCP are ROC (48%), Dialog Group (32%) and PETRONAS Carigali (20%)
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Borneo News @3
2013 Business analyst grows trend for Malaysian Oil & Gas
RM3b Petronas job awards soon
Posted : 2013/03/19
PETROLIAM Nasional Bhd (Petronas)is poised to award as many as 34 offshore support vessel (OSV) contracts worth some RM3 billion over the next few weeks, a key oil and gas analyst says.
“For the OSV contracts that will involve 34 charters, they will be very soon. Some expect the contracts to be as soon as in the first quarter of this year,” OSK Research analyst Danny Chan told Business Times yesterday.
Market talk has it that there are two more waves of OSV contracts to be awarded. The first package will be for offshore charter, where the contract value is said to be in the region of RM3 billion, while the second package will come from the hook-up and commissioning (HUC) jobs from the production sharing contractors (PSCs), with an estimated value of between RM4 billion and RM6 billion for the vessel portion alone.
In anticipation of multiple contract awards, RHB Research said SapuraKencana Petroleum Bhd and Bumi Armada Bhd are its large-cap top picks, while Alam Maritim Resources Bhd and Perdana Petroleum Bhd are its picks among the small caps.
More interestingly, it said in a report yesterday that the national oil and gas company will soon be awarding as many as 10 Risk Service Contracts (RSCs), open to almost all listed Malaysian oil and gas companies.
The initial plan, according to analysts, was that Petronas would award four marginal fields per year. As at end of last year, the national oil and gas company had awarded only three contracts, namely to SapuraKencana Petroleum Bhd and Petrofac Energy Developments Sdn Bhd (Berantai cluster), Dialog Group Bhd and Roc Oil Malaysia (Holdings) Sdn Bhd (Balai cluster) and to Petra Energy Bhd and Coastal Energy Co (Kapal, Banang and Meranti cluster).
The Scomi group had been tipped to win the Tembikai and Chenang cluster offshore Terengganu.
But by late January, Petronas announced that it had aborted plans to award the cluster. That announcement led to speculation that Petronas would no longer award clusters under the RSC.
The RSC model strikes a balance in sharing of risks with fair returns for development and production of already discovered fields. Under this arrangement, Petronas remains the project owner while the contractors are the service providers. Up-front capital investment will becontributed by contractors, who will receive payment starting from first production and throughout the duration of the contract.
The new arrangement facilitates direct participation of Malaysian companies in the country’s upstream oil and gas activities, in line with Petronas’ efforts to leverage on their existing capacity while fast-tracking their capability in development and production in a structured manner.
Oil and gas companies have been hunting for RSCs as over the last couple of years, Malaysia has made a name for itself striking black gold.
Last year alone, Petronas discovered 22 new fields in Malaysia. .
The finds included two major gas reserves offshore Sarawak – the Kuang North and Tukau Timur fields – and additional oil fields in Block PM307 of the Bertam oilfield, off the coast of Pahang.
Copyright © The New Straits Times Press (Malaysia) Berhad, Balai Berita 31, Jalan Riong, 59100 Kuala Lumpur, Malaysia
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Borneo News@4
Alam Maritim Secures Underwater Services Contract-MALAYSIA
http://www.offshoreenergytoday.com/alam-maritim-secures-underwater-services-contract/
Alam Maritim Resources Berhad (“AMRB”) announced that its wholly owned subsidiary, Alam Maritim (M) Sdn Bhd, has received a letter of award from an independent oil and gas exploration and production company for the Provision of Underwater Services comprising subsea inspection, maintenance and repair.
The Contract is for a primary period of three years with an extension option exercisable by the Client for another one year. The Contract is for a value of up to approximately RM182 million.
The risks associated with the Contract are mainly operational risks contributed by human and/or technical inefficiency as well as uncertainties in supply and prices of materials, economic, regulatory and political conditions.
In managing, if not mitigating such risks, the Company will closely monitor the schedules of activities and ensuring timely delivery of main materials and deliverables from third party suppliers/contractors while ensuring strict compliance to the safety and operational procedures in the execution of the Contract.
The Contract is expected to positively contribute to the earnings and net assets of AMRB for the financial year ending 31 December 2013 up to 2017. Notwithstanding this, the Contract is not expected to have any effect on the issued and paid-up share capital and shareholding structure of the Company.
None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in either of the above mentioned Contract.
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Borneo News@5
News Posted :15-03-2013
Japanese firm to build Petronas’ latest LNG train 9
http://www.seashipnews.com/news_content.php?fid=3w3c706
Kuala Lumpur: Japan’s JGC Corp has won a construction contract worth nearly $2bn at a liquefied natural gas project in Malaysia.
Petronas LNG 9, a wholly-owned subsidiary of Petronas, awarded the contract to JGC for the engineering, procurement, construction and commissioning (EPCC) work on an additional train and related facilities at the Petronas LNG Complex in Bintulu.
Train 9 will have a capacity of about 3.6m tons of LNG per year and its feedstock will be supplied from Petronas' newly developed offshore gas fields, off the coast of Sarawak, Malaysia, JGC said.
Work is scheduled for completion at the end of 2015. [15/03/13]
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Borneo News@6
Another PSV for Bumi Armada - Posted 14-03-2013
http://www.seashipnews.com/news_content.php?fid=3w3c703
Kuala Lumpur: Bumi Armada Offshore Contractor has acquired and taken delivery of a multipurpose platform support vessel from Condor Shipco Limited for $15.8m.
The DP2 diesel electric vessel which was re-named Armada Condor was re-built in 2002 which involved extension of vessel length, and the addition of a DP2 system and thrusters.
Bumi Armada’s ceo, Hassan Basma, said: “This acquisition underpins our strategy to provide services to the oil and gas industry as exploration and production moves further from shore to deeper and harsher waters.” [14/03/13]
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Abu Dhabi investing in Malaysian oil terminal - Posted : 13-03-2013
http://www.seashipnews.com/news_content.php?fid=3w3c697
Kuala Lumpur: Abu Dhabi is investing close to $7bn in a new oil storage facility in Malaysia.
The site, based in Tanjung Piai in Johor state, will be able to hold up to 60m barrels of oil. The area is one Malaysian authorities have targeted to be a major alternative oil and gas hub to Singapore. [13/03/13]
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Borneo News @ 7
http://www.prlog.org/10107500-global-process-systems-misc-jv-secures-multi-million-dollar-oil-gas-deal-in-malaysia.html
Global Process Systems-MISC JV Secures Multi-Million Dollar Oil & Gas Deal In Malaysia
MOPU Picture as above
Global Process Systems of Dubai and its joint venture partner MISC Bhd of Malaysia have secured a multi-million dollar oil & gas contract to supply two Mobile Offshore Production Units to PCPP Operating Company Sdn Bhd for use in Malaysian waters.
PRLog (Press Release) - Aug. 20, 2008 -
Global Process Systems Inc. (“GPS”) of Dubai and its joint venture partner MISC Bhd of Malaysia have been awarded a multi-million dollar contract by PCPP Operating Company Sdn Bhd of Malaysia for the lease of two Mobile Offshore Production Units (“MOPUs”) for deployment offshore Sarawak, Malaysia.
The contract is worth approximately US$320 to US$360 million (RM1.07 to RM1.21 billion) with an estimated capital expenditure of between US$150 and US$170 million. PCPP is a joint-venture company between Petronas Carigali Sdn Bhd, Pertamina and PetroVietnam Investment & Development Company.
The project will be undertaken via MISC’s subsidiary, Malaysia Offshore Mobile Production Ltd (“MOMPL”). GPS, an international provider of MOPU solutions, is MISC’s partner in this venture. MISC holds a 70% stake in MOMPL with GPS owning the remaining 30%.
The MOPUs will be deployed on the D30 and DANA Field Development projects on Block SK305 offshore Sarawak, for a contract period of ten years. First oil is expected in June and September 2009 respectively. This marks the first time that PETRONAS, Malaysia’s national oil company, will utilise MOPUs, proven to be a more cost-effective and faster method of bringing hydrocarbons on stream, as compared to conventional production platforms.
On confirming the award, GPS Chief Executive Clint Elgar, said, “This marks another significant milestone for the GPS Group in the MOPU market. We already have three MOPUs in service and this contract to supply two units for deployment in Malaysia is a major achievement for us.” One of the existing MOPUs is in operation at Santos Australia's Maleo Development offshore Indonesia, while the other two are in operation in Malaysian waters for Murphy Oil and for Petrofac on its Cendor Development.
The upgrade and conversion works of the MOPUs for PCPP will be undertaken by MISC’s wholly owned subsidiary, Malaysia Marine & Heavy Engineering Sdn Bhd in Pasir Gudang, Johor, Malaysia.
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Borneo News @ 7
http://www.seashipnews.com/news_content.php?fid=3w3c460
JX Nippon readies FPSO tender
Kuala Lumpur: Japan’s JX Nippon is moving fast to develop the Layang field in Block SK10 field using a floating production, storage and offloading vessel (FPSO).
The formal tender for an aframax-sized FPSO is expected in the second half of this year with conversion scheduled to take place earliest end of 2013. [08/01/13]
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Borneo News @ 8
http://www.seashipnews.com/news_content.php?fid=3w3c456
Scomi's RM380m win in Indonesia Kuala Lumpur: Scomi Group’s Oilfield Services business has been given a Letter of Award for the provision of drilling fluids and completion services for one of its major DF contract wins in Indonesia. The project, estimated at RM380m is the first cooperation between Scomi and Total E&P Indonesie (TEPI) for a 3-year project commencing in July 2013. "This latest win is our single largest work in terms of contract value, in Indonesia to-date. This is an affirmation of our ongoing efforts in R&D for effective and quality solutions in drilling fluids. Our formulations are able to withstand challenging drilling environments like high temperature wells and acute angle drilling," said Wan Ruzlan, president - market units for Scomi Oilfields Services division. [08/01/13]
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Borneo News @ 9
http://www.seashipnews.com/news_content.php?fid=3w3c459
Petronas Carigali ties up four AHTSs Kuala Lumpur: Perdana Nautika Sdn Bhd (PNSB), a subsidiary company of PPB, has secured from Petronas Carigali a letter of award for the supply of four Anchor Handling Tug Supply (AHTS) vessels. The charters, which started on January 1, run for five years each with options to extend by 12 months. The LOA is valued at approximately RM430m. [08/01/13]
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Borneo News @ 10
http://www.seashipnews.com/news_content.php?fid=3w3c449
Offshore fabrication yard set for Port Klang
Kuala Lumpur: TH HEAVY Engineering Bhd (THHE), a subsidiary of Tabung Haji (TH), is about to buy around 80 hectares of land in Pulau Indah, Port Klang, for RM150m. THHE plans to set up an offshore oil and gas fabrication yard in Port Klang to aid Petronas. THHE is filling the void left by MISC which has scaled back its fabrication resources recently. [07/01/13]
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Borneo News @ 11
http://www.seashipnews.com/news_content.php?fid=3w3c452
Alam Maritim lands RM8.1m contract
Kuala Lumpur: Alam Maritim Resources Berhad has announced that subsidiary Alam Maritim has has received a letter of intent from a international provider of oilfield services company based in Malaysia for the provision of a supply vessel for a period of nine months.The contract commenced in the fourth quarter of 2012 and is for a nine month period and valued at around RM8.1 million. The contract has an optional extension provision for another twelve months at a value of up to RM10.9 million, if exercised. [07/01/13]
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Borneo News @ 12
http://www.seashipnews.com/news_content.php?fid=3w3c453
IKM Subsea Singapore awarded ROV contract Singapore: IKM Subsea Singapore has mobilized in house built Merlin WR200 Workclass ROV after winning a contract to provide ROV services onboard a construction support vessel for a FPSO Hook-up and commission project in India.This is the second contract awarded to IKM Subsea in recent months, and the company intends to grow rapidly as a Stand Alone ROV operator. It expects to expand the ROV fleet further with 2 more Workclass ROVs in Q1 2013. [07/01/13]
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Borneo News @ 13
http://www.offshore-technology.com/news/newslundin-petroleum-gas-offshore-peninsula-malaysia
Lundin Petroleum discovers gas offshore of Peninsula Malaysia 12 November 2012
Lundin Petroleum has made a significant gas discovery at the Tembakau-1 well in the PM307 Block, offshore of Peninsula Malaysia.
Located 30km west of the nearest oil and gas infrastructure, the well was drilled to a vertical depth of 1,565m using the West Courageous rig in 67m of water.
The Tembakau-1 well was penetrated by about 60m of net gas pay in five high-quality sand intervals in the target Miocene objective, where a series of stacked gas pay sands were discovered.
After the completion of an extensive data acquisition programme, including rock and fluid samples, pressure profiles and mini-DST's, the well was plugged and abandoned, the company said.Plans are underway to initiate further work of estimating recoverable resource ranges in the well soon.
Lundin Petroleum president and CEO Ashley Heppenstall hoped that the new discovery will possess high potential to be a commercial success, with its closeness to the existing gas infrastructure.
"The discovery paves the way to evaluate further follow-up potential in an area where Lundin Petroleum acquired a large 3D survey in 2011," Heppenstall added.
"The discovery is the second successful well completed in PM307 in 2012 and continues our robust exploration performance in Malaysia that commenced in 2011 with six discoveries made from nine wells drilled."
Lundin Petroleum, through its subsidiary Lundin Malaysia, holds a 75% interest in PM307, while PETRONAS Carigali owns the remaining 25% interest.
Lundin Malaysia operates six blocks including, PM307, PM308A, PM308B, SB303, SB307 and SB308 in Malaysia.
The company also said the West Courageous rig will now move to south to execute the Ara-1 well in the PM308A block, in which the company owns a 35% interest as the operator.
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Borneo News @14
Source: http://biz.thestar.com.my/news/story.asp?file=%2F2013%2F1%2F18%2Fbusiness%2F20130118110002
Petronas: O&G found near Miri town, (BORNEO) - first time onshore in 24 years
KUALA LUMPUR: Oil and gas has been discovered at the Adong Kecil West-1 Well, 20km northeast of Miri town, and Petroliam Nasional Bhd (Petronas) said this was the first onshore discovery after 24 years.
It said on Friday the well in Block SK333, was drilled by JX Nippon Oil & Gas Exploration (Onshore Sarawak) Ltd, the operator for Block SK333, together with joint venture partner Petronas Carigali Sdn Bhd.
"The well was drilled to a depth of 3,170 meters and encountered a total of approximately 349 metres of net hydrocarbon thickness.
"Two drill-stem tests achieved flow rates of about 440 barrels of crude oil per day and 11.5 million standard cubic feet of gas per day," said Petronas.
It added technical assessments are currently being undertaken by the operator to determine the resource volume of the field, said Petronas, pointing out this was the first onshore discovery in 24 years.
The last onshore discovery was Asam Paya Field in 1989, also in Sarawak.
Petrona pointed out based on the drilling results, the deeper sections in the onshore area may hold additional upside potential for hydrocarbon accumulation.
However, with the higher borehole pressures expected, drilling operations will be more challenging for the deeper reservoirs and rigs with higher specifications will be required to test such intervals.
In The state of Sarawak, East Malaysia,The Borneo Island