Extract from “Young Turks” – Know How

November 3, 2014

The reason is that they have technical know-how. That was something we did not have. We thought, if we just give them the oil field, we will always need them because we cannot do it ourselves. We decided that along the way, we must design a policy that allows the transfer of technology to Malaysian companies while they are still producing the oil.

Visit here and buy books so I have some spending money.


Extract from “Young Turks” – Carigali

September 7, 2014

Formation of Carigali:

Carigali was formed in 1978. This is how PETRONAS spent the money collected from the multinational oil companies, after paying taxes and dividends to the government of course

Visit here and buy books so I have some spending money.


Tanjung Langsat Port to sell Johor storage terminal

November 22, 2014

Anyone want to be my backer in building a calibration facility in the ‘adjacent piece of land’?

Dateline 2014-09-03, The Malaysian Insider:

Malaysia’s Tanjung Langsat Port plans to sell its storage tank terminal in the southern state of Johor and has short-listed at least five companies for a second round of negotiations, sources close to the matter told Reuters.

The terminal may come with an adjacent piece of land, allowing the potential buyer to expand and tap on rising quantities of crude oil and oil products passing through the Malacca Straits to meet growing demand in Asia.

Singapore, Asia’s largest oil trading hub, faces land shortages that have driven billions of dollars of spending on the construction of storage facilities in neighbouring Malaysia and Indonesia.


Japan’s Inpex to sell 25 pct of Malaysia oil block stake to Santos

November 21, 2014

Dateline 2014-09-01, Reuters:

Japan’s Inpex Corp said on Monday it has agreed to sell a 25 percent stake in the deep water Block S in offshore Malaysia to Australian oil and gas producer Santos Ltd.

Japan’s biggest oil and gas producer, which will reduce its stake in the block to 50 percent after the transfer, serves as the operator in the block located in eastern Malaysia. An Inpex spokeswoman declined to comment on the price.

Inpex has conducted a three-dimensional seismic survey and geological studies in Block S, and depending on the result, it plans to drill wildcat wells this year for new discovery of oil and natural gas deposits, the company said in a statement.

 


SapuraKencana strikes gas at final SK408 Block well offshore Malaysia

November 20, 2014

Dateline 2014-08-29, Oil & Gas Technology:

SapuraKencana Energy Sarawak (SKE), a wholly-owned subsidiary of SapuraKencana Petroleum, has made another gas discovery from Bakong-1, the fifth and final well in its 2014 drilling campaign within the SK408 Production Sharing Contract (PSC) area, offshore Malaysia

SapuraKencana strikes gas at final SK408 Block well offshore Malaysia

Bakong-1 is a significant discovery with a gross gas column in excess of 600 metres in the primary target reservoir within the Late Miocene Carbonates.

This discovery augments the earlier announced four well discoveries made on 9 June 2014 and completes the five well drilling programme slated for this year as part of the SK408 work campaign.

SKE is the operator with a 40 per cent working interest with partners Petronas (30 per cent) and Sarawak Shell (30 per cent) holding the remaining interest.

SK408 Block is located in shallow waters approximately 120 kilometres offshore Sarawak covering an area of approximately 4,480 square kilometres in the prolific Central Luconia Gas Province.

 


Marketing Rounds – Surabaya

November 19, 2014

Some of the city sites. Wasn’t there on O&G business, though.


Sarawak wants higher oil royalty

November 18, 2014

Dateline 2014-08-27, Free Malaysia Today:

Sarawak Chief Minister Adenan Satem has confirmed that he will seek an upward revision to the present 5 per cent oil royalty “to spur its development under the 12th Malaysia Plan”.

He disclosed that the Sarawak government was still engaged in talks with the Federal government and Petronas, the national oil corporation, on the quantum of increase.

“We are not satisfied with the present five per cent,” he reiterated in a statement after an Aidilfitri gathering in Sebuya near here yesterday.

“Increasing the revenue from oil royalty would be one of the thrusts in the Sarawak government’s development planning.”


Saturday Star 2014-11-15 – Job Opportunities

November 17, 2014

Buy my recommendations, or through my Amazon store. Or get the Young Turks series (all 4 books). Where are those corporate sponsors? Or throw donations at me. I want to go for umrah.

  • I’m lining up jobs for next quarter, for IGL Services. Whisper to (better yet, carpe jugulum) your boss, and send work my way.
  • Hess is advertising for a mess of positions, most for the North Malay Basin. They are looking for a Senior Project Engineer, Senior Facilities Engineer, and other positions without the word ‘Engineer’ in them. Visit here for more info.
  • Nothing interesting this week, though I hear that Technip is still looking for project managers, senior project engineers, project engineers for Libra FPSO Project & Rapid. > 5 years experience. Send CVs to me, and a donation, and I’ll forward it on. Or save yourself some money, and send it to Technip directly.

Support your local bookshop!  Bookalicious at The Summit Subang is a good choice. I think they focus on trilogies, quadrilogies, and other ologies. Tell them I sent you, and enjoy the look of perplexity on their faces. Those of you who have dropped my name, thanks!

Food choice of the week? How if you visit Vietnam, how about visiting and updating GoHalalVietnam! for your food needs. For your other needs, talk to your local tour guide/ concierge / man on the street.

How about some references to improve your health? I’ve been on this plan for about 12 weeks. Muscles have moved from buttery to rubbery.

You Are Your Own Gym: The Bible of Bodyweight Exercises, Body by You: The You Are Your Own Gym Guide to Total Women’s Fitness, 100 No-Equipment Workouts


Firm expands drilling operations in Sabah

November 17, 2014

Dateline 2014-08-27, Borneo Post:

Talisman Malaysia Limited is in the process of further developing its Kinabalu platform with plans to start the construction of a wellhead to link with the existing platform by next year.

“This is so that we can drill further production wells to maintain our production from the Kinabalu field,” said its acting country manager, Duncan Smart.

On the oil and gas company’s progress, Smart disclosed that its drilling rig left the Kinabalu platform beginning of August, having completed a drilling programme there.

“We drilled six new wells and are extremely pleased with the results because our production from the platform has increased by three times.

“So we are now producing at around 16 to 17 thousand barrels of oil per day, a progress we consider to be very successful,” said Smart, when met at the company’s Hari Raya Aidilfitri open house here yesterday.


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