Who is Nio Petroleum?

September 3, 2014

Hmm,  a series of press releases related to the above. And I really want to follow in their footsteps:

Finance Asia:

 Barclays natural resource investments (BNRI), a division of Barclays Capital, has invested in a Southeast Asia-focused oil and gas development company Nio Petroleum.

Nio Petroleum is an oil and gas development and production company established in 2009, with a primary focus on offshore assets in the Asia-Pacific region, particularly Malaysia, Thailand, Vietnam, Indonesia and Australia. It seeks out undeveloped discoveries, marginal fields and late-life assets in Southeast Asia, which it will add value to through the innovative use of existing and new technologies and commercial know-how, Barclays Capital and Nio Petroleum said in a joint press release yesterday.

Nio Petroleum is founded and managed by Richard Hall and Rory Edwards, a duo with a track record in oil and gas development, derived from working with national and independent oil and service companies over the past 25 years. Their experience includes schemes in the North Sea and offshore Southeast Asia, which have enabled the monetisation of small fields or extended the life of mature fields.

Oilvoice.com:

…Nio Petroleum Limited (Nio) is working in the Asia Pacific region.

Nio’s primary focus is offshore assets in the Asia Pacific region, particularly Malaysia, Thailand, Vietnam, Indonesia and Australia. In May 2010, Nio acquired Blocks SB307 and SB308 offshore Sabah in Malaysia in conjunction with Lundin Petroleum and PETRONAS Carigali.

PETRONAS, 2010-05-19:

PETRONAS AWARDS TWO EXPLORATION BLOCKS TO LUNDIN PETROLEUM, NIO PETROLEUM AND PETRONAS CARIGALI

 PETRONAS today awarded Blocks SB307 and SB308 offshore Sabah under a single Production Sharing Contract (PSC) to a partnership comprising Lundin Malaysia B.V., Nio Petroleum Ltd., and PETRONAS Carigali Sdn Bhd.

Blocks SB307 and SB308 measure approximately 6,230 sq km and is located in water depths of up to 70 metres. Both blocks have been explored since 1965 and have led to the discovery of the producing Barton, South Furious and St. Joseph fields, currently operated by Sabah Shell Petroleum Company Ltd under a different PSC.

Bloomberg Businessweek:

Nio Petroleum Limited offers oil and gas development and production services in Malaysia, Thailand, Vietnam, Indonesia, and Australia. Nio Petroleum Limited was incorporated in 2009 and is based in London, United Kingdom.

 EDP 24:

Nio Petroleum (Sabah), set up by two former managers at oil services and production firm Petrofac, is being bought by EnQuest, based in Aberdeen.

The firm was set up in 2010 by Richard Hall, who previously worked with Norwich-based Acteon before moving to Petrofac, and Rory Edwards, also previously at Petrofac.

It said its niche was opening up dormant discoveries and redeveloping mature, previously developed fields and was working in partnership with Malaysian state firm Petronas and Sweden’s Lundin on two blocks of the coast of Sabah, Borneo.

Bloomberg Businessweek:

As of November 9, 2012, Nio Petroleum (Sabah) Limited operates as a subsidiary of EnQuest PLC.

 


OTCA Shows Strong Interest From Major Oil & Gas Players In Investing In Malaysia

May 10, 2014

Dateline 2014-03-31, Bernama:

The recently concluded Offshore Technology Conference Asia 2014 (OTCA) showed strong interest from major oil and gas (O&G) players towards investing in Malaysia.

RHB Research in a research note today said among the players were UK-based Petrofac Ltd, Talisman Malaysia Ltd, Murphy Sarawak Oil Co Ltd and Shell Malaysia.

The research house said Talisman Malaysia which was granted a progressive volume based (PVB) production-sharing contract (PSC) for its Kinabalu oil fields, wants to boost the improved oil recovery potential and reap synergies from the Samarang project, off Sabah.

The oil company is also looking at extension acreage for its SB309/310 field, off Sabah, with three to four well exploration programmes this year and boost the recovery rate of its 41 per cent-operated Block PM3 CAA, offshore Peninsular Malaysia to 40 per cent from 30 per cent, it added.

 


Saturday Star 2013-12-14 – Job Opportunities

December 16, 2013

Happy ‘renew your BEM and IEM registration’ week (don’t forget that offshore bank account).

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need RM360 to get The Star ePaper

  • I see Petrofac is looking for a development manager, engineering manager, tech assistant, operation support engineer, senior maintenance engineer, company site representative (CSR). Send your CVto petrofac.com → Career → Job Search → Location → Malaysia.
  • Not an engineering job, but I see ConocoPhillips has an opening for an office administrator. I guess they are going to open an office in KL?
  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for technical safety persons, metering / measurement engineers and other seniors you think will catch my eye.
  • Nothing of interest this week.

Help me (and you) increase my cloud presence. Pleease use some form of cloud storage, so if you lose your laptop with those oh-so-important reports, be assured that (with Internet access) the files are still accessible. Use my referrals for Dropbox, MiMedia,  SpiderOak, MediaFire, Ubuntu One, Sugar Sync.

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!

This week, my theme is, you need to be a better all round engineer. Hence, some selections for the process engineer:

A Simple Guide To Understanding Jet Engines, Process Plant Instrumentation: Design and Upgrade, Mechanical Design of Process Systems: Piping and Pressure Vessels

The IEM has a coffee table book out, Engineering Heritage of Malaysia (no, it is not Datuk Seri Samy Vellu’s bio). Visit here for details.

Food?I had lunch at Chakri Palace, KLCC. Blooming expensive. Anyone want to treat me to dinner there?


Petrofac wins training contract with Malaysia’s Petronas

November 7, 2013

Dateline 2013-09-16, IFA:

Oil and gas services provider Petrofac is to operate and manage two training facilities for Malaysian oil major Petronas in a contract worth 120m dollars.

The company is currently constructing two upstream plant training facilities and a downstream facility to support Petronas’ workforce capability enhancement programme. The two upstream facilities will be managed by Petrofac for the next five years and will see 500 delegates trained each year. There is the option to extend the agreement for a further two years.

Andy Inglis, the head of Petrofac Integrated Energy Services, said he was ‘delighted’ to build on the existing relationship with long-term customer Petronas.

 


Three more firms shortlisted to bid for Newfield assets

October 22, 2013

Now, since the head of PETROFAC is in charge of Vestigo, any ideas who’s the winner among the contenders?

Dateline 2013-08-26, The Star:

SapuraKencana Petroleum Bhd, Talisman and Petrofac have been shortlisted for the second round of Newfield Exploration Co’s oil and gas assets in Malaysia and China, said sources close to the deal.

Last week, Hibiscus Petroleum Bhd confirmed that it had been shortlisted for this two-round bidding process, where the second-round bids are expected to be submitted by Sept 26. The source added that the results for the winning bidder should be known by year-end. Goldman Sachs Group Inc is the investment banker mandated to manage this bidding process. It would appear that only a handful of companies out of the 65 companies that had initially expressed interest for Newfield’s assets worth some US$1.7bil have been selected for the second round.


Petronas announces successful drilling at biggest oilfield

May 16, 2013

FMT, dateline 2013-05-02:

Petronas, the national oil company, today announced the successful drilling of the Cendor Graben-2 appraisal well within Block PM304, offshore Peninsular Malaysia.

In a statement here, Petronas said the well was drilled to a depth of over 1,000 metres and confirmed the presence of oil and some gas-bearing reservoirs.

Drilling was undertaken by Petrofac (Malaysia PM304) Ltd, the operator for Block PM304, together with joint-venture partners Petronas Carigali Sdn Bhd, Kuwait Foreign Petroleum Exploration Company and PetroVietnam Exploration Production Corporation Ltd.


Saturday Star 2013-03-30 – Job Opportunities

April 1, 2013

Buy my recommendations, or through my Amazon store. Where are those corporate sponsors? Or throw donations at me. I need money to purchase a dive light.

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.

This week, it looks like you (the advertisers) are recycling last weeks adverts. Since it’s a holiday today (Monday), I guess you are justified

  • I’m looking for a senior process engineer, 7+ years experience. Send your cv here. Also looking for process safety persons, lead piping designer, lead instrument engineer, and other seniors you think will catch my eye.
  • Shell is looking for (many) drilling rig supervisors. Visit here. Have all their best and brightest been recruited by PETRONAS?
  • I see Petrofac is looking for a development manager. Send your cv via snail mail to Human Resource Department, Petrofac (Malaysia-PM304) Limited, Level 21, Menara 3 PETRONAS, Persiaran KLCC, Kuala Lumpur City Centre, 50088 KL, or you can try here.
  • McDermott are looking for people, project engineering managers, structural lead engineers, mechanical lead engineers, instrumentation lead engineers, subsea lead engineers, all with 10+ year experience. Visit the website, or submit your CV  here.

How about some local food? Alisara at Puchong Indah. Specialises in Thai food, and has mango with stick rice.

Break the Low Yat stranglehold! Support Newegg Malaysia.

Here’s a switch, a fiction novel combining diving, welding, oil & gas and family.

  

The Underwater WelderWelding: Principles and ApplicationsProfessional Diver’s Manual on Wet-Welding

LNG: A Nontechnical GuideFundamentals of Natural Gas Processing, Second Edition (Dekker Mechanical Engineering)Gas and Oil Reliability Engineering: Modeling and Analysis


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