Why? The current PSC system is most beneficial to the country. The IOC and all other companies are only interested in the bottom line. They couldn't care less about national interest.

Understood. I read the link as well and I agree with what the writer wrote. I mean PETRONAS is the golden goose and at the rate the Government is milking the cash in terms of Taxes and Dividends, we are going to kill the golden goose. We need to make sure that Petronas is able to survive longer for the next generation and if the government is taking 75% of the profit, there won't be any cash to do all the things necessary to ensure the company can survive for another 40-50 years.

The thing is, our government operating cost (that's the civil servant salary and perks and all those rents they have to pay for all the buildings and all the bonuses and the new remuneration scheme they are implementing for the civil servant) are so high that politically, Najib will never agree to it. Who is going to pay for the operating cost? And why in the hell do we have 1.2 million civil servants?

That's another discussion altogether.

Join Petronas .... but then again I'm a bit biased because that's how I started my career.

Funny, PETRONAS staff are complaining that EVER SINCE senior managements were being filled by Ex-Shell people (us ex-petronas called PETROSHELL), we have all these incidents.

Not really. My brother was with an automotive company for 7 years and he jumped to a service provider for O&G 5 years ago. Of course I used my network to get him an interview. Now he is one of their regional service manager. Damn proud of him.

I have 15 years experience in geomodeling but I don't think you can afford me

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Added on August 7, 2012, 5:54 amI place a lot of importance in networking. One of my most important advice to my brother was for him to develop his network. Now he is a regional manager because his company realized that his network is quite extensive.

I don't know about "normal" people but if you have the right attitude, I'm sure those potential employers will be able to recognize it.


This post has been edited by azraeil: Aug 7 2012, 05:54 AM

A Geomodeler is usually a geologist who builds 3D models of the Oil & Gas fields. This model integrates all the subsurface datasets such as well logs, well correlation, seismic structure and faults and geophysical attributes such as impedance datasets, inversion datasets etc. The 3D geological model is then used to calculate the Oil in Place or Gas in Place (STOIIP/GIIP) for resource assessments reporting to the host government or for PETRONAS for the ARPR reporting (Annual Review of Petroleum Resources) which all operators are to submit to Petronas on a yearly basis.

The 3D model is also used for well planning where based on information from the 3D model, the most efficient and cost effective well plans are devised. The model is almost always passed on to the reservoir simulation where the reservoir engineers will take over and input all the reservoir datasets such as relative perm, SCAL data etc etc. The 3D model is then validated via the process of history matching where the field production history is simulated in the 3D model and then the results in terms of Oil/Gas rate Water production rate and the pressure decline is compared with actual production data from the field. Once a satisfactory match (thus the term history matching) has been achieved, the model is considered valid and the reservoir engineers will use it for prediction runs (usually for Field Development Plans). They will use the model to come up with multiple scenarios (how many wells, gas injection, water injection, etc etc) that will give the most value from the field.

Almost ALL field development plans will require the operator to have geological and simulation model. That is why geomodelers and simulation engineers are called the "prince of the industry" and that is why the competition to retain and poach these people are fierce.

That is why almost all companies are looking for reservoir engineers.

You need to have a degree in geology first and probably spend the first 3-5 years understanding the fundamentals of petroleum geology before you start on geological modeling.

Once a well has been drilled, the operator will call in the logging company (usually Schlumberger, Baker etc etc) to setup (or rig-up) their logging tools. These logging tools such as the triple combo will determine the electrical properties of the rock. These electrical property such as Gamma Ray, Density, Neutron, Resistivity will be interpreted by the company petrophysicist to determine the reservoir quality and also the presence of hydrocarbons.

Once it is determined from the logging exercise that there are hydrocarbons present in the reservoirs and the reservoirs are of good quality (porosity and permeability are above a certain cut-off) the petrophysicist will instruct and plan for the perforation exercise to test the reservoir performance (whether the reservoir can deliver the oil/gas to the surface). This peroration is done by lowering the perforating tool which is packed with explosives (each perforation job usually cost upwards of 1 million USD, so this is no time to fool around).

If the perforation is successful, the oil/gas will flow to the surface and the well is then tied in to the production flow lines.

Nonsense. Oil service company is just that. They provided service to the operators. They do not do any exploration (which is what looking for new oil field is all about). In fact no service company does exploration. Exploration is the highest risk activity in oil and gas and only operators do it.

Petronas Research, Core Laboratories etc etc.

No problem. Operators do a lot of things. One of the most important of which is taking ALL the risk and all the decision making process. Service providers are companies that assists the operators once the operators have decided on their plans. That is the simplest definition. So service providers are like those contractors you hire to build your house. You have already decided what you want to do, you have agreed on a design and the contractors are there to build the house for you.

A Lot of Oil companies do upstream only because downstream, the margin is small and you really need an integrated organisation to be able to make money downstream. Upstream can just produce the oil and sell it directly in the commodities market. Let other people do the refining etc.