An article like this does not paint the real picture of what is happening inside Petronas. One just need to step into one of Petronas offices and look around to see the reality.

Then again, was Petronas even mentioned in that article?

In any geographical mapping exercise you extend any national/state boundary parallel to the line of the established border. That is why Trengganu has quite a big offshore boundary as its border to the north with Kelantan is controlled by Besut which allows for Trengganu to extend their offshore boundary North-East towards the Thai border. The border between Trengganu and Pahang is south of the town of Chukai and if you look at the state border right below Chukai it runs almost like a straight line towards the coast. Petronas extended this straight line to create PM307, so basically PM307 is in Trengganu.

Kelantan has a good claim for its oil royalty as well because the border from Besut to Tok Bai in Thailand basically covers the entire JDA (Joint development area) with Thailand and also the PM3CAA (currently operated by Talisman) which is producing close to 50-60 thousand barrels of oil per day. The gas production in the JDA will also increase as more and more fields are brought online. Cakerawala is already producing gas that is close to 1/2 billion scf per day. Once you bring up Bergading, Ular and more of those gas fields, the Gas production will increase significantly.

What do you think would happen if the states didn't sign the agreement with Petronas? They would have been able to at minimum to negotiate with the oil companies based on the concession agreement (before the PSC system was brought on-line). So the states gave up their right to Petronas in return for 5% royalty and getting nothing out of it is a bit unfair isn't it. In any federation (similar to the US), there should be a clear demarcation between Federal and State rights, the states make the Federation and their rights should be respected.

Seadrill to sell tender rig business to SapuraKencana
OSLO, Nov 5 — Norwegian rig firm Seadrill will sell its tender rig business to Malaysia’s SapuraKencana for an enterprise value of US$2.9 billion (RM8.7 billion), freeing up resources to focus on its deepwater and jack up operations, the firm said today.

“The net proceeds received from the transaction will be redeployed as equity to aggressively grow our deep water fleet and also open up for significant new investment in the Jack Up sector, a sector which recently has shown strong signs of improvement,” Seadrill Chairman John Fredriksen said in a statement. — Reuters

hooo sapura really has that much moneyh ehh.

Hoho...become fully owned by malaysian company, joining KM-1 & 2...i guess the rigs will be on contract until the rig sink...huhu...

This post has been edited by meonkutu11: Nov 5 2012, 08:40 PM

SapuraKencana got lotsa money because of recent IPOs & merger

The MOU also includes a provision for SapuraKencana Petroleum to enter into a joint venture with Archer Limited – a 40 percent owned subsidiary of Seadrill – to introduce the latter's wireline services into the Asian market.


Wah,really SapuKencang wooo...

Guys, I have a small question here,
which kind of engineer will require to go offshore only for a certain period? I mean, they might station in office or other places rather than offshore but will only require to go offshore for some work in a short period?

Tq

Project Engineer, for site visit?
As a PE in an engineering consultant, we're in the office 99% of the time.

I'm QA engineer n I only go offshore once or twice during project execution and each time I only spend 3-4 days on the barge (depend on crew boat schedule)

Hi guys,

I have been offered an offshore position in SapuraKencana recently, and the position is contract-based for 1 year. This will be my first job since I'm a fresh graduate. May I ask, how likely for sapura to absorb their contract workers as permanent? I'm quite worried as to what will happen after my contract ends.

Thanks.

Which company? Position?

This post has been edited by iwanodyssey: Nov 6 2012, 12:16 PM

Hm... the company is SapuraKencana, as I've stated earlier. The position is geophysicist.

Must be for the Berantai project.

Sapurakencana is the parent company ...its the subsidiaries that do the work...I'm with TLO btw

Oh. Sorry for the misunderstanding. I'm with TL Geohydro. I'm quite curious about this geophysics position. From what I know, Sapura is not exactly an exploration company right? So, I guess I want to know about the prospect of being a geophysicist for long term in Sapura. Do they constantly need geophysicist or only for certain period of time when they got project that involves geophysicist?

Here it is called TLGH ..they are doing survey ..Sapurakencana is an EPCIC company..abt the prospect ..they always need geophysicist. TLO is an installation n logistic company so prior to installation TLGH will do survey for them. Project wise no worries ...schedule is already pack for 2013.

If im not mistaken
Structural Engineer, Electrical Instrumentation Engineer,

As a first job, I guess its good. But I suggest you develop your skills so you can go somewhere else. Site survey geophysicist is dead end job. Its very difficult to venture to other area that pays more, i. e exploration or development geophysicist.