Kris Sakti Petroleum is associate Co. to Taib Mahmud family right? Thats what I heard before. Not really sure true or not

Favelle Favco ok what. Two of my cranes were ordered from your company last time for South Acis EPCC project, one each for SA-PA and SA-AA topside

Sona Petroleum expects revenue flow beginning FY2014

Posted on June 17, 2014, Tuesday

KUALA LUMPUR: Sona Petroleum Bhd is optimistic of posting revenue and profit beginning its financial year 2014, from the positive cash flow it would generate from its acquisition of Salamander Energy (Bualuang) Ltd, said managing director Datuk Seri Hadian Hashim.

“The signing of the sales and purchase agreement for a 66.7 per cent stake in Salamander PLC’s wholly-owned subsidiary Salamander Energy is expected no later than June 26.

“The transaction will result in Sona Petroleum owning an effective working interest of 40 per cent in two oil and gas blocks owned by Salamander Energy in the Gulf of Thailand,” he told a media briefing after Sona’s annual general meeting here on Monday.

The acquisition of the 66.7 per cent of the economic rights and 49 per cent of the voting rights in SEBG will enable Sona to benefit from joint control over strategic and financial decisions, he said.

Hadian said the two concessions, close to the Bualuang Field in the Gulf of Thailand, represent excellent opportunities for Sona.

The blocks include an active oilfield that has been producing since 2008 and rights to explore surrounding fields.

“These assets represent great value for Sona Petroleum as they will enable us to generate cashflow and also provide significant upside to our profitability going forward,” he said.

“The deal with SEBG will allow Sona Petroleum to start receiving 40 per cent of the revenue, and with about 5,000 to 6,000 barrels a day and at current oil prices, the potential income for Sona is substantial,” a source related to the company said.

For FY2013, the special-purpose acquisition company which made its debut on Bursa Malaysia in July last year has not generated any revenue other than interest from fixed deposit placements.

It registered a net loss before taxation of RM5.1 million.

Hadian expressed confidence that Sona Petroleum would successfully meet the qualifying acquisition requirement within the stipulated time frame, and begin the process of generating healthy cash flow to bring returns to shareholders and other stakeholders. — Bernama

Read more: http://www.theborneopost.com/2014/06/17/so.../#ixzz34qpZYzSq

UMW-OG allocates RM2 bln for capex this year

Posted on June 17, 2014, Tuesday

KUALA LUMPUR: UMW Oil and Gas Corporation Bhd (UMW-OG) has allocated RM2 billion for capital expenditure this year to grow its fleet assets as part of its expansion plan.

Its president Rohaizad Darus said the company spent RM1.7 billion last year as part of the listing proceeds to add to their fleet of premium jack-up rigs, and is expected to add three more rigs – the UMW Naga 6,7 and 8 – which will be delivered in September and December 2014 and September 2015 respectively.

“We currently own five oil drilling rigs, of which three are operating outside Malaysia – the UMW Naga 5 in the Philippines and the UMW Naga 2 and 3 in Vietnam – while two (the UMW Naga 1 and 4) are serving the Malaysian market,” he told reporters after the company’s annual general meeting here yesterday.

Eight rigs is a comfortable figure but beyond that the company will have to look into adding more people not only on the rigs but also at the office dealing with procurements and support, he said.

Rohaizad said the company spent RM20 million to set up a drilling academy in collaboration with Institut Teknologi Petronas called UMW-INSTEP Drilling Academy, which started operations in March this year and is expected to train 120 people a year.

This year the company also participated in 25 tenders worth around US$2.2 billion including 13 outside Malaysia, and is quite confident of getting at least 30 per cent, he said, adding the contract tenure ranges from two months to over two years.

Meanwhile UMW-OG Chairman Tan Sri Asmat Kamaludin said the oil and gas landscape is very encouraging, with a healthy domestic market plus increased activities regionally including in non-traditional oil producing countries Myanmar and the Philiphines.

He said the company will continue to play a role in creating a more sustainable Malaysian and Southeast Asian drilling industry, adding it would also look for opportunities in the Middle East. — Bernama

Read more: http://www.theborneopost.com/2014/06/17/um.../#ixzz34qpoRbOf

DNV GL's Unit Helps CNOOC Perform First DP Floatover Installation in China
by DNV GL
|
Press Release
|
Monday, June 16, 2014
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DNV GL reported Monday that experts from Noble Denton Marine Assurance and Advisory in DNV GL have helped CNOOC perform the first offshore platform installation in China using advanced dynamic positioning (DP) floatover technology. The installation of CNOOC’s HZ25-8 DPP (Drilling Product Platform) topside was successfully completed in the eastern waters of the South China Sea for the Enping Oilfields.

“The success of HZ25-8 DPP topside DP floatover installation is a perfect realization of applying world-class offshore structure installation technology in the South China Sea area. Our cooperation with international leading technical service provider DNV GL has enabled the new breakthrough of COOEC’s technology and competence in offshore installation,” said Ruhua Yuan, Vice General Manager of COOEC.

“As a result of the merger between DNV and GL, we can now help customers reduce operational risk even further by partnering with a single global marine advisor. The Noble Denton Marine Assurance and Advisory section in DNV GL has unique and extensive experience of float-over operations both on to floating hulls and fixed platforms. Our experts were able to help CNOOC perform the floatover installation safely, while saving time, manpower and material resources,” said Wolfgang Wu, Regional Manager of DNV GL Oil & Gas in China.

DNV GL’s Noble Denton Marine Assurance and Advisory experts provided technical support to CNOOC with two challenges in particular: transverse load-out and dynamic positioning (DP) of the floatover installation. To ensure the safety and success of the load-out and floatover operations, DNV GL applied expertise and operational experience gained from its worldwide involvement in large topside transverse load-out operations and conducted thorough testing of the ballast and DP systems on HYSY278. Based on the test results and taking into account the tide level in the quay and the characteristics of the ballast air compressors, DNV GL was able to optimize the loadout operational procedures and ballast sequences.

The project first started in 2013 when DNV GL Shanghai and Singapore was invited by COOEC to cooperate on the verification of the HZ25-8 DPP topside DP floatover installation, detail design and joint installation design. With the load-out weight exceeding 13,000WT, this project is the largest transverse load-out operation in China to date.

During the design stage, DNV GL performed DP capability analysis, time domain analysis, docking, undocking and mating analysis, in order to assess the capabilities of the DP system under different sea states and the limited weather conditions for floatover installation operation. This analysis helped the site operation. In addition, DNV GL engineers, DP operators and field engineers participated in the simulation test organized by COOEC in Netherlands. It simulated the docking and undocking operation under several virtual environments, enabling the team to make contingency plans in case of failure of one thruster.

“We look forward to further cooperation with CNOOC and other Chinese oil and gas companies to contribute to the development of China's oil and gas industry,” continued Wu.
- See more at: http://www.rigzone.com/news/oil_gas/a/1335...h.m9JbH5mn.dpuf

I used to work with ExxonMobil before and if you hired as permanent staff, please do not worry about training. ExxonMobil is very generous for sending their staff for training development, and looking at your post, you will be send to Houston for extensive course.

If I had a chance to rejoin back ExxonMobil, I will take their offer. Why? If you a freelance staff on contract basis, you can demand a high rate compared to current prevailing market rate. Lulz.

GPP-A pipeline at Kerteh

THHE partner with another international FPSO consultant I cant remember its JV partner

Good point.

I am going to JX-Nippon @ Wisma Interhill Miri on Monday next week for an interview... Test market...

Cari makan bang

Proposal Engineer opportunity in Miri
Inbox
x
Zainal, Nisa n.zainal@progressivege.com via progressiverecruitment.com

7:12 PM (13 hours ago)

to me

progressiveglobalenergy.com right

Dear Mohammad Yakup

I hope that all is well.

My client is on the lookout for a Proposal Engineer. This role is based in Miri, Sarawak.
Proposal Engineer

(i) Qualification

A recognized degree in an Engineering Discipline or equivalent.

(ii) Experience

- Minimum 9 - 10 years experience in preparing and producing cost estimates and proposals for oil and gas engineering design works for both offshore and onshore projects.
- To study and understand the scope of work, contract requirement, project schedule and project execution plan of a specific proposal.
- To prepare/compile CTR breakdown for specific proposal.
- Lead the meeting and coordinate the input from all/relevant discipline in order to optimize the proposal cost and schedule.
- Familiar with ITB/RFQ requirement in accordance with Company standards.
- Good command of work spread sheet such as Microsoft Excel.

Many thanks,

Nisa Zainal

Progressive Global Energy & Natural Resources
Phone: +65 6591 5600
Email: n.zainal@progressivege.com

Start your job search now »

Your feedback is important and it will help us to know how we can provide the best service possible.

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Anang cabut terus mansang #GB13 #UltraSarawak #NgapSayot

Biasalah bro recruiter nak kejar komisen

I think most of the question posted in this thread has been repeatedly discussed in previous O&G version thread. I might be wrong. Please abang2 & kakak2 sekalian use the search function in this LYN forum.

Jangan marah yer. Tak salah posting your specific question. But I think it is wisely to search first at previous thread.

As per attachment, this is the search function that I am talking about. Yang dekat bold kotak merah tuuuu

This post has been edited by mohdyakup: Jun 24 2014, 12:54 PM

TTM & MTJA is something to do with Trans Thai pipeline project (Trans Eva?). CPOC vacancy is it?

Latfi Rahman
Seeks. Graduate from uitm, uia or utp to fulfil vacancies below. 1. Mechanical engineer 2. Civil engineer 3. Chemical petroleum engineer 4. Tender and procurement ( urgent post ). Email your interest to Ltnaz@oilgon.com +012 380 3820.