FPSO Ventures win O&M contract for FLNG-1. FLNG-2 still in progress.

Construction works delayed are normal. You must know who is the contract holder
Also, once the plant are up and running, it can't be simply shutdown. With current low oil price, it may not be a bad thing.

I think 1MDB will not getting any portion of RAPID project. Just my gut feeling.

1MDB already having trouble to raise fund for their gas-powered plant for package 3B awarded by TNB. I don't think they will get any Utilities package for RAPID.

Okay we shall put aside politic discussion in this thread. Hehe.

Mubadala looking to speed up development of SK320 block

Mubadala Petroleum Sdn Bhd said the company has managed to unlock significant gas discoveries in its SK320 block in the South China Sea and is in discussion with its partners, Petroliam Nasional Bhd (Petronas) and Sarawak Shell, to further accelerate the development of the resource.

“We have managed to unlock significant gas discoveries in SK320. At the moment, we are in very active discussion with our partners to accelerate the development of the resource,” said Mubadala’s CEO Mussabeh Al Kaabi at the 18th Asia Oil and Gas Conference yesterday.

As the operator, Mubadala Petroleum owns a 55% share in Block SK320, Petronas Carigali Sdn Bhd owns 25% and the rest is held by Sarawak Shell Bhd.

The block was awarded to Mubadala Petroleum in 2010. Mubadala Petroleum then signed a deal with Shell to swap equity in two exploration blocks in offshore Malaysia.

Shell gained its 20% interest in Block SK320 under the agreement while Mubadala Petroleum received a 20% interest in the Deepwater Block 2B which Shell operates.

It was recently reported that Mubadala Petroleum has confirmed the Pegaga discovery in Block SK320 offshore Malaysia as a substantial gas find with significant commercial potential.

A third discovery, Sirih-1, has also been confirmed from the 2013/14 exploration drilling programme that has targeted a series of carbonate pinnacles within Block SK320.

This adds to the Pegaga-1 and Sintok-1 discoveries announced previously, and the existing M5 discovery which Mubadala successfully appraised in 2012.

The Pegaga-2 appraisal well was drilled to a total depth of 2,685m and confirmed an 850- m gas column.

As for its Thai operations, Mussabeh said its 10,000 barrels-per-day (bpd) Nong Yao oil field in Thailand will start production in June, bringing its total oil output in the country close to 40,000 bpd, up 33% from current levels.

“Within a month hopefully or so we will bring a third field called Nong Yao. So we are very active in Thailand and looking forward to expand our footprint in that country,” he said.

Mubadala Petroleum is currently producing almost 30,000 bpd of oil from the Manora and Jasmine fields in Thailand, Mussabeh said. Output from Manora peaked at 15,000 bpd between late 2014 and early 2015, he added.

Mubadala Petroleum is as a wholly owned subsidiary of Abu Dhabi’s Mubadala Development Co. In SouthEast Asia, the company acts as operator across an extensive range of assets located in Thailand, Indonesia, Malaysia and Vietnam.

Most refinery here also shut down. Take advange to change DCS system.

I know is it normal for construction to delay

But what keeps malaysian worried is this 1MDB. Petronas wont be interested in bailing out those fellas. RAPID is giving people jobs even in the future.

If petronas is forced to bail 1MDB chances are we wouldnt see RAPID even take off.

They won't use Petronas to do bail out, so don't worry too much.
Even if they decided to use petronas, the worst case is they will increase petrol's price. Again, they are looking for trouble by doing so.
Now with low oil price, only India still selling at expensive price.

Petronas-MISC.. Kawan2 ma...

Agreed.

Well, the current contract holder on behalf of PETRONAS for RAPID is Fluor-Technip JV PMC hehehehe

Kasi chan bernafas maaa hehe

Getting Floor to do the construction job? Ok what, I'm expecting RAPID to be start up on after 2020
Let's see will my prediction right or not. Already strike 1 in January

Yeah you are right. Sorry for letting out.

Fluor-Technip roles as PMC is more into EPCM for RAPID.

It would be the EPC contractor's will be sweating their bloods and tears chasing for schedule hehe.

I really hope they do that. RAPID will have long term prospect both job and growth for the country when oil is falling short in exploration. At least until someone can create a new method of drilling high pressure and deeper depth for Tapis.


But by not taking petronas money, the rakyat suffer a lot through lost of EPF money.

Kena bagi MISC lar. They in a lot of pressure to make ends meet.

As long as it has shit's DNA on it, is still a shit's quality of work will be delivered.

Not much refineries in Malaysia will buy Tapis crude and process it. If we are talking Brent of USD60, Tapis crude cost USD75-85 at the same time.
That's another reason why Esso in PD changed to Petron.

This post has been edited by supersound: May 22 2015, 04:36 PM

O&G, never got any job opportunities in this industry,

Looking for job in O&G company, position contract executive

Thanks

Kompeni aku nih taik rupanya. Hmm. Everytime I saw your posting its always a negative remarks. Nak sentap pun tak guna jugak. Chillex jer lah.

I dont know your past, your vengence, but not everything is gloomy during this downturn.

T&T headhunters called me for a QS roles - project at Gebeng. 18 month contract. Interested? PM me and I will forward the email.

my fren (MISC) is in ABS office in Korea for FLNG-2 project.