Yeap I was referring to conceptual design Anyways Hope you survive the bad times.

My involvement in field development facilities team:

CONCEPT - Include items 1 (but not exploration but rather subsurface) 2 & 3, and high level economics study carried out

FEED - Item 4 and final economics study firmed up (FD approved - Project Sanctioned)

DETAILED DESIGN, FABRICATION, INSTALLATION, COMMISSIONING - Item 5

This post has been edited by Stamp: Oct 25 2015, 12:56 PM

Concept work can still be carried out during these bad times because field development takes time. My present project took 2.5 years from Concept to FEED. This long period of concept/feed work was necessary to ensure all development options were explored and exhausted, as the investment in field development runs in hundred of millions and sometime billions dollars.

If oil price goes back to around USD70-80 in a couple of years' time as predicted by the "experts", it would be another 3-4 years for a new field to start production if field development is only carried out once oil price has reached to that level.

Moreover, the cost for field development during concept/feed is not that much, and usually it accounts for about 5% of total field development cost. The cost only involves manpower. Majority of field development costs come from drilling, procurement and installation activities, in that order.

Some of the field developments work are now "being extended" and will not reach "execute" stage until the oil price reaches the level that makes field development economical. If later development becomes economical, it will be faster to reach production since development has been carried out and only need to be revisited and optimised.

I am already working on another development of a few "stranded" oil fields for a target production in 2018/19. The company strategy is obvious; to get ready for production when the oil price hits that magic "USD70-80" level, which is forecasted in a couple of years time.

This post has been edited by Stamp: Oct 25 2015, 01:31 PM

thanks for the reply..may i know do oil companies hire ladies to work offshore? and do they work under sun? does studying engineering at utp provide more chances to get oil and gas jobs?

You won't need to work under hot sun for 1 whole day.
Female operator you mean or engineer? If engineer, likely to have but operator not in Malaysia.

Still surviving haha, though it is a wake up call. Having a well thought out backup plan is important.

Usually ladies engineers visit the platform on a need basis. It is rather rare to find them working offshore on a regular basis, at least in this part of the world.

If you study engineering at UTP AND have good grades, CGPA more than 3.50, then you will have higher chance of being "called for a job interview" upon graduation if you apply for a job with an oil & gas company. But still there's no guarantee you will land a job in oil & gas companies. Competition for fresh graduate entry level at oil & gas companies is fierce.

This post has been edited by Stamp: Oct 25 2015, 10:59 PM

Lol up to you want to berjemur under the sun all day.
Ive been working offshore for 10 years & yet My skin still fair.

For your field of study its entirely up to you.
I got a generic electronics background but end up as process people. Your discipline might be different when you're working anyway. It depends on your interest/passion with the job/environment /challenge that comes with the job

My gf goes offshore once in a while normally 7 days straight yes they do bask under the sun & become tan & cry (bad living condition on floatel / ship) She does pigging / pipeline maintenance job.

This post has been edited by DuFfz: Oct 26 2015, 10:03 AM

Fyi, Petronas ICT is recruiting new staff now. Saw the advertisement somewhere.

Got post for manager?
Since got 1 manager being charged on songlap money last week

Helping for a friend: Please forward me your CV's (Senior Project Engr/Cost Estimators), Looking for candidates whom are available now with EPC experience (preferably design/front end).

In tough times like this, no harm helping others out.

Petronas finally e-mailed me saying they are gonna offer me a position (after saying that I passed the SI, back in January). Too bad I have started working in another company, doing investment analysis (my background is mech eng). Seems like my rezeki lies elsewhere.

It was good while it lasted, but I think I'm gonna stop reading this thread now. Might come back if I have to research O&G companies I wish you all the best in your career, guys. Thank you for sharing your knowledge

Good morning guys!

UMW Oil & Gas Receives LOA to Supply UMW Naga 7 Jackup to PETRONAS Carigali

UMW Oil & Gas Corporation Berhad (UMW-OG) reported Wednesday that UMW Offshore Drilling Sdn Bhd, a unit of UMW-OG's UMW Malaysian Ventures Sdn Bhd, has received a Letter of Award from PETRONAS Carigali Sdn Bhd (PCSB) -- the upstream arm of Malaysia's national oil company Petroliam Nasional Berhad (PETRONAS) -- for the provision of a jackup for the latter's drilling program.
Under the contract, the firm will assign its UMW NAGA 7 (375' ILC) for the PCSB assignment, covering seven firm wells with an extension option of one plus one well. Drilling of each well is estimated to take a minimum of one month, with the contract commencing Oct. 15.
UMW-OG did not indicate the contract value, but said in the filing with local stock exchange Bursa Malaysia that "the abovementioned drilling rig services is expected to contribute positively to the earnings and net assets of UMW-OG Group for the financial years ending Dec. 31, 2015 and Dec. 31, 2016."

Murphy to slash workforce by 23%

US independent Murphy Oil aims to trim its workforce by 23% compared to a year ago as it looks to trim overhead and improve efficiency amid low oil prices.

So you waited 10 months? Wow, so you follow up with HR like how frequent? And did they call you about the offer, or just email you about it?

Hi Otai Otai Minyak,

Any vacancy around right now? I'm still looking for O&G jobs after the layoff since June. Will appreciate your kind help. Btw, I have 4urs+ FE experience. Subsea & Wireline.

i am close to 5 months now after SI. probably we're in the same boat lol. i've already stopped calling them to follow up, as i noticed that the answer is the same every single time i called them.

This post has been edited by ZintanthraX: Oct 29 2015, 12:23 PM

Is o&g company hiring?

Businesses, as whole, will always be hiring, no matter how bad the situation can be. But very rare openings currently.

The price of USD120 per barrel was pure speculation. Most people were blinded and the industry over-expanded, with much examples of poor hiring / vetting.

The cleansing process will have some innocent casualty, we can only hope that those who deserve the job, gets the job they deserve.