Very good sharing. Thank you.

This is what forum should be aspiring to, information sharing and networking. Not for "i know more than you, you piece of s*** therefore STFU" kind of mentality.

Nice presentation, u deserve a medal

Lucky the legend dreamer101 is not in here

Can share bro? would love to read

S. Stri..

I remember doing the field separators and the giant inlet separator dump/level logic a few years back. It was fun, but we don't deal with AGRU (Acid Gas Removal Units) as the gas is extremely sweet here upstream although additional processing to meet export requirements may occur downstream when CO2 removal is done at Curtis Island.

Our gas is generally 97~98 percent methane out of the ground 2 percent moisture and 1 percent CO2 with fractionals of CO and some H2S based on the last chromatograph readings we were sent from the labs.

Bro.. please put this under Job Classified.. link in the 1st page

anyhooo.. why would our NOC hire european? with 0years experience
any big project in pursuit?

This post has been edited by shahrilidzwan: May 27 2015, 10:13 AM

Noted Bro..just want to highlight to fresh grad (especially) that this might be one of the "nationalization" program that our NOC looking at.

I would think that they have allocation for locals too. If not, I would surely riot. During this downturn, rate of unemployment is rising yet they're giving entry level jobs to foreigners lol.

Anyway, I think this is for the second batch. I have some friends in the first batch and one of them said there's only one foreigner in their batch. That being said, I have no idea how the locals are supposed to apply for this. Anyone saw an ad in the papers regarding this?

Tiem to apply lol.

I'm technically a foreigner

Foreigner talent bayar international market rate. Local talent bayar local RM rate. Sedih betul our NOC. Opss. Saya sangat sayangkan NOC kita. Hehe.

Either doing Cost Control, Planning or C&P (QS - tendering, proposal etc) in O&G. Sure boleh.

SBM is US based, Monacco to be precise.
French O&G in KL Sentral. I have no idea.

Marine bunkering business quite lucrative if you have strong connection with OSV player in the market. Lotsa OSV owner based at SG.

noticed this weeks ago, a bit upset when stated there FOR FOREIGNER, but gonna try luck after saw some local forumer applying.. hah

Tip : Go overseas, get new citizenship, fly bek, enjoice

Is There Light At The End Of The Tunnel For The Asia Pacific Rig Market?


You could argue there is a flicker of light given the number of enquiries that are emerging but the vast majority of these are for 2016, are short term and may only be price checks. Any genuine requirements will in any case be extinguished if, as experts predict, the oil price drops down again.

Some enlightened operators do see the opportunity of getting their commitment wells drilled cheap. But so far few operators have walked the talk. Rates for premium jackups are already below $100,000 and are expected to drop further. Mid water floaters are closing in on jackups prices and now we have an ultra-deepwater drillship that recently completed a contract at $575,000 in East Africa preparing to mobilize to Vietnam for a 140 days firm contract at a new low of $255,000.

So what does the market look like for the rest of 2015?

The jackup market looks the worse mainly due to the sheer number of rigs in the region, currently seventy-two (72) competitive units, and the spectre of another one hundred and twenty (120) new builds under construction in Singapore, Batam and China. Only thirty eight (38) of these are scheduled for delivery this year and can be regarded as potentially entering the regional market but this is unlikely as most are speculative orders from non-drillers whose aim was to flip the rigs before delivery. Now they are all trying to delay accepting delivery until 2016 or beyond or more likely not to accept delivery at all. However there are eleven (11) units owned by regional drillers or bona-fide international drillers that are likely to be marketed in the region if they do get delivered this year. This does give us potentially eighty-three (83) jackups making up the regions fleet.

Stripping out the aforementioned eleven (11) rigs and reviewing the current competitive fleet there are currently, at time of writing, three (3) jackups cold stacked, fifteen (15) warm/hot stacked, another eight (8) coming off contract by end June, a further twenty (20) by the end of the third quarter and then add on another seven (7) more by the end of the year. That is fifty-three (53) rigs battling for the scraps that are on offer for a 2015 commencement, mainly Hess, Roc, SKE and CPOC in Malaysia, Salamander in Thailand, Total in Brunei and Husky CNOOC and PHE WMO in Indonesia. Some operators in the region are reporting up to fifty (50) rigs being offered them in responses to market surveys.

Just to make matters worse for the international contractor “regionalization” has sprouted horns. Vietnam will always contract PV Drilling’s four (4) rigs first before any non-Vietnamese rigs get a look in. Indonesia, through its local content requirements, provides Indonesian drillers such as Apexindo, KS Drilling and Marco Polo an inherent advantage though there is no push to use domestic rigs. Worse of all is Malaysia which has in the recent past employed as many as nineteen (19) jackups but now with domestic contractors UMW, Perisai and Coastal providing or soon to provide twelve (12) premium jackups between them and Petronas dictating that preference should be given to Malaysian contractors, a major market has been removed for the international contractor.

Operators are also doing their best to put restrictions in their tenders; Salamander only wants rigs that have worked previously in Thailand, Husky CNOOC require a mountain of legal paperwork designed to allow them to disqualify itinerant bidders and open the way for COSL rigs, Total Brunei only allowed those who pre-qualified for their first tender to bid on the re-tender despite lowering their technical requirements that would have allowed in a host of other rigs. M3Energy contracted a rig in order to get their PSC extended with little enthusiasm to actually drill.
In summary not much light at the end of that jackup tunnel.

The floater market is a little harder to analyze due to the propensity of Transocean, Noble, Diamond and Ensco to send their old floaters over here to die. Initially they are warm then cold stacked then eventually listed as scrapped. This sequence has now accounted for thirteen (13) venerable semis and drillships. Currently there are four (4) units cold stacked and eleven (11) rigs warm stacked, mostly in Labuan. These are uncontracted mid water units, deepwater rigs and ultra-deepwater units. Another nine (9) floaters are due to complete their contracts in 2015 and will doubtless join the “available” fleet as may a further five (5) floaters coming off contract in India this year which tend to graduate to this region for stacking.

Prospects for floaters in 2015? Well there is Petronas Brunei but that will be picked up by UMW’s Naga 1, otherwise a few to sniff at for 2016 if they don’t go away in the meantime.

There is little doubt that the Asia Pacific rig market is more in the doldrums than other region; the Middle East, where operators can produce cheap oil, has barely been affected – only some rate reductions mainly forced by Saudi Aramco and those generally only until end 2015. There has however been a slew of new fixtures at rates between $115,000-130,000 so it could be argued that this market is almost buoyant.

Ensco and Shelf have been moving rigs out of this region into the Middle East and this is a trend you are likely to see more of from international contractors as they see restricted opportunities in the Asia Pacific region and will seek opportunities elsewhere particularly if the downturn is long lasting.

Is that link for higher education? Its not for job openings...right?