That is for upstream only I presume? Downstream should be still okay?

arldy cut!!! 20% reduced

Oil prices have tumbled further since the last cut. A lot further. Petronas is most likely pulling each barrel out at a loss now.

Heard there is incident at Petronas LNG.

Aiyohhh .... where got cut.

This is how Petronas usually conduct their business. For those on Petronas Permanent staff remuneration scheme, the salary scale is across the board, meaning that your salary grade whether if you're in Downstream or Upstream are the same. So the notion that Petronas is cutting Permanent staff salary is at the moment far-fetched.

This is the component of Petronas staff

1. Permanent staff
2. Contract Direct Hire (those on 2 or 3 year contract including expats)
3. Manpower Supply Contractors

So before Petronas do anything with the Permanent staff, who do you think will be hit first?

3. Manpower Supply Contractors will be terminated as early as possible. For those lucky enough, they would have been converted to Direct Hire Contract Staff at a "Reduced Salary" ... (this is where some confusion about Petronas cutting staff salary is coming from)
2. Direct hire contract staff - Those with contract expiring this year (about 700 of them in the upstream), their contract will not be renewed unless you're certified Superman. Those that will get their renewal will most likely see their salary cut as well
1. Permanent staff -- Before the base salary is cut, most likely the allowances that they are enjoying right now and some of the BIK (Benefit In Kind) will be cut first.

At the moment, Petronas has and will be implementing item 3 and 2, as for item 1 .... not yet and even if they do, do something, it will be the allowances and BIK, not Base Salary.

Keep Calm and Hope for The Best

hoo working day mon to thus day. meanwhile ive been getting the squeeze...7 hr seminggu kerja..... ada kerja pon tertekan x dak kerja pon tertekan....

anyone know any plant that can replace my flesh and meat...mau tukar jd cyborg la.cucuk my hole kat wall socket ja mau fully recharge

This post has been edited by mhyug: Jan 16 2016, 12:49 PM

A few of my friends were in Category 3; now they are now on "extended" leave.

$50 is the price for an oil company that digging oil from sea to break even.

Their shared service unit is competing with Accenture and other shared services companies. Core of the business is acting as third party in optimizing and leverage BPs load around the globe in project management, finance, HR, IT, manpower etc.

What is SC?
Tried applying the BDM role, but was told I don't have sufficient years of experience. Tried the AM role, was then informed they need people related to their industry. It's good at least you have a try. Got a much better offer?

Done the phone interview yesterday, its for their lube blending plant at Port Klang. Another greenfield expansion project.

Hope you get the job

Ohhh, if they are on MSCs, they are in for a long wait.

Price per barrel depends on the reserve that is developed with the investments. If I drill an offshore well for 12 million dollars (yes, that is the current price now ... yes my company is that good now) and the well is expected to recover 3 million barrels during it's economic life (economic life and technical potential are 2 different things) so the Well UTC is 4 dollars per barrel etc. Of course this is incremental economics, looking at fields that Petronas have developed, most investment are in the 400 to 500 million dollar range (wells, facilities, platforms etc etc) and the reserves developed will be in the range of 20-30 million barrels ... guess how much the UTC will be? Still around 20-30 dollars per barrel so if anyone says that Malaysia's UTC (since it's offshore) is in the 50 dollars range, they are talking out of their ass. The RSCs however are a different story, those fields require 60-70 dollar oil. The RSCs were developed during high oil price which corresponds to high cost environment. The reserve developed were in the 7-10 million barrels with CAPEX of close to 300-400 million as well so that's why PETRONAS has killed off any new RSCs and all current RSCs are on edge.

HSE/Enviromental/Green Book holder can try apply. Owner is a seasoned ex-PRW.

After a hard lobbying effort with McDermott, now I got my chance hehehehe anyone got the interview invitation from McDermott? The email just come in

nice...do we have to state current salary? is it a common practice when jumping from one job to another? and if yes, do we need to show proof of our current salary? thannks

I did not stated current salary for my last job application... I requested the amount that I comfortable with.. If the potential company ask for current salary, I will always answer "as salary information is confidential in between myself and company, I'm not able to reveal it to others"

Dear All..

Please continue your discussion in V9

Its normal to jump to others job if you employed under contract basis. Usually for current & expected salary I always put 'Available Upon Request' as I will demand and nego during interview.

abgkik you need to close this thread via options button shown as below. There is drop down menu 'Closed Thread'