I don't look too kindly for those who only know how to use Petrel probably because it is such an inferior product to IRAP-RMS. It does everything so it must be good ....

Sorry a bit of a rant.

Probably because you are talking cock all the time. What facts? A lot of rubbish is all I see. You try to obfuscate your arguments with your area of knowledge with some innuendos and conspiracy theory about others. I can tell someone trying to show off but ending up looking damn stupid.

Sudah pindah bro. Left Middle East for India hahahah. Better offer.

I have to correct you here. All due respect to your dad but there is no such reserve available in Tapis. The way you describe it is also incorrect. There is no "vein" in an oil reservoir, this is not like mining where you are looking for the coal veins or gold veins etc.

High pressure and High Temperature reservoirs are also common nowadays and the ability to do HPHT drilling is common as well so no, there is no resources that was left behind. The industry just doesn't work that way, especially in Petronas and especially if it has to do with Oil.

What you mention about Tapis crude is correct that it has 10 times less sulphur than Brent. The API is approximately 46 degrees but obviously the statement that "you can put that directly into the tank" is an expression, not an actual thing that can be done. Hawtah crude (Central Arabian) which has an API gravity of 52-54 (which is almost a condensate) is one of the lightest crude around and you still can't put that directly into your car. We have the same expression as well "It's so light you can put it in the car tank" (but obviously it's just an expression, of how light the crude is).

Tapis at one time was one of the most expensive Crude Blend (Tapis Blend comes not just from the Tapis field, it comes from all the ExxonMobil or Carigali operated fields which are sent to the Tapis Processing Platform to be blended with the light Tapis crude) in the world. I wouldn't say 15 bucks above Brent, it averages mostly 5-6 bucks above Brent previously. A lot of those refineries cannot handle those middle-east crude (to build those kind of refinery, it is expensive) so that is why Tapis blend was in demand.

Hope that clears some things up.

1st off, Petronas as a group still made a bazillion ringgit in PROFIT. If my underlings makes the above kind of comparisons, I would have taken his presentation and throw it into the bin. Why in the world are you comparing PETRONAS group with Shell Refinery? Why would you compare a Company that made 11.4 BILLION ringgit PROFIT in the Quarter against a Refining company who made 85 MILLION ringgit for the same quarter and then CONFIDENTLY say that Shell is making MORE money that PETRONAS?

See what I am getting here?

PETRONAS made a smaller reduction in PROFIT percentage wise as compared to SHELL and EXXONMOBIL (i.e. PETRONAS perfoms better than SHELL and EXXONMOBIL)

PROFIT for PETRONAS slumped by 39% as compared to a 56% slump by SHELL and a slump of 46% of Q1 PROFIT by EXXONMOBIL

So before you CONFIDENTLY say that only PETRONAS is losing money, you might want to check your facts again.

Wow, that's all you got? Picking up on ExxonMobil vs. Esso in my paragraph? Yikes, you got issues dude.

My comprison was between PETRONAS group vs Shell Worldwide and ExxonMobil worldwide. But anyway, who am I kidding.... This is like talking to Tony Pua and Rafizi about 1MDB. Nothing you'll say will make them happy. They make losses they scream bloody murder, they make money you scream bloody murder also.

Your reply with MAS etc is as garbled as it gets. Sheeshhhhh.

Yup, TAPIS production is in decline and I think Platts does not use Tapis as a benchmark since 2008 as the number of transactions has been really low. As for EOR, I was involved in that. Let's hope it works. On the technical level, everything has been QC'ed, peer reviewed rigorously. So let's hope it works.

Just me this time. The kids are in Malaysia in one of the international school. Funny you mention about pindah randah because I have just accepted a position back in KL hahhahaha. Letih la working overseas. I was coming back to Johor every 2 weeks to spend time with the family.

Time to bayar cukai in Malaysia. Yikes!!!

You definitely has issues. Probably one of the reason you got the sack. Sheesh.

How stupid is it for you to compare PETRONAS who made 11 billion against Shell Refinery that made 85 million? No wonder you got the sack cause you can't make a proper comparison and analysis in the first place.

Delhi actually. Working environment is a bit chaotic and lifestyle, well, it's an experience. I can tell you that.

Yellow

Don't really know him personally because he was in the downstream side (I'm upstream) and he was in Kerteh I think before. He joined Carigali after I left PETRONAS but I did receive his post-resignation letter which was 18 pages long. It was so long that a lot of people circulated it in the email.

Tapis EOR began operation last September. They already spent 2.5 billion USD on the project so I doubt it will be stopped. These are long term projects and ExxonMobil are one of the more conservative outfit out there and probably are using USD65 or less for the economics for the entire life of the projects.

In some sense yes, I'm returning to one of Carigali's subsidiary. Letih dah merantau. Nak breakfast makan meehoon goreng and nasi lemak now heh heh heh.

You very clever ahhh

Aiyoh, banyak investigators dalam thread ni hahahaha. It's a small industry anyway. You the one from D is it?

Luckily I was approved for TalentCorp (dah lama merantau) so the tax rate is tolerable. Otherwise it would have been difficult to return. The school my kids go to cost a bomb.

In my case, I got a job in Malaysia first and then applied for TalentCorp. My friend just received his TalenCorp approval today and he has no offer yet in Malaysia. So it can be done both ways.

All my friends ada business sekarang. I'm probably in the wrong line of business heh heh heh. Now need to replenish my EPF

Check your PM