hope to meet you guys...but only can go on weekend..

SDB building, east block just one level below our KL office..

So, you will go back to MIDDLE EAST??

we drilled Laila.

Drydocks Bags Turret Fabrication Deal from Orwell Offshore for FPSO Layang


Drydocks World, a Dubai-based provider of maritime and offshore services to the shipping, oil, gas and energy sectors, reported Thursday that it is set to expand on its extensive track record of constructing Turret Mooring Systems, securing a contract from Orwell Offshore to fabricate an external Turret for FPSO (floating production, storage and offloading) Layang for deployment to the Layang field in Block SK310 offshore Sarawak, East Malaysia.
Drydocks World’s experienced team will play an integral role in facilitating successful project completion during this fast track project expected to be delivered in 1Q 2016. The technical expertise and innovative solutions at Drydocks World have successfully delivered similar external turrets for FPSO’s and FSRU’s. The external turret for Orwell Offshore will deliver significant improvements in operational effectiveness and weathervaning capabilities on FPSO Layang, enabling FPSO operations in water depths of up to 295 feet (90 meters). Drydocks World’s innovative strategy has lead the company to win global projects for the international energy industry, such as Orwell Offshore, validating our approach into the future.
Drydocks World has constructed massive scale projects for world renowned offshore companies, demonstrating the yards vast fabrication capacity while ensuring excellence in safety and quality. As one of the few worldwide specialists capable of constructing such large complex Turret Mooring Systems, Drydocks World has the proven expertise with 4 turrets previously delivered. With the completion of the final module for the world's largest turret approaching, Drydocks World has created a name for the company in successful offshore fabrication. Constructing this turret for Orwell offshore is a milestone in marking the next phase of turret development at Drydocks World and we look forward to working with Orwell Offshore again.


Article Date: Friday, May 15, 2015

EnQuest Reports 'Strong Operational Performance'


UK and Malaysia-focused independent producer EnQuest reported what it described as a "strong operational performance" for the four months to the end of April. Hydrocarbon production was up 20.2 percent over the same period of 2014, averaging 30,768 barrels of oil equivalent per day.
EnQuest reiterated its production guidance for the whole of 2015, stating that it was expecting between 33,000 boepd and 36,000 boepd. This would represent a 24-percent annual increase at the mid-point of the range.
The firm said the FPSO (floating production, storage and offloading) vessel for the Alma/Galia development in the UK North Sea has been securely moored on location in the field. The project remains on track for first oil in mid-2015. Meanwhile, EnQuest added that its Kraken development continues to be on budget and on schedule for first oil in 2017.
EnQuest CEO Amjad Bseisu commented in a company statement:
"Production of 30,768 boepd to the end of April is a good start to the year and was achieved as a result of ongoing strong operational performance across EnQuest's assets and the inclusion of Malaysia, in line with our expectations. The strong performance in our newly-acquired Malaysia assets, where we took over operations late last year, is testament to our ability to quickly impact production in late life assets.

"EnQuest's two major development projects continue to progress well. Across the business, we continue to implement our program of cost reduction, improved efficiency and capital expenditure rationalisation. The extensive 2015/2016 oil price-hedging program remains in place and we have taken a further precautionary measure in resetting the covenants on the retail bond. EnQuest is positioned to achieve substantial increases in production from both Alma/Galia and Kraken over the next two years, delivering material increases in cash flow."



Article Date: Friday, May 15, 2015

Laila Majnun...huhu

Laila-102
Laila-103
Laila-104

Petronas said it would be delaying the start-up of its $16billion RAPID refining and petrochemical complex in Malaysia until mid-2019.

The move will push the project back from earlier that year.

The decline in oil price has led to a review by Petronas looking at some of its engineering, procurement and construction contracts.

Chief Executive Wan Zulkiflee Wan Ariffin said: “For the refinery, the start up will be middle of 2019. That is the current schedule.

“Commodity prices went down – it was a good time for us to go into the market for EPC contracts. We did some rebidding to get better prices.

“We’ve taken the decision that some of the chains in the petchem will be rephased. Basically, some of the chains, like the phenolic chains, will come later.”

The $16billion refinery and petrochemical integrated development was initially poised to start operations by early 2019.

It will consist of a 300,000 barrels-per-day refinery and petrochemical complex with a combine chemical output of 7.7million metric tons per year of various projects.

In the fourth quarter of last year, Petronas posted a loss of $2.03billion, marking its first loss in at least five years.

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

My fren was a MISC scholar, join the project team since he graduated.

and the moral of the story is??...join client??
he he he

Malaysia's Petronas Posts 39% Drop in 1Q Profit on Global Oil Slump


KUALA LUMPUR, May 22 (Reuters) – Petroliam Nasional Bhd , Malaysia's state oil company more commonly know as Petronas, reported on Friday a 39 percent drop in quarterly net profit due to a drop in benchmark crude prices.
Net profit was 11.4 billion ringgit ($3.18 billion) for the January-March period, compared to a profit of 18.8 billion ringgit in the same period in 2014, Petronas said.
Revenue for the quarter was 66.2 bln ringgit against 84 bln ringgit in the prior year period.
The company said quarterly profits were impacted by lower revenue due to a 50 percent drop in benchmark crude price, but was helped by higher processed gas trading and better LNG sales volume.
It maintained a projection for crude oil prices to average $55 a barrel in 2015.
Petronas will pay a dividend of 26 billion ringgit to the Malaysian government in 2015, lower than the dividend of 29 billion ringgit it paid in 2014.
Unlisted Petronas is Malaysia's only Fortune 500 company and accounts for most of the government's oil and gas revenue. ($1 = 3.5830 ringgit)
(Reporting by Anuradha Raghu; Writing by Praveen Menon; Editing by Muralikumar Anantharaman)

as far as i know;

1. DE (operator) - write the noop (well program) mainly based on the information from the subsurface, as well as discussion with drilling/completion team. Gathering the info they get from the oilfield services into the well program. They have the requirements and oilfield services will propose to operator which tools that meet that requirements. Be a onshore focal point when drilling is executed. some operators have drilling superintendent that will lead the drilling team but some they only have head of drilling that comes from the DE itself. Drilling supervisor/companyman on the rig reports to drilling supt or head of drilling. Basically DE needs to have all rounder knowledge (i.e mud, bit, dd, etc.)

DE in oilfield companies if i'm not mistaken provide or propose the tools or technology that meet the operator requirement to drill the well. they also run simulations with the tools with a certain parameters and info the provided by the operator.

2. Some of the DE in operators came from services company and previously a field engineer such as mud engineer or MWD. Most of the DE come from fresh grad and gains experience from there. Drilling Contractors DONT HAVE a Drilling Engineer.

3. Drillers are NOT Drilling Engineer. Driller drills the hole as per well program or SI (standing instruction) written by the companyman. When drills directional hole, driller will follow directional driller's instruction, when performing operations with specific tools, the tool specialist (i.e fishing supervisor, linerhands etc) will advise and instruct driller what to do to work with their tools.
You dont have to have a degree to become a driller. but being a driller, you are responsible of the safety on the rig floor and your duty to shut in the well if you think it is necessary.
Normally driller comes from people who worked hard from bottom (roustabout, roughneck, derrick/pumpman, assist driller and driller) or there is also now a driller trainee program (fast track program).

This post has been edited by meonkutu11: May 25 2015, 10:13 AM

of course it is possible. my U senior who was a petronas scholar resigned from petronas after less than one yr service to join slb. she paid the penalty but i guess it is really worth it. now she's working/staying in houston, still with slb.

working with operator vs oilfield services....both have pros and cons...depending what is 'best' means for you...

if you are fresh grad, apply all....the competition is very very tough out there. quick google search can tell you how many people being laid off in this 2-3 month and still on going...get in first, build your network, gain experiences, work hard and go up the ladder...keep humble...

S. Stri..

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

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.

congrats..
...keep humble...

learn how to be a good client..be firm but dont blindly shoot people(contractor/services) in front of people. they serve to you, anything (info/spec/presentation) you ask them they will try to provide ( because they are service company/product specialist)...this is not the game of who know more than who....you have a job to complete!

my 1.2cents...

he just filling his time telling how good he is and how stupid others..he has some much time as he got laid off recently...i guess laid off from middle east, where he was very proud with his job over there...i just enjoy his show...