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 Oil & Gas Careers V8, Upstream and Downstream, Crude Oil (WTI): USD 45.22/bbl

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razo2
post May 22 2015, 01:26 PM

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QUOTE(meonkutu11 @ May 19 2015, 08:04 PM)
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.
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They buying time. Dear jib kor created so much shit in 1MDB.

Hope he and all 1MDB board members die with those debts instead of asking petronas to bail them out.

razo2
post May 22 2015, 03:02 PM

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QUOTE(supersound @ May 22 2015, 02:39 PM)
Construction works delayed are normal. You must know who is the contract holder whistling.gif
Also, once the plant are up and running, it can't be simply shutdown. With current low oil price, it may not be a bad thing.
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Most refinery here also shut down. Take advange to change DCS system.

I know is it normal for construction to delay

But what keeps malaysian worried is this 1MDB. Petronas wont be interested in bailing out those fellas. RAPID is giving people jobs even in the future.

If petronas is forced to bail 1MDB chances are we wouldnt see RAPID even take off.
razo2
post May 22 2015, 03:17 PM

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QUOTE(mohdyakup @ May 22 2015, 02:51 PM)
I think 1MDB will not getting any portion of RAPID project. Just my gut feeling.

1MDB already having trouble to raise fund for their gas-powered plant for package 3B awarded by TNB. I don't think they will get any Utilities package for RAPID.

Okay we shall put aside politic discussion in this thread. Hehe.
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Yeah you are right. Sorry for letting out.
razo2
post May 22 2015, 03:26 PM

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QUOTE(supersound @ May 22 2015, 03:05 PM)
They won't use Petronas to do bail out, so don't worry too much.
Even if they decided to use petronas, the worst case is they will increase petrol's price. Again, they are looking for trouble by doing so.
Now with low oil price, only India still selling at expensive price.
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I really hope they do that. RAPID will have long term prospect both job and growth for the country when oil is falling short in exploration. At least until someone can create a new method of drilling high pressure and deeper depth for Tapis.


But by not taking petronas money, the rakyat suffer a lot through lost of EPF money.
razo2
post May 22 2015, 03:32 PM

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QUOTE(mohdyakup @ May 22 2015, 03:08 PM)
Kasi chan bernafas maaa hehe
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Kena bagi MISC lar. They in a lot of pressure to make ends meet.
razo2
post May 22 2015, 05:12 PM

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QUOTE(supersound @ May 22 2015, 04:35 PM)
As long as it has shit's DNA on it, is still a shit's quality of work will be delivered.
Not much refineries in Malaysia will buy Tapis crude and process it. If we are talking Brent of USD60, Tapis crude cost USD75-85 at the same time.
That's another reason why Esso in PD changed to Petron.
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maaf bang, actually my point was the oil was running short lately. Building a new mega refinery is the future to sustain the future generations of malaysian and the rakyat.

Regarding the Tapis oil. Tapis oil is good oil that have low/no sulphur content, thus there is not much need to so refining at all. These kind of oil you can take and pump straight to the car and it will burn well.

So to elaborate further, there is a reserve at Tapis at deep depth(i cant remember, my dad knew there is oil deeper) that petronas till today still cant drilling that bugger right out of that. What exxon found for petronas was just a vein that links to a big reservoir. The french had tried to drill for pertronas to reach that depth, they drilled for 1 month nonestop but failed due to the technology and pressure was too great for the BOP at that time.

Not too sure if anyone had figure out how to solve that problem till today.
razo2
post May 25 2015, 01:38 PM

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QUOTE(supersound @ May 23 2015, 01:50 PM)
Oil never been running short, no doubt Malaysian crude are low in sulphur, but because of the price, not much people willing to buy it. Our oil is got price no market, so nobody willing to buy = oil short as stated by government.
Middle East crude are way cheaper than our crude, so most people will build a better sulphur removal plant rather than buy expensive crude.
If the crude got price and market, sure Petronas already buying technology to dig it out.
Our sea are not deep if comparing to other country's oil rigs.
BTW, if you know nuts on Tapis crude, don't simply talk like you are a pro. A crude consist of various impurities, it can't be pump straight to a car. Maybe asking help from wiki will help to prevent you on slapping your face your self doh.gif
The only refinery in Malaysia that still relying on Tapis crude is Petron, go look for a job there and see how they process it.

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Look at 40 years back for malaysia when oil can be found using 2 parallel pencils(dont believe me? ask any geologist at Petronas and Exxon) at Terrenganu oil fields. Probability of hitting an oil that time are 1/10 at best probability in exploration. Now lets talk about today 1/20 (sometimes 1/30) hits one successful oil field. So yes, oil is running short in malaysia. Gone are the days we get easy oil in malaysia. Show this statement to any geologist and they will tell you is facts for malaysian oil field. I have a powerpoint presentation of the stats of successful oil exploration in malaysia by most majors in malaysia. If not with me it is surely with my dad.

My dad is one of the founders of Tapis fields (worked on multiple oil & gas fields with proven sample taken from the field itself as the reward of his efforts) in ExxonMobil from his 50 years service in the company. Given a golden handshake for the retirement for long term service.

Yes, refinement is needed no doubts, but is a sweet oil which needs very little processing to remove some impurities and fine sand. If you do not take into account the standards of oil quality, you can still use the oil in a car any day. They share the same traits as the Middle oil in terms of age, quality and reservoir porosity. Please do note not all Middle east fields share the same traits.

Please ask before you quote assumptions. There is even proven research on why Tapis oil is almost similar to Middle East, Petronas was smart that they needed to know the reason why sweet oil exist.

This post has been edited by razo2: May 25 2015, 02:22 PM
razo2
post May 25 2015, 03:46 PM

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QUOTE(supersound @ May 25 2015, 02:42 PM)
Tapis crude only good for diesel manufacturing but poor on Petrol manufacturing.
So your logic of little processing still does not stand.
And I never make any assumptions, it is a fact that you are trying to deny. As said before, some search from wiki or distillation books will help you to gain more knowledge from your under the well knowledge.
If Tapis crude can straight away being used as finished products with minimum processing, then why Petronas and ESSO need to invest and building hydro treater to remove sulphur and platformer to boost the RON up to > 100?
BTW, your logic can only works if you eat yesterday and after that you no need to eat.
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Tapis is light sweet crude. Low suplhur content (0.04%) which produces full range naphtha (light and heavy), butane, jet kero and high grade diesel. Such crude only need fractionation to obtain their products. Of course they will try to get rid of as much sulphur and H2S in the product. Also fine sand is found in any crude which is not good for engine combustion. But nothing is perfect when it comes to sulphur removal.

The oil produced at Tapis is the same grade in all 4 platforms (platform may have increased for DD, my dad's time no such thing as DD and MWD) due to the fact that they share the same geological faults, age, temperature, porosity and depth. There is a reason why only Tapis had sweet light oil.

Tapis is not found till later in my dad's career. Before Tapis, other oil fields are sour crude and some even have mercury.
Thus, this explains why PD oil refinery had a hydro treater. Hydrocrackers are use to improve the oil performance for petrol.

If things had changed in the Tapis field that I am not aware (I am working overseas btw), my sincere apology for any doubts created, we are here to share knowledge. I am here to share my dad's long life experience in that field.

razo2
post May 25 2015, 08:47 PM

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QUOTE(supersound @ May 25 2015, 05:51 PM)
As said, it is simple, your logic sure will work if you eat yesterday and then you no need to eat until you dies.
But the fact already proven that your logic fails. No need to keep on bringing your dad's story.
Even if you want to bring up 40-50 years stories your logic still fails as hydro treater are built together with crude distillers. ESSO refinery are about 40 years.
Your first statement already shows that you know nuts on crude processing. Even the lightest product of LPG still need to remove sulphur.
When a crude is tested to have 0.04%wt of sulphur, once processed it will become higher.
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I am aware that sulphur removal is not perfect. Hence my previous statement "But nothing is perfect when it comes to sulphur removal". Read my previous statement properly.

PD refinery obviously process other Malaysian oil field crude BEFORE Tapis was discovered. Tapis was only discovered only on 1969. No one builds a refinery without a HDS, that is plain stupid as each oil field are different from others when it comes to quality and sulphur content. Assuming PD only refines only Tapis oil (which NEVER HAPPENS), sulphur content will build up (even with the 0.04% sulphur) sulphur will always build up in concentration.

Regardless is good or bad crude, good or bad crude are always stored, in which later it will be blended with other crude to produce the desired products based on market demand.

No oil and gas company will take a crude to be burned staright to a car. That is plain no brainer either.My first statement was just a metaphore of how good the oil is at Tapis is.

What makes you think I dont know anything about refinery? Once again dont assume.

This post has been edited by razo2: May 25 2015, 08:58 PM

 

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