SKE B15 fabrication contract gone to SK aka KHL, Lumut.

A friend of friend to my wife is doing PhD in geomatics engineering doing mapping about wind. Amazing right? Typically geomatics engineering is all about land terrain or sea water mapping.

I think Malaysia wind got potential during monsoon? Its all about getting the right money from the right investor.

Did FPSO Kikeh, FSU Lekas, FPSO Cendor and MAMPU 1 conversion. Never had i saw even 1 Alam graduate in the PMT. No joke. Mostly are university graduates with prior overseas stints in korean or japanese shipyards doing newbuilding.

Fresh SPM. Sini apply. Senang nak masuk O&G marine related project in the future especially for floater conversion project or even on O&M prospect at FSO/FPSO etc

I used to attend the interview at 2001 and I failed very bad hahahaha

Mahal. They know that there are tons of Jackup being stacked in Labuan. Sapa murah dia dapat 🤗🤗🤗🤗

West vigilant mana ya?

yap. despite the price hovering steady at 40, drilling outlook is still grim. had a chat with a fellow colleague form another service company that his dept have just enough field hand for the 2 rigs they are covering and once those close shop, the remaining crews all will be MSSed.

I wonder if those whom had moved out will return to this industry once it picks up?

What do you mean what is the standard rate per barrel? Average crude price? For the 5 years before the crash of 2014, it was averaging close to 90-100 dollars per barrel. 2015, it averages 52 dollars per barrel (almost a 50% decline) and for 2016, most companies are calling for 35 dollars per barrel at most.

A lot of companies are now using conservative numbers in the project planning. Petronas uses 30 bucks at most for 2016 and beyond (that's the key word here ... And beyond). It took them ages to incrementally use a higher oil price for their project planning after the 1998 crash, and after the 2014 crash, the 30 dollar per barrel numbers will stay there for at least 3-4 years. So if you are doing any project in Malaysia, expect Petronas to push hard on cost. It doesn't matter what the actual crude price is at the time the project is sanctioned, Petronas will use 30 dollars and the cost associated with the projects are expected to use the same 30 dollars number as well. Any rigs with 90k DCRs can kiss the project goodbye. Not going to happen and not going to pass commercial stage.

Kalau murah, sure jalan punya. Sekarang ni if you don't give good DCR, tak yah masuk bid. Perabis beras jer.

Heard Aker also today (KL office).