Welcome Guest ( Log In | Register )

Forum Announcement

New user registrations disabled until further notice.

Bump TopicReply to this topicRSS feed Start new topic Start Poll

Outline · [ Standard ] · Linear+

> Oil & Gas Careers V12 - Upstream & Downstream, Market still slump, slow, snail pace...

Stamp
post May 15 2018, 07:14 PM

Look at all my stars!!
*******
Group: Senior Member
Posts: 3,859

Joined: Nov 2008


QUOTE(mhyug @ May 15 2018, 05:43 PM)
will the crude price have any bearing on the activities? i.e it goes low, lower activities and vice versa? hmm.gif
*
Brent crude is inching up close to USD 80 today.

Most likely it will stabilise between USD 75 to USD 80?
steel52
post May 16 2018, 12:44 PM

Getting Started
**
Group: Junior Member
Posts: 121

Joined: May 2012
QUOTE(Stamp @ May 15 2018, 07:14 PM)
Brent crude is inching up close to USD 80 today.

Most likely it will stabilise between USD 75 to USD 80?
*
meaning there will be job opening for freshie ?
kk131
post May 16 2018, 03:51 PM

Getting Started
**
Group: Junior Member
Posts: 206

Joined: Jun 2005
From: Somewhere over the rainbow


QUOTE(steel52 @ May 16 2018, 12:44 PM)
meaning there will be job opening for freshie ?
*
Since the oil price dipped, there has been reduces cash-flow for production companies, this has led to under investment in new production facilities. Peak demand for hydrocarbon is forecast around 2030 (demand is still growing despite alternative energy sources). Now we are in a catch-up situation to get more production online to meet forecast demand.

The industry needs fresh talent, if your training is relevant, then hang-in and keeping trying for positions.
meonkutu11
post May 18 2018, 09:36 AM

Regular
******
Group: Senior Member
Posts: 1,343

Joined: Apr 2009



rclxms.gif rclxms.gif rclxms.gif

UMW Naga 8 receives extension until mid-2020


MALAYSIA: It is understood jackup UMW Naga 8 will get its contract extended by Hess Malaysia to continue working in the North Malay Basin, offshore Peninsular Malaysia.
It was earlier reported Hess was seeking Petronas' approval to continue its drilling campaign using the jackup and the rig's charter will be extended for two years until mid-2020. The unit is currently firmly chartered until around May 2018, excluding a one-year option. In third quarter 2017, Hess had issued a survey for a jackup to commence by June 2018 a two-part work scope, covering three deep wells under Part 1 and two separate campaigns of four and five wells each under Part 2. The duration, over about two years, would include the operator's HPHT requirement on the North Malay Basin Full Field Development's Phase 1B drilling campaign off Peninsular Malaysia.
17-May-2018

mhyug
post May 18 2018, 05:32 PM

Regular
******
Group: Senior Member
Posts: 1,428

Joined: May 2009
QUOTE(meonkutu11 @ May 18 2018, 09:36 AM)
rclxms.gif  rclxms.gif  rclxms.gif

UMW Naga 8 receives extension until mid-2020


MALAYSIA: It is understood jackup UMW Naga 8 will get its contract extended by Hess Malaysia to continue working in the North Malay Basin, offshore Peninsular Malaysia.
It was earlier reported Hess was seeking Petronas' approval to continue its drilling campaign using the jackup and the rig's charter will be extended for two years until mid-2020. The unit is currently firmly chartered until around May 2018, excluding a one-year option. In third quarter 2017, Hess had issued a survey for a jackup to commence by June 2018 a two-part work scope, covering three deep wells under Part 1 and two separate campaigns of four and five wells each under Part 2. The duration, over about two years, would include the operator's HPHT requirement on the North Malay Basin Full Field Development's Phase 1B drilling campaign off Peninsular Malaysia.
17-May-2018
*
so naga8 is confirmed, i wonder who will get all the tenders for their next phase. 1 more exploration well then its either back to CPP or a break of 1 month in drilling(personally i hope they go for the break..kasi rehat bohhh penat ni rclxub.gif )
wywy2020
post May 18 2018, 06:25 PM

Regular
******
Group: Senior Member
Posts: 1,297

Joined: Nov 2009


anyone know Subsea 7 in Gtower KL?
how is the working environment looks like? business outlook?
remuneration package, increment and bonus?
meonkutu11
post Yesterday, 06:54 AM

Regular
******
Group: Senior Member
Posts: 1,343

Joined: Apr 2009


QUOTE(mhyug @ May 18 2018, 05:32 PM)
so naga8 is confirmed, i wonder who will get all the tenders for their next phase. 1 more exploration well then its either back to CPP or a break of 1 month in drilling(personally i hope they go for the break..kasi rehat bohhh penat ni rclxub.gif )
*
Maybe another NAGA rigs secure that contract. As you know, MPM clearly told drilling contractors, priority will be given to local company first before open to International rig contractors. Although in some cases they hired international rig contractor, because day-rate very low, less than USD50,000/day


Quote from UMW (Velesto Energy):-

For its seven jack-up drilling rigs, the company achieved about 95% utilisation rate in the third and fourth quarters of last year.

“Currently, five of the seven rigs are under contract serving multiple oil and gas operators, representing 71% utilisation rate, while we expect to secure contracts for the other two rigs by early July. Therefore, we believe we are going to do slightly better this year,” he said.
mhyug
post Yesterday, 02:33 PM

Regular
******
Group: Senior Member
Posts: 1,428

Joined: May 2009
QUOTE(meonkutu11 @ May 19 2018, 06:54 AM)
Maybe another NAGA rigs secure that contract. As you know, MPM clearly told drilling contractors, priority will be given to local company first before open to International rig contractors. Although in some cases they hired international rig contractor, because day-rate very low, less than USD50,000/day
Quote from UMW (Velesto Energy):-

For its seven jack-up drilling rigs, the company achieved about 95% utilisation rate in the third and fourth quarters of last year.

“Currently, five of the seven rigs are under contract serving multiple oil and gas operators, representing 71% utilisation rate, while we expect to secure contracts for the other two rigs by early July. Therefore, we believe we are going to do slightly better this year,” he said.
*
if im not mistaken, shell planning to utilise naga 7.

52 Pages « < 50 51 52Top
Bump TopicReply to this topicTopic OptionsStart new topic
 

Switch to:
| Lo-Fi Version
0.0602sec    3.77    6 queries    GZIP Disabled
Time is now: 20th May 2018 - 11:44 PM