Will AKER also do the hull FEED work for Mero 3?

they do not own the menara exxon.

it's typical of any american companies to only rent offices in the countries they operate in. easy for them to leave the countries if needed.

another example is that citibank does not own the menara citibank on jln ampang.

yeah, enquest is rumored to be very interested in buying exxonmobil assets in Malaysia. so does hibiscus.

Based on what i heard so far:

MISC will bid for participation sake. This time around Yinson wont be partnering up with MISC.

Heard Bumi Armada cash flow not convincing enough for this project unless they sign a piece of document with the bank. Probably they might not participate as well.

SBM Offshore apparently not interested because low margins they rather focus on international projects.

Yet to find out more about MODEC's involvement.

Not sure if MTC is participating and if SPOG is involved again.

The last round of bid heard rumours SIP had the lowest price. I wont be surprise if SIP wins it again based on their strategy but its just an assumption by me.

First round SP didn’t bid with Bumi. Don’t think Bumi even bid first round. Now their financial position and future a bit more secure.

But SP and Bumi already have 4 existing JV fpso. Will this be against them?

Really? Not in Oil & Gas. We need them because of their experience in GOM and the North Sea. We need them in Project Management so many people hire the best for projects in Malaysia and to groom local Malaysian.

Incident at Baram platform this morning? A workboat rammed into and destroyed one of the bridges?

Not much details I received, however there's 1 fatality.

The 4 guys have been found. The next concern is about 62 pax that was mentioned to be still onboard when the vessel sunk.

Rumor says same project.
The same vacancy been promoted by few agencies : HAYS, Airswift, MISC themselves.

Not sure why they can't secure the right talents

hi all sifu,

just curious, when will limbayong fpso be awarded? now is in re- bidding process right?

I read from one Brazilian oil&gas article that it was delayed to 2021. Actually the bid closing date was delayed.

According to reports, the major players in the FPSO market are South America (28.6%), Asia (27.6%), Africa (21%), Europe (14.7%), Australia (4.5%), Middle East (1.5%), and North America (1.5%). Some areas won't use FPSO worrying of a terrorist attack or on the ground of SAFETY. Hence no FPSO, FPU, or FSRU.

FPSOs are more environmentally friendly than rigs. While many rigs have been in operation for several decades and have a permanent ecological footprint, an FPSO can be designed and redesigned for more environmentally friendly field operations than their immovable brethren. According to reports, why FPSOs are the future of the Oil And Gas Industry:
1. Fast roll out = quicker profits
2. Reduced investment = lessened overheads
3. FPSOs do not have to be custom-built
4. FPSOs can evade harsh weather
5. FPSOs can move from field to field
6. Abandonment costs are less than for fixed platforms
7. FPSOs are ideal for deepwater drilling
8. Asset integrity costs lessened with FPSOs
9. FPSOs eliminates the need for costly and expansive underwater infrastructure
10. FPSOs are more environmentally friendly than rigs

According to MPRC, the top 10 Global leased FPSO Companies by Fleet 2017:
1. BW Offshore 15
2. SBM Offshore 14
3. MODEC 14
4. Teekay Offshore 10
5. Bumi Armada 9
6. MISC 6
7. Bluewater 5
8. Yinson 5
9. Petrofac 3
10. Rubicon Offshore 2

SIC, MTC, and THHE are not on the list.

I am not a technical person. So I don’t understand an earlier post that compares FPSOs to rigs. I thought they are totally separate functions (one is like a platform meant for production, the other is to drill new wells to eventually tie to the platform) not meant to be alternatives to each other ?

Your understanding of “rigs” is correct if you are thinking of drilling rigs.

Most likely the poster was referring to fixed platforms when he stated “rigs” in his posting. Fixed platforms like a CPP have similar production functions with FPSO as you described.

MayBank says Yinson and MISC will compete head-on for the Limbayong FPSO retender

I’m guessing that MISC is devoting all its major resources to carry out MERO 3 FPSO. It’s a very important and strategic project as it opened the lucrative Brazilian FPSO market to MISC.

Curious about Bumi Armada. They have the 98/2 Kakinada FPSO...should be a pretty major project. But they don't seem to be involved in the engineering/designing of the FPSO? Looks like all the people hired are working for Shapoorji O&G in Singapore.

Is there a reason Bumi Armada is being sidelined / taking a back seat? As I recall, past Bumi-Shapoorji JVs...Bumi was the one leading the fort in terms of design and development expertise.