Current SIP situation is like EAT won the FSO project for Bergading Field.. but SIP very confident, the ball still running..

Quite similar with other company's IT department.. You gonna take care the hardware or software?

Bumi Armada delayed mainly due to pandemic..

Even for other players, to fulfill quarantine time, its consume days and cost.. there was 28 standby days require to be paid for offshore personnel..

Abang punya company macam mana bang? ada sangkut umbrella MSC ka?

Need to look for Brazil Oil and Gas industry.. Quite busy nowadays..

I believe, Petronas is using rank 1 to 5. Average performance is at 3. If you delivered as per job description, mostly you will get 3. If you extraordinary than your job description requirement, you will get rank 3+ or 2. i.e. if you are Project Manager and you managed to deliver project earlier/on time and below the budget, you can get rank 1. So there is very important for you and your line manager to agreed on the job description and tasks at 1st day of every year, have mid year review (to ensure you on track) and appraisal in year end.

You will have a fair appraisal if your company/manager have early agreement of your job description and task at early day of every year. I have seen many of employee and employer have disputed on performance when they did not set any job description and task at early stage.

As I mentioned earlier, currently Brazil oil and gas industry is very happening compare to other country..

Even Petronas have won Sepia Field at Brazil.
https://www.thestar.com.my/business/busines...d-in-brazil-bid

For your information, Malaysia Company, MISC is converting a VLCC tanker to FPSO for MERO3, Brazil. YINSON also will provide FPSO to Enauta Energia for Atlanta field, Brazil.

No need to mention about SBM on their Brazil FPSO projects.. MODEC too..

This post has been edited by abgkik: Jan 17 2022, 10:19 AM

According to Anuar (CEO), Sapura Energy has accumulated RM460 million in Covid-19-related costs, which are being claimed from clients.

“As a whole, the cost of Covid-19 was RM460 million, but the impact on contract costs to us was two to four times higher … So imagine, those are the costs that I incur and that have not been paid. So what does it do to the P&L? That’s negative cash flow going out, nothing in,” he says.

like he care..

I get out from this mess first..

That is bad, seem like the company don't have proper review because superior/manager performance based on the agreed Job Scope in early of the year.

Now they share price at the lowest...

All companies struggling to complete their project during Covid-19 Pandemik.. However, MERO3 FPSO gonna change their mode from engineering to construction very soon..

MISC package quite similar with Petronas staff package.. Still reasonable..

Also loan house subsidization..

Brazil project have been happening since 2015, it is just when others were slowing down, Brazil was maintaining their offshore project.
That why is seemed to pick up.

To be part of expats in Brazil, knowledge & experience on their oil & gas local authorities requirement is a must! Which resulted most all of them able to speak Portuguese.. Obrigado

This post has been edited by abgkik: Feb 4 2022, 04:19 PM

Owner is trying to meet their range of budget I think..

Brazil's FPSO is happenning..

'The second contract is between Keppel Shipyard and Japanese FPSO specialist MODEC for the installation and integration of topside modules onboard the Brazil-bound Bacalhau FPSO'

https://www.marinelink.com/news/keppel-offs...ls-m-new-494158

I believe its happen everywhere to avoid over manpower..

This incident was happen 8 years ago at Resak delivery system platform in Kemaman, owned by Petronas Carigali..

'Court affirms fine against Petronas Carigali over unsafe work system"

https://www.msn.com/en-my/news/national/cou...ocid=entnewsntp

This post has been edited by abgkik: Feb 16 2022, 10:46 AM

I believe there is mutual understanding in between Bumi Armada and Shapoorji Pallongi as MTC is in the picture.. MTCE is providing engineering service to SP while SP is acting as financial supporter.

but I don't think they will proceed with single bidder..

For many years, Bumi Armada is in losses.. That is why Shapoorji come into a picture as JV (financial supporter) start with FPSO project for India water. Bumi Armada may start to look for new FPSO project, but not so soon..

OSV supply is no more their bread & butter, many Malaysia OSV companies bungkus during low price of crude oil..

https://www.bernama.com/en/business/news.php?id=2052950

MISC Net Profit for year 2021 is about RM 1.83 billion...

I can smell good annual bonus for their employees in Q1 this year..

Adoiii.. I want my 5 months bonus..

They are preparing for FSRU I believe.. but i don't think they will hire them before get the project..

Armada Claire still available.. that is one of my FPSO project 10 years ago.. fuhh.. time fly..

This post has been edited by abgkik: Feb 24 2022, 09:21 AM

She capable of going to other fields, however Claire come with Disconnectable Turret Mooring System.. So there is limitation on maximum riser that she can cater...

Bumi Armada salary range is not bad..
and provide many benefit for Lead position and above..

Petronas Chemical profit RM7.35 billion..

https://www.msn.com/en-my/money/topstories/...ocid=entnewsntp

Awaiting for Petronas profit announcement..