Jerun engineering is being done by Petrofac RNZ. FEED expected to complete in March 2020 but for long lead items they have complete it last year itself. Sapura team will be PETRONAS not sure whats the agenda for this meeting though. FID is May 2020.

On Bayan MOPU, rumours are that T7+VME, Borneo Seaoffshore+ Handal, Landas Offshore + EPOMS were in the race. All the rumours i have gathered so far indicating T7 + VME to get the LOI within this week and the KOM expected in February 2020.

This Bayan MOPU will be operated by the whichever EPC wins the bid for a lifespan of 10 years.

received the inquiry from Sapura or MMHE?

Rumours are VME+T7 have received the award from PCSB for Bayan MOPU last week. KOM will be held next week. Hope this information will be useful to some.

Glad to see some progress on projects.

Updates on Rosemari & Marjoram:
FEED to be awarded on Q2, 2020
Package award probably in Q4, 2020 or Q1, 2021

Based on the info last week that i have the project is still moving forward. T7 plans to PO probably by end of July.

Some hiccups along the way, apparently there is some internal issues between T7 and VME as consortium. A company called DAR Energy might be taking up or more like continuing the engineering from VME. PETRONAS BHP are yet to approve DAR Energy as engineering consultant yet.

Anybody knows more on DAR Energy Sdn Bhd? Do share

TQ

Anybody here knows the sea water lift pumps with motor requirement for Mero 3?

Walaoooo so far in June 2020:
1. PETRONAS CEO resign
2. PNB CEO resign (Same guy resign for Sapura Energy as Chariman resign) because PNB own 40% stake in Sapura Energy
3. MISC Chariman resign


Hahahahaha wonder who is next and one way or another our prime minister have been very busy.


I wonder whats the big picture here, amend the petroleum act to please Sabah and Sarawak to get them supporting our current PM?? or its entirely something else.


Just a thought no way for me to prove this.

Oh just realised Tan Sri Hamid Bugo the new sapura energy chairman is a sarawakian

Gearing up for Sept?

https://www.thestar.com.my/business/busines...o-raise-rm42mil

https://www.nst.com.my/business/2020/07/605...worth-rm120-mil


Anyone have more information on this project PM 309 Gas Ledang Redev Segment 2?

PETRONAS eyes Limbayong retender
9 July 2020 7:56 GMT UPDATED 9 July 2020 7:56 GMT
By Nishant Ugal, Amanda Battersby and Xu Yihe in New Delhi, London and Singapore

Malaysia’s national oil and gas company Petronas is poised to retender a sizeable floating production storage and offloading vessel destined for its Limbayong deep-water oil development off Sabah, East Malaysia. Multiple people with direct knowledge of the development told Upstream that the state-controlled giant's upstream offshoot Petronas Carigali recently initiated a pre-qualification process for the lease, charter, operation and maintenance contract for the floater, after cancelling the previous Limbayong tender last month.

"We have just received the pre-qualification documents for the Limbayong FPSO," one person confirmed.

A second person also said that Petronas has initiated the pre-qualification chase earlier this month and aims to involve a wider range of contractors in the new bid process. Petronas last month communicated to bidders that the tender was being cancelled, project watchers said. The Covid-19 pandemic was being widely touted as the reason behind the tender’s cancellation, as the Malaysian giant earlier this year had warned about likely project delays in Malaysia and internationally. One contracting source told Upstream that Petronas is chasing a lower cost through the retender.

While there is as yet no clarity on the timelines involving the new FPSO tender process, one person close to development said it is likely to gain momentum once the global Covid-19 situation improves. Another project watcher said that the “project is now back to square one" and that Petronas is likely to include international FPSO contractors such as SBM Offshore, Modec and Bumi Armada in the retender exercise, in addition to the Malaysian players. Those believed to be among the bidders in the previous tender included a pairing of Malaysia's MISC and Yinson, compatriot Sabah International Petroleum and a consortium comprising Malaysia’s MTC Group with Shapoorji Pallonji Oil & Gas of India. Upstream in January reported that the bidders involved in the Limbayong FPSO tender were asked to extend the validity of their bids until April this year.

As per the previous tender specifications, Petronas required an FPSO capable of handling 60,000 barrels per day of liquids, including 40,000 bpd of oil, plus about 17 million cubic feet per day of associated gas. Subsequent gas production is expected to increase to as much as 150 MMcfd as non-associated gas started to be exploited. One person pointed out that design specifications for the Limbayong retender are expected to be the same. "We don't see any significant changes to the FPSO design," he said.

Project observers earlier pegged Limbayong's non-associated gas reserves at around 800 billion cubic feet. The floater is expected to have nameplate storage capacity of 600,000 barrels of oil and be able to inject 75,000 bpd of water. Water depths at the Limbayong field, which straddles blocks G, J and R off the state of Sabah, are between 900 and 1200 metres.

The Limbayong floater tender hit the market in late 2018 and technical and commercial bids were submitted in late April last year, but the tender was subsequently delayed on several occasions. The Limbayong consortium is understood to be made up of operator Petronas, with 90%, and its subsidiary E&P Malaysian Ventures on 10% — replacing the earlier contract that had been operated by Shell on behalf of then partners ConocoPhillips and Petronas Carigali. Limbayong is “an elongated and geologically complex gas and oil field”, noted consultant Wood Mackenzie. In 2002, Shell discovered the deeper clastic gas reservoir while a subsequent appraisal campaign revealed the shallower oil reservoir.

Petronas earlier this year warned that its domestic and international projects could face likely delays, as lockdowns continue across the globe due to the coronavirus pandemic although the company was aiming to maintain its domestic spending in 2020. Petronas earlier said there was an “increasing risk of some projects being delayed due to the prolonged lockdowns implemented globally and in Malaysia, and further disruptions anticipated to the global supply chain and service providers"

Heard Sapura project team prefers to work with MMHE.

Anyone knows what is happening with Jerun Gas Sales Agreement ? Its like taking forever to get finalized

ITB for FPSO Limbayong is out again

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.

based on what i heard, its a 50-50......MMHE have the capability of supporting and Sapura fabrication is hungry for projects

SapuraOMV would prefer to work with Sapura Fabrication, they feel it might be cheaper.

but the twist here is....base on what i heard few months ago MMHE price was cheaper than Sapura fabrication.

Just my thought, since MMHE have a few jobs ongoing it might just go to Sapura. This will keep Sapura fabrication in the bigger picture for competition in future. We don't want the market to be monopolized by MMHE and kill Sapura fabrication.


Once again this info is based on what i heard, it can be true or false. I would'nt know

SIP - Sabah International Petroleum