Kelidang which is adjacent to CAA1 and CAA2 block, was supposed to be owned by Sarawak. I personally blame Pak Lah during his reign, surrender this block dispute to Brunei.

Oh well. I dont want to talk politic in this thread. Hehe.

Hope this time Petronas has resolved the commercial dispute with PetroleumBrunei (PB).

Aker should propose a sphere floater for Kelidang, similar like Penguin FPSO engineered by Fluor.

The Kelidang FPSO what capacity? Any idea if Petronas will roll with the in-house option of MISC, or put out an open tender?

Any workable CHEAPEST option will be favoured by Petronas.

Thissssssss

I think not. Oceanmight currently fabricating for PTTEP is Pemanis Topside. If i am not mistaken, they are not fabricating any LQ. Bakau jacket and topside for PCSB and Pemanis Topside for Pttep.

This post has been edited by Maverick85: Feb 3 2021, 05:46 PM

Ahhh correct! Pemanis Topside, sorry hahahaha

By referring to the previous post on South Acis LQ, I believe its for small 20 man LQ for SA-AA, which previously fabricated by Ram-Bytes at THHE yard, I think this job way back on 2017/2018?

SA-PA nadai LQ.

Could be a new job for SA-SA?

South Acis got three : SA-PA, SA-AA and SA-SA.

pisanggoreng please validate.

Any outcome from MBR 2021 today?

Meaning that other than limbayong , there is other one kelidang for epcic this year?

FID pun belum lagi for Kelidang, I dunno. Not easy to deal with PetroleumBrunei.

Siemens Energy to cut 7,800 jobs.

Anyone working for TLO now ?
How is the situation inside TLO ?

Adding a link for this:

https://www.marketwatch.com/story/siemens-e...ment-2021-02-02

Limbayong subsea package have been awarded?

Not sure who (especially foreign oil companies) will be keen to bid in MBR 2021, as everyone shifted focus to invest in clean energy

Anyone knows if PENGERANG is on track for 1Q21 startup as targeted by Petronas?

Brent crude is inching towards USD60, today is USD59.57.

Hope it reaches USD70 soon so that the operators have the incentive to revive shelved projects and execute postponed projects!

Malaysia’s Petronas hopes to lure investors to marginal fields with new scheme

https://www-energyvoice-com.cdn.ampproject....w901fED4EtKCi4E


05/02/2021, 3:14 am Updated: 05/02/2021, 4:20 am
by Damon Evans

Petronas MPM has officially introduced Malaysia’s Small Fields Asset (SFA) production-sharing contract framework as part of an effort to revive its domestic upstream sector and lure new money.

“I think all the smaller players here – Hibiscus – and many of the service linked companies such as T7, Dialog, Uzma, etc will be bidding. This does not seem like anything foreign firms will want neither does Petronas want them. They are trying hard to keep a domestic oil sector alive and it is on life support so this will be a lifeline to them,” a Malaysia-based industry source told Energy Voice.

SFA aims to attract investors to monetise small or marginal discovered fields with resource size less than 15 million barrels of oil or less than 300 billion cubic feet of gas. It is a straightforward and simplified PSC model which gives the contractor full control over the costs, procurement and operations.

“This is a good step forward to bring these stranded small fields towards commercialisation and leveraging Malaysia existing oil and gas infrastructures,” said Eugene Chiam, a Singapore-based upstream specialist at consultancy Rystad Energy.

“These small fields will likely attract local small sized players, such as Dialog, which is very typical for small fields. Big players like IOCs and regional NOCs may find these assets too small for their portfolio,” Chiam told Energy Voice.

“Right now, the new contract terms are specially customised to reduce commercial risks associated with these discoveries. However, there are still other technical risks existing and the first two years are a short, but important window period, to further evaluate the discoveries. There is also this alpha in the formula that is uncertain if there is a minimum which Petronas is expecting,” cautioned Chiam.

“Petronas is trying to win back players to the sector and ensure the country’s future supply,” he added.

MPM, which acts for and on behalf of Petronas in the overall management of Malaysia’s petroleum resources throughout the lifecycle of upstream oil and gas assets, also announced 13 new blocks set to be offered in the 2021 bid round.

Malaysia is eager to see new money flow into its domestic upstream sector, especially as the majors, such as ExxonMobil, seek to exit the Southeast Asian nation. As Energy Voice reported previously, Petronas is seeking ways to open up its upstream to mid and late-life operators.

Traditionally, the NOC, has been very particular about who can operate the country’s upstream assets, preferring giant players, such as Shell, ExxonMobil and ConocoPhillips. However, Petronas now understands it needs to find new investors, especially companies with experience squeezing more oil and gas from ageing and marginal fields.

Malaysia’s upstream landscape is made up of a dynamic group of players ranging from super-majors to niche and small independent companies, operators and equity players, public-listed to private companies from Malaysia and around the world. As of August 2019, there were 33 investors with an approximate 70:30 split between foreign and local investors, data from Petronas MPM showed.

As of January 2021, 90 Petroleum Arrangement are active with 29 operators and partners.
There are 600,000 sq km of open blocks with over 200 open discovered resources which are available for licensing. These acreages are also available for joint study arrangements, said Petronas MPM. Potential investors are encouraged to discuss their interests with MPM, added the organisation.

This post has been edited by Stamp: Feb 5 2021, 07:43 PM

Last time check, yes bluewater tender for turret and mtc for hull rlec. Mmhe also bid for bluewater turret and rlec .

*Out of nowhere, just can't wait for limbayong to be awarded

MISC will be the front runner for this project, for sure