No wonder I saw Axianergy actively recruiting last time.

Thanks for the intel. Hehe

Brent crude surpassed USD64.

The rally is continuing.

This post has been edited by Stamp: Feb 17 2021, 09:22 PM

Berkshire Hathaway has filed their 13-F and disclosed a $4.1B investment in Chevron.

Chevron is now a top-10 holding for $BRK.A

Daytrader lettew hahahaha pakai broker apa bro? TD Ameritrade? Vanguard? Robinhood? e-Toro? Hehe

As expected, Rosemary & Marjoram is ON.

Timi is ON.

2021 huat ahhhhhh

Aramco preparing to turn the taps on. Oil price pulls back over a dollar.

Any hint for Rosemary? EPC by Hyundai-RW ?

Rosemary & Marjoram is a parallel EPCC. So Hyundai & Samsung will be both involved. Onshore, we are talking about a new receiving terminal and jetty(?) similar like BORF/BIF.

Timi is offshore WHP, I think 4 or 6 WHP? Not sure, but obviously SPS-SURF sure ada. WHP fabrication, sure open bid to all six Petronas licensed fabricator, THHE sure masuk. OceanMight & Brooke Dockyard would be a favourite, due to local Sarawak sentiment agenda. Sarawak state election is coming this year hehe.

My only concern, since Rosemary&Marjoram and Timi is Shell led project, Shell Global have their own audited and approved principal and vendor list. So this will be tricky to bring in a new principal to them, your principal have to be audited and approved by Shell Global first.

Anyway, this is a very good development. FID is confirmed, Sarawak need the extra gas supply from offshore, as SEDC and Sarawak State Govt need to develop petrochemical hubs at Tanjung Kidurong and Similajau area. SEDC plan to built 9 petrochemicals and other utilities plant in this area, all waiting MIDA & MITI approval, various overseas investor.

But the immediate by SEDC, apart of Methanol (Sarawak Petrochem Sdn Bhd is under SEDC), is the upcoming hydrogen plant, JV with Sumitomo and INEOS from Japan.

2021 gonna be busy at Bintulu, and Kerteh.

Untuk pembetulan statement saya di atas. Banyak error. Haha.

Not sure bro. Im in subsea, very small onshore team here.

Baru teringat.

Shell Global list is actually a TAMAP list.

TAMAP list and Petronas SWEC doesnt link and jive to each other.

That Tamap is very limited & tough to deal with. If they keep on follow TAMAP 2 star; they will end up buying at high cost though.

MESC spec is another killer.

Shell is concern on quality, thats why TAMAP is strict and stringent.

Now I menggelabah biawak already for R&M and Timi hahahahaha because I know I cannot compete with big boy who held TAMAP.

But I havent putus semangat yet. I shall fight for my cakes.

European contractor in pole position for Malaysian subsea prize

UK-headquartered contractor favourite for Petronas' deep-water Limbayong field development

UK-headquartered TechnipFMC is in pole position to secure the lucrative subsea engineering, procurement, construction, installation and commissioning prize for Petronas’ Limbayong oil and gas field development offshore Sabah, East Malaysia.

The EPCIC workscope is expected to comprise the subsea steel tube umbilicals, five-inch and seven-inch flexible risers and flowlines (SURF) package and subsea production system (SPS) with some 20 christmas trees and multiple manifolds.

Around 30 development wells had earlier been suggested for the flagship

Several sources with direct knowledge of the tender said that TechnipFMC had been selected from the three contractors or consortia that had been in the race.

“The decision [to award] was taken in mid-January,” one source told Upstream.

It is understood that, although a letter of intent has yet to be formally issued, the other two bidders have now fallen by the wayside.

Upstream has approached TechnipFMC for comment on being front-runner to scoop what will likely be Malaysia’s largest subsea prize in 2021, having a larger scope than even the deep-water Gumusut-Kakap project, also offshore Sabah.

The contractor in early 2018 landed the EPCIC award for Gumusut-Kakap Phase 2, which involved the supply and installation of equipment including the subsea production system, umbilicals and flowlines.

TechnipFMC had earlier performed parallel front-end engineering and design work, vying with Subsea 7 and Saipem that are said to have tied up with SPS players.

The Limbayong development includes the SURF package plus a gas export pipeline running about 60 kilometres to the existing shallow-water Kinabalu non-associated gas platform, KNGP-B, Upstream reported in May 2019.

A short pipeline to tie into the existing pipeline from PTTEP’s Kikeh floating production, storage and offloading vessel to the Labuan gas terminal is also planned.

Meanwhile, operator Petronas is reviewing the four technical and commercial bids that were submitted last week for the leased FPSO also required for the deep-water Limbayong project.

Three individual Malaysian contractors — MISC, Yinson and Sabah International Petroleum (SIP) — are in the fray, as is a grouping of local outfits MTC and Bumi Armada with Shapoorji of India.

The award of the Limbayong FPSO is expected in May or June.

Petronas is in the market for a floater capable of handling an initial 60,000 barrels per day of liquids, including 40,000 bpd of oil, plus about 18 million cubic feet per day of associated gas.

The vessel is expected to have nameplate storage capacity of 600,000 barrels of crude.

Limbayong's non-associated gas reserves have been placed at around 800 billion cubic feet.

Water depths at the field, which straddles blocks G, J and R offshore the state of Sabah, range to in excess of 1200 metres

-Global Upstream-

This post has been edited by Stamp: Feb 18 2021, 11:07 AM

Actually both projects were never in the danger of being shelved, only probably delayed.

Brend hit USD65 today! USD5 increase in less than 2 weeks.

I’d rather see a stable price over immediate and unsustainable increase. Easier for the development planners to come up with economics of any projects.

Rosemary & Marjoram is a parallel EPCC. So Hyundai & Samsung will be both involved. Onshore, we are talking about a new receiving terminal and jetty(?) similar like BORF/BIF.

- On this, no, I believe its a FEED competition. How to have parallel EPCC for 1 scope?

Timi is a small WHP if not mistaken, I do not have the topsides tonnage with me now.

We are currently bidding for the site clearing portion.
Still in clarification stage.

Ask Shell liao.

This is my follow up, mostly based on the news and my LI timeline