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 Oil & Gas Careers V12 - Upstream & Downstream, Market still slump, slow, snail pace...

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NewBodOnTheBlock
post Apr 6 2021, 01:56 PM

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QUOTE(NewBodOnTheBlock @ Apr 6 2021, 01:55 PM)

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Seems like M finally has the LoA for the Jerun CPP...
mhyug
post Apr 6 2021, 08:19 PM

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QUOTE(Stamp @ Apr 5 2021, 08:04 PM)
Yes. Jerun CPP topside includes one wellhead module which will be installed on top of the jacket for early drilling. The CPP topside will be installed about a year later via floatover technique.
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thank for the info, appreciated it.
HP Computer
post Apr 6 2021, 09:07 PM

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Is petrofac rnz getting any new project in Malaysia?
Stamp
post Apr 7 2021, 12:04 AM

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QUOTE(NewBodOnTheBlock @ Apr 6 2021, 01:56 PM)
Seems like M finally has the LoA for the Jerun CPP...
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Engineering already began at full speed.
Stamp
post Apr 7 2021, 12:05 AM

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QUOTE(HP Computer @ Apr 6 2021, 09:07 PM)
Is petrofac rnz getting any new project in Malaysia?
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Stay tune.
zexonsmart
post Apr 7 2021, 08:12 AM

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QUOTE(Stamp @ Apr 7 2021, 12:04 AM)
Engineering already began at full speed.
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No official announcement yet
Stamp
post Apr 7 2021, 08:23 AM

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QUOTE(zexonsmart @ Apr 7 2021, 08:12 AM)
No official announcement yet
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Work can start upon receiving LOA.

Are you new in oil&gas industry?
ZZMsia
post Apr 7 2021, 09:55 AM

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QUOTE(Stamp @ Apr 7 2021, 08:23 AM)
Work can start upon receiving LOA.

Are you new in oil&gas industry?
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i was like ... LOL .. Announcement? some companies project start 3-4 months
zexonsmart
post Apr 7 2021, 12:51 PM

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QUOTE(ZZMsia @ Apr 7 2021, 09:55 AM)
i was like ... LOL .. Announcement? some companies project start 3-4 months
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How much is the contract value?
SUSRorschach85
post Apr 7 2021, 05:21 PM

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QUOTE(Stamp @ Apr 7 2021, 09:23 AM)
Work can start upon receiving LOA.

Are you new in oil&gas industry?
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Practically in whatever industry receive LOA can start work laugh.gif
Insurance , bank guarantee etc simple matter only
hfz
post Apr 10 2021, 01:44 AM

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QUOTE(mohdyakup @ Apr 5 2021, 10:00 AM)
Petrofac PM304 Ltd retrenchment is a norm, heck its a norm for Petrofac Group worldwide to give pink slip when business is not doing good.

Petrofac E&C at Sharjah UAE is the biggest income contributor for Petrofac Group.

Petrofac-RNZ is an engineering consultancy services, inclusive E&C division as well in Malaysia.

Petrofac PM304 Ltd is (IES division) is the Upstream business arm. They just recently sailaway the East Cendor WHP from Muhibbah fab yard, bound for HUC offshore Cendor field Terengganu. Petrofac PM304 Ltd are also plan to sell their Upstream assets in Malaysia particularly for West Desaru and Cendor field, but there is no willing buyer yet. During my stint there, the commercial peoples in plan to develop East Kemasik field, not sure if lepas MR1 to MR5 gates or not, cerita lama on 2015 or 2016.

Project are still there for Petrofac PM304 Ltd, just that, _______ (fill in the blank).

Permanent roles with Petrofac? Nadai. Yilek. Semua short stint, contract basis.

Thats how it is nowadays. No more permanent staff roles. Banyak contract basis jer.
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Thank you so much for the detailed sharing, TS notworthy.gif Am unsure my role is a permanent or contract basis since it wasn't stated in the vacancy on Petrofac's website when I submitted my application.
Had my first round IV with them and the hiring manager mentioned of candidates being interviewed are for replacement for the predecessor in the vacant role. Waiting for updates if got through for second stage of the IV.

With that being said, how would you say about jumping over to the O&G industry and joining companies like Petrofac during this kind of time, and also is it less-risky or otherwise to stay in such a company for about 3-5 years?
ZZMsia
post Apr 10 2021, 09:44 PM

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QUOTE(hfz @ Apr 10 2021, 01:44 AM)
Thank you so much for the detailed sharing, TS  notworthy.gif  Am unsure my role is a permanent or contract basis since it wasn't stated in the vacancy on Petrofac's website when I submitted my application.
Had my first round IV with them and the hiring manager mentioned of candidates being interviewed are for replacement for the predecessor in the vacant role. Waiting for updates if got through for second stage of the IV.

With that being said, how would you say about jumping over to the O&G industry and joining companies like Petrofac during this kind of time, and also is it less-risky or otherwise to stay in such a company for about 3-5 years?
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Srry may I ask, what industry are you with now?
O&G is not stable and up and down every few years.
Salary still higher than other industries.
hfz
post Apr 10 2021, 10:09 PM

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QUOTE(ZZMsia @ Apr 10 2021, 09:44 PM)
Srry may I ask, what industry are you with now?
O&G is not stable and up and down every few years.
Salary still higher than other industries.
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No worries. Am currently in banking / financial services.
xxxdhonamaria
post Apr 12 2021, 06:05 PM

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QUOTE(Stamp @ Apr 7 2021, 12:04 AM)
Engineering already began at full speed.
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Foundation study onz
contestchris
post Apr 13 2021, 08:40 PM

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https://www.theedgemarkets.com/article/sapu...-field-partners

Official now. I wonder how big would the contract sum be.
zexonsmart
post Apr 13 2021, 11:02 PM

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QUOTE(contestchris @ Apr 13 2021, 08:40 PM)
https://www.theedgemarkets.com/article/sapu...-field-partners

Official now. I wonder how big would the contract sum be.
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KUALA LUMPUR (Jan 8): Securing the Jerun central processing platform (CPP) job could boost Sapura Energy Bhd's outstanding order book of RM12.5 billion by 32%, reversing its declining sequential trend over the past two quarters, said AmInvestment Bank.

The research house’s analyst Alex Goh said today he estimated that the contract value of a CPP weighing 22,000 tonnes, plus 5,300 tonnes of piles and an 8,500-tonne compression platform, could easily be worth over US$1 billion (RM4.04 billion).
ZZMsia
post Apr 14 2021, 08:45 AM

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QUOTE(zexonsmart @ Apr 13 2021, 11:02 PM)
KUALA LUMPUR (Jan 8): Securing the Jerun central processing platform (CPP) job could boost Sapura Energy Bhd's outstanding order book of RM12.5 billion by 32%, reversing its declining sequential trend over the past two quarters, said AmInvestment Bank.

The research house’s analyst Alex Goh said today he estimated that the contract value of a CPP weighing 22,000 tonnes, plus 5,300 tonnes of piles and an 8,500-tonne compression platform, could easily be worth over US$1 billion (RM4.04 billion).
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Not true, failed analysis:

There's no compression platform. It's an engineering study and future platform. No provision required for the EPCIC/build the platform.
contestchris
post Apr 14 2021, 09:25 AM

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According to Maybank, the win is worth RM1.1bil. So little?
TSmohdyakup
post Apr 15 2021, 06:32 AM

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Maybank analysis is incorrect. The contract sum value is much more.
ayamxxx
post Apr 15 2021, 07:44 AM

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Inb4 there is rumours for allocated team for Jerun in Sapura Lumut may not get renewing their contract.

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