QUOTE(NewBodOnTheBlock @ Apr 6 2021, 01:55 PM)
Seems like M finally has the LoA for the Jerun CPP...Oil & Gas Careers V12 - Upstream & Downstream, Market still slump, slow, snail pace...
Oil & Gas Careers V12 - Upstream & Downstream, Market still slump, slow, snail pace...
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Apr 6 2021, 01:56 PM
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71 posts Joined: Jul 2018 |
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Apr 6 2021, 08:19 PM
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1,553 posts Joined: May 2009 |
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Apr 6 2021, 09:07 PM
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183 posts Joined: Dec 2017 |
Is petrofac rnz getting any new project in Malaysia?
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Apr 7 2021, 12:04 AM
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4,864 posts Joined: Nov 2008 |
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Apr 7 2021, 12:05 AM
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4,864 posts Joined: Nov 2008 |
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Apr 7 2021, 08:12 AM
Show posts by this member only | IPv6 | Post
#5506
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16 posts Joined: Mar 2009 |
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Apr 7 2021, 08:23 AM
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4,864 posts Joined: Nov 2008 |
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Apr 7 2021, 09:55 AM
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3,491 posts Joined: Jan 2013 |
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Apr 7 2021, 12:51 PM
Show posts by this member only | IPv6 | Post
#5509
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16 posts Joined: Mar 2009 |
QUOTE(ZZMsia @ Apr 7 2021, 09:55 AM) How much is the contract value? bigman liked this post
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Apr 7 2021, 05:21 PM
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109 posts Joined: Jun 2016 |
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Apr 10 2021, 01:44 AM
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528 posts Joined: Nov 2008 From: Google It! |
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. Thank you so much for the detailed sharing, TS 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. 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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Apr 10 2021, 09:44 PM
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3,491 posts Joined: Jan 2013 |
QUOTE(hfz @ Apr 10 2021, 01:44 AM) Thank you so much for the detailed sharing, TS Srry may I ask, what industry are you with now? 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? O&G is not stable and up and down every few years. Salary still higher than other industries. |
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Apr 10 2021, 10:09 PM
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528 posts Joined: Nov 2008 From: Google It! |
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Apr 12 2021, 06:05 PM
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80 posts Joined: Oct 2020 |
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Apr 13 2021, 08:40 PM
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5,558 posts Joined: Aug 2011 |
https://www.theedgemarkets.com/article/sapu...-field-partners
Official now. I wonder how big would the contract sum be. |
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Apr 13 2021, 11:02 PM
Show posts by this member only | IPv6 | Post
#5516
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16 posts Joined: Mar 2009 |
QUOTE(contestchris @ Apr 13 2021, 08:40 PM) https://www.theedgemarkets.com/article/sapu...-field-partners 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.Official now. I wonder how big would the contract sum be. 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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Apr 14 2021, 08:45 AM
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Senior Member
3,491 posts Joined: Jan 2013 |
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. Not true, failed analysis: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). There's no compression platform. It's an engineering study and future platform. No provision required for the EPCIC/build the platform. |
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Apr 14 2021, 09:25 AM
Show posts by this member only | IPv6 | Post
#5518
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5,558 posts Joined: Aug 2011 |
According to Maybank, the win is worth RM1.1bil. So little?
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Apr 15 2021, 06:32 AM
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Senior Member
4,351 posts Joined: Oct 2009 From: Bintulu, Sarawak |
Maybank analysis is incorrect. The contract sum value is much more.
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Apr 15 2021, 07:44 AM
Show posts by this member only | IPv6 | Post
#5520
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Senior Member
4,054 posts Joined: Apr 2010 From: Kuala Lumpur |
Inb4 there is rumours for allocated team for Jerun in Sapura Lumut may not get renewing their contract.
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