Roll up, roll up: OMV puts Asia Pacific upstream assets up for sale
https://www.upstreamonline.com/finance/roll...ale/2-1-1410764

Austrian energy leader OMV has put up for sale its Asia Pacific upstream assets, becoming the latest industry heavyweight to pull the plug on, or scale back, exploration and production ventures in the region.

Up for grabs are OMV’s half share in SapuraOMV Upstream — the 50:50 joint venture with Malaysia’s Sapura Energy — that holds producing gas condensate assets offshore Malaysia. The joint venture operates Block SK 310 offshore Sarawak, East Malaysia, and jointly operates nearby Block SK 408 with Shell.

SapuraOMV produced more than 30,000 barrels of oil equivalent per day in 2021 and had a stated ambition to reach a production of 100,000 boepd via organic growth and mergers and acquisitions within the next five to eight years.

The partnership also has exploration interests in Mexico, Australia and New Zealand.

OMV is also looking for a buyer for 100% of its shares in OMV New Zealand, which operates the producing Maui, Pohokura and Maari fields, while the company also has offshore exploration acreage in the country.

The Industrial Court has dismissed a constructive dismissal claim brought by an expatriate in an oil and gas company who was earning a monthly salary of about RM80,000.

Court chairman Andersen Ong said Singaporean Abdul Malek Amin failed to prove that his new position as engineering manager was a demotion from his previous position as project manager.

“The claimant has failed to discharge the burden of proof placed on him to prove that the company has committed a fundamental breach, which goes to the root of the contract,” Ong said in a 39-page award released last week.

He ruled that the employer, SapuraOMV Upstream (Sarawak) Inc, was not obliged to show that Malek had been terminated from his employment with just cause or excuse after he walked out of his job on Aug 2, 2019.

He said it is well recognised and accepted that it is the prerogative of an employer to decide how to conduct or organise its business.

“This managerial prerogative also extends to the right of the employer to decide on the choice of staff for the work,” he said.

Malek was made a permanent employee in 2018 with a basic monthly salary of RM81,469.01.

The company also paid monthly allowances and contributed to his pension payment, which totalled about RM60,000.

Malek alleged that he was demoted after the company went through a restructuring exercise.

There was a change of management in the company in early 2019 following a joint venture exercise, and Malek said his new position was of a lesser status and importance.

He also said he was hired for his expertise in project management.

Malek, who was represented by Cheah Shu Boon, KC Cheng and Prathib Patmanabon, said the company’s prerogative to transfer or redesignate its employees must be done with “a clear intent to benefit the employer by using the employee’s expertise and experience”.

T Thavalingam, who represented the company, had submitted that Malek’s redesignation was merely a lateral move and that his salary, benefits and status remained unchanged.

He also submitted that in effecting the redesignation, the company had exercised its managerial prerogative in good faith and in accordance with the terms and conditions of Malek’s employment with the company.

Thavalingam, who was assisted by Aida Yasmin Cheree Mohamad, said there was no legal requirement for the company to transfer or redesignate its employees according to their expertise and experience.

https://www.freemalaysiatoday.com/category/...ismissal-claim/

Since we were speaking about Sapura OMV, one of their former employees failed in his bid for constructive dismissal.

so rm140k per month job but the dude isnt happy.. bravo..

cos it's sinkie?

So much in the tank. Doesnt seem like any issue. Why though? Political?

Edited wrong paragrapg

This post has been edited by christ14: Jul 7 2023, 10:37 AM

Actually 80 k monthly
The severance was offered to him as part of MSS but he rejected via email

His ego hurt.

He was dismissed after refusing to accept MSS from the company?

So he wasn’t dismissed arbitrarily?

If a company offers youu an MSS, the smartest way is to accept it. Why do you want to hang on to a company who no longer wants you? Take the money and move on.

Something like this:

1. PM for Jerun (I believe during FEED /tendering phase)

2. Company restructuring

3. Moved to EM

4. Disputed move.

5. Dispute back and forth . 1-2 months prolonged

6. Company offered / he requested for MSS (Both parties have differing stories as per the court document).

7. USD123,450.44 offer by Sapura OMV

8. He rejected and claimed dismissed and walked out of employment.

This post has been edited by ZZMsia: Jul 7 2023, 10:23 PM

By an email dated 02.08.2019, the Claimant informed the Company that the MSA was not acceptable to him and he considered himself as being
constructively dismissed by the Company.

Oh! This was during Newfield? But Newfield sold of its interest in Jerun and quit Malaysia?

He was employed with the company since Newfield days. When Newfield was sold off, the existing employees taken over by Sapura and even later by Sapura + OMV.

I have corrected the initial post to reflect Sapura OMV.

Received a copy of the judgement through a contact within the organization.


This post has been edited by ZZMsia: Jul 7 2023, 10:24 PM

[ 7 ] The Company is an incorporation incorporated in Malaysia, principally involves in the business of exploration, development and production of crude oil and natural gas.
[ 8 ] The Company at its inception was known as “Newfield Sarawak Malaysia Inc. (“Newfield”). The Company was later acquired by SapuraKencana on 11.02.2014 and changed its’ name to SapuraKencana Energy Sarawak Inc.
[ 9 ] Thereafter, the Company had entered into a joint venture agreement with the OMV Group from Austria (“the OMV Group”) on 31.01.2019 and its’ name was further changed to its current name of SapuraOMV Upstream (Sarawak) Inc,
[ 10 ] The Claimant is a Singaporean. He was first employed by Newfield as Project Operations Lead (SK408) on a fixed term contract basis for one (1) year

I see.

https://www.malaymail.com/news/malaysia/202...h-rm4354m/78508

80k per month and allowance of 60k.. i assume monthly allowance. Which maybe norm.. kata 15k housing, kids private schoold education.. and others? Anyway.. quite norm for expat.

No longer in the race for our local company.
Informed by someone in the management level.

Do you know who will be in the running then ? Can you PM ?

Heard Worley is getting another Qatar Energy EPCIC project. Wonder who the main contractor is.

This post has been edited by Stamp: Jul 17 2023, 02:39 AM