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 Oil & Gas Careers V14 - Upstream & Downstream, Year 2025, Petronas ggwp? Or not? 😔

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lock_82
post Oct 29 2025, 08:44 PM

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QUOTE(CertifiedHomphobe @ Oct 29 2025, 12:52 PM)
I recently had the opportunity to chat with a BD Director from NPCC.

His punchline was that you would make more returns putting money in ASB than doing an EPCC Job nowadays. Why would you go through all the hoops and bounds for razor thin margins ?

Another thing he highlighted is that the current market is saturated not only with people under quoting price wise but also nonsensical lead times for LLIs . Apparently they lost the KSCPP project because of a certain EPCC promising they could deliver the TBMs YEARS ahead of the competition ....

Guess what? Lol

Seems like you have to lie and bullshit to get jobs nowadays
*
Got to agree, all these BD or PD or PM basically are top poker player and MLM top earner.. they will tell you anything.. to get the deal done..

lock_82
post Oct 29 2025, 08:45 PM

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Heard Petronas VSS is easily
1.5 x years of services x last drawn salary and plus another 4-6 months extra..

Hence, it went kinda quietly done..
CertifiedHomphobe
post Oct 30 2025, 09:05 PM

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QUOTE(Helpmeplis @ Oct 27 2025, 04:08 AM)
The Monsoon says Seatrium whistling.gif

you heard it here first
*
Angin sudah super kencang....

Got news next week kick off meeting L&T and MMHE .
Helpmeplis
post Oct 30 2025, 10:11 PM

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QUOTE(CertifiedHomphobe @ Oct 30 2025, 09:05 PM)
Angin sudah super kencang....

Got news next week kick off meeting L&T and MMHE .
*
Woah you are right la !! Is L&T planning to use MMHE for all 3 HVDC or only the first one. ?
CertifiedHomphobe
post Oct 30 2025, 10:53 PM

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QUOTE(Helpmeplis @ Oct 30 2025, 10:11 PM)
Woah you are right la !! Is L&T planning to use MMHE for all 3 HVDC or only the first one. ?
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First one so far.

2&3 mcm goyang
lock_82
post Oct 31 2025, 09:27 PM

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L&T power...
ZZMsia
post Nov 2 2025, 09:56 AM

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QUOTE(CertifiedHomphobe @ Oct 29 2025, 12:52 PM)
I recently had the opportunity to chat with a BD Director from NPCC.

His punchline was that you would make more returns putting money in ASB than doing an EPCC Job nowadays. Why would you go through all the hoops and bounds for razor thin margins ?

Another thing he highlighted is that the current market is saturated not only with people under quoting price wise but also nonsensical lead times for LLIs . Apparently they lost the KSCPP project because of a certain EPCC promising they could deliver the TBMs YEARS ahead of the competition ....

Guess what? Lol

Seems like you have to lie and bullshit to get jobs nowadays
*
Actually, I know about this proposal and project..this is the CCS Platform that was in 2022 proposal and awarded that year.
The Client (We all know who that is) is the one that requested a crazy schedule.

NPCC and their partner (Based in KL) submitted an attainable schedule which was not in compliance with the Client's requirement.

The rest, is history.

NewBodOnTheBlock
post Nov 4 2025, 03:19 PM

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Anyone else hearing that Petronas has finally taken FID on Kelidang project?
CertifiedHomphobe
post Nov 4 2025, 11:28 PM

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QUOTE(NewBodOnTheBlock @ Nov 4 2025, 03:19 PM)
Anyone else hearing that Petronas has finally taken FID on Kelidang project?
*
Heard the same . Finally .
CertifiedHomphobe
post Nov 4 2025, 11:28 PM

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QUOTE(NewBodOnTheBlock @ Nov 4 2025, 03:19 PM)
Anyone else hearing that Petronas has finally taken FID on Kelidang project?
*
Heard the same . Finally .
lock_82
post Nov 5 2025, 07:50 AM

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Great. Hope to see official news soon.
Rejoice for Msian, Petronas, EPC companies, subcons, suppliers, manpower and likes.
shawlife
post Nov 5 2025, 07:33 PM

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Any opportunity to join Petronas & ENI's JV company?
lock_82
post Nov 6 2025, 05:28 AM

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QUOTE(shawlife @ Nov 5 2025, 07:33 PM)
Any opportunity to join Petronas & ENI's JV company?
*
I am sure there will be. But existing asset mostly has existinf people, so opportunity should come from new development.
5 assets in Msia largely operating while 19 ones are mostly new for Indo. Hence, lower chamce for Msia vs. Indonesian since their national content requirement is more stringent. Nevertheless, if new projects, many EPCs will benefit from it as well annual $3B investment for next 5years is great.

Dont want to burst bubble but just a pragmatic guess.
CertifiedHomphobe
post Nov 6 2025, 09:48 AM

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QUOTE(lock_82 @ Nov 6 2025, 05:28 AM)
I am sure there will be.   But existing asset mostly has existinf people, so opportunity should come from new development.
5 assets in Msia largely operating while 19 ones are mostly new for Indo.  Hence, lower chamce for Msia vs. Indonesian since their national content requirement is more stringent. Nevertheless, if new projects, many EPCs will benefit from it as well annual $3B investment for next 5years is great.

Dont want to burst bubble but just a pragmatic guess.
*
Your guess is spot on ....

Just got back from regional offices . It's even worse than expected . People feel like they might lose their jobs even more ...

For instance GPSC already has legacy staff from Exxon , seems
like to be handed over to ENI . List sudah keluar.

Besides , throughout MA so many assets are now going to be COP/LLAs.

Good news is new builts are now at light speed pace to cover the deficit . But still it will take time like BIGST , MFDP , UDWs , New players etc.

Its a battle of attrition now , we are going to be at the bottom of the trough before it starts to pick up again . Sudah keluar signs .... end of the year but little to no activities for LLIs . You know I know thats the first indicator that theres nothing for next year lol.

Honestly the advice i give to my friends now is to take any job they can and hold on to dear life.

This post has been edited by CertifiedHomphobe: Nov 6 2025, 09:48 AM
lock_82
post Nov 6 2025, 06:03 PM

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QUOTE(CertifiedHomphobe @ Nov 6 2025, 09:48 AM)
Your guess is spot on ....

Just got back from regional offices . It's even worse than expected . People feel like they might lose their jobs even more ...

For instance GPSC already has legacy staff from Exxon , seems
like to be handed over to ENI . List sudah keluar.

Besides , throughout MA so many assets are now going to be COP/LLAs.

Good news is new builts are now at light speed pace to cover the deficit . But still it will take time like BIGST , MFDP , UDWs , New players etc.

Its a battle of attrition now , we are going to be at the bottom of the trough before it starts to pick up again . Sudah keluar signs .... end of the year but little to no activities for LLIs . You know I know thats the first indicator that theres nothing for next year lol.

Honestly the advice i give to my friends now is to take any job they can and hold on to dear life.
*
Heard it follows Eni operating model which is so called "lean and mean" hence, i can understand whey people felt job is insecure. Just typical cost cutting works..
What is LLI?

ZZMsia
post Nov 6 2025, 06:31 PM

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QUOTE(lock_82 @ Nov 6 2025, 06:03 PM)
Heard it follows Eni operating model which is so called "lean and mean" hence, i can understand whey people felt job is insecure.  Just typical cost cutting works..
What is LLI?
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LLI should be Long Lead Items..

ZZMsia
post Nov 6 2025, 06:31 PM

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QUOTE(ZZMsia @ Nov 6 2025, 06:31 PM)
LLI should be Long Lead Items..
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LLA Late Life Assets

lock_82
post Nov 6 2025, 08:07 PM

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QUOTE(ZZMsia @ Nov 6 2025, 06:31 PM)
LLA Late Life Assets
*
Agree.. the context of discussion cant be Long Lead Item..
Anyway.. rather quiet year indeed.
CertifiedHomphobe
post Nov 6 2025, 10:21 PM

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QUOTE(lock_82 @ Nov 6 2025, 08:07 PM)
Agree.. the context of discussion cant be Long Lead Item..
Anyway.. rather quiet year indeed.
*
context is LLI .

No LLI means significant reduction of any MRO/MMO activities or FIP + .

Ergo Super Cost Savings , reduce any scope of work or bedding to the maximum .

This post has been edited by CertifiedHomphobe: Nov 6 2025, 10:30 PM
lock_82
post Nov 7 2025, 08:40 AM

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QUOTE(CertifiedHomphobe @ Nov 6 2025, 10:21 PM)
context is LLI .

No LLI means significant reduction of any MRO/MMO activities or FIP + .

Ergo Super Cost Savings , reduce any scope of work or bedding to the maximum .
*
Too many jargons, bro. Haha
But understand, best is to hear FID of projects.. if none.. at least LLI being issued.. nevertheless, not many big FEED projects news also.. apart from Lang Lebah, Kikeh..

BIGST is still pre-FEED and many CCUS too.

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