Talisman Malaysia

Talisman holds a 41% operated interest in Block PM-3 CAA PSC between Malaysia and Vietnam and associated production facilities. In addition, Talisman holds a 33% interest in Block 46-Cai Nuoc adjacent to PM-3 CAA and a 60% interest in each of Block PM-305 and Block PM-314. In Block PM-3 CAA, Talisman is operating facilities referred to as the ‘‘Southern Fields’’ and the ‘‘Northern Fields.’’ The Kekwa sub block in PM-3 CAA expiry date has been extended nine months to April 2013. Negotiations to further extend the Kekwa sub block as well as the balance of Block PM-3 CAA, which expires in 2017, are ongoing.

Talisman also holds a 70% working interest in exploration licences for SB-309 and SB-310, acreages offshore Sabah in east Malaysia. In 2012 Talisman was awarded a 60% equity interest and operatorship of the Kinabalu Oil PSC, which is a mature oilfield in the offshore Malaysian Sabah Basin. Operatorship of this PSC became effective in December 2012 and has the potential for significant liquids growth as well as providing tieback synergies with potential discoveries in the existing Talisman Sabah exploration licences.

In 2012, production in Malaysia averaged 36.8 mboe/d, which accounted for approximately 29% of Talisman’s total Southeast Asia production. Six development wells were drilled in Malaysia in 2012, one of which was a water injector.

Optimization initiatives at PM-3 CAA to maximize gas production and meet strong regional demand have resulted in an increase of 8% in gas production over the previous year and the highest production levels since 2004.  In 2013, Talisman plans to drill several development wells in Kinabalu and the PM-3 CAA Southern fields.

Malaysia - Exploration

In 2012, Talisman acquired 3D seismic data over the SB310 Block offshore Sabah.

In 2013, Talisman is planning to drill two offshore exploration wells in Sabah Blocks SB309 and SB310.

Source : http://www.talisman-energy.com/operations/asia-pacific/malaysia.html

TOTAL ACQUIRES INTEREST IN A DEEP OFFSHORE EXPLORATION BLOCK

November 19, 2010: Total announces that it has signed an agreement with the national oil company Petronas to acquire a 85% interest in the Block SK317B, offshore Malaysia. Under the terms of the agreement, Total will operate the Block alongside its partner Petronas Carigali holding the remaining 15% interest. 

The Block SK317B is located around 100 kilometres offshore Sarawak, in water depths ranging from 200 to 1,000 metres. It covers an area of more than 700 square kilometres. The work commitments during the exploration period encompass seismic data acquisition and deep offshore exploration drilling, an area in which Total enjoys a recognized expertise.

“This acquisition reflects Total’s strategy to expand its exploration acreages in new areas or on new themes while developing its partnerships with national oil companies such as Petronas”, stated Jean-Marie Guillermou, Senior Vice President Asia-Pacific at Total Exploration & Production.

Total E&P Malaysia

Total is already present in Malaysia with a 70% interest together with Petronas Carigali (30%) in a Production Sharing Agreement signed in 2008 which covers the Block PM303 and PM324, located offshore Peninsular Malaysia. Total operates these two blocks where a seismic campaign was shot in 2009 and where a high-pressure/high temperature exploration drilling campaign will start in 2011.

Total Exploration & Production in Asia-Pacific

Total’s share of production in the Asia-Pacific region averaged 250,000 barrels of oil equivalent per day in 2009, accounting for 11% of the Group’s total output and more than 50% of its liquefied natural gas (LNG) output. Its biggest presence is in Indonesia, where Total has operated the Mahakam Block since 1970 and is one of the country’s leading producers of natural gas. The Group also produces gas in Thailand, Myanmar and the Sultanate of Brunei.

Total diversified its exploration assets with the acquisition of interests in Australia, Cambodia, Malaysia and Vietnam. In addition, it has a 24% interest in Ichthys LNG project in Australia, in partnership with INPEX and it recently acquired a 20% interest in GLNG project in partnership with Santos and Petronas. In China Total has signed a production sharing contract with China National Petroleum Corporation to study the natural gas resources of the South Sulige Block.

Source : http://total.com/en/media/news/press-releases/20101119-malaysia-total-acquires-interest-deep-offshore-exploration-block

Coastal Group secured vessel sales worth RM318 million

Tuesday, Oct 22, 2013

Coastal Contracts Bhd ("Coastal" or "Company", and together with its subsidiaries "Coastal Group" or "Group") today announced that its

wholly-owned subsidiaries, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd have collectively secured contracts for the sales of six units Offshore Support Vessels ("OSV"), which comprise one unit Subsea Support Maintenance Vessel ("SSMV"), one unit Platform Supply Vessel ("PSV") and four units Anchor Handling Tug Supply ("AHTS") for

an aggregate value of approximately RM318 million.

Apart from the one unit PSV and two units AHTS which were sold to a repeat customer, the rest of the vessels were sold to new customers. Clinching of these new contracts has further strengthened the Group’s already sizeable order book, which provides greater earnings

visibility for the Group.

All of these vessels are expected to be delivered in 2013 and 2014. Consequently, the revenue stream from these vessels is expected to contribute positively to the top and bottom line performance of the Group for the financial years ending 31 December 2013 and 31 December 2014. As of to date, Coastal Group has approximately RM1.28 billion worth of

vessel sales orders awaiting delivery to customers up to 2014.

Mr Ng Chin Heng, the Executive Chairman of Coastal, commented:

"I am pleased to announce that Coastal Group has secured another major win of vessel sales orders with an aggregate value of approximately RM318 million. Following our order book intakes in April, July and August this year, this is our fourth major win in FY2013. As of to date, the cumulative vessel sales orders secured in FY2013 alone amounted to approximately RM1.35 billion, which is approximately two times of the Group’s total vessel sales orders secured in FY2012 which amounted

RM698 million. This is a strong indicator for the Group’s rebound momentum, which is benefiting from the currently booming oil and gas sector.

Our order inflow looks favourable. Including these new contract wins, Coastal Group’s vessel sales orders as at to date stands at approximately RM1.28 billion. With current highly buoyant offshore market, we believe the Group would be able to capitalise more opportunities moving forward. Anchored on the buoyant oil and gas upstream sector globally with increasing offshore exploration and production activities, we are upbeat with the prospect of OSV market over the medium to long term, especially for more sophisticated and deepwater-capable OSV."

Source: http://www.coastalcontracts.com

Kebabangan Gas Field, Malaysia

The Kebabangan gas field is located in the South China Sea, 130km offshore Sabah, East Malaysia. It is part of the Kebabangan Cluster, which contains two more fields Kamunsu East and Kamunsu East Upthrown Canyon. The water depth at the cluster ranges from 100m to 400m.

The cluster is owned by Petronas Carigali (40%), ConocoPhillips (30%) and Shell (30%). The three co-owners signed the development and production sharing contract for the cluster in 2007.  A joint-venture called Kebabangan Petroleum Operating Company (KPOC) was set up to act as the cluster operator.

A project named The Kebabangan Northern Hub Project was undertaken to develop the three fields in the cluster. The project began with the development of the Kebabangan field and is currently in the detailed design phase. Production is scheduled to begin in 2014.

The Kebabangan field is estimated to contain approximately two trillion cubic feet (tcf) of gas.  The field will be tied back to an integrated platform that will be designed to serve the entire cluster. The development will involve drilling of 12 subsea production wells and construction of a drilling cum production platform. The drilling will be carried out in two phases. The Kebabangan platform will be a floating platform with the capacity to handle 825 million cubic feet of gas (mcf) and 22,000 barrels of condensate per day. It will be installed in a water depth of 142m (466ft). The topsides will be installed onto a fixed eight-leg steel jacket in place weighing 12,300t. The deck will weigh 17,000t and feature a Tender Assisted Drilling (TAD) rig, utilities and living quarters for people working onboard.

The Malaikai deep water field operated by Shell is planned to be tied to the platform once the Kebabangan field enters production stage. The platform is being designed with surplus capacity so that third party fields can also be tied in future. The Kebabangan field will produce 130 to 140 million barrels of oil equivalent per day (MBOED) at peak.

The produced gas will reach the platform, from where it will be transferred by a pipeline to the Sabah Oil and Gas terminal being built by Petronas at Kimanis. The terminal is located approximately 135km away from the field. A subsea pipeline of 24in diameter and 135km length is proposed to be laid to carry the gas from the platform to the terminal at Sabah. Another pipeline of 14in diameter will be laid to carry the oil produced at the platform.

The produced gas will first reach the SOGT from where it will be sent to the Petronas LNG complex at Bintulu through a 500km pipeline for processing. The front end engineering and design (FEED) contract of the project was awarded to Aker Solutions. The four-year contract is valued at Nkr170m (approximately $30m).

Source : http://www.offshore-technology.com/projects/kebabangan-field/

Murphy Oil Malaysia

Murphy entered Malaysia since 1999 , it is a core asset base producing more than 45% of our total 2012 net production. Murphy hold majority interests in five separate production sharing contracts (PSCs): Block K, Block H, SK 309, SK 311 and SK 314A, and three gas holding agreements in PM 311. In 2012, our Malaysia net production was about 89,000 boepd, and we booked total proved reserves 95.7 MMBO and 357.6 BCF.

The Kikeh field, the first deepwater development in Malaysia, has been in production since 2007.

Location: Block K, deepwater offshore Sabah
Basin: Sabah Delta
Working Interest: 80%, operated
Water Depth: 1,330 meters
Discovery Date: 2002
First Production Date: 2007
Products: Oil & Gas
Facility: FPSO with 120,000 bopd capacity

The Kakap field is unitized with the Gumusut field. The field has been in production since 2012 via interim tie-back to the Kikeh production facility. The primary production facility is expected to come on-stream at year end 2013.

Location: Block K, deepwater offshore Sabah
Basin: Sabah Delta
Working Interest: 14% of unitized field, non-operated
Water Depth: 1,220 meters
Discovery Date: 2004
First Production Date: 2012/ 2013
Product: Oil
Facility: FPS with 150,000 bopd capacity

The Siakap North field is unitized with the Petai field. First production is expected in 2013.

Location: Block K, deepwater offshore Sabah
Basin: Sabah Delta
Working Interest: 32% of unitized field, operated
Water Depth: 1,400 meters
Discovery Date: 2009
First Production Date: 2013
Product: Oil
Facility: Tie-back to Kikeh

The West Patricia field was Murphy’s first development in Malaysia and first production was in 2003. 

Location: Block SK 309, shallow water offshore Sarawak
Basin: Sarawak Delta
Working Interest: 85%, operated
Water Depth: 40 meters
Discovery Date: 1962
First Production Date: 2003
Product: Oil
Facility: FSO with 700,000 bo capacity, storage and offloading

The Sarawak Gas Project is multi-phase development for several natural gas discoveries in blocks SK309 and SK311, and started producing in 2009. Murphy provides gas to the Malaysia LNG complex via our gas sales contract with PETRONAS, the Malaysian state-owned oil company, for gross sales volumes up to 250 mmcfd.

Location: Block SK 309 & SK311, shallow water offshore Sarawak
Basin: Sarawak Delta
Fields: Golok, Merapuh, Serampang, Belum & Pemanis
Gas Holdings: Wangsa, Tiram, Mahkota, Sapih, Kerambit and East Patricia
Working Interest: 85%, operated
Water Depth: 34 to 40 meters
First Production Date: 2009
Products: Gas & Condensate
Facility: Gas sales via pipeline to shore; condensate to the West Patricia FSO

The Sarawak Oil Project comprises several oil discoveries in SK309 and SK311, and production scheduled to start up in the second half of 2013 through a series of new offshore platforms and pipelines tying back to West Patricia infrastructure. 

Location: Block SK309 & SK311, shallow water offshore Sarawak
Basin: Sarawak Delta
Fields: Patricia, Permas, Serendah & South Acis
Working Interest: 85%, operated
Water Depth: 32 to 48 meters
Discovery Date: 2005
First Production Date: 2013
Products: Oil & Gas
Facility: Tie-back to West Patricia FSO; gas sales via pipeline to shore

Since the Rotan discovery in 2007, we have several other natural gas discoveries nearby. Together with PETRONAS, we are evaluating a Floating LNG development to access these discoveries.

Location: Block H, deepwater offshore Sabah
Basin: Sabah Delta
Working Interest: 60% to 80%, operated
Water Depth: 1,128 meters (Rotan)
Discovery Date: 2007
First Production Date: 2017
Products: Gas
Facility: PETRONAS Floating LNG

These discoveries are currently held under gas holding agreements, and development options are being studied.

Location: Block PM311, shallow water offshore Peninsular Malaysia
Basin: Malay
Working Interest: 75%, operated
Water Depth: 74 meters
Discovery Date: September 2004

Murphy recently awarded this block in 2013, and it is adjacent to our other blocks in Sarawak.

Location: Shallow water offshore Sarawak
Basin: Sarawak Delta
Working Interest: 85%, operated
Water Depth: 10 to 34 meters

source : http://www.murphyoilcorp.com/Global-Operations/Southeast-Asia/Malaysia/

Sapura Kencana buying Newfield's Malaysian oil and gas assets

KUALA LUMPUR | Tue Oct 22, 2013 : By 0107 GMT, SapuraKencana shares were up 5.4 percent at 4.30 ringgit per share, outperforming the broader market's .KLSE 0.2 percent rise, as investors cheered the company's maiden expansion into the business of owning and operating fields.

"In essence we are acquiring a proven oil and gas operator with a balanced portfolio of producing and discovered fields and exploration assets in peninsula Malaysia and Sabah and Sarawak," SapuraKencana CEO, Shahril Shamsuddin, said in a statement.

The sale signals an aggressive diversification strategy, making the firm Malaysia's fourth-largest producer after oil majors like Shell (RDSa.L) and Exxon-Mobil (XOM.N).

"As a field owner and operator, this business will require different set of operating principles and as such we will manage this new business division separately as an independent subsidiary," he said.

SapuraKencana will hold interests in nine production-sharing blocks offshore Malaysia, giving the company an opportunity to learn the business and look at ways to boost the productivity of the fields - some of which are in natural decline.

The deal is subject to approval from state oil firm and industry regulator Petronas PETR.UL, which is in charge of awarding all production-sharing blocks in the country and has been tasked with boosting the production of marginal and depleted fields.

Baker Hughes awarded long-term contract with PETRONAS Carigali

Thursday, Oct 24, 2013 Baker Hughes Incorporated (NYSE: BHI) today announced that PETRONAS Carigali Sdn. Bhd. (PCSB) has entered into a long-term Oilfield Service Agreement (OFSA) with Baker Hughes to enhance the recoverable reserves and production of hydrocarbons in the Greater D18 fields, offshore Malaysia.

The 23-year agreement is the result of a collaborative, 2 1/2-year field development study, leveraging Baker Hughes' reservoir evaluation capabilities to analyze the geology and reservoir attributes of the mature and compartmentalized D18 field. Challenged with production declines, Baker Hughessuccessfully deployed two integrated production enhancement programs to revitalize production in target wells. Through further analysis, technical experts developed a comprehensive field development plan with fit-for-purpose technology solutions.

"We have utilized our best people to come up with solutions which are going to help PETRONAS Carigali Sdn. Bhd. [PCSB] achieve their goals of increased oil recovery from mature fields. The partnership between PCSB and Baker Hughes on this project represents a significant milestone in expanding our offering with reservoir development in addition to our traditional products and services portfolio," says Zvonimir Djerfi, President of Asia Pacific Region for Baker Hughes.

With the challenges surrounding this marginal, complex reservoir, Baker Hughes'field management strategy combines technical expertise and integrated solutions to enhance existing production by identifying new targets and efficiently constructing new wells to maximize production throughout the entire life cycle of the field.

Baker Hughes will participate in the redevelopment cost for the Greater D18 field in return for remuneration from the incremental production. The collaborative arrangement will extend the life of Greater D18 and will help sustain the area's economic strength. The company has successfully implemented a similar modeling strategy in other areas, including Asia Pacific, Mexico and the United States.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 60,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes' century-long history, visit: www.bakerhughes.com.

Source: Baker Hughes