|
Thursday, 14 November 2013
Drilling Rigs
Wednesday, 13 November 2013
ROC announces commencement of extended well test programme Balai Cluster Risk Service Contract (RSC)
Wednesday, Nov 13, 2013
The EWT commenced on 6 November 2013 and flowed for approximately 24 hours before shutting in to obtain pressure performance data. The production is from two perforated intervals in the upper reservoir sands (1,895 – 1,901m MDRT and 1,906 - 1,912m MDRT) and the initial average rate was in the range 4,000 to 4,200 bopd and the oil gravity was measured at 39 deg API.
Following a short shut in period, EWT production has recommenced and will continue for an extended period.
The EWT programme is designed to provide additional production and reservoir performance information, required from the oil fields to support the field development planning process. The EWT programme is the final operational phase in the pre development EVP gas flare after commencement of production.
Subject to commercial viability, BCP aims to submit a Field Development Plan and move towards Final Investment Decision by the end of 2013.
Shareholders of BCP are ROC (48%), Dialog Group (32%) and PETRONAS Carigali (20%).
Source: ROC
To access over 3,500 of the latest oil projects from across the world visit Projects OGP for free trial today
Tuesday, 12 November 2013
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.
Monday, 11 November 2013
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.
Sunday, 10 November 2013
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
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
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
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
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
Friday, 8 November 2013
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).
Thursday, 7 November 2013
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.
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
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
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
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
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
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
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
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
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/
Basin: Sarawak Delta
Working Interest: 85%, operated
Water Depth: 10 to 34 meters
source : http://www.murphyoilcorp.com/Global-Operations/Southeast-Asia/Malaysia/
Subscribe to:
Posts (Atom)




