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Petronas News

Mauritania disappoints for Tullow

Apr 25, 2014

Tullow Oil's Tapendar-1 exploration well in the C-10 license, offshore Mauritania, has not encountered hydrocarbons and the well is being plugged and abandoned. Tapendar-1 is the second exploration well in Tullow鈥檚 Mauritania exploration campaign鈥

Shell discovers DW gas off Sarawak

Apr 17, 2014

Shell announced a deepwater natural gas discovery off Malaysia. The successful Rosmari-1 well is 135km off the coast of Sarawak, in the South China Sea (Block SK-318). It was drilled to a total depth of 2123m and encountered a gas column of more than 450m鈥

Malaysia find for Shell/Petronas

Mar 19, 2014

PETRONAS and Shell have made an oil discovery offshore Sabah, Malaysia. The discovery was made via the Limbayong-2 well during the appraisal of the Limbayong gas field by Shell. The appraisal well encountered 136 metres of oil bearing sands鈥

Roc Oil farms in to Malaysian PSC

Apr 01, 2014

Roc Oil Ltd. has farmed in to a production sharing contract (PSC) in three fields about 50m off Malaysia. The D35, D21 and J4 fields are 100% owned and operated by Malaysia鈥檚 Petronas Carigali, with Roc Oil holding 50% participating interest鈥

Petronas decides on FLNG2 project

Feb 13, 2014

Petronas has reached the final investment decision(FID) for its second FLNG facility project, off the coast of Sabah in Malaysia. The FID was approved by the Petronas board on 23 Jan 2014. Subsequently, Petronas has issued a letter of award for the engineering procurement鈥

Petronas awards $70m OBC contract

Feb 03, 2014

Fugro and CGG's joint venture business Seabed Geosolutions has won a US$70 million contract to carry out a major ocean bottom cable (OBC) contract for PETRONAS Carigali in Malaysia on the Temana and D18 fields. The project will start at the end of Q1 2014鈥

Petronas awards integrated contracts

Dec 13, 2013

Petroliam Nasional Berhad (PETRONAS) has announced a new gas discovery offshore Malaysia and the award of a three year integrated offshore installation contract. Operator on Block SK320, Mubadala Petroleum, discovered gas in the Sintok-1 well鈥

Contract Briefs: January 2014

Jan 16, 2014

Petronas awards integrated contracts Petroliam Nasional Berhad (PETRONAS) has announced a new gas discovery offshore Malaysia and the award of a three-year integrated offshore installation contract. PETRONAS awarded its Pan Malaysia Integrated鈥

Douglas-Westwood looks at FLNG market

Jan 08, 2014

The floating LNG (FLNG) market is poised for increased investment and activity from 2014 to 2020, with Douglas-Westwood forecasting total expenditure of US$64.4 billion in its new market report. Two-thirds of this spend is attributed to liquefaction infrastructure鈥

Petronas awards contract offshore Sarawak

Oct 12, 2013

On 27 Sept 2013, Malaysia's Petroliam Nasional Berhad (Petronas) announced the award of a new Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) contract to a joint venture between France's Technip and Malaysia Marine and Heavy Engineering Sdn Bhd鈥

SE Asia comes to LAGCOE

Nov 11, 2013

Laissez les bons temps rouler. Deep in the heart of Louisiana oil country, US representatives from two Asian trade organizations made the case for local investment at the 2013 Louisiana Gulf Coast Oil Exposition (LAGCOE), held in Lafayette鈥

Petronas greenlights Lundin's Bertam field development plan

Oct 10, 2013

Lundin Petroleum subsidiary Lundin Malaysia won the approval of its Bertam field development plan from Malaysia's Petronas. The Bertam field marked Lundin鈥檚 first development project in the country. Bertam, located about 100 mi offshore Peninsular Malaysia in PM 307鈥

Global Briefs: November 2013

Nov 07, 2013

Transboundary may head to committee The US Senate bill ratifying the US-Mexico Transboundary Hydrocarbon Agreement, S. 812, is reportedly on its way to a conference committee. The Senate鈥檚 version of the bill, passed last month (October)鈥

Drilling and investment in Southeast Asia

Nov 01, 2013

Two countries 鈥 Malaysia and Indonesia鈥 hold nearly two-thirds of the region鈥檚 reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems 云顶赌场老虎机 Asia Oil & Gas Market Report to 2017鈥

Newfield sells offshore Malaysian assets

Oct 23, 2013

Newfield Exploration Co., based in The Woodlands, Texas, today announced the signing of a share purchase agreement to sell all of its equity interests in Newfield Malaysia Holdings to SapuraKencana Petroleum Berhad for a total cash consideration of US$898 million鈥

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