Petra Energy awarded HUC job by Petronas Carigali

Petra Energy Bhd has been awarded a hook-up, commissioning, and topside job by Petronas Carigali Sdn Bhd.

Filings on Wednesday showed that the contract will be for five years effective May 21, 2013 and will expire on May 20, 2018.

The contract's value was not disclosed.

Perdana Petroleum bidding for over RM1b contracts

Perdana Petroleum Bhd is bidding for over RM1bil worth of contracts locally and expects its financial performance to improve this year.

The company also said on Tuesday it has 13 vessels and it expected the delivery of two more vessels in the next two months.

Going forward, the company expects an improved financial performance this year.

In its first quarter ended March 31, 2013, it posted net profit of RM11.09mil compared with net loss of RM8.18mil a year ago.

Dayang bags RM2bil contract from Shell

Dayang Enterprise Holdings Bhd has secured a RM2bil contract to provide hook-up, commissioning and topside services to Sabah and Sarawak Shell units.

Dayang said on Tuesday its unit Dayang Enterprise Sdn Bhd had received the letter from Sarawak Shell Bhd and Sabah Shell Petroleum Company Ltd on May 13.

The contract is for five years with an extension option of one year.

Dayang said the contract was expected to contribute positively to the earnings and net assets per share of the group.

PETRONAS beli dua blok minyak Brazil RM2.6

PETRONAS terus mengukuhkan kedudukan sebagai antara syarikat minyak dan gas terkemuka dunia apabila membeli dua blok minyak di Brazil membabitkan pelaburan AS$850 juta (RM2.6 bilion). 

Pembelian berkenaan juga menandakan penyertaan sulung syarikat minyak dan gas kebangsaan itu dalam aktiviti penerokaan dan pengeluaran minyak di negara yang memiliki antara rizab hidrokarbon terbesar di dunia itu. 
PETRONAS, menerusi anak syarikatnya, PETRONAS Brasil E&P Limitada semalam mengumumkan membeli 40 peratus kepentingan dalam dua blok lapangan minyak luar pesisir di Campos Basin, yang dikenali sebagai Blok BM-C-39 dan BM-C-40. 


Paling prolifik 

Ia dibelinya daripada OGX Petroleo e Gas SA's (OGX), iaitu syarikat pengeluar minyak persendirian yang dikuasai jutawan Brazil, Eike Batista. 

Dua blok berkenaan yang terletak kira-kira 95 kilometer di luar pantai Rio de Janeirodi adalah antara medan pengeluaran utama dalam lapangan pembangunan minyak Tubarao Martelo, iaitu kawasan pengeluaran minyak paling prolifik di Brazil. 

Tubarao Martelo yang bermakna Jerung Tukul atau Hammerhead shark dalam bahasa Portugis, iaitu jenis jerung yang dikategorikan sebagai paling bahaya kepada manusia, dijangka mula mengeluarkan minyak mentah menjelang akhir tahun ini. 

“Brazil dianggap sebagai antara pemilik rizab hidrokarbon utama dunia dengan rizab minyak 
berjumlah kira-kira 145 bilion tong. 

“PETRONAS melihat pengambilalihan itu sebagai satu peluang yang sangat menarik dari segi kualiti aset dan untuk pertumbuhan masa depan strategik di Brazil,” kata syarikat minyak dan kebangsaan itu dalam kenyataannya. 

Katanya, urus niaga pengambilalihan pegangan ekuiti OGX itu bakal dimuktamadkan sebaik memperoleh kelulusan agensi kawal selia berkaitan. 


Pertumbuhan strategik 

Bank of America Merill Lynch dilantik sebagai penasihat kewangan eksklusif manakala Mattos Filho, Viega Filho, Marrey Jr. e Quiroga Advogados ialah penasihat undang-undang PETRONAS bagi urus niaga itu. 

Pembelian ekuiti OGX dalam dua blok minyak itu juga adalah janji niaga terbesar kedua yang dibuat syarikat minyak dan gas kebangsaan itu dalam tempoh dua tahun ini. 

Tahun lalu, PETRONAS mengumumkan pengambilalihan Progress Energy Resources Corp dari Kanada dengan nilai RM15.8 bilion. 

Pengambilalihan itu, selain akan menyediakan PETRONAS dengan sumber gas strategik jangka panjang di kawasan stabil dari segi geopolitik, turut mengukuhkan kedudukan PETRONAS sebagai peserta LNG global utama. 

PETRONAS memulakan aktiviti pengambilalihan aset tenaga di luar negara seawal 1990-an, kebanyakannya membabitkan negara membangun. 

Sehingga kini, ia telah mengumpulkan kepentingan hidrokarbon di lebih daripada 22 buah negara merangkumi Asia Tenggara, Asia Barat, Asia Tengah, Amerika Latin dan Afrika, yang menghasilkan jumlah kira-kira satu perempat daripada keseluruhan rizab gas minyaknya.

Petronas acquires OGX Brazilian offshore blocks for US$850m

Malaysian state oil firm Petroliam Nasional Bhd agreed today to pay US$850 million (RM2.53 billion) for a 40 per cent stake in a Brazilian offshore oil field controlled by Brazil’s OGX Petroleo e Gas SA.

“Petronas views the acquisition as a highly attractive opportunity in terms of asset quality and for strategic quality growth in Brazil,” it said in a press statement.

The move will be Petronas’ first foray into Brazil’s oil exploration and production industry — one of the world’s largest.

In addition to the purchase, a unit of the Malaysian company has qualified to bid for exploration blocks at an auction in Brazil May 14 and 15, the first such sale in four years. — Reuters 

Cendor to be Malaysia's major oilfield

Petroliam Nasional Bhd (Petronas) has converted the Cendor oilfield offshore Peninsular Malaysia from a marginal field into one of the country's biggest oilfields, with estimated recoverable reserves of over 200 million stock tank barrels (MMstb), more than 16 times what was first discovered.

It announced yesterday the successful drilling of Cendor Graben-2 appraisal well within Block PM304 offshore Peninsular Malaysia.

The well was drilled to a depth of over 1,000 m and confirmed the presence of oil and some gas-bearing reservoirs.

Drilling was undertaken by Petrofac (Malaysia PM304) Ltd, the operator for Block PM304, and its joint-venture partners Petronas Carigali Sdn Bhd, Kuwait Foreign Petroleum Exploration Company and PetroVietnam Exploration Production Corp Ltd.

The Cendor field was first discovered by Amerada Hess in 2001.

However, the discovery was initially regarded as marginal with estimated recoverable resources of 12 MMstb of oil and deemed too risky and uneconomical for development. In May 2004, Petrofac acquired Amerada Hess' interest and assumed operatorship of Block PM304.

“Driven by Petronas' strategy to grow resources, production and value, aggressive appraisal and development campaign was undertaken which led to the monetisation of this once marginal field.

“Cendor was developed using a leased mobile operating production unit (Mopu) and first oil was achieved in September 2006. This was the first application of Mopu in Malaysia and considered a novel development solution then,” Petronas said.

It added that the Cendor field had performed “above expectation” since first oil production, which helped spur further activities within the field and surrounding areas of Block PM304, culminating in the Phase Two development of Cendor.

“These other developments in PM304, through fast-tracked efforts in the past two years, are expected to commence production in stages throughout 2013, which will propel production to approximately 30,000 barrels per day by end of the year.

“Resource growths are also seen in other oil and gas fields in Malaysia, such as the fields in the Berantai and Balai risk service contracts (RSC). The Berantai field, which commenced production in 2012, achieved an increase in estimated recoverable gas resources by 15% compared to 2011, as a result of development efforts.

“The pre-development work of Balai Cluster has also given early indication of increase in resources estimates,” the state energy company said.

As project owner, Petronas is entitled to 100% entitlement of the production from the Berantai and Balai RSCs.