National oil and gas corporation Petronas' proposed RM10bil liquefied natural gas (LNG) processing module, at the Petronas LNG Complex in Bintulu, will produce an additional 3.6 million tonnes of LNG per annum.
Petronas Carigali Sarawak operation head Mohd Nazori Janor said the company was aggressively pursuing the Floating LNG Project, known as Petronas LNG Train 9, offshore Sarawak.
“Petronas will spend about RM300bil over five years (2012-2017) on enhanced oil recovery as well as brown, small and marginal field development in Malaysia to sustain production level and increase resource base and generate jobs and business opportunities in the oil and gas sector,” he said in a statement.
Upon completion, the Train 9 project will include gas receiving facilities, acid gas removal unit, dehydration and mercury removal unit, fractionation and liquefaction unit, LNG rundown unit and all the associated utilities and facilities.
The project is targeted to meet its final investment decision by the first quarter of next year with start-up targeted for the fourth quarter of 2015.
At present, the Petronas LNG Complex, which receives its gas supply from upstream facilities offshore Sarawak, has an existing capacity to produce 24 tonnes of LNG per annum.
Apart from Petronas' presence in Sarawak, including the success in doing business that was built upon its solid reputation, Mohd Nazori said its presence would grow even more rapidly in the coming years with the development of the RM60bil Refinery and Petrochemical Integrated Development project in Johor.“Petronas is also paying high gas subsidies to help fuel industrial growth in Malaysia,” he said, adding that gas subsidy to be borne by Petronas this year was expected to increase to RM28bil from RM23.7bil last year. - Bernama
Johor menyasarkan kemampuan penyimpanan minyaknya akan mencecah 10 juta meter padu antara 2017-2020 bagi membolehkannya muncul sebagai hab penyimpanan minyak Asia yang baharu, kata Johor Petroleum Development Corporation Berhad (JPDC).
Ketua Eksekutifnya, Mohd Yazid Jaafar berkata kemampuan penyimpanan minyak sebanyak 10 juta meter padu itu akan datang dari kompleks-kompleks yang terdapat di Pengerang, Tanjung Bin dan Tanjung Langsat.
"Kita merancang untuk mencapai matlamat itu (10 juta meter padu) itu secara berfasa antara 2017-2020," katanya kepada Bernama di sini baru-baru ini.
JPDC merupakan sebuah agensi kerajaan pusat, yang baharu sahaja ditubuhkan bagi menyelaras pembangunan sektor minyak dan gas di Johor, terutamanya di dalam industri hiliran seperti penapisan dan penyimpanan minyak serta petrokimia.
Menteri Di Jabatan Perdana Menteri Datuk Seri Idris Jala dan Menteri Besar Johor Datuk Abdul Ghani Othman, merupakan pengerusi bersama JPDC.
Menurut Mohd Yazid, mengikut perancangan Pengerang bakal mempunyai kemampuan penyimpanan minyak sebanyak 5.0 juta meter, manakala Tanjung Bin pula 3.0 juta meter padu dan 2.0 juta meter padu pula di Tanjung Langsat.
Pada masa ini, kemampuan penyimpanan minyak di Tanjung Langsat adalah 650,000 meter padu manakala di Tanjung Bin pula mencecah 840,000 meter padu, katanya.
Di Pengerang, syarikat Dialog dengan kerjasama Royal Vopak NV dan kerajaan negeri sedang membina kemudahan Terminal Petroleum Air Dalam Bebas (IDPT) bernilai RM5 bilion yang dijangka siap sepenuhnya pada 2014.
Fasa pertama projek itu termasuk membina kemudahan penyimpanan minyak bagi 1.3 juta meter padu, bernilai RM1.9 bilion, akan siap pada tahun depan.
Jika dibesarkan lagi, kemudahan itu mampu menampung tambahan lebih 1.0 juta meter padu minyak.
Baru-baru ini, Johor Port memberitahu Bernama bahawa ia sedang dalam peringkat akhir rundingan dengan tiga pelabur tentang pelaburan bernilai RM2 bilion di dalam operasi penyimpanan minyak di Pusat Maritim dan Petrokimia Tanjung Bin (TBPMC).
TBPMC dibangunkan oleh Seaport Worldwide Sdn Bhd, sebuah anak syarikat penuh Johor Port.
Menurut Mohd Yazid, pihaknya juga menyasarkan perolehan simpanan antara 0.8 hingga 1.2 juta meter padu perolehan tangki sebulan sebagaimana tahap industri yang diamalkan di negara jiran, Singapura.
"Ia bermakna di dalam setahun, di antara 100 juta hingga 140 juta meter padu minyak keluar masuk tangki-tangki terbabit," katanya.
Pada ketika ini, kemampuan penyimpanan minyak bebas di Singapura adalah kira-kira 10 juta meter padu, manakala di Amsterdam-RotterdamAmtwerp (ARA) mencecah di antara 40-45 juta meter padu.
-- BERNAMA
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Terminal Regasifikasi Gas Asli Cecair (LNG) di Sungai Udang, Melaka dijangka beroperasi secara komersial menjelang Oktober ini.
Menteri Di Jabatan Perdana Menteri, Datuk Seri Idris Jala berkata, dengan adanya terminal tersebut dan ditambah dengan beberapa projek lain, Malaysia sudah bersedia untuk menjadi hab minyak dan gas di Asia.
" Ini sejajar dengan hasrat kerajaan yang dinyatakan menerusi Program Transformasi Ekonomi (ETP)," katanya semasa sidang akhbar selepas merasmikan Persidangan dan Pameran Perkhidmatan Minyak dan Gas Malaysia (MOGSEC) di sini hari ini.
Kemudahan memproses gas milik Petronas Gas Bhd. itu membabitkan pembinaan kemudahan regasifikasi, unit penyimpanan terapung dan saluran paip dasar laut dengan kapasiti penghantaran maksimum gas sebanyak 3.8 juta tan setahun.
Regasifikasi adalah proses penyejatan untuk menukar LNG kembali ke dalam bentuk gas yang membolehkan ia diangkut ke terminal pengedaran.
Dalam pada itu, Idris yang juga Ketua Pegawai Eksekutif Unit Pengurusan Prestasi dan Pelaksanaan (Pemandu) berkata, MOGSEC dijangka mampu menarik kira-kira 10,000 pembeli perdagangan dari industri tersebut.
Tambahnya, industri minyak dan gas merupakan pemangkin kepada ekonomi negara dan menjadi penyumbang utama kepada pendapatan Malaysia.
Seramai 289 peserta pameran yang terdiri daripada penyedia perkhidmatan dan produk berkaitan minyak dan gas menghadiri MOGSEC yang berlangsung selama tiga hari.
Antara pemain industri yang terlibat adalah Petronas, MMC Oil & Gas, Muhibbah Engineering, SapuraKencana Petroleum, Schlumberger WTA, Technip, UMW Oil & Gas serta Wasco.
Indonesia’s state run oil and gas company Pertamina is in talks to raise the price it receives for natural gas from a block in Malaysia.
The Jakarta Post reported that Pertamina had entered talks with Malaysia’s Petronas and PetroVietnam Exploration & Production (PVEP) after it realised the SK 305 Block contained natural gas that it believed it could not sell for a good price.
The newspaper quoted the president director of Pertamina subsidiary Pertamina Hulu Energi, Salis S Aprilian as saying that Pertamina and PVEP agreed to negotiate a gas price that was more economic and competitive.
According to Salis, Pertamina sells its natural gas to Petronas for $1 per million British thermal units, while he stated the average sale price in Malaysia was between $5 and $6 per mmBtu.
“We expect to raise it to around $3.80 to $5 per mmBtu. I guess we would not raise it over $6,” the Jakarta Post quoted Salis as saying.
Negotiations are expected to be completed later this month.
Output at Block SK 305 currently averages about 22 million standard cubic feet of gas per day and 2000 barrels of oil per day.
Pertamina holds a 30% share in the block, while Petronas owns 40% and PVEP holds the remaining 30% share.
Sweden’s Lundin Petroleum has spudded an exploration probe aiming to tap potential west of its Janglau oil find off the east coast of peninsular Malaysia.
Seadrill's West Courageous rig is to drill the Merawan Batu 1 well at block PM308B to a depth of 3584 metres in around 60 metres water depth.
The well will target hydrocarbons in Oligocene aged sands in a faulted anticline in an undrilled area 50 kilometres west of 2011’s Janglau discovery by the Swedish independent in PM308A.
Lundin Petroleum holds a 75% stake in the Penyu basin block with Petronas on 25%.
The same rig discovered gas last week elsewhere offshore Malaysia with the Berangan 1 well, the third find within two years at the SB303 block.
ANCHORAGE, Alaska (AP) — Shell Oil Co. is limiting Arctic offshore drilling off Alaska in 2012 to preparation work after suffering several setbacks, but company President Marvin Odum said Monday that remains a significant accomplishment.
Royal Dutch Shell PLC announced earlier in the day that a containment dome required to be in place before drills can enter oil-bearing rock in the Chukchi and Beaufort seas was damaged Saturday during testing off Bellingham, Wash.
Environmental groups quickly blasted the company, saying the latest setback and others are evidence the oil industry cannot safely drill in the Arctic.
Odum told The Associated Press that although the company no longer plans to try to drill deep enough to reach oil this year, the company has made great strides with its exploratory wells off the Alaska coast.
"That drilling is going to be limited to top holes, but that is a tremendous step forward in terms of this multiyear exploration program in the Alaska Arctic," he said.
The dome and Shell's oil spill containment barge, the Arctic Challenger, are required to be positioned near the company's drill ships before they drill into hydrocarbon zones.
Shell already faced a rapidly closing window for drilling during the open-water season — when the seas are mostly free of ice — and the damaged dome was the clinching impediment.
Odum would not speculate on the cause or extent of damage.
"There is an investigation going on right now to actually put the details behind it," Odum said. "I'm going to wait for that report, which shouldn't take very long."
Shell hopes to tap into federal estimates of 26 billion barrels of recoverable oil and 130 trillion cubic feet of natural gas in U.S. Arctic waters. Odum remains optimistic.
"We're exploring offshore Alaska for the first time in several decades, and we have two drilling ships out there and over 20 support vessels, some of which were purpose-built for the area," he said. "We're drilling in the Chukchi, and I expect we'll be drilling in the Beaufort soon."
Environmental groups strongly oppose Arctic offshore drilling, claiming oil companies have not demonstrated the ability to clean up spilled crude in ice, and that operating in one of the world's most hostile marine environments is a risk to its polar bears, walrus and endangered whales. They pounced on the latest Shell setback.
"This series of blunders inspires anything but confidence in the oil industry's ability to safely drill in the Arctic," said Susan Murray, Oceana's Pacific senior director.
A Shell drilling ship in July dragged its anchor and nearly ran aground at Dutch Harbor. Less than a day after a Shell drill ship began drilling a pilot hole Sept. 9 in the Chukchi, a 30-by-12-mile ice sheet heading toward the vessel forced it to move 30 miles south.
"These last few weeks confirm that drilling can't be done safely for one month, much less long-term," said Rebecca Noblin of the Center for Biological Diversity.
Odum said he understands the critics but that the containment system, which didn't exist before Shell put it together for the Arctic, is one aspect to be solved in a multiyear exploration plan.
"If you look at the entirety of this program, you see the strength and the capacity with which Shell has moved back into the Arctic," he said.
Shell will continue working on the containment barge and plans to have it operating in the Arctic this year, he said.
Malaysia is poised to be the region’s hub for liquefied natural gas (LNG) importation, trading and storage once its LNG regassification terminal in Malacca is ready.
“With the LNG terminal, which will hopefully come on stream in October, we believe that we are poised to be the regional hub for LNG importation, trading and storage,” Minister in the Prime Minister’s Department and Performance Management and Delivery Unit chief executive officer Datuk Seri Idris Jala said.
“A lot of work is also being done in the east (of the country), and I have no doubt in my mind that the plant that the Sipitang Oil and Gas Industrial Park (Sogip) is building in Sabah will also add to the whole array of things happening in the industry,” he said at the inaugural Malaysia Oil and Gas Services Exhibition and Conference 2012 (MOGSEC).
He said the good response to MOGSEC 2012 was a testimony to the country’s vibrant oil and gas sector, which contributed significantly to gross domestic product (GDP).
Earlier in his speech, Idris said the oil and gas industry needed to sustain and maintain production, grow and diversify to continue to power the economy.
He said projects such as the enhanced oil recovery partnership between Petroliam Nasional Bhd (Petronas) and Shell Malaysia, the LNG terminal in Malacca and the RM60bil Refinery and Petrochemical Integrated Development complex in Pengerang were catalytic for further growth.
Idris urged local oil and gas companies to adopt best practices to enable them to compete internationally.
“Local companies shouldn’t just focus on growing their businesses here, they should take this platform to grow their business overseas,” he said.
MOGSEC 2012 is expected to attract 10,000 trade buyers and decision makers. The three-day event, which ends on Thursday, is organised by the Malaysian Oil and Gas Services Council.
Petronas Carigali Sarawak merancang untuk melabur sebanyak RM10 bilion untuk membina satu unit pemprosesan gas asli dikenali 'Train 9 Project' di Kompleks Petronas Gas Asli Bintulu.
Ketua Operasi Petronas Carigali Sarawak, Mohd. Nazori Janor berkata, projek berkenaan dijangka mampu menghasilkan sebanyak 3.6 juta metrik tan gas asli setahun.
Menurutnya, Petronas juga merancang untuk membangunkan Projek Gas Asli Terapung yang juga dikenali sebagai 'FLNG1' di luar pesisir pantai negeri ini.
"Petronas juga dijangka akan membelanjakan kira-kira RM300 bilion dalam tempoh lima tahun bermula tahun ini hingga 2015 bagi pemulihan simpanan minyak secara berperingkat.
"Ia juga bagi mengekalkan tahap pengeluaran dan meningkatkan sumber minyak mentah serta menjana peluang pekerjaan dalam sektor minyak dan gas," katanya ketika berucap di Malam Media Petronas - Persatuan Wartawan Utara Sarawak (NSJA) 2012 di sini, hari ini.
Sementara itu, Nazori memberitahu, Petronas telah mengeluarkan kira-kira 40 peratus kepada tabung kebangsaan dan sumbangan termasuk cukai serta pembayaran dividen secara tetap yang mencecah hampir RM30 bilion setahun.
"Subsidi gas yang ditanggung oleh Petronas dijangka meningkat pada tahun ini iaitu RM28 bilion berbanding RM23.7 bilion tahun lalu," katanya.
The liquefied natural gas (LNG) terminal project in Pengerang, Johor, is expected to complement Dialog Group Bhd's business soon and boost recurring income once the terminal is operational.
In a note today, OSK Research said the project, if successfully implemented, would complement Dialog's business by generating jobs for its service provider division.
Dialog is part of the consortium with Royal Vopak NV and the Johor state government, that plans to invest some RM4.08 billion in the development of the terminal.
"We believe the new investment is positive for the company in the long run in view of the stronger demand for LNG in this region following the Fukushima incident in 2011," he said.
The research house has maintained its 'buy' call on the company with unchanged fair value at RM3.16.
Meanwhile, AmResearch in its note, also maintained its 'buy' call on the company with an unchanged fair value at RM2.85.
It also maintained the financial year 2012-2014 forecasts for net profits with the expectation of further positive newsflow for the group.
-- BERNAMA
