Malaysia

Petronas has become the first global energy company to own and operate two floating LNG production facilities. The PFLNG DUA loaded its first shipment on an LNG carrier bound for Thailand. Petronas is also stepping up promotion of its 2021 licensing round for new fields.

The complete paper describes the first successful implementation of natural dumpflooding offshore Malaysia as a case study to provide insight into the value of using the approach to maximize oil recovery in a mature field, particularly in a low-margin business climate.

McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.

Malaysia’s push to explore energy blocks off its coast has turned into a five-nation face off involving US and Chinese warships, raising the risk of a direct confrontation as broader tensions grow between the world’s biggest economies.

The VLCCs will be delivered in 2022, with LNG supply provided by Total Marine Fuels Global Solutions.

The XamXung field offshore Sarawak, Malaysia, is a 47-year brownfield with thin remaining oil rims that have made field management challenging. The dynamic oil-rim movement has been a key subsurface uncertainty, particularly with the commencing of a redevelopment project.

A month after it got out of Norway, Bloomberg reports that the company is working with advisers on a potential Malaysian sale, which could raise as much as $3 billion. ExxonMobil plans to divest around $15 billion in nonstrategic assets by 2021.

ABS will classify a new self-elevating platform with a unique triangular monocolumn design from Calm Oceans Pte Ltd.

Energy consultancy Wood Mackenzie estimates the find holds some 2 Tcf of gas, making it this year’s seventh-largest discovery worldwide.

Malaysia’s Petronas, Shell Malaysia, and Thailand’s PTTEP are now in the midst of full-scale digital adoption. The companies are beginning to see results, but none is counting on a “big bang” in development of the technology soon.