Oil Gas Technology’s Post

𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐉𝐞𝐫𝐮𝐧 𝐆𝐚𝐬 𝐅𝐢𝐞𝐥𝐝 𝐍𝐞𝐰𝐬 Sapura OMV Upstream (Sarawak) Inc. has commenced production at the Jerun gas field, located 160 kilometers off the coast of Sarawak, Malaysia. 𝑲𝒆𝒚 𝒑𝒐𝒊𝒏𝒕𝒔 𝒊𝒏𝒄𝒍𝒖𝒅𝒆: 🔹 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲: The field aims to deliver 550 million cubic feet per day (MMcfpd). 🔹 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬: SapuraOMV holds a 40% stake as operator, with Petronas Carigali and Sarawak Shell each owning 30%. 🔹 𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩: TotalEnergies SE will take over Block SK408 from SapuraOMV. 🔹 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫𝐢𝐞𝐬: Block SK408 has seen multiple gas discoveries since 2014, including Bakong, Teja, Gorek, Larak, Legundi, Jerun, Jerimin, and Pepulut fields. 🔹 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬: The project promises to significantly contribute to Malaysia’s long-term gas supply. 𝐓𝐨 𝐫𝐞𝐚𝐝 𝐟𝐮𝐫𝐭𝐡𝐞𝐫, 𝐠𝐨 𝐭𝐨 𝐭𝐡𝐢𝐬 𝐥𝐢𝐧𝐤 (https://lnkd.in/guyjhCcT). #JerunGasField #SapuraOMV #Petronas #SarawakShell #TotalEnergies #GasProduction #EnergySector #MalaysiaEnergy #OffshoreProduction #SoutheastAsia #EnergyTransition #NaturalGas #SustainableEnergy #OilAndGas #EnergyProjects #Investment

🚨 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐍𝐞𝐰𝐬: 𝐄𝐱𝐱𝐨𝐧𝐌𝐨𝐛𝐢𝐥 𝐒𝐞𝐥𝐥𝐬 𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚 𝐎𝐢𝐥 𝐚𝐧𝐝 𝐆𝐚𝐬 𝐀𝐬𝐬𝐞𝐭𝐬 𝐭𝐨 𝐏𝐞𝐭𝐫𝐨𝐧𝐚𝐬! 🚨 ExxonMobil has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, marking the end of its dominant presence in the country's upstream sector. 𝑯𝒆𝒓𝒆 𝒂𝒓𝒆 𝒕𝒉𝒆 𝒌𝒆𝒚 𝒉𝒊𝒈𝒉𝒍𝒊𝒈𝒉𝒕𝒔: 💠 ExxonMobil, after 130 years in Malaysia, is shifting focus to oil production in the Americas. 💠 Petronas takes over Exxon's assets, including the flagship Tapis oilfield. 💠 Exxon's staff to be transferred to Petronas as part of the deal. 💠 Discussions ongoing for the transfer of operations for two offshore production-sharing contracts. 💠 Petronas committed to maintaining reliable energy supply throughout the transition. 𝐅𝐨𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐬, 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞, https://lnkd.in/gs-EKAFB. #ExxonMobil #Petronas #OilAndGas #Malaysia #EnergySector #BusinessNews #Oilfield #EnergyTransition #IndustryNews #UpstreamSector #GlobalEnergy #CorporateDeal #EnergyAssets #MarketShift #BreakingNews

MI member Petronas commences delivery of 160 million standard cubic feet of gas per day to new Bintulu methanol plant The Bintulu Additional Gas Facility (BAGSF-2) today commenced delivery of gas to a new Sarawak methanol plant in Bintulu, supporting the further growth of the petrochemical industry in Sarawak. The initial supply of gas from BAGSF-2 via a newly built pipeline provides the fuel for the commissioning of the world scale Sarawak Petchem Sdn Bhd’s (SPSB) methanol plant. With a design capacity of 390 million standard cubic feet of gas per day (MMscfd), the BAGSF-2 facility caters to the requirement of the new methanol plant (160 MMscfd), plus 70 MMscfd to supply to the Sarawak Energy Berhad’s (SEB) existing power plant in Bintulu. The remaining capacity is allocated for other projects earmarked in Bintulu, under the Sarawak Gas Roadmap. https://bit.ly/3sWNisZ #methanol #efuel #energy #energytransition #futurefuel #cleanfuel #alternativefuel #marine #maritime

MI member Petronas commences delivery of 160 million standard cubic feet of gas per day to new Bintulu methanol plant The Bintulu Additional Gas Facility (BAGSF-2) today commenced delivery of gas to a new Sarawak methanol plant in Bintulu, supporting the further growth of the petrochemical industry in Sarawak. The initial supply of gas from BAGSF-2 via a newly built pipeline provides the fuel for the commissioning of the world scale Sarawak Petchem Sdn Bhd’s (SPSB) methanol plant. With a design capacity of 390 million standard cubic feet of gas per day (MMscfd), the BAGSF-2 facility caters to the requirement of the new methanol plant (160 MMscfd), plus 70 MMscfd to supply to the Sarawak Energy Berhad’s (SEB) existing power plant in Bintulu. The remaining capacity is allocated for other projects earmarked in Bintulu, under the Sarawak Gas Roadmap. https://bit.ly/3sWNisZ #methanol #efuel #energy #energytransition #futurefuel #cleanfuel #alternativefuel #marine #maritime

🌅 Good Morning, Readers! 🌅 As you start your day, here's an exciting update that promises to energize the future of the energy sector and bring new developments to Sarawak! 🚀⚡️ Petronas has achieved a significant milestone with the first gas production from the Jerun field in Sarawak. 🛢️🎉 This marks a crucial step in enhancing Malaysia's natural gas supply and supporting the nation's energy needs. Located offshore Sarawak, the Jerun field is part of the Block SK408 Production Sharing Contract, operated by SapuraOMV Upstream. The first gas production from this field is expected to significantly contribute to Petronas' overall gas production capacity, reinforcing its position as a leading energy provider in the region. 🌊🏗️ This achievement not only boosts the local economy by creating jobs and supporting local industries but also demonstrates Petronas' commitment to sustainable and efficient energy production. The Jerun field's development includes state-of-the-art technology and infrastructure designed to maximize gas recovery while minimizing environmental impact. 🌿🔧 For additional info, natural gas is a cleaner alternative to hydrocarbons like coal and oil, emitting less carbon dioxide and other pollutants when burned. This makes it a key player in the transition to a low-carbon economy, helping to reduce greenhouse gas emissions and combat climate change. 🌍💨 The successful start-up of gas production at Jerun field highlights Petronas' dedication to meeting Malaysia's growing energy demands and its role in the global energy transition. This milestone also underscores the importance of innovative technologies and sustainable practices in driving the future of energy production. 🌐🔋 For more details on this exciting development and its implications for the energy sector, visit the link below. 🌐📖 #GoodMorning #Petronas #JerunField #GasProduction #Sarawak #EnergySector #SustainableEnergy #NaturalGas #CleanEnergy #Innovation #EnvironmentalImpact #LocalEconomy #JobCreation #EnergyTransition #ClimateChange #GreenEnergy #Technology #OffshoreProduction #EnergyNews #FutureOfEnergy #GlobalEnergy #SustainableDevelopment https://lnkd.in/gaP_S_3A)

BIGST Cluster Gas Field Development: BIGST Cluster located offshore Kerteh, Terengganu in Peninsular Malaysia is a gas field development project. PETRONAS Carigali Sdn Bhd (PCSB) and JX Nippon Oil & Gas Exploration Corporation have signed a heads of agreement (HOA) to collaborate in developing a joint proposal for monetizing the gas potential within the Bujang, Inas, Guling, Sepat, and Tujoh (BIGST) fields.The BIGST opportunity was part of the Malaysia Bid Round. PCSB and JX Nippon were shortlisted based on the quality of their submissions and unique value propositions. Carbon capture and storage (CCS) technology will play a crucial role in monetizing the fields, as they contain a high amount of carbon dioxide (CO2). This project is significant as it will be the first CCS project in Peninsular Malaysia. The development of the BIGST Cluster is expected to enhance Peninsular Malaysia's energy security and lead to the development of other high-contaminant fields that were previously hindered by the lack of complete CO2 handling infrastructure. PCSB and JX Nippon's collaboration aims to work on a business value proposal with PETRONAS and explore possible acquisition of interests in the gas fields.

MI member Petronas commences delivery of 160 million standard cubic feet of gas per day to new Bintulu methanol plant The Bintulu Additional Gas Facility (BAGSF-2) today commenced delivery of gas to a new Sarawak methanol plant in Bintulu, supporting the further growth of the petrochemical industry in Sarawak. The initial supply of gas from BAGSF-2 via a newly built pipeline provides the fuel for the commissioning of the world scale Sarawak Petchem Sdn Bhd’s (SPSB) methanol plant. With a design capacity of 390 million standard cubic feet of gas per day (MMscfd), the BAGSF-2 facility caters to the requirement of the new methanol plant (160 MMscfd), plus 70 MMscfd to supply to the Sarawak Energy Berhad’s (SEB) existing power plant in Bintulu. The remaining capacity is allocated for other projects earmarked in Bintulu, under the Sarawak Gas Roadmap. https://bit.ly/3sWNisZ #methanol #efuel #energy #energytransition #futurefuel #cleanfuel #alternativefuel #marine #maritime

TotalEnergies has signed an agreement with Sapura Upstream Assets (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream (Sarawak) Inc. The $530 million deal is subject to closing adjustments and is expected to be concluded in the second half of 2024. The move follows a previous, first agreement signed with OMV on January 31 this year to secure the acquisition of its 50% interest in SapuraOMV. #EnergyConnects #energynews #energyindustry #news #oott #naturalgas

OMV to Divest Upstream Gas Assets in #Malaysia to TotalEnergies Austrian oil, gas and chemicals group OMV has signed an agreement to divest its 50% stake in Malaysia’s natural gas producer SapuraOMV Upstream (Sarawak) Inc. to TotalEnergies for $903 million, including the transfer of a $350 million loan granted by OMV to SapuraOMV. SapuraOMV, headquartered in Kuala Lumpur, is a 50:50 joint venture between Sapura Energy Berhad and OMV established in 2019. It has production and development assets in shallow waters offshore of Malaysia, as well as exploration interests in #Mexico, #Australia, and New Zealand. SapuraOMV’s operated production in 2023 was reported to be about 500 million cubic feet per day of natural #gas, feeding the Bintulu LNG plant operated by Petronas, as well as 7,000 barrels per day of condensates. Read more on #CMI online: https://lnkd.in/ec6vwyPF

Indonesia Discovery Alert! Mubadala Energy has struck big again in the South Andaman block with a significant gas find, potentially over 2 Tcf gas-in-place. The Tangkulo-1 well, spudded in March and drilled in 1,200m water depth, hit 80m of gas in Oligocene sandstones, flowing 47 MMcf/d of gas and 1,300 bbl/d of condensate. This marks the third major multi-Tcf discovery in the area, following Harbour Energy’s Timpan (2022) and Mubadala’s Layaran (2023). Commercialization options include expanding PERTAMINA EP Arun LNG, FLNG, and piping gas to local markets. Next up, the rig will appraise the Layaran discovery.