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Offshore Jobs – What Does It Mean To You And Why Should You Care?

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PETRONAS, PERTAMINA AND PETROVIETNAM IN JOINT UPSTREAM COOPERATION IN VIETNAM

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PETRONAS SIGNS NEW PSC FOR BARAM DELTA WITH PETRONAS CARIGALI AND SARAWAK SHELL

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PETRONAS AWARDED PHILIPPINES’ MINDORO BLOCK

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Pertamina, Norway’s Statoil to explore oil in Makassar strait

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PETRONAS AWARDED BLOCK 46/02 IN VIETNAM

PETRONAS, Malaysia’s national oil corporation today signed a Petroleum Contract with PetroVietnam and Talisman to jointly explore for and develop hydrocarbon resources in Block 46/02 offshore Vietnam. Under the contract, the three companies will form a joint venture company to operate the block. The new joint venture outfit, Truong Son Joint Operating Company, will see the participation of PetroVietnam Exploration & Production Company (40 percent), Talisman Vietnam Ltd (30 percent) and PETRONAS Carigali Overseas Sdn Bhd (30 percent). PetroVietnam Exploration & Production Company (PVEP) is a wholly-owned subsidiary of PetroVietnam, Talisman Vietnam Ltd (TVL) is a wholly-owned subsidiary of Talisman while PETRONAS Carigali Overseas Sdn Bhd (PCOSB) is the overseas exploration and production arm of PETRONAS. Block 46/02 is located on the southwestern continent shelf of Vietnam about 144 kilometers offshore Ca Mau. The block covers an area of approximatel...

PETRONAS GETS TWO NEW BLOCKS IN INDONESIA

PETRONAS, through its subsidiaries, has added two new blocks into its upstream business portfolio in Indonesia, further testimony to its commitment to establish a long-term position in the oil and gas industry of its ASEAN neighbour. PC (North East Madura IV) Ltd, a subsidiary of PETRONAS, was on 12 December awarded a Production Sharing Contract (PSC) for the North East Madura Offshore Block IV by Indonesia’s Badan Perlaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (BPMIGAS). BPMIGAS, on October 6, had also approved the acquisition of BP (Muriah) Ltd’s entire equity in the Muriah Block PSC by PETRONAS Carigali Overseas Sdn Bhd (PCOSB), another subsidiary of PETRONAS. Under the terms of the North East Madura Block IV PSC, PC (North East Madura IV) Ltd will acquire, process and interpret 500 square kilometres of offshore 3D seismic data, drill four exploration wells and undertake geological and geophysical studies in the Block during the PSC’s expl...

PETRONAS AWARDED VIETNAM’S DEEPWATER BLOCK

PETRONAS, together with joint venture partner Chevron, has been awarded a deepwater exploration block offshore Vietnam, the company’s first deepwater acreage in the country. The Production Sharing Contract (PSC) for Block 122 was signed in Hanoi, Vietnam, on Friday, 28 April, between PetroVietnam, PETRONAS Carigali Overseas Sdn Bhd and Chevron Vietnam Phu Khanh (Block 122) Ltd. Mr. Mohamad Johari Dasri, Managing Director & CEO of PETRONAS Carigali Sdn Bhd, represented PETRONAS Carigali Overseas, while Mr. Steve Green, the Managing Director & CEO of Chevron Asia South Ltd, signed on behalf of Chevron Vietnam. PetroVietnam was represented by its President & CEO Dr. Tran Ngoc Canh. Block 122 covers an area of about 6,981 square km in Vietnam’s Phu Khanh Basin, and is located in water depths of between 50 and 2,500 metres. Under the terms of the PSC, equal partners PETRONAS and Chevron will jointly commit to acquire, process and interpret 3,00...

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