Viridien Concludes Seismic Survey Offshore Malaysia
have successfully completed our first multi-client project offshore Malaysia, that leverages over 40 years of experience processing seismic data from one of the country’s major basins.“We are confident that this ultramodern data set will support the efforts of Malaysia Petroleum Management, Petronas in promoting open acreages in Selat Melaka and spur exploration in this frontier area located near a number of proven large discoveries,” said Dechun Lin, EVP, Earth Data, Viridien
Shearwater Nets Petrobras Contract for 3D Survey Off Suriname
Offshore seismic services specialist Shearwater Geoservices has secured a large 3D seismic survey from Petronas in Suriname.The project, covering 6,000 square kilometers, marks the continuation of Shearwater’s commitment to Petronas in this frontier area having previously performed acquisition work in Block 52.The Amazon Warrior vessel has been allocated to the three-month project, starting in the fourth quarter of 2024.“High-quality seismic data is a key enabler for unlocking the vast resource potential of the prolific Suriname-Guyana basin and accelerating exploration activities.“She
Strohm Supplies TCP Jumpers for Sabah Project Off Malaysia
deepwater Sabah project offshore Malaysia.Installed by contractor McDermott on behalf of an international operator, it is the second time the firm’s TCP product has been deployed in Malaysia, after a TCP Flowline and static riser were installed at the shallow water West Lutong field for operator Petronas in 2017.Delivered in 2021, the two, 150-meter-long TCP Jumpers were stored until associated infrastructure at the field was installed.The TCP Jumpers were spooled onto subsea pallets for installation from the transport reel, during which time the ancillaries were fitted by the Strohm field services
Saipem Scoops $3.7B for Work on TotalEnergies’ Kaminho Field
be fabricated in Saipem’s local yard in Ambriz, the Italian contractor said.For the offshore campaign, and specifically for the J-lay vessel, Saipem will deploy its FDS and will widely involve the local supply chain for logistics and fabrication activities.To remind, TotalEnergies and its partners Petronas and Sonangol have earlier on May 21, 2024, made a Final Investment Decision (FID) for the Kaminho project, aiming for the production start-up in 2028.The plateau of production for the development is expected to be 70,000 barrels of oil per day, TotalEnergies said.TotalEnergies Makes FID for Kaminho
Sapura Energy to Provide Subsea Services for Shell Off Malaysia
services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Shell’s Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum.The contract for the provision of pan-Malaysia underwater services for Petronas group of companies and Petroleum Arrangement Contractors, whose value was not disclosed, takes effect from January 31, 2024 for a period of five years.The scope of work comprises of the provision of diving support vessel, air and saturation diving systems, remotely operated vehicle (ROV) and other
Survey to Assess CCS and New Oil & Gas Opportunities Gets Underway Off Malaysia
.The project aims to provide insights on the exploration opportunities in a broader play fairway and to assess the carbon storage potential across Penyu Basin area.It is being conducted in partnership with Malaysia Petroleum Management (MPM), which acts for and on behalf of state-owned energy giant Petronas in the overall management of Malaysia's petroleum resources.The acquisition of the new seismic data will enable clients to effectively conduct evaluation on the exploration and carbon storage potential for the upcoming Malaysia Bid Round.“The Penyu Basin is one of Southeast Asia&rsquo
Petronas and JERA Team Up on Japan-Malaysia CCS Scheme
Malaysia’s state-owned energy company Petronas and Japan’s largest power generation company JERA have signed a joint study agreement to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain between Japan and Malaysia.The study will cover separation and capture of carbon dioxide (CO2) emitted by JERA in Japan, cross-border transportation, and CO2 storage in Malaysia.The agreement will strengthen the collaboration and contribute towards building a global network for cross-border CO2 transport and storage, according to the companies.It also represents a notable
Fugro Gets Marine Survey Job at Indonesia’s LNG and CCS Scheme
approach.“With our expertise and solutions, we will be able to contribute to energy security in the region,” said Mark Heine, CEO of Fugro.The Abadi LNG project is based on an onshore LNG development scheme that INPEX is developing in partnership with PT Pertamina Hulu Energi Masela and PETRONAS Masela in Masela block.The project’s annual LNG production is expected to reach 9.5 million tons, equivalent to over 10 percent of Japan’s current annual LNG imports.As a result, the project will have a meaningful contribution to improving energy security in Indonesia, Japan and other
The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond
expects E&P vessel spending to grow by 17% this year, towards $2.2 billion. In Australia, this figure is set to surge by 62% to $184 million. This wider trend is in alignment with the strategy plans announced by the various NOCs in the region, as new projects offer strong economic fundamentals. Petronas and ONGC have declared their continued focus on domestic exploration, while PTTEP has allocated $6.7 billion for E&P activities in 2024.Demand for OSVsThe APAC region is poised to see an increase in activities this year. Current market developments suggest that OSV demand in Asia will peak in
February 2025
