Petronas News

Pemex, ExxonMobil ink agreement

Oct 02, 2014

Furthering its flurry of activity after Mexico’s landmark energy reform, Petroleos Mexicanos (Pemex) and ExxonMobil signed a preliminary deal to establish dialogue and jointly analyze both upstream and downstream business opportunities. Pemex…

Lundin acquires interest off Malaysia

Sep 25, 2014

Norway’s Lundin Petroleum will acquire operatorship and 50% interest from Petronas Carigali in PM328, offshore Malaysia. The agreement is effective on 31 August 2014. In the first 18 months of the three-year production sharing contract (PSC)…

Exxon announces Tapis EOR start up

Sep 15, 2014

ExxonMobil Exploration & Production Malaysia Inc. (EMEPMI) announced the startup of the Tapis enhanced oil recovery (EOR) project, off the coast of Terengganu, Malaysia, in the South China Sea. Operations began with water-alternating…

Shell starts work on Malikai

Sep 08, 2014

Shell has started work drilling production wells on Malaysia's third deepwater development, the Malikai field, offshore Malaysia.  The Malikai development involves 17 wells drilled from a 23,500 tonne tension leg platform production facility…

Inpex transfers Malaysian interest to Santos

Sep 02, 2014

Inpex Corp. reached an agreement to transfer a 25% participating interest in the deepwater Block S offshore East Malaysia to Australia-based Santos. Block S is located in the Sabah basin and covers 574sq km with a water depth ranging from 200m to 1500m…

Petronas, Qinterra sign multi-million dollar deal

Aug 21, 2014

Petronas Carigali Snd Bhd awarded Qinterra Technologies a contract worth approximately US$20miliion to support operations in Malaysia. The three-year agreement entails that Qinterra Technologies provide tractor services for all of Petronas…

Shell discovers gas off Malaysia

Aug 26, 2014

Shell made a gas discovery at the deepwater Majoram-1 well 180km off the Malaysia coast. The Marjoram-1 well is located in Block SK318, in 800m of water. Shell says the addition of new natural gas resources this year ensures the company is able to continue to provide cost-effective…

Petronas Bentara field sees first oil production

Jul 23, 2014

Petronas' Bentara field in the Balai cluster risk service contract (RSC) area located offshore Sarawak, Malaysia saw its first oil production on 25 May. BC Petroleum developed and operates the field, which is expected to produce around 1000b/d…

Gabon names seven for deepwater blocks

Jul 21, 2014

The Republic of Gabon’s Ministry of Petroleum announced today that it has selected seven companies to participate in a final round of negotiations for deepwater blocks in the offshore licensing tender round from October 2013. The Ministry said Impact Oil & Gas…

Drilling optimization offshore Sarawak

Jul 16, 2014

The Doo Sung rig was contracted in and brought to Shell standards to deliver the campaign. Doo Sung is Korea’s only semi- submersible drilling unit, built in 1984 by Daewoo Shipbuilding Co., and owned by KNOC…

Hess selects Bergading fabricator

Jul 01, 2014

Hyundai Heavy Industries (HHI) has received a Letter of Award (LOA) from Hess Exploration and Production Malaysia for engineering, procurement, construction, transportation, installation, hook-up, and commissioning (EPCIC) services for the Bergading complex…

Mubadala confirms gas discovery in Malaysia

Jun 23, 2014

Mubadala Petroleum announced today that appraisal drilling and testing has confirmed the Pegaga discovery in Block SK320 offshore Malaysia as a substantial gas discovery with significant commercial potential. A third discovery, Sirih-1…

EnQuest buying Asian assets

Jun 16, 2014

UK-based operator EnQuest has agreed to acquire ExxonMobil Exploration and Production Malaysia’s interest in the Seligi oil field and the PM8 PSC, offshore Malaysia, subject to approval by Petronas and conditions. The acquisition will…

EnQuest makes Malaysia move

May 16, 2014

UK-based independent EnQuest says it has made a discovery in the North Sea and agreed a field development project with Malaysia’s Petronas.  Drilling on the North Sea Avalon prospect confirmed a discovery. EnQuest said preliminary analysis…

Nippon to use FPSO on Layang

May 14, 2014

Japan's JX Nippon Oil & Gas Exploration Corp., a wholly-owned unit of JX Holdings, says Petronas has approved the field develoment plan for the Layang gas field. JX Nippon intends to develop the field off the coast of the Malaysia's Sarawak state on Borneo…

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