[iagi-net-l] My -- More PSCs likely for ultra-deep oil search
More PSCs likely for ultra-deep oil search BY SIDEK KAMISO MALAYSIA is expected to issue more production sharing contracts (PSCs) for ultra-deepwater blocks off the eastern coast of Sabah soon. Ultra-deepwater exploration has generated a lot of interest among global companies, and Petronas is looking at inviting multinationals to start exploration in this area, Petroliam Nasional Bhd (Petronas) president Tan Sri Hassan Marican said. The national oil corporation was in the process of dividing each block into several concessions, he added. Ultra-deepwater refers to exploration in water depths of over 1,000m. Hassan was speaking at a press conference on the sidelines of the 9th Oil and Gas Conference in Kuala Lumpur yesterday. It is understood that Malaysia currently produces 700,000 barrels of crude oil a day and is expected to boost production to at least 800,000 in in the next few years. Hassan said most of the oil wells located in waters less than 1,000m in depth had been contracted out under several PSCs signed earlier. The new contracts may require companies to explore in areas with water depth of at least 2,000m, he added. He said Malaysian companies would also be invited to participate in the new initiatives. Meanwhile, he said Malaysia was not keen to set up its own stockpile of crude oil or join any group for such a purpose despite concerns over depleting oil reserves in the region, Malaysia was a producer country and its oil reserves were in its oil reservoirs, he said. He said as Malaysia was a net exporter of oil, it could use the margin available to draw the reserves from its production facilities. In addition, the high cost of setting up a stockpile infrastructure would be a major factor to consider. Hassan was asked to comment on remarks by ChevronTexaco chief executive David J. O'Reilly, who indicated that Asia could face a shortage of energy if the region did not collectively address the problem now. O'Reilly said Asian nations should put more effort into addressing the increased demand for energy in the region in view of the fast pace of economic growth over the last few years. Something should be done to avoid the bottleneck, he said in his industry keynote address to the conference. Elaborating on Malaysia's energy plan, Hassan said the country was a member of the Asean Council of Petroleum (Ascope), which had the mandate to help members facing an energy crisis. Ascope had recently discussed the issue in Manila and decided to make further studies in view of the high cost of developing infrastructure to stock pile crude oil. The money could be better spent on other areas of the economy, such as education, Hassan said. Btw, aku rencana ke JKT tgl 1-2 July mendatang. Adakah yg tertarik seandainya saya ajak ngobrol soal Lika-liku bekerja dibidang oil bussines Malaysia, Brunei: Potensi dan Tantangannya ? Let me know ya ? RDP _ MSN 8 helps eliminate e-mail viruses. Get 2 months FREE*. http://join.msn.com/?page=features/virus - To unsubscribe, e-mail: [EMAIL PROTECTED] Visit IAGI Website: http://iagi.or.id IAGI-net Archive 1: http://www.mail-archive.com/iagi-net%40iagi.or.id/ IAGI-net Archive 2: http://groups.yahoo.com/group/iagi Komisi Sedimentologi (FOSI) : F. Hasan Sidi([EMAIL PROTECTED])-http://fosi.iagi.or.id Komisi SDM/Pendidikan : Edy Sunardi([EMAIL PROTECTED]) Komisi Karst : Hanang Samodra([EMAIL PROTECTED]) Komisi Sertifikasi : M. Suryowibowo([EMAIL PROTECTED]) Komisi OTODA : Ridwan Djamaluddin([EMAIL PROTECTED] atau [EMAIL PROTECTED]), Arif Zardi Dahlius([EMAIL PROTECTED]) Komisi Database Geologi : Aria A. Mulhadiono([EMAIL PROTECTED]) -
Re: [iagi-net-l] My -- More PSCs likely for ultra-deep oil search
Vick, Kamis-Jum'at 1-2 Juli, kamu gentayangannya mau dimana? Rovicky Dwi Putrohari To: [EMAIL PROTECTED] [EMAIL PROTECTED] cc: mail.comSubject: [iagi-net-l] My -- More PSCs likely for ultra-deep oil search 06/15/04 07:22 AM Please respond to iagi-net More PSCs likely for ultra-deep oil search BY SIDEK KAMISO MALAYSIA is expected to issue more production sharing contracts (PSCs) for ultra-deepwater blocks off the eastern coast of Sabah soon. Ultra-deepwater exploration has generated a lot of interest among global companies, and Petronas is looking at inviting multinationals to start exploration in this area, Petroliam Nasional Bhd (Petronas) president Tan Sri Hassan Marican said. The national oil corporation was in the process of dividing each block into several concessions, he added. Ultra-deepwater refers to exploration in water depths of over 1,000m. Hassan was speaking at a press conference on the sidelines of the 9th Oil and Gas Conference in Kuala Lumpur yesterday. It is understood that Malaysia currently produces 700,000 barrels of crude oil a day and is expected to boost production to at least 800,000 in in the next few years. Hassan said most of the oil wells located in waters less than 1,000m in depth had been contracted out under several PSCs signed earlier. The new contracts may require companies to explore in areas with water depth of at least 2,000m, he added. He said Malaysian companies would also be invited to participate in the new initiatives. Meanwhile, he said Malaysia was not keen to set up its own stockpile of crude oil or join any group for such a purpose despite concerns over depleting oil reserves in the region, Malaysia was a producer country and its oil reserves were in its oil reservoirs, he said. He said as Malaysia was a net exporter of oil, it could use the margin available to draw the reserves from its production facilities. In addition, the high cost of setting up a stockpile infrastructure would be a major factor to consider. Hassan was asked to comment on remarks by ChevronTexaco chief executive David J. O'Reilly, who indicated that Asia could face a shortage of energy if the region did not collectively address the problem now. O'Reilly said Asian nations should put more effort into addressing the increased demand for energy in the region in view of the fast pace of economic growth over the last few years. Something should be done to avoid the bottleneck, he said in his industry keynote address to the conference. Elaborating on Malaysia's energy plan, Hassan said the country was a member of the Asean Council of Petroleum (Ascope), which had the mandate to help members facing an energy crisis. Ascope had recently discussed the issue in Manila and decided to make further studies in view of the high cost of developing infrastructure to stock pile crude oil. The money could be better spent on other areas of the economy, such as education, Hassan said. Btw, aku rencana ke JKT tgl 1-2 July mendatang. Adakah yg tertarik seandainya saya ajak ngobrol soal Lika-liku bekerja dibidang oil bussines Malaysia, Brunei: Potensi dan Tantangannya ? Let me know ya ? RDP _ MSN 8 helps eliminate e-mail viruses. Get 2 months FREE*. http://join.msn.com/?page=features/virus - To unsubscribe, e-mail: [EMAIL PROTECTED] Visit IAGI Website: http://iagi.or.id IAGI-net Archive 1: http://www.mail-archive.com/iagi-net%40iagi.or.id/ IAGI-net Archive 2: http://groups.yahoo.com/group/iagi Komisi Sedimentologi (FOSI) : F. Hasan Sidi([EMAIL PROTECTED]) -http://fosi.iagi.or.id Komisi SDM/Pendidikan : Edy Sunardi([EMAIL PROTECTED]) Komisi Karst
Re: [iagi-net-l] My -- More PSCs likely for ultra-deep oil search
Wah, maaf, maunya tadi imil japri... [EMAIL PROTECTED] esia.co.id To: [EMAIL PROTECTED] cc: 06/15/04 08:07 AM Subject: Re: [iagi-net-l] My -- More PSCs likely for ultra-deep oil Please respond tosearch iagi-net Vick, Kamis-Jum'at 1-2 Juli, kamu gentayangannya mau dimana? Rovicky Dwi Putrohari To: [EMAIL PROTECTED] [EMAIL PROTECTED] cc: mail.comSubject: [iagi-net-l] My -- More PSCs likely for ultra-deep oil search 06/15/04 07:22 AM Please respond to iagi-net More PSCs likely for ultra-deep oil search BY SIDEK KAMISO MALAYSIA is expected to issue more production sharing contracts (PSCs) for ultra-deepwater blocks off the eastern coast of Sabah soon. Ultra-deepwater exploration has generated a lot of interest among global companies, and Petronas is looking at inviting multinationals to start exploration in this area, Petroliam Nasional Bhd (Petronas) president Tan Sri Hassan Marican said. The national oil corporation was in the process of dividing each block into several concessions, he added. Ultra-deepwater refers to exploration in water depths of over 1,000m. Hassan was speaking at a press conference on the sidelines of the 9th Oil and Gas Conference in Kuala Lumpur yesterday. It is understood that Malaysia currently produces 700,000 barrels of crude oil a day and is expected to boost production to at least 800,000 in in the next few years. Hassan said most of the oil wells located in waters less than 1,000m in depth had been contracted out under several PSCs signed earlier. The new contracts may require companies to explore in areas with water depth of at least 2,000m, he added. He said Malaysian companies would also be invited to participate in the new initiatives. Meanwhile, he said Malaysia was not keen to set up its own stockpile of crude oil or join any group for such a purpose despite concerns over depleting oil reserves in the region, Malaysia was a producer country and its oil reserves were in its oil reservoirs, he said. He said as Malaysia was a net exporter of oil, it could use the margin available to draw the reserves from its production facilities. In addition, the high cost of setting up a stockpile infrastructure would be a major factor to consider. Hassan was asked to comment on remarks by ChevronTexaco chief executive David J. O'Reilly, who indicated that Asia could face a shortage of energy if the region did not collectively address the problem now. O'Reilly said Asian nations should put more effort into addressing the increased demand for energy in the region in view of the fast pace of economic growth over the last few years. Something should be done to avoid the bottleneck, he said in his industry keynote address to the conference. Elaborating on Malaysia's energy plan, Hassan said the country was a member of the Asean Council of Petroleum (Ascope), which had the mandate to help members facing an energy crisis. Ascope had recently discussed the issue in Manila and decided to make further studies in view of the high cost of developing infrastructure to stock pile crude oil. The money could be better spent on other areas of the economy, such as education, Hassan said. Btw, aku rencana ke JKT tgl 1-2 July mendatang. Adakah yg tertarik seandainya saya ajak ngobrol soal Lika-liku bekerja dibidang oil bussines Malaysia, Brunei: Potensi dan Tantangannya ? Let me know ya ? RDP _ MSN 8 helps eliminate e-mail viruses. Get 2 months FREE*. http://join.msn.com/?page=features/virus - To unsubscribe, e-mail: [EMAIL PROTECTED] Visit IAGI Website: http://iagi.or.id IAGI-net Archive 1: http://www.mail-archive.com/iagi-net
RE: [iagi-net-l] My -- More PSCs likely for ultra-deep oil search
Eastern sabah ini maksudnya Tarakan Basin. Bagaimana dengan border dispute? Setelah Sipadan dan Ligitan dinobatkan sebagai 'Malaysia', bagaimana pemecahan perbatasan maritim-nya? Ada yang bisa kasih update? Salam, Herman -Original Message- From: Rovicky Dwi Putrohari [mailto:[EMAIL PROTECTED] Sent: 15 June 2004 08:22 To: [EMAIL PROTECTED] Subject: [iagi-net-l] My -- More PSCs likely for ultra-deep oil search More PSCs likely for ultra-deep oil search BY SIDEK KAMISO MALAYSIA is expected to issue more production sharing contracts (PSCs) for ultra-deepwater blocks off the eastern coast of Sabah soon. Ultra-deepwater exploration has generated a lot of interest among global companies, and Petronas is looking at inviting multinationals to start exploration in this area, Petroliam Nasional Bhd (Petronas) president Tan Sri Hassan Marican said. The national oil corporation was in the process of dividing each block into several concessions, he added. Ultra-deepwater refers to exploration in water depths of over 1,000m. Hassan was speaking at a press conference on the sidelines of the 9th Oil and Gas Conference in Kuala Lumpur yesterday. It is understood that Malaysia currently produces 700,000 barrels of crude oil a day and is expected to boost production to at least 800,000 in in the next few years. Hassan said most of the oil wells located in waters less than 1,000m in depth had been contracted out under several PSCs signed earlier. The new contracts may require companies to explore in areas with water depth of at least 2,000m, he added. He said Malaysian companies would also be invited to participate in the new initiatives. Meanwhile, he said Malaysia was not keen to set up its own stockpile of crude oil or join any group for such a purpose despite concerns over depleting oil reserves in the region, Malaysia was a producer country and its oil reserves were in its oil reservoirs, he said. He said as Malaysia was a net exporter of oil, it could use the margin available to draw the reserves from its production facilities. In addition, the high cost of setting up a stockpile infrastructure would be a major factor to consider. Hassan was asked to comment on remarks by ChevronTexaco chief executive David J. O'Reilly, who indicated that Asia could face a shortage of energy if the region did not collectively address the problem now. O'Reilly said Asian nations should put more effort into addressing the increased demand for energy in the region in view of the fast pace of economic growth over the last few years. Something should be done to avoid the bottleneck, he said in his industry keynote address to the conference. Elaborating on Malaysia's energy plan, Hassan said the country was a member of the Asean Council of Petroleum (Ascope), which had the mandate to help members facing an energy crisis. Ascope had recently discussed the issue in Manila and decided to make further studies in view of the high cost of developing infrastructure to stock pile crude oil. The money could be better spent on other areas of the economy, such as education, Hassan said. Btw, aku rencana ke JKT tgl 1-2 July mendatang. Adakah yg tertarik seandainya saya ajak ngobrol soal Lika-liku bekerja dibidang oil bussines Malaysia, Brunei: Potensi dan Tantangannya ? Let me know ya ? RDP _ MSN 8 helps eliminate e-mail viruses. Get 2 months FREE*. http://join.msn.com/?page=features/virus - To unsubscribe, e-mail: [EMAIL PROTECTED] Visit IAGI Website: http://iagi.or.id IAGI-net Archive 1: http://www.mail-archive.com/iagi-net%40iagi.or.id/ IAGI-net Archive 2: http://groups.yahoo.com/group/iagi Komisi Sedimentologi (FOSI) : F. Hasan Sidi([EMAIL PROTECTED])-http://fosi.iagi.or.id Komisi SDM/Pendidikan : Edy Sunardi([EMAIL PROTECTED]) Komisi Karst : Hanang Samodra([EMAIL PROTECTED]) Komisi Sertifikasi : M. Suryowibowo([EMAIL PROTECTED]) Komisi OTODA : Ridwan Djamaluddin([EMAIL PROTECTED] atau [EMAIL PROTECTED]), Arif Zardi Dahlius([EMAIL PROTECTED]) Komisi Database Geologi : Aria A. Mulhadiono([EMAIL PROTECTED]) - - To unsubscribe, e-mail: [EMAIL PROTECTED] Visit IAGI Website: http://iagi.or.id IAGI-net Archive 1: http://www.mail-archive.com/iagi-net%40iagi.or.id/ IAGI-net Archive 2: http://groups.yahoo.com/group/iagi Komisi Sedimentologi (FOSI) : F. Hasan Sidi([EMAIL PROTECTED])-http://fosi.iagi.or.id Komisi SDM/Pendidikan : Edy Sunardi([EMAIL PROTECTED]) Komisi Karst : Hanang Samodra([EMAIL PROTECTED]) Komisi Sertifikasi : M. Suryowibowo([EMAIL PROTECTED]) Komisi OTODA : Ridwan Djamaluddin([EMAIL PROTECTED] atau [EMAIL PROTECTED]), Arif Zardi Dahlius([EMAIL PROTECTED]) Komisi Database Geologi : Aria
