Production Malaysia Inc News

Malaysian integrated oil and gas services company Sapura Energy Berhad has been awarded five new contracts valued at approximately RM1.3 billion ($US311 million).All five contracts have been awarded to the Sapura’s wholly owned subsidiaries, with works to take place in Malaysia, Indonesia, Australia and the Gulf of Suez."The contract wins demonstrate Sapura Energy’s continued pursuit to deepen its presence in existing core markets, break into new markets and expand its scope of services," said a press release.The growing orderbook is expected to increase asset utilisation for the Group and contribute to improving its financial performance.

EnQuest PLC, through its wholly owned subsidiary EQ Petroleum Production Malaysia Ltd, agreed to acquire ExxonMobil Exploration and Production Malaysia Inc.’s interest in the Seligi oil field and the PM8 PSC, located offshore Malaysia. The agreement is subject to the approval of Petroliam Nasional Berhad (PETRONAS) and satisfaction of certain conditions precedent. This acquisition is another step in the execution of the Company’s strategy to extend its international footprint in Malaysia. Following completion, the acquisition will contribute approximately 5,000 Boepd of net production and 11.0 MMboe of net 2P reserves to EnQuest. EnQuest has extensive experience in creating value from late stage maturing assets in the North Sea…

J. Ray McDermott, S.A. announced that its Malaysian affiliate Barmada McDermott Sdn. Bhd. has been awarded a transportation and installation contract by ExxonMobil Exploration and Production Malaysia Inc. for the replacement of a 12-inch full well stream pipeline between Guntong-B and Guntong-A platforms, off the east coast of Peninsular Malaysia. The scope of work also includes transportation and installation of a new flare boom to replace an existing flare boom at the Guntong-A platform. The pipeline installation is expected to be completed during the third quarter of 2009. (www.mcdermott.com)

J. Ray McDermott, S.A. announced that its Malaysian affiliate Barmada McDermott Sdn. Bhd. (BMD) has won a fast track transportation and installation contract from ExxonMobil Exploration and Production Malaysia Inc. for the 2.4km, 12 inch full well stream (FWS) replacement pipeline between Guntong-C and Guntong-A, off the east coast of Peninsular Malaysia. The existing Guntong-C riser and a section of the existing pipeline will be replaced with a 2.4km pipeline riser with tie-in to the existing 12 inch pipeline. A mechanical connector will be used to connect the new pipeline to the remaining section of the existing pipeline. The project is expected to be completed by the end of 2008. J. Ray McDermott, S.A., a subsidiary of McDermott International, Inc.

Keppel Hitachi Zosen (KHZ) has delivered a Semi-Submersible Self-Erecting Tender Rig (SSETR) to Smedvig Asia Ltd (Smedvig). The SSETR was named West Alliance by Mrs. Patricia Chan, wife of Mr. Chan Heng Wah, Drilling Manager of Esso Production Malaysia Inc, at a naming ceremony held in Keppel Shipyard on September 29, 2001. West Alliance has a one plus one optional year drilling contract with Esso Malaysia, which is scheduled to commence in early November this year. Following the exercise of its option, Smedvig will own 100 per cent of West Alliance, and bring the total capital expenditure of the rig to about $85 million. West Alliance represents the newest generation of SSETRs, incorporating the latest technology and equipment.

ESSO Production Malaysia Inc. (EPMI) has placed an order with Radii Teknologi Sdn. Bhd., the Malaysian representative of the VTS Group of Denbridge Digital for the supply and installation of a radar-based collision avoidance system for their "Lawit A" offshore platform. This Vessel Traffic Services (VTS)-based system, using Denbridge Digital's modular design, will supervise all surface vessel activities in the vicinity of the platform. The system will provide continuous monitoring of shipping movements and facilitate the early detection of craft conducting dangerous maneuvers. The system will consist of two Furuno radar transceivers linked to a Denbridge Digital APX-8000 radar display, through an RCS-4000 raw radar video compression and tracking system.

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), will divest its entire 72 percent interest in the rig, West Berani, to SeaDrill Asia Limited (SeaDrill Asia) for approximately $72m. This divestment follows the completion of the semisubmersible drilling tender (SSDT), which was delivered on time today. In May 2005, Keppel FELS entered into an agreement with SeaDrill Asia, formerly Smedvig Asia, to own and operate the SSDT on a 72/28 basis respectively. SeaDrill Asia had the option to exercise Keppel FELS’ interest in the rig upon completion. This is the fifth deepwater tender drilling rig that Keppel has built for SeaDrill Asia since 1994.