Page 22 - Oil&Gas-AustralAsia-2015-Issue-4
P. 22
M ALAYSIA
Technip wins D18 pipe works
By Marie RYAN
Johor, will execute the contract with with Technip’s strategy to strengthen its
PETRONAS has awarded Technip an support from Technip’s operating centre partnerships with its clients.
engineering, procurement, installation in Kuala Lumpur with the project President of Technip in Asia Pacific
and commissioning contract for its D18 scheduled for completion later this year. KK Lim said the deal was the first work
Project infrastructure offshore Sarawak, The flexible pipes will be manufactured order awarded under the five-year
Malaysia, at a water depth of 36 metres. at Asiaflex Products and the Deep Framework Agreement signed with
Orient, one of Technip’s subsea con- PETRONAS.
The project covers the procurement and struction vessels, will be mobilised for “We are pleased to be able to leverage
installation of two 8’ water injection installation during the second semester our unique subsea vertical integration
flexible pipes totalling 9.5 kilometres. of 2015. of product design, manufacturing
The flexible pipes will connect three The contract is part of the five-year and installation vessel to offer a cost
fixed jacket platforms which form the Framework Agreement signed with effective solution to our client by using
existing D18 facilities. PETRONAS in late 2014 and is in line flexible pipe technology,” KK Lim said.§
Asiaflex Products, Technip’s flexible
pipe manufacturing plant located in
Two billion on the books for Scomi
By Marie RYAN
the costs in the countries that we oper- becoming a lower cost producer, lower
Malaysian oilfield services firm Scomi ate in, so in that sense, our revenue is cost service provider, containing to
Group is projecting a $2 billion oil and naturally hedged,” said Mr Kanesan. make sure we’re viable, are helping us to
gas tender book for 2015, the tenders “Despite the fall in global oil prices the maintain this position. If not, we’ll be
submitted are for 20 projects in the group has worked itself to be able to in a more severe condition,” explained
Middle East, Turkmenistan, Thailand, face the challenges, citing continuous Kanesan.
India, Myanmar and Indonesia. cost rationalisation and market penetra- “Over the last few years, the group has
tion into growing markets,” he said. successfully reduced costs by about 13%
Scomi Engineering Chief Executive and “Even at US$10 per barrel (oil price), annually, for example, Scomi Group has
Chief Executive of Transport Kanesan the company continues to make profit. reduced an average cost of US$5 million
Veluppillai said the Group anticipates It’s about the organisation continuously while the energy division has reduced
results in the next two to three quarters. looking at the situation and risk man- costs by US$10 million year-on-year.”
agement.” “We’ve consciously reshaped our cost
Scomi currently has an oil and gas or- “The steps that we had taken before, in structure to ensure that the group has
der book of around US$140 million. maintaining cost, growing technology, lower operating costs.” §
“A lot of our revenue is in US dollar in
the oil and gas side. We try to contain
PETRONAS REMAINS RESILIENT, BRACES FOR
TOUGHER TIMES AHEAD
PETROLIAM NASIONAL BERHAD operational efficiencies despite low- Ariffin said that its past prudent cash
(PETRONAS) ANNOUNCES SEC- er production entitlement and LNG management practices had provided
OND QUARTER FINANCIAL RE- volumes. sufficient financial reserves to weather
SULTS ENDED 30 JUNE 2015 the effects of the low oil price. How-
Speaking at the national oil company’s ever, PETRONAS is bracing itself for
PETRONAS reported a commenda- second Quarter Financial Result Media more challenges ahead as low oil prices
ble performance over the last quarter Briefing, PETRONAS President and persist.§
despite a difficult period, due to better Group CEO Datuk Wan Zulkiflee Wan
A A20 OIL & GAS ustral SIA SEPTEMBER/OCTOBER 2015 www.oilandgasaustralasia.com
Technip wins D18 pipe works
By Marie RYAN
Johor, will execute the contract with with Technip’s strategy to strengthen its
PETRONAS has awarded Technip an support from Technip’s operating centre partnerships with its clients.
engineering, procurement, installation in Kuala Lumpur with the project President of Technip in Asia Pacific
and commissioning contract for its D18 scheduled for completion later this year. KK Lim said the deal was the first work
Project infrastructure offshore Sarawak, The flexible pipes will be manufactured order awarded under the five-year
Malaysia, at a water depth of 36 metres. at Asiaflex Products and the Deep Framework Agreement signed with
Orient, one of Technip’s subsea con- PETRONAS.
The project covers the procurement and struction vessels, will be mobilised for “We are pleased to be able to leverage
installation of two 8’ water injection installation during the second semester our unique subsea vertical integration
flexible pipes totalling 9.5 kilometres. of 2015. of product design, manufacturing
The flexible pipes will connect three The contract is part of the five-year and installation vessel to offer a cost
fixed jacket platforms which form the Framework Agreement signed with effective solution to our client by using
existing D18 facilities. PETRONAS in late 2014 and is in line flexible pipe technology,” KK Lim said.§
Asiaflex Products, Technip’s flexible
pipe manufacturing plant located in
Two billion on the books for Scomi
By Marie RYAN
the costs in the countries that we oper- becoming a lower cost producer, lower
Malaysian oilfield services firm Scomi ate in, so in that sense, our revenue is cost service provider, containing to
Group is projecting a $2 billion oil and naturally hedged,” said Mr Kanesan. make sure we’re viable, are helping us to
gas tender book for 2015, the tenders “Despite the fall in global oil prices the maintain this position. If not, we’ll be
submitted are for 20 projects in the group has worked itself to be able to in a more severe condition,” explained
Middle East, Turkmenistan, Thailand, face the challenges, citing continuous Kanesan.
India, Myanmar and Indonesia. cost rationalisation and market penetra- “Over the last few years, the group has
tion into growing markets,” he said. successfully reduced costs by about 13%
Scomi Engineering Chief Executive and “Even at US$10 per barrel (oil price), annually, for example, Scomi Group has
Chief Executive of Transport Kanesan the company continues to make profit. reduced an average cost of US$5 million
Veluppillai said the Group anticipates It’s about the organisation continuously while the energy division has reduced
results in the next two to three quarters. looking at the situation and risk man- costs by US$10 million year-on-year.”
agement.” “We’ve consciously reshaped our cost
Scomi currently has an oil and gas or- “The steps that we had taken before, in structure to ensure that the group has
der book of around US$140 million. maintaining cost, growing technology, lower operating costs.” §
“A lot of our revenue is in US dollar in
the oil and gas side. We try to contain
PETRONAS REMAINS RESILIENT, BRACES FOR
TOUGHER TIMES AHEAD
PETROLIAM NASIONAL BERHAD operational efficiencies despite low- Ariffin said that its past prudent cash
(PETRONAS) ANNOUNCES SEC- er production entitlement and LNG management practices had provided
OND QUARTER FINANCIAL RE- volumes. sufficient financial reserves to weather
SULTS ENDED 30 JUNE 2015 the effects of the low oil price. How-
Speaking at the national oil company’s ever, PETRONAS is bracing itself for
PETRONAS reported a commenda- second Quarter Financial Result Media more challenges ahead as low oil prices
ble performance over the last quarter Briefing, PETRONAS President and persist.§
despite a difficult period, due to better Group CEO Datuk Wan Zulkiflee Wan
A A20 OIL & GAS ustral SIA SEPTEMBER/OCTOBER 2015 www.oilandgasaustralasia.com
