Overall Enhanced Surveillance and Production Delivery Strategy: The Backbone of Oil Production Sustainability at Country Level in Malaysia

Bakar, Hasmizah (PETRONAS) | Mohd Khalid, Ruzanna (PETRONAS) | Idris, Khairul Nizam (PETRONAS) | Borhan, Nor Aisyah (PETRONAS) | Masoudi, Rahim (PETRONAS) | Abu Bakar, Mohamad (PETRONAS)

OnePetro 

Abstract While the world is still reeling from the unprecedented challenges brought on by the pandemic, the energy sector remains focused on business continuity standpoint. It is a big challenge for Enhanced Value Optimization (EVO) taskforce, as appointed focused group in PETRONAS Malaysia Petroleum Management (MPM) to monitor and assure national production target delivery for all hydrocarbon resources in Malaysia. The focus was devotedinto oil fields in Malaysia. As regulator, it is crucial to quickly act to implement and adjust regulations & steers to meet new demands for safe operations during global pandemic. Several work streams have been lined upwith specific goals and indicators to manage the upside potentials and risks for late life reservoirs, well integrity issues, new oil project, unplanned deferments, production enhancement and idle wells reactivation activities. Through regular engagements with operators, Opportunities and Threats (O&T) are collectively registered and tracked in monthly Malaysia oil production conversation to generate short-term and long-term additional potentials and trigger any constraints to base production in advanced. This paper will also discuss the limitation of resources, operational window, Malaysian government enforcement for isolation & quarantine during pandemic high time, widespread budget reprioritization, probability of success for execution of activities to realized opportunities and mitigation plans to mitigate threats from both sides, regulator and operators. In improving production performance conversations with operators, EVO Command Centre leverages on PETRONAS UP Mobile Application and UP Web with desired solution and integration from various data reporting dashboard as communication for quick business decision platform. The value of EVO as special taskforce in MPM for more just a reporting medium comes through intensification of efforts and proactive management of overall oil assets to realize business production target. The authors would also like to share their experienceas devoted Shapers and Enablers to safeguard Malaysia production target that may inspire other petroleum authorities in transforming the ambition(s) into action.

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