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Hosted by Petronas, the sixth edition of the Offshore Technology Conference Asia (OTC Asia) drew to a close after a successful event that brought together over 23,000 attendees from a record-breaking 80-plus countries. This year marks a significant milestone as OTC Asia celebrates its tenth anniversary since its inception in 2014. The event was officiated by Tan Sri Tengku Muhammad Taufik, president and group CEO, Petronas; Datuk Adif Zulkifli, executive vice president and CEO, upstream, Petronas; and Alex Martinez, chair of OTC Board of Directors. Tan Sri Tengku Muhammad Taufik highlighted the importance of collaboration in realizing the region's sustainability goals. Throughout the event, the conference featured cutting-edge technologies, fostered collaboration, and facilitated meaningful discussions around key opportunities and challenges facing the offshore energy sector.
- Energy > Oil & Gas > Upstream (1.00)
- Government > Regional Government > Asia Government > Malaysia Government (0.73)
- Government > Regional Government > Asia Government > Malaysia Government (0.40)
- Energy > Oil & Gas (0.40)
Offshore Technology Conference Asia (OTC Asia) 2024 officially launched in Kuala Lumpur with more than 20,000 attendees, sponsors, exhibitors, and students registered from over 75 countries. This year marks a significant milestone, with OTC Asia celebrating 10 years since its inception in 2014. Hosted by Petronas, OTC Asia 2024 builds upon its legacy of excellence and innovation to deliver an immersive experience that showcases cutting-edge technologies, fosters collaboration, and drives meaningful discussions around key opportunities and challenges facing the offshore energy sector. In his keynote address at the opening ceremony, President and Group CEO of Petronas Tan Sri Tengku Muhammad Taufik said, "Asia continues its firm commitment to be part of the solution in the energy transition. For us to realize this common goal, national oil companies; oil, gas, and energy majors; OGSE players; financiers; technology solutions providers; and policymakers must work together to spur novel ideas, explore new frontier technologies, and ultimately forge partnerships to decarbonize the energy value chain towards realizing a just, orderly, and equitable energy transition."
- Energy > Oil & Gas > Upstream (1.00)
- Government > Regional Government > Asia Government > Malaysia Government (0.51)
- Government > Regional Government > Asia Government > Thailand Government (0.34)
Longtime SPE member Steve Nas catches up with Mark Arathoon of PETRONAS and Martin Culen, Chief Commercial Officer, Kelda Drilling Controls. All three served as committee members for the SPE Workshop: Managed Pressure Drilling – Collaboration Towards Excellent Applications & Solutions in Kuala Lumpur, Malaysia. At the conclusion of the workshop, the group met to address technological advancements in Managed Pressure Drilling (MPD).
- Energy > Oil & Gas > Upstream (1.00)
- Government > Regional Government > Asia Government > Malaysia Government (0.40)
Society of Exploration Geophysicists Universiti Teknologi Petronas (SEG-UTP-SC) has been officially registered in UTP in early 2015. This chapter has received warm support from UTP students since the early stage of its establishment where it has manage to recruit officers and approximately 40 supporting committees. Five departments which are Human Resources, Public Relation, Academic, Promotion and Publication, and Programme Departments has been successfully established right after the recruitment day.
- Energy > Oil & Gas (1.00)
- Government > Regional Government > Asia Government > Malaysia Government (0.79)
- Information Technology > Knowledge Management (0.40)
- Information Technology > Communications > Collaboration (0.40)
He was a lecturer in geophysics at the University of Leicester (1988–2002) and a reader (senior associate professor) in environmental geophysics at Lancaster University (2002–2008) before moving to industry to develop new methods for marine CSEM/MT imaging and joint inversion of EM, potential field and seismic data. He joined Petronas in Malaysia in 2008 and is presently the multiphysics team leader at the Petronas Centre for Advanced Imaging in Kuala Lumpur. He was awarded the William Bullerwell Prize (UK geophysicist of the year) (1996) by the United Kingdom Geophysical Association and the Gerald W. Hohmann Prize (2002) for excellence in electrical geophysics research by the worldwide electromagnetic community. He also received the SEG 2019 Reginald Fessenden Award for coinventing the cross-gradient joint inversion method now widely used in industry and academia. He is a member of SEG and EAGE and a fellow of the Royal Astronomical Society, London.
- Europe > United Kingdom > England > Leicestershire > Leicester (0.25)
- Asia > Malaysia > Kuala Lumpur > Kuala Lumpur (0.25)
- Asia > Middle East > Saudi Arabia (0.17)
- Personal > Honors (0.36)
- Overview > Innovation (0.35)
- Energy > Oil & Gas > Upstream (0.92)
- Government > Regional Government > Asia Government > Malaysia Government (0.49)
- Information Technology > Knowledge Management (0.40)
- Information Technology > Communications > Collaboration (0.40)
Time and time again, I meet industry specialists who should have a detailed knowledge of the Petroleum Resources Management System (PRMS) and handling uncertainty in the inputs for resource assessment or to the rest of the evaluation work flow. Often, however, the understanding of PRMS basics, application, or reporting seems to be lacking. This year’s Reserves Management papers are chosen to revisit some basics around both reserves delineation and asset management. Paper SPE 210358 reminds evaluators to use multiple approaches (triangulation?) in the presence of uncertainty to derive the best estimates for Proved Reserves, but this should apply equally to all resource assessment. It also stresses the requirement, sometimes overlooked, to ensure that the approach/technology is proven and calibrated to work in the exact situation, both subsurface and surface. Uncertainty is inherent in our business, though difficult to communicate, and we should do all we can to incorporate it correctly. Also looking at the effect of uncertainty, paper SPE 213385 focuses on Monte Carlo simulation for commercialization around well performance in unconventional settings, but its application can be to any technical or commercial uncertainty. Too many people overly focus on precision (the decimal places in the answer) but lose focus on accuracy or usefulness of the work. Uncertainty can lead to errors in the first, and certainly the second, significant figure, thus invalidating all the misleading precision. Analysis should model the parameters to include the true state of knowledge. It seems ever more difficult to avoid discussions of carbon capture and storage (CCS), a major challenge facing the industry, especially when trying to monetize massive high-CO2 fields. Paper SPE 214359 discusses how the Malaysian authorities and Petronas seek to manage and incentivize CCS in their domain and achieve socially desirable goals with improved efficiency—specifically, centralizing the disposal of CO2 through an organization taking the separated gas from the producers. It creates efficiencies through scale and targeted regulatory incentives that do not need to be applied to the direct producers. It reminds me of how liquefied natural gas facilities often are commercially separated from the upstream to manage project financing and improve project feasibility. The recommended additional reading papers delve further into PRMS disclosure details and implications; how allocating volumes (and costs) for incremental decisions can change the optimal outcome; some more around how volumes and costs flow through to economics and how this can be an issue in complex fields; and, lastly, an unusual proposal of uncertainty around the 1P, 2P, and 3P values. Certainly, they remind the reader to consider the effect of uncertainty on volumetrics and categorization. Recommended additional reading at OnePetro: www.onepetro.org. SPE 209695 Can Reasonable Certainty Be Assessed From Disclosed Proved Reserves Revisions? by Enrique Morales, ISVA Oil and Gas Consultancy, et al. SPE 211458 An Algorithm for Calculating Incremental Production in an Integrated Asset Model by Peter Richard Paul Cunningham, Serafim, et al. SPE 212826 Impact of Financial Assumptions on Economic Viability of Incremental Projects by M.A. Mian, O&G Knowledge Sharing Platform SPE 209217 Probabilistic Reserves Categorization Using Percentiles of a Single Probability Distribution by M.A. Mian, O&G Knowledge Sharing Platform
- Asia > Malaysia (0.56)
- Asia > Middle East > Kuwait (0.22)
- Energy > Oil & Gas > Upstream (1.00)
- Government > Regional Government > Asia Government > Malaysia Government (0.56)
- Management > Asset and Portfolio Management > Reserves replacement, booking and auditing (0.78)
- Facilities Design, Construction and Operation > Natural Gas Conversion and Storage > Liquified natural gas (LNG) (0.58)
- Reservoir Description and Dynamics > Storage Reservoir Engineering > CO2 capture and sequestration (0.56)
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- Information Technology > Knowledge Management (0.99)
- Information Technology > Communications > Collaboration (0.99)
Abstract The Bokor Betty Rejuvenation & Brownfield project involved in objective not only to increase the field production of gas and oil, but the project also aligned with PETRONAS sustainability initiative and its aspiration to achieve Net Zero Carbon Emission by 2050 as part of its holistic approach to sustainability that balances Environment, Social and Governance (ESG). This project execution was starting in 2018, the rejuvenation and brownfield project of an existing field that has been produced for many years. The main scope of this Brownfield and Rejuvenation project is as follow. Decommissioned two (2) of the existing old remote vent platform BeV-A and BoV-A platform. Monetized the gas produced from the wells by installing Ejector Vapor Recovery Units (EVRU). Performed the conversion and integration of the existing venting system with the new Central Processing Platform (CPP) flare system. In Malaysia, it recorded the annual Carbon Dioxide (CO2) emissions rate in 2020 is 272.62 million t lower than the previous year in 2019 with 278.88 million t (Hannah Ritchie & Max Roser, 2022). The overall strategy developed during the front-end study of this project, the objective to achieve zero continuous flaring and zero venting, was the main objective for the project apart to sustain the production from this oil and gas field in Sarawak, Malaysia. It was a crucial project to support the international agenda and target for the zero-emission producing platform, yet still, prolong the production of gas and oil from the field. The challenges were also to work the hook-up and commissioning of the new facilities on the existing brownfield platform. This new facility needs to install a knock-out drum, flare system, EVRU, and decommissioning existing facilities such as vent platform and compressor. Through this comprehensive, detailed engineering and study, the construction commenced and translated the actual execution during the offshore works & the team successfully installed all new facilities with the existing platform and integrated the system. The integrated commissioning and start-up were structured detailed in and out to ensure the ultimate sustainability target for the project on zero venting and zero continuous flaring are achieved. Offshore execution for this project was held from 2018 until 2021, and the team achieved decommissioning of the existing old remote vent platform. This ensures the zero venting for this field that has been producing for many years, and finally, we reached zero venting for this field and supporting the PETRONAS sustainability target for net-zero emission by 2050. The project also successfully converted the vent to the flare system of the existing brownfield platform with the integration with the new Central Processing Platform (CPP). A successful project that ended the 40 years of venting gas into the atmosphere is a significant milestone for a sustainability project to save our environment from carbon emissions. The project successfully reduced Greenhouse Gas (GHG) 2.25 million t CO2e/year from its operation with the decommissioning of the vent system, redevelopment of its facilities, and monetizing the gas from wells with the upgrading of its gas processing facilities. This GHG 2.25 million is equivalent to Greenhouse Gas emissions from 489,330 passenger cars driven for a year.
- Energy > Oil & Gas > Upstream (1.00)
- Government > Regional Government > Asia Government > Malaysia Government (0.47)
- Asia > Malaysia > Sarawak > South China Sea > Sarawak Basin > Baram Delta Province > Bokor Field (0.99)
- Asia > Malaysia > Sarawak > South China Sea > Sarawak Basin > Baram Delta Province > Block SK307 > Betty Field (0.99)
- Asia > Malaysia > Sarawak > South China Sea > Sarawak Basin > Baram Delta Province > Block SK307 > Baronia Field (0.99)
Fortifying Upstream Data Governance - Establishing Centralised Data Governance and Assurance Control Tower
Zait, Nurshazareena Shuhada (PETRONAS) | Mohamed Ghazali, Muhammad Azmir (PETRONAS) | Lee, Hin Wong (PETRONAS) | Mat Ghani, Normanisah (PETRONAS) | Nur Ismail, Nur Aliah (PETRONAS) | Zakaria, Zulhanizam (PETRONAS) | Mohamad Isa, Mohamad Haneef (PETRONAS) | Azaman, Dzulkarnain (PETRONAS)
Abstract PETRONAS Upstream is moving towards becoming a data driven organization. In order to ensure Upstream decision making is driven by trusted data, it is imperative to fortify Upstream data governance with structured and guided process and procedure, technique and methodology that define, build and operate data management knowledge areas as per DAMA DMBOK. An innovative concept of establishing Data Control Tower as centralized data governance and assurance was designed and implemented to ensure that PETRONAS Upstream Data Governance is managed at the highest level with the following objectives: Guardrail Upstream data standardization and consistency Oversight of data management activities Centralized data mastering Data quality performance monitoring Data catalog, business glossary and metadata management Data security control
- Energy > Oil & Gas > Upstream (1.00)
- Government > Regional Government > Asia Government > Malaysia Government (0.46)
Abstract This paper aims to share the key success factors leading to the successful reuse and repurposing of decommissioned structures in Malaysia from the lens of Malaysia’s regulator in the Upstream Oil & Gas sector. PETRONAS via Malaysia Petroleum Management ("MPM") has been vested by the government of Malaysia the custodianship in the overall management of petroleum resources throughout the lifecycle of upstream oil and gas assets. MPM is the governing body for the country's petroleum development since PETRONAS was established in 1974. From the context of decommissioning, MPM manages the liabilities for all upstream petroleum facilities in Malaysia, specifically to strategize, regulate, promote, and drive decommissioning execution that are safe, cost-effective and with the least impact to the environment. Malaysia’s decommissioning activities are expected to intensify as considerable assets have been operating beyond their design life and/or approaching their economic limit. For the past 20 years, Malaysia has seen various types of decommissioning projects with varying decommissioning options. To date, more than 60% of decommissioned facilities have been converted to artificial reefs, reused or repurposed, vis-à-vis total removal for onshore disposal. The first key success factor involves having a shared vision among relevant stakeholders. In our pursuit to achieve sustainable development goals, both industry and academia successfully collaborated in the repurposing of a decommissioned X-mas Tree from a subsea field in Malaysia and handing it over to Universiti Teknologi PETRONAS ("UTP") to be used for learning and research. In another example of having a shared vision, MPM had completed an integrated decommissioning project in April 2023, which yields a net positive impact by reducing development cost through the reuse and refurbishment of the topsides, instead of constructing new. The second key success factor being collaborative synergiesas evidenced by MPM’s drive for collaboration amongst Operators, which led to the success of Malaysia’s first reuse of a decommissioned trunkline for another field’s hydrocarbon evacuation. Through the reuse of this pipeline, the receiving field achieved development cost compression and timely first gas delivery. Next, adoption of new technologies is the third key success factor, proven by the success of a platform relocation off-the-coast of Terengganu. The execution of this first platform relocation in Malaysia involved a one-piece lift removal method of a wellhead platform equipped with suction piles (which is not a norm in Malaysia). After being removed from the decommissioned field, the platform was re-installed in the neighboring new field within 3 days, increasing execution efficiency. In conclusion, MPM aspires to proliferate reuse and repurposing in the decommissioning space going forward. Disused assets may be reused at the same location or alternate locations as deemed fit, with potential repurposing in renewable energy generation, aqua-farming, offshore research centre and eco-tourism, to name a few. Having a shared vision, promoting collaborative synergies as well as adopting new technologies are key success factors to achieve sustainable development goals, cost-effective execution, and increased operations efficiency. MPM is confident that more key success factors will be unveiled over time. With the support from Operators and other solution partners, MPM will continue to be the enabler and shaper of safe and sustainable decommissioning in Malaysia.
- Government > Regional Government > Asia Government > Malaysia Government (1.00)
- Energy > Oil & Gas > Upstream (1.00)
- Management > Strategic Planning and Management > Benchmarking and performance indicators (1.00)
- Health, Safety, Environment & Sustainability > Sustainability/Social Responsibility > Sustainable development (1.00)
- Facilities Design, Construction and Operation > Facilities Decommissioning and Site Remediation (1.00)