Petronas Carigali, JX Nippon Enter into Heads of Agreement for BIGST Cluster, Offshore Peninsular Malaysia
KUALA LUMPUR, 12 December 2022 – PETRONAS Carigali Sdn Bhd (PCSB) entered into a Heads of Agreement (HOA) with JX Nippon Oil & Gas Exploration Corporation (JX Nippon) on 5 December 2022 to collaborate in developing a joint proposal to monetise the gas potential within the Bujang, Inas, Guling, Sepat and Tujoh (BIGST) fields, located offshore Kerteh, Terengganu.
The BIGST opportunity was offered as part of Malaysia Bid Round (MBR) 2020, where it had received several proposals from interested parties. PCSB and JX Nippon were shortlisted based on the quality of their submissions and unique value propositions.
The business value proposition by PCSB and JX Nippon will form the basis towards the negotiation of the PSC for this cluster.
Signing the HOA on behalf of PCSB was its Chief Executive Officer, Hasliza Othman while JX Nippon was represented by its Managing Director, Chief Representative in Malaysia, Yasuto Ariga. The signing ceremony was witnessed by PETRONAS Senior Vice President of Malaysia Petroleum Management (MPM), Mohamed Firouz Asnan and Senior General Manager, Resource Development and Management, MPM, Aidil Shabudin.
Aidil said, “The gas supply from BIGST fields is important for Peninsular Malaysia’s energy security given the significant potential that exists within the cluster. Carbon capture and storage (CCS) technology will be key solutions in monetising the fields since these fields contain high carbon dioxide (CO2) and will be the first CCS project in Peninsular Malaysia.”
The BIGST cluster will also be the catalyst that is expected to spur the development of other high contaminant fields in Peninsular Malaysia which was not possible prior to this, due to the lack of complete CO2 handling infrastructure.
“PCSB is expected to bring to the table its capability in developing CCS projects building on its recent experience on Kasawari CCS, that was sanctioned recently. PETRONAS would move closer towards its aspiration of achieving Net Zero Carbon Emissions (NZCE) by 2050 through these carbon reduction solutions,” he added.
Ad blocker detected: Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.
[Malaysia] Bujang, Inas, Guling, Sepat and Tujoh (BIGST) fields
-
- Site Admin
- Posts: 3221
- Joined: Sat Aug 29, 2020 5:40 am
- Location: Singapore
- Contact:
Jump to
- OIL AND GAS
- OIL AND GAS INDUSTRY
- ↳ Financial Results
- ↳ Market News
- ↳ Energy Outlook
- ↳ Petroleum Economics and Energy Policy
- ↳ Health, Safety and Environment
- SHIPPING, PORTS & LOGISTICS
- ↳ Shipping
- ↳ Ports & Terminals
- OIL AND GAS UPSTREAM
- ↳ Seismic, G&G
- ↳ Exploration
- ↳ Drilling & Completion
- ↳ Field Development
- ↳ Subsea Construction & Engineering
- ↳ Decommissioning
- ↳ Field Enhanced Recovery
- ↳ Offshore Services
- OIL AND GAS MIDSTREAM
- ↳ Pipelines and Subsea Pipelines
- ↳ LNG Terminals
- ↳ Marketing & Trading
- OIL AND GAS DOWNSTREAM
- ↳ Petrochemicals and Refineries Plants
- ↳ Marketing & Distribution
- ↳ Marine Terminals
- ↳ LNG to Power
- OIL AND GAS PROJECTS & ASSETS
- ↳ North America
- ↳ Central America
- ↳ South America
- ↳ Barents Sea, Norwegian Sea and Russia
- ↳ North Sea
- ↳ West Africa
- ↳ East Africa
- ↳ North Africa, Mediterranean Sea, Black Sea and Caspian
- ↳ Middle East and the Persian/Arabian Gulf
- ↳ South Asia
- ↳ South East Asia
- ↳ Australia and New Zealand
- ↳ South China Sea
- ↳ East Asia
- OIL AND GAS TECHNOLOGY
- ↳ FPSO, FPU, FSO, FDPSO, FSRU, FLNG, Jack-Up, Drilling Rigs
- ↳ FPSO/FSO/FPU contracts
- ↳ Altera Infrastructure (Teekay Offshore)
- ↳ BW Offshore
- ↳ SBM Offshore
- ↳ MODEC
- ↳ Yinson
- ↳ Bumi Armada
- ↳ MISC Berhad
- ↳ Rubicon Offshore
- ↳ Samsung Heavy Industries
- ↳ Hanwha Ocean (fka. DSME)
- ↳ Sembcorp Marine
- ↳ Keppel Offshore & Marine
- ↳ Saipem
- ↳ Bluewater
- ↳ CIMC Raffles
- ↳ KSOE
- ↳ TechnipEnergies
- ↳ CNPC/CPOE
- ↳ MTC Group
- ↳ Drydocks World Dubai
- ↳ Omni Offshore
- ↳ Euronav
- ↳ STX Corporation
- ↳ Petrofac
- ↳ Maersk FPSO
- ↳ COSCO
- ↳ Estaleiros do Brasil Ltda
- ↳ EMAS Offshore
- ↳ COOEC
- ↳ Drilling Rigs Contracts
- ↳ Valaris
- ↳ Transocean
- ↳ Borr Drilling
- ↳ Diamond Offshore
- ↳ Maersk Drilling
- ↳ Seadrill
- ↳ COSL Drilling
- ↳ Noble Drilling
- ↳ ARO Drilling
- ↳ Stena Drilling
- ↳ Northern Drilling
- ↳ Awilco Drilling
- ↳ PV Drilling
- ↳ Odfjell Drilling
- ↳ Shelf Drilling
- ↳ Grupo R
- ↳ Japan Drilling Company
- ↳ Vantage Drilling
- ↳ Bluewhale Offshore
- ↳ Northern Offshore
- ↳ Dolphin Drilling
- ↳ Velesto Energy
- ↳ Türkiye Petrolleri Anonim Ortaklığı (TPAO)
- ↳ Jindall Drilling
- ↳ Northern Ocean
- ↳ Island Drilling
- ↳ Saipem
- ↳ CPOE
- ↳ GSP Offshore
- ↳ ADES
- ↳ Arabian Drilling
- ↳ ADNOC Drilling
- ↳ Ocyan SA
- ↳ OC Offshore
- ↳ Eldorado Drilling
- ↳ Support/Construction/Offshore Vessels
- ↳ DOF Subsea
- ↳ ALP
- ↳ Subsea 7
- ↳ MCDERMOTT
- ↳ POSH
- ↳ Prosafe
- ↳ Floatel
- ↳ Saipem
- ↳ Tidewater
- ↳ Boskalis
- ↳ Siem Offshore
- ↳ OOS International
- ↳ Maersk Supply Service
- ↳ Rig Designs
- ↳ FPSO Designs
- ↳ FLNG, FSRU, FCSU Designs
- ↳ MODEC
- ↳ Technip Energies
- ↳ JGC
- ↳ Sevan SSP
- ↳ GTT
- ↳ Samsung Heavy Industries
- ↳ Bumi Armada
- ↳ DSME
- ↳ Wison Offshore
- ↳ FLNG, FSRU contracts
- ↳ Golar LNG
- ↳ Höegh LNG
- ↳ Excelerate Energy
- ↳ BOTAŞ Petroleum Pipeline Corporation (BOTAS)
- ↳ Samsung Heavy Industries
- ↳ Saipem
- ↳ Sembcorp Marine
- ↳ BW LNG
- ↳ DSME
- ↳ Dynagas
- ↳ MOL
- ↳ Wison Offshore
- ↳ Energos Infrastructure
- ↳ Subsea Engineering
- ↳ Turrets and Moorings
- ↳ SOFEC
- ↳ Bluewater
- ↳ SBM Offshore
- ↳ NOV APL
- ↳ DELMAR
- ↳ Remazel Engineering
- ↳ Seasystems
- ↳ London Marine Consultants
- ↳ Havfram
- ↳ Drilling, Work-over and Intervention
- ↳ Drilling, Work Over, Intervention, and P&A contracts
- ↳ Helix Energy Solutions
- ↳ Drilling Equipment and System contracts
- ↳ Zero Carbon
- ↳ Process / Packages
- ↳ Digital Technology
- ↳ Other Technology
- ↳ EPCI
- ↳ Asset Lifecycle
- ↳ Marine
- OIL AND GAS JOBS
- ↳ Job Agent: Submit your CV!
- ↳ Offshore Production (FPSO, FSO, FPU, Offshore Platforms)
- ↳ Drilling (Oil Rigs, Land Rigs)
- ↳ EPC Project Management (Fabrication Yards)
- ↳ Petrochemicals and Refineries
- ↳ Tankers & Shipping
- ↳ Onshore
- OIL AND GAS LIFE
- ↳ Jobs & Careers - For a better future
- ↳ Learning Hub - All Technical Stuffs
- ↳ Global Citizen - The World is your Oyster
- ↳ North Sea Stories
- ↳ Offshore Norge
- ↳ Middle East Stories
- ↳ Brazil Stories
- ↳ South-East Asia Stories
- ↳ Drilling Rigs
- ↳ FPSOs
Who is online
Users browsing this forum: No registered users and 1 guest