The Board of Directors of T7 Global wishes to announce that Tanjung Offshore Services Sdn. Bhd. (“TOS”), a wholly-owned subsidiary of the Company had received the letter of award dated 20 September 2019 from PETRONAS Carigali Sdn. Bhd. for the provision of integrated well services for intervention, workover and abandonment for petroleum arrangement contractors.

 

Please refer to the attached file for details of the announcement.

 

This announcement is dated 22 October 2019.

The Board of Directors of Destini is pleased to announce that Destini Oil Services Sdn Bhd (“DOS”), a wholly-owned subsidiary of Destini, had on 20 September 2019 received a Letter of Award from PETRONAS Carigali Sdn Bhd (“PCSB”) for the Pan Malaysia Umbrella Contract for the Provision of Integrated Well Services for Intervention, Workover & Abandonment for Petroleum Arrangement Contractors (PACs) (“Contract”).

 

Further details of the Contract are set out in the attachment below.

 

This Announcement is dated 9 October 2019.

(i) The contract to be executed between PCSB and DOS pursuant to the Letter of Award shall commence on 20 September 2019 and shall expire on 19 September 2024 (5 years) , unless extended or terminated in accordance with the terms and conditions of the Contract;

 

NOTE: THE AWARD IS ALMOST IDENTICAL TO THE AWARD GIVEN TO T7 GLOBAL

 

AND BOTH HAVING HIUGH PROFIT WORKOVER JOBS

IN FACT WORKOVER JOBS COMMAND AMONG THE TOP 10 HIGHEST PAYING JOBS IN O&G INDUSTRIES

 

SEE

The 10 most lucrative offshore platform jobs

 

Oil and gas professionals working on offshore platforms draw good wages as their work not only demands a long time spent away from the coast but is also physically and mentally challenging. Offshore-technology.com lists the most lucrative offshore platform-related jobs in the oil and gas industry, based on currently available salary data.

Offshore drilling consultants – $143,000-$305,000

The salary of a drilling consultant working offshore ranges from $143,000 to as much as $305,000 a year, making it the most lucrative job on an offshore platform.

Drilling consultants supervise the daily operations of the rig and provide advice and consultation on several drilling issues. They coordinate with onshore supervisors and convey orders to on-site personnel to optimise rig production. They are also responsible for ordering new supplies and equipment, as well as maintaining the required number of workers on the platform at any point in time.

Offshore installation managers –

$174,000-$247,000

Offshore installation managers (OIM), who occupy a senior position on an offshore platform, typically earn an annual salary between $174,000 and $247,000.

OIMs manage all the offshore activities on the platform and ensure that production is performed according to rules and regulations. They are trained to handle emergencies and are responsible for the health, safety and wellbeing of the workers on board. They also oversee the work and training of all platform personnel, as well as ensure the timely maintenance and repair of equipment.

Production / maintenance supervisor –

$108,000-$239,000

High entry pay levels for production and maintenance supervisors are upwards of $108,000 and increase to $239,000 for experienced personnel, making it one of the most lucrative on an offshore platform.

Production and maintenance supervisors are responsible for ensuring that the production plant and the mechanical and electrical equipment function efficiently to meet the production targets.

They also manage the activities of the production and maintenance technicians, coordinate with engineers and the offshore installation manager, and liaise with onshore engineers to solve production and maintenance issues.

Subsea / chemical process engineers –

$75,000-$188,000

Subsea engineers and chemical process engineers, the most highly paid engineers on an offshore platform, earn between $75,000 and $188,000 a year.

Subsea engineers design and install equipment, tools and infrastructure required for offshore oil and gas production, as well as administer the installation of wellheads on the seabed and the pipelines that connect them to the platform.

Process engineers are responsible for designing and constructing the facilities and equipment involved in the processing and production of oil and gas. They also plan the maintenance and improvement of the equipment and take part in risk assessments.

Reservoir engineers/ Drilling engineers –

$73,000-$184,000

 

Reservoir engineers and drilling engineers are paid approximately $73,000 to $184,000 a year. These professionals use geological data to determine the distribution of oil and gas reserves in the reservoir and create simulation models to predict the flow of fluid through rocks to ultimately develop economically viable plans to extract them.

Drilling engineers plan, develop and oversee the drilling operations of oil and gas wells. They contribute throughout the lifecycle of a well, from the design stage to testing, completion and abandonment. They also plan and administer the budgets of drilling operations.

Geologists – $65,000-$183,000

Well-trained and experienced geologists and geophysicists, who conduct seismic surveys and analyse the data to locate new deposits, are paid between $65,000 and $183,000 per annum in the offshore oil and gas industry.

They examine the properties of a prospective reservoir or field and assess the geological risks associated with it. They build geological models and plan the development of the exploration wells. They are required to spend time on offshore oil production platforms to perform test drilling and maximise the oil or gas production from a field.

Workover or completion staff –

USD$56k - USD$181,000 (Rm750k)

 

The starting salary of completion or workover staff is approximately $56,000 per annum while engineers and managers among them are paid as much as $181,000 a year. Workover or completion staff is responsible for preparing the wells for production and fixing any problems with active wells.

They implement and execute well construction according to the design standards and specifications. They are also required to troubleshoot operational and technical issues relating to the completion and workover process. Experienced professionals analyse completion or workover performance and recommend equipment or procedural changes.

NOTE: IF JUST EMPLOYING ONE STAFF AT RM750,000 SALARY PER YYEAR THEN HOW MUCH WILL THEY CHARGE?

IN COMPARISION; THE ENTIRE SALARY OF MBSB BANK DIRECTORS TOTALLED RM800,000 A YEAR ONLY.

THAT MEANS THAT OIL & GAS WORKOVER WILL GET REVENUE BY THE BILLIONS!

 

Tanker captain – $75,000-$170,000

Tanker captains are responsible for navigating large container vessels that carry oil and gas from offshore platforms to port facilities and are paid salaries ranging from $75,000 to $170,000 a year.

Their scope of work includes plotting the safest and most direct route between the offshore rig and mainland port facility and manoeuvring the vessel to avoid dangerous situations. They are responsible for the management and safety of the vessel at sea, as well as supervise cargo unloading at the port.

Marine engineers – $70,000-$155,000

Marine engineers working on offshore platforms earn between $70,000 and $155,000 a year and are responsible for designing, installing and maintaining marine engineering systems on the platforms.

Marine engineers plan, design, and construct offshore rigs, pipelines and equipment. They also repair and conduct environmental, operational, or performance tests on marine machinery and equipment such as remotely operated vehicles and drillships. They manage the lifecycle of the project and oversee maintenance tasks on the plant and machinery.

Divers / helicopter pilots –

$75,000-$150,000

The salary of commercial divers and helicopter pilots working in the oil and gas industry ranges between $75,000 and $150,000 a year. Experienced divers support the construction, inspection and maintenance of offshore platforms and are involved in activities such as underwater welding, repair and cleaning of subsea installations, pipelines and structures.

Helicopter pilots transport personnel and cargo between offshore platforms and assist in geological surveying. They also fly injured or ill workers to onshore medical facilities during emergency air ambulance missions.

 

FROM THE ABOVE WE CAN SEE THE SALARY RANGE OF A WORKOVER OIL ENGINEER COMMAND A YEARLY PAY FROM RM200,000 TO OVER RM500,000

 

SO THE JOB WILL BE VERY HIGH PROFITS FOR BOTH DESTINI AN T7 GLOBAL

WELL DECOMMISIONING JOB OR DISMANTLING JOB IS NOT IN TOP 10

UZMA WAS GIVEN 22 DECOMMISSIONING OIL WELLS

BUT UMBRELLA JOBS COVER OVER 300 OIL AND GAS WELLS

 

I PHONED T7 GLOBAL OFFICE AND SPOKE TO OFFICER ENCIK ZULKIFLI

I ASKED HIM WHY BOTH T7 GLOBAL AND DESTINI ARE GIVEN SIMILAR JOBS?

AND THIS WAS HIS ANSWER:

PETRONAS APPOINT OGSE SUPPORT VENDORS LIKE T7 GLOBAL TOGETHER WITH DESTINI AS WELL AS OTHER OIL ENTITIES

AND AMONG THE OIL WELLS THAT NEED WORKOVER JOBS PETRONAS WILL THEN ASK THEM TO SUBMIT BIDS.

THEN ONLY KNOW WHO WILL WIN OR BE SELECTED ON CALL OUT PIECE-MEAL BASIS FOR THE NEXT 5 YEARS

THAT MEANS THAT AMONG 3,700 LISTED & UNLISTED OGSE SUPPORT T7 GLOBAL & DESTINI ARE BOTH CHOSEN

LANDING THESE JOBS ARE LIKE HITTING A HUGH JACKPOT!! THEY RUN INTO THE BILLIONS IN REVENUE

SURPRISING THING IS MARKET IS UNAWARE AND BOTH DESTINI AND T7 GLOBAL ARE STILL OVERLOOKED

HENCEFORTH CALVIN TELL HIS FRIENDS TO BUY UP DESTINI AND T7 GLOBAL WHILE OTHERS ARE CHASING VELESTO AT SUCH LOFTY PRICES ALREADY!

BUT INSIDERS/DIRECTORS OF BOTH DESTINI AND T7 GLOBAL KNOW THE DEEP HIDDEN VALUE

THEREFORE THEY HAVE BEEN BUYING AND BUYING

 

THIS SINGLE INTERVENTION INTO OIL WELL FOR WORKOVER AND DECOMMISSIONING WILLL NOW CHANGE THE FORTUNES OF BOTH T7 GLOBAL & DESTINI LIKE NEVER BEFORE

FEW PEOPLE ARE AWARE AS OF NOW ITS IMMENSE FUTURE PROFITS

ONLY INSIDERS OF T7 GLOBAL AND DESTINI ARE AWARE

 

SEE HOW DIRECTORS OF T7 GLOBAL BUY

TAN SRI DATUK SERI TAN KEAN SOON	20-Sep-2019	Acquired	55,000	0.455
TAN SRI DATUK SERI TAN KEAN SOON	19-Sep-2019	Acquired	25,000	0.460
TAN SRI DATUK SERI TAN KEAN SOON	18-Sep-2019	Acquired	78,000	0.460
TAN SRI DATUK SERI TAN KEAN SOON	17-Sep-2019	Acquired	153,000	0.470
TAN SRI DATUK SERI TAN KEAN SOON	13-Sep-2019	Acquired	79,000	0.455
TAN SRI DATUK SERI TAN KEAN SOON	10-Sep-2019	Acquired	204,000	0.460
TAN SRI DATUK SERI TAN KEAN SOON	06-Sep-2019	Acquired	47,000	0.460
TAN SRI DATUK SERI TAN KEAN SOON	05-Sep-2019	Acquired	144,000	0.460
DATUK SERI DR. NIK NORZRUL THANI BIN N. HASSAN THANI	29-Aug-2019	Acquired	5,000	0.465
TAN SRI DATUK SERI TAN KEAN SOON	29-Aug-2019	Acquired	119,000	0.464
TAN SRI DATUK SERI TAN KEAN SOON	22-Jul-2019	Acquired	14,000	0.500
ADMIRAL (R) TAN SRI DATO' SERI PANGLIMA AHMAD KAMARULZAMAN BIN HJ AHMAD BADARUDDIN	18-Jul-2019	Acquired	215,000	0.460
TAN SRI DATUK SERI TAN KEAN SOON	18-Jul-2019	Acquired	615,000	0.470
TAN SRI DATUK SERI TAN KEAN SOON	17-Jul-2019	Acquired	78,000	0.480
TAN SRI DATUK SERI TAN KEAN SOON	16-Jul-2019	Acquired	376,000	0.490
TAN SRI DATUK SERI TAN KEAN SOON	15-Jul-2019	Acquired	77,000	0.480
TAN SRI DATUK SERI TAN KEAN SOON	12-Jul-2019	Acquired	121,300	0.49

 

TAN KAY VIN	07-Mar-2018	Acquired	1,166,000	0.575
TAN SRI DATUK SERI TAN KEAN SOON	07-Mar-2018	Others	1,506,500	-
DATUK SERI DR. NIK NORZRUL THANI BIN NIK HASSAN THANI	18-Jan-2018	Acquired	1,403,000	0.494

 

 

 

 

SEE HOW INSIDERS OF DESTINI BUY

 

DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	04-Oct-2019	Acquired	5,000	0.190
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	02-Oct-2019	Acquired	51,000	0.185
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	27-Sep-2019	Acquired	500,000	0.195
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	25-Sep-2019	Acquired	400,000	0.194
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	24-Sep-2019	Acquired	200,000	0.195
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	23-Sep-2019	Acquired	50,000	0.205
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	20-Sep-2019	Acquired	81,000	0.205
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	18-Sep-2019	Acquired	50,000	0.215
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	11-Sep-2019	Acquired	145,200	0.220
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	11-Sep-2019	Others	96,000,333	-
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	10-Sep-2019	Acquired	90,000	0.216
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	06-Sep-2019	Acquired	150,000	0.215
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	05-Sep-2019	Acquired	50,000	0.215
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	04-Sep-2019	Acquired	200,000	0.213
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	29-Aug-2019	Acquired	100,000	0.220

 

DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	06-May-2019	Acquired	12,900	0.285
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	18-Apr-2019	Acquired	300,000	0.270
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	16-Apr-2019	Acquired	100,000	0.285
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN	15-Apr-2019	Acquired	304,400	0.295

 

 

 

LAST TIME CARIMIN DIRECTORS ALSO BOUGHT WHEN CHEAP. NOW DIRECTORS OF CARIMIN ARE SELLING

COULD IT BE THAT CARIMIN DIRECTORS AS WELL AS UZMA DIRECTORS ARE NOW SEEING DWINDLING JOB ORDERS FROM PETRONAS AS JOBS ARE NOW BEING DISTRIBUTED TO TIER TWO SUBCONTRACTORS OF OGSE?

 

 

BEST REGARDS

 

Calvin Tan Research

Singapore

 

Please buy or sell after doing your own due diligence

 

379 OIL WELLS AND GAS WELLS WILL KEEP T7 GLOBAL AND DESTINI VERY VERY BUSY FOR THE NEXT 5 YEARS

 

 

WELL WORKOVER COMMAND VERY HIGH PROFIT