Dear Friends,
OGSE BULL RUN TIER ONE STOCKS HAVE THEIR BULL RUN TIME REGISTERING RISES FROM 100% TO 400% LIKE CARIMIN, DAYANG, UZMA & PENERGY
NOW COMES THE SECOND WAVE BULL RUN TIME FOR OGSE SUPPORT LIKE DESTINI & T7 GLOBAL
THESE TWO WILL NOW JOIN IN THE OGSE BULL RUN AS BOTH RECEIVED 5 YEAR CONTRACT FOR WELL INTERVENTION, WORKOVER & DECOMMISSIONING JOBS
SEE
T7 GLOBAL
IT WON THIS RECENT PROJECT
T7 GLOBAL BERHAD |
Type | Announcement |
Subject | OTHERS |
Description |
T7 Global Berhad ("the Company" or "T7 Global") - Letter of Award for the provision of integrated well services for intervention, workover and abandonment for petroleum arrangement contractors from PETRONAS Carigali Sdn Bhd. |
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. |
VALUE AND DURATION OF THE CONTRACT The duration of the Contract is for a period of five (5) years, commencing from 20 September 2019 to 19 September 2024. The Contract value shall be as per work order request, which is at the full discretion of the PACs.
Petronas has discovered a total of 163 oil fields and 216 gas fields
THERE ARE A COMBINED TOTAL OF 379 OIL AND GAS FIELDS IN WEST MALAYSIA, SABAH AND SARAWAK
SO BEING A VENDOR FOR OGSE SINCE TANJUNG OFFSHORE DAYS T7 GLOBAL HAS BEEN AWARDED THIS 5 YEAR WELL INTERVENTION, WORKOVER & DECOMMISSIONING UMBRELLA JOB
UZMA WAS GIVEN 22 DECOMMISIONING JOBS BUT T7 GLOBAL IS GETTING A HIGHER PAYING JOB IN WORKOVER
WHAT IS THE DIFFERENCE BETWEEN WORKOVER AND DECOMMISSIONING JOBS?
THE ANSWER IS THIS
A) IN DECOMMISIONNING THE OIL WELL OR OIL PLATFORM HAS TOTALLY RUN OUT OF ITS USEFUL LIFE. SO THEY MIGHT BE DISMANTLED AND OIL WELL PLUGGED
B) IN WORKOVER THERE IS STILL OIL INSIDE THE WELL. SO THEY INTERVENE TO DO OVERHAUL AND REPAIR THE WELL AND GET OIL FLOWING AGAIN.
AS SUCH THIS JOB IS MORE PROFITABLE THAN JUST DECOMMISSIONING & ABANDONMENT OF OIL WELL
SINCE IT IS A 5 YEAR PERIOD COVERING HUNDREDS OF OIL & GAS WELL THE PROFITS MIGHT MATCH CARIMIN AND PENERGY
SO T7 GLOBAL AT 48.5 SEN IS STILL VERY UNDERVALUE
Calvin has a one year Target Price for T7 Gloobal at Rm1.00 (See if it will overtake Uzma)
T7 Global has been a profitable company thru the bleak years like Uzma
DESTINI
DESTINI HAS ALSO WON A SIMILAR PROJECT LIKE T7 GLOBAL
WHEN PETRONAS RECRUITED TIER ONE OGSE THEY CHOSE 5 TO DO SIMILAR JOBS IN TOP-SIDE MAINTAINENCE
SO IT IS NO SURPRISE THAT PETRONAS ALSO CHOSE THESE TWO TO DO OIL WELL WORKOVER AS WELL AS VELESTO
See
DESTINI BERHAD |
Type | Announcement | ||
Subject | OTHERS | ||
Description |
DESTINI BERHAD ("DESTINI" OR "COMPANY") LETTER OF AWARD FROM PETRONAS CARIGALI SDN BHD FOR THE PAN MALAYSIA UMBRELLA CONTRACT FOR THE PROVISION OF INTEGRATED WELL SERVICES FOR INTERVENTION, WORKOVER & ABANDONMENT FOR PETROLEUM ARRANGEMENT CONTRACTORS. |
||
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.
(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-$305,000The 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-$247,000Offshore 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-$239,000High 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-$188,000Subsea 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-$183,000Well-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-$170,000Tanker 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-$155,000Marine 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-$150,000The 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
SEE HOW INSIDERS OF DESTINI BUY
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
|
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 29, 2024
Created by calvintaneng | Aug 28, 2024
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
calvintaneng
Short term market sentiment dictates price
LONGER TERM VALUE TAKES OVER
WITH 5 YEAR WORKOVER JOB OF HIGH PROFIT IT WILL APPEAR IN BALANCE SHEETS
PRICE WILL READJUST UPWARD ACCORDINGLY
2019-11-08 13:36