latest news for layang FPSO project.. http://www.youroilandgasnews.com/nippon+eyeing+fpso+for+sarawak+development_98770.html

other O&G company such as MHB,SKPetro,daya,barakah is red currently..hope thhe closed green today..

today klci fall..but thhe stil green..usually thhe will down too if klci down unless sumthg good will be announce and people keep their share..just in my point of view..as we can see,buy transaction is.more than sell transaction..

for detail,visit this page- http://www.2b1stconsulting.com/jx-nippon-and-petronas-to-develop-malaysia-layang-offshore-sarawak/

JX Nippon and Petronas are now in discussion with TH Heavy Engineering (THHE) for this charter agreement but no decision are made yet so that the converted Layang FPSO should not be in operations in the Block SK10 before 2016.

- Petronas has shortlisted 8 major yard operators as well as the three key Malaysian players - Malaysia Marine Heavy Engineering, SapuraKencana Petroleum and TH Heavy Engineering - for the Baronia CPP contract. The shortlist also includes Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries, Singapore-based SMOE, Italy’s Saipem, McDermott and China’s Offshore Oil Engineering Company (COOEC).The eleventh bidder invited to the Baronia CPP race - Abu Dhabi-based National Petroleum Construction Company - is making its first entry into the Malaysian bid circuit. Bids are due in April 2014, with the award likely to be announced in mid-2014.

before the Lundin project,THHE has secured a few project worth estimated RM300million.Currently,new project Lundin and Sabah project increase the number of THHE's job.Based on the headlines,the Sabah project worth about RM250mil.so,at least THHE has about RM550million project + Lundin project(but the value not stated)..In my point of view,THHE has a very good prospect becoz in 2014 there will be increasing fabrication job orders(based on the headlines)… In addition, the turnkey project worth USD1billion is expected to be awarded by May 2014..the project is under US Based HESS, which is the 3 bidders are Hyundai Heavy Industries-Aker Solutions, Samsung Heavy Industries-Ranhill Worley-SapuraKencana Petroleum, and McDermott-TH Heavy Engineering (THHE)..

http://klse.i3investor.com/blogs/amresearch/44565.jsp

- For Technip Consultant (M) Sdn Bhd, the French-based group already has a strong relationship with Malaysia Marine & Heavy Engineering (MMHE) via its 8% equity stake in MMHE and multiple joint-ventures in Petronas’ projects. But the other 3 engineering companies- Perunding Ranhil Worley, RNZ and MMC Oil & Gas- do not have singular links with domestic fabrication yards. This means that they are likely to work with other fabricators such as SapuraKencana Petroleum and TH Heavy Engineering who have proven capabilities in engineering, procurement, construction and commissioning services.

viper88,you have link to the big player?your friend?

if im not mistaken,thheavy is bidding for the nosong FEED project...there are 3 bidder,MHB,SKPETRO n THH..i think there is no announcement regarding the project..and also,i read in an article talk about the vessel..when talk about vessel,thh has a fpso vessel and anytime thh may secure huge project related to the fpso..so,just be patient..thh,mhb n skpetro is in the same business..it is not impossible for thh become like mhb or skpetro..in my point of view..

skpetro secured t&i package c & d..where is the package E?i tought there are 5 packages to be award..

the awards of t&i is for package A,B,C,D & E?i noted that two packages is exclusive for local bidder..but package C,D & E is open to international player..if the package C,D & E is still not announce i think there is still chance for mcdermott..if not,lets wait for the FEED project..

hehe..im waiting the nosong gas development project..

Q. What jobs are you bidding for…with the FPSO that is?

There’s another one now (he declines to elaborate), then there’s a couple more that’s coming. There’s Bertam under Lundin, which will need an FPSO. If you read the FPSO congress, the FPSO market is going to grow 100% this year.

Good interview..the news is on june 2013..Bertam is in hand already..(http://www.kinibiz.com/print/28626)

10 October 2013

LUNDIN PETROLEUM RECEIVES PETRONAS APPROVAL FOR THE BERTAM FIELD DEVELOPMENT PLAN

Lundin Petroleum AB ("Lundin Petroleum") is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV has received approval for the Bertam Field Development Plan from PETRONAS. The Bertam field is the first development project operated by Lundin Petroleum in Malaysia.

The Bertam field is located in Block PM307, offshore Peninsular Malaysia. Lundin Malaysia BV as operator holds a 75% working interest and PETRONAS Carigali holds the remaining 25% working interest.

The Bertam field will be developed using a 20 slot Wellhead Platform adjacent to a spread moored FPSO in a water depth of 76 metres. The subsurface development concept consists of 14 horizontal wells completed with Electric Submersible Pumps (ESP's). The total gross capital investment associated with the Bertam field development, excluding any FPSO related costs, is estimated at approximately USD 400 million.

Ashley Heppenstall, President and CEO of Lundin Petroleum comments; "The approval from PETRONAS of the Bertam Field Development Plan is a major achievement for the South East Asia business. We have built an experienced project team with strong record of completing similar projects and are confident we have the capability to deliver this major project on schedule and on budget."(http://www.lundin-petroleum.com/Press/pr_malaysia_10-10-13_e.html)

The Bertam field will be developed using a 20 slot Wellhead Platform..waiting to know the value of the project..hope its really more than USD400mil..

if touch rm1.20,i think i will hold it to reach rm1.25 - rm1.30..coz rm1.20 is the upper limit price,if break the upper limit,will fly further base on my experience.

guys,just to confirm,do thh-mcdermott bid for the pan malaysia t&i project?i read in an article saying that thheavy bid the t&i package A..is that true?

lets see what will happen in 2nd session..

http://www.lundin-petroleum.com/Press/pr_malaysia_10-10-13_e.html...refer to this page,the cost of the project is usd400mil..
im also waiting for the Nosong gas project..maybe it is difficult to get the job but there r still have chance with mcdermott support..

if im not mistaken,the cost is around usd400mil(rm1.2b) but excluding the FPSO cost..

zamsaham,i agree that,but there r still chance for thh win the project..the bid is mcdermott-thh..refer this page to see the experience of mcdermott in FEED... http://www.mcdermott.com/projects/pages/default.aspx?k=FEED

there is another project bid by thhe-mcdermott..the Nosong Gas development..expect will announce end of 2013..can refer here... http://www.theedgemalaysia.com/business-news/259057-oag-expects-robust-contract-flow.html

http://petronas-carigali.rsspump.com/?key=201310241712ba.lundin-spend-us-400m-bertam-development...found here..usd400million(rm1.2b)

rm1 is quite low in my point of view..becoz if thh really win the contract,it worth about 3billion..triple of thh's mkt capital!!! for me thh may reach rm1.50-rm2..if secured the contract..

I heard about the contract for O&G to bid worth 20b.. is that true?

from may 2013 until today, daya already secured about 3 contract worth estimated rm 549million..i think daya is for long term..correct me if im wrong..

in addition people are focusing on other counter..such as ircb,sumatec,gpacket cos got rumours...

i think daya is climbing slowly..maybe takes time to reach the tp..but base on the fundamental, daya got potential to rise..but jump straight away,maybe difficult..in my opinion, based on chart, daya is climbing day by day..maybe slow compared to other counter..for me,this is good becoz contra player will not play with this counter..so price will not fall easily..just my point of view..

rm 1..come on..

touched 90cent..

I think thh is heading to rm1..

maybe will enter the 90cent zone..and go to rm1..just quess..

market down..

there are still lot of new project to be secured. THH wont let its new machine dont do anything.

Based on 5 years chart, ramunia dropped from rm1.70+ to 0.25cent(PN17). and stay low for a long time..now,in 2013, THHEAVY(b4 ramunia), start going up and support by TH and the billionaire, and they involved in O&G company. There r still a lot of new project will be offered and it is a good chance for THHEAVY to become the main player in O&G in future. So, in my point of view, this counter is for long term..

maybe can close above 95cent..just guess..

i think thheavy bid for the epcic offered by Petronas. Correct me if im wrong. Thank you.

the result for the epcic project suppose to be announce within this month.jus wait for the announcement..

price up with high volume..no news come out..so,mostly people are optimist about thheavy secured the project..

if thh secured more contract,especially the RSC.i will hold it until the end of this year..

im waiting for rm1..if no today,next week still have..hehe..

are we waiting for the project announcement???if thh secured the project,i think its price will go to rm2..

i think it may closed 40cent..just guess..

start moving now..hope can close above 38cent today..

how u know he is buying?no announcement..

looks like sycal may close higher today..

fresh uptrend and big reversal..b4 this it keep silent and start with a huge volume and high price..director also keep acquiring it..

ya..1mil share done with price above 90c..suddenly down maybe a panic selling..moreover the klci also down..but now heading to 90c..looks good...

i guess gadang will reach rm1 by this week..

i think Gadang will reach rm1.00 soon..