DELEUM BHD
KLSE (MYR): DELEUM (5132)
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Last Price
1.49
Today's Change
+0.05 (3.47%)
Day's Change
1.41 - 1.52
Trading Volume
662,200
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Posted by probability > 2020-05-09 13:57 | Report Abuse
Southeast Asia braces for huge wave of decommissioning
......................................................
09/12/2019
https://www.energyvoice.com/oilandgas/asia/213619/southeast-asia-braces-for-huge-wave-of-decommissioning/
More than 200 offshore fields are expected to stop producing in Southeast Asia by 2030 with total decommissioning costs estimated to range from $30 billion to as much as $100 billion.
Petronas seeks priced information for decommissioning works
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https://connect.ihsmarkit.com/upstream-insight/article/phoenix/1475433/petronas-seeks-priced-information-for-decommissioning-works
Petronas is understood to have issued a RFI (request for information) related to potential decommissioning programmes offshore Malaysia.
In January 2018, it was reported Petronas had plans for a decommissioning programme over a five-year period between 2018 and 2023. The operator was understood to have planned a work scope that covered some 26 structures and around 200 wellheads that had been identified for decommission over the timeframe.
O&G decommissioning works in big demand
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03 Jul 2019
https://www.thestar.com.my/business/business-news/2019/07/03/og-decommissioning-works-in-big-demand
PETALING JAYA: As more oil and gas (O&G) fields in Malaysia and the region approach the end of their lifespan, the demand for decommissioning works is set to surge.
The value of decommissioning contracts in the region, over the next three years, is expected to reach up to RM6bil, according to estimates by industry players.
In its 2019-2021 activity outlook, Petronas noted the requirement for 50, 40 and 60 well abandonment for the local fields in 2019, 2020 and 2021, as well as the need for the dismantling of several platforms or facilities.
“Activities are expected to intensify as considerable assets have been operating beyond 40 years,” Petronas said in the report.
According to UOB Kay Hian, other indirect beneficiaries from well abandonment works are DAYANG ENTERPRISE HOLDINGS BHD, Petra Energy Bhd, Icon Offshore Bhd, Perdana Petroleum Bhd and DELEUM BHD
PETRONAS Activity Outlook 2020 - 2022:
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https://www.petronas.com/ws/sites/default/files/downloads/PETRONAS-Activity-Outlook-2020-2022.pdf
refer page 56