INTRODUCTION TO OIL & GAS:
14 FEBRUARY 2017 | PACIFIC REGENCY HOTEL SUITES, KUALA LUMPUR
by Ahmad Fariz Azhar
*** HRDF CLAIMABLE ***
The petroleum industry includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing petroleum products. The upstream sector, or more commonly known as Exploration & Production (E&P) is more focus in searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently drilling and operating the wells that recover and bring the crude oil and/or raw natural gas to the surface.
In the current challenging landscape of oil & gas industry, it is so vital that everyone who involve directly or indirectly with the industry to understand and appreciate the life-cycle of an oilfield. This course gives an overall picture of industry-specific functionality together with an appreciation of the challenges to produce hydrocarbons and an understanding of where the different job roles are involved.
At the end of the day, the delegates will have an understanding of each upstream phases from exploration to decommissioning. Delegates also will gain an appreciation of the geological, technical and economic aspects of the industry, features of the onshore and offshore environments, as well as the exploration, development and production phases. The course offers an invaluable opportunity to understand the key characteristics and global context of Malaysia’s oil and gas industry, and come to grips with its key concepts and terminology.
WHO SHOULD ATTEND?
• Employees new to the industry
• Government policy-makers
• Professionals and advisors
• Members of the community seeking a basic understanding of the industry
• Businesses intending to enter the industry
The course is intensive but will make an effective use of delegates’ time.
Click HERE for the complete brochure and registration form.
MODULE 1 : Introduction to Oil & Gas
MODULE 2 : Exploration Activities
MODULE 3 : Drilling Operation
MODULE 4 : Oil & Gas Field Development
MODULE 5 : Producing Hydrocarbon and Production Facilities
MODULE 6 : Decommissioning the Facilities
CONSULTANT : MR. AHMAD FARIZ AZHAR
Ahmad Fariz Azhar has extensive experience in the oil and gas industry. Currently he is a training consultant specializing in upstream activities and project management. He is experienced with offshore drilling operation specializing in Measurement & Logging While Drilling (MLWD) with and was heavily involved with the execution phase of the job where Safety & Service Quality are mandatory. Throughout his career in offshore drilling, he had involved with exploration and development drilling campaign with various E&P Operators in Malaysia.
Fariz was also experienced in managing the engineering and business development aspect in the oil & gas specialty oilfield chemicals specializing in the Production Chemicals and Completion & Workover Chemicals. He also had experience in Project Management related to Petroleum Engineering Project such as Area Development Plan (ADP) and Seismic Data Processing & Seismic Interpretation. Knowledgeable on different working cultures as have working experience locally (Malaysia) and internationally (Thailand, Myanmar, Vietnam, Brunei, Singapore, UAE, US, and UK).
IN HOUSE TRAINING
We can cater to your training needs and bring the course to your place at your own convenient dates. Contact us for more details and package.
For more information & Registration, contact us @ MOGEC!
Contact Person : Khasmah / Hidayah
Tel :+ 03-2181 3153
We appreciate if you could forward to your colleague who might be interested.
Thank you for your time!
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The Permian is in desperate need of pipelines. That much is true. There is so much shale liquids sloshing underneath the Permian formation in Texas and New Mexico, that even though it has already upended global crude market and turned the USA into the world’s largest crude producer, there is still so much of it trapped inland, unable to make the 800km journey to the Gulf Coast that would take them to the big wider world.
The stakes are high. Even though the US is poised to reach some 12 mmb/d of crude oil production next year – more than half of that coming from shale oil formations – it could be producing a lot more. This has already caused the Brent-WTI spread to widen to a constant US$10/b since mid-2018 – when the Permian’s pipeline bottlenecks first became critical – from an average of US$4/b prior to that. It is even more dramatic in the Permian itself, where crude is selling at a US$10-16/b discount to Houston WTI, with trends pointing to the spread going as wide as US$20/b soon. Estimates suggest that a record 3,722 wells were drilled in the Permian this year but never opened because the oil could not be brought to market. This is part of the reason why the US active rig count hasn’t increased as much as would have been expected when crude prices were trending towards US$80/b – there’s no point in drilling if you can’t sell.
Assistance is on the way. Between now and 2020, estimates suggest that some 2.6 mmb/d of pipeline capacity across several projects will come onstream, with an additional 1 mmb/d in the planning stages. Add this to the existing 3.1 mmb/d of takeaway capacity (and 300,000 b/d of local refining) and Permian shale oil output currently dammed away by a wall of fixed capacity could double in size when freed to make it to market.
And more pipelines keep getting announced. In the last two weeks, Jupiter Energy Group announced a 90-day open season seeking binding commitments for a planned 1 mmb/d, 1050km long Jupiter Pipeline – which could connect the Permian to all three of Texas’ deepwater ports, Houston, Corpus Christi and Brownsville. Plains All American is launching its 500,000 b/d Sunrise Pipeline, connecting the Permian to Cushing, Oklahoma. Wolf Midstream has also launched an open season, seeking interest for its 120,000 b/d Red Wolf Crude Connector branch, connecting to its existing terminal and infrastructure in Colorado City.
Current estimates suggest that Permian output numbered around 3.5 mmb/d in October. At maximum capacity, that’s still about 100,000 b/d of shale oil trapped inland. As planned pipelines come online over the next two years, that trickle could turn into a flood. Consider this. Even at the current maxing out of Permian infrastructure, the US is already on the cusp on 12 mmb/d crude production. By 2021, it could go as high as 15 mmb/d – crude prices, permitting, of course.
As recently reported in the WSJ; “For years, the companies behind the U.S. oil-and-gas boom, including Noble Energy Inc. and Whiting Petroleum Corp. have promised shareholders they have thousands of prospective wells they can drill profitably even at $40 a barrel. Some have even said they can generate returns on investment of 30%. But most shale drillers haven’t made much, if any, money at those prices. From 2012 to 2017, the 30 biggest shale producers lost more than $50 billion. Last year, when oil prices averaged about $50 a barrel, the group as a whole was barely in the black, with profits of about $1.7 billion, or roughly 1.3% of revenue, according to FactSet.”
The immense growth experienced in the Permian has consequences for the entire oil supply chain, from refining balances – shale oil is more suitable for lighter ends like gasoline, but the world is heading for a gasoline glut and is more interested in cracking gasoil for the IMO’s strict marine fuels sulphur levels coming up in 2020 – to geopolitics, by diminishing OPEC’s power and particularly Saudi Arabia’s role as a swing producer. For now, the walls keeping a Permian flood in are still standing. In two years, they won’t, with new pipeline infrastructure in place. And so the oil world has two years to prepare for the coming tsunami, but only if crude prices stay on course.
Recent Announced Permian Pipeline Projects
Headline crude prices for the week beginning 3 December 2018 – Brent: US$61/b; WTI: US$52/b
Headlines of the week
The engine oil market has grown up around 10 to 12% in the last three years because of various reasons, mostly because of the rise of automobiles.
According to the Bangladesh Road Transport Authority (BRTA), the number of registered petrol and diesel-powered vehicles is 3,663,189 units.
The number of automotive vehicles has increased by 2.5 times in the last eight years.
The demand for engine oils will rise keeping pace with the increasing automotive vehicles, with an expected 3% yearly growths.
Mostly, for this reason, the annual lubricant consumption raised over 14% growth for the last four years. Now its current demand is around 160 million tonnes.
The overall lubricants demand has increased also for the growth of the power sector, which has created a special market for industrial lubricants oil.
The lubricants oil market size for industries has doubled in the last five years due to the establishment of a number of power plants across the country.
The demand for industrial oil will continue to rise at least for the next 15 years, as the quick rental power plants need a huge quantity of lube oil to run.
The industries account for 30% of the total lubricant consumption; however, it is expected to take over 35% of the overall demand in the next 10 years.
Mobil is the market leader with 27% market share; however, market insiders say that around 70% market shares belong to various brands altogether, which is still undefined.
It is already flooded with many global and local brands.