Page 10 - GLNG Week 11 2022

GLNG ASIA GLNG

OceanMight wins contract for

Malaysia’s offshore Jerun gas field

PROJECTS & MALAYSIA’S OceanMight has been awarded The platform’s topsides will weigh about 15,000
COMPANIES a contract to provide equipment and services tonnes, the jacket roughly 10,000 tonnes and the
at the Jerun oilfield in the SK408 block offshore piles around 5,000 tonnes.
Sarawak by Malaysia Marine & Heavy Engineer- The Jerun field is anticipated to enter ser-
ing (MMHE). vice in 2024 and will produce up to 500mn
According to OceanMight’s parent company, cubic feet (14.2mn cubic metres) per day of
KKB Engineering, the scope of work under the gas. Output will be sent to Petronas’ Bintulu
contract’s terms covers the provision of fabrica- LNG complex to use as feedstock. Petronas is
tion engineering, supervision, manpower, equip- relying on the development and commercial-
ment and tools and consumables for the “piles isation of Jerun and other gas fields offshore
fabrication, loadout and sail away” of the Jerun Sarawak – including Pegaga, Kasawari and
A CPP jacket. Lang Lebah – over the next 3-5 years to boost
The contract began in February this year and its LNG exports.
is due to be completed by February 2023. KKB SapuraOMV operates Block SK408 with a
did not specify the value of the contract, but local 40% interest, while Shell and Petronas Carigali
media reported that it was worth MYR23.7mn each hold 30% stakes in the block.
($5.7mn). There are several other gas discoveries within
MMHE was awarded the main contract, the block that SapuraOMV – a joint venture
worth MYR1bn ($238mn), to build the central between Malaysia’s Sapura Energy and Austria’s
processing platform for the Jerun field in April OMV – is developing. The joint venture achieved
2021. As of the end of December, MMHE had first production from the block in 2020 with the
completed 17% of the work under that contract. start-up of the Larak gas field.™

Pakistan, Russia reportedly close

to agreement on Pakistan Stream

PIPELINES & PAKISTAN and Russia are close to finalis- alternative for us or we’ll go ahead with this deal
TRANSPORT ing a plan to build the Pakistan Stream pipe- … This is the best alternative as of now, and this
line, media reported this week. However, the was obviously done before Ukraine.”
South Asian country will have to proceed The pipeline would be built by a collection of
with caution, given the severity of current Russian companies and is expected to cost more
sanctions against Russia as its war on Ukraine than $2bn – and potentially $3bn by some esti-
continues. mates. Media have cited government officials as
Pakistani Minister for Finance and Reve- attributing the project’s escalating costs to the
nues Shaukat Tarin told various media outlets rising price of steel and other products in the
The pipeline would in recent days that Islamabad and Moscow had international market.
carry gas that arrives in broadly agreed to move forward with Pakistan Pakistani Prime Minister Imran Khan has
Karachi on the southern Stream, which is also known as the North-South said he wants to remain neutral when it comes
coast as LNG to power project. The pipeline would actually run in the to the war in Ukraine, and visited Russia on the
plants in Punjab opposite direction from what the name suggests, same day the invasion started in February. Tarin
Province. transporting gas that arrives in Karachi on the said he hoped Russian officials would soon visit
southern coast as LNG to power plants in Punjab Pakistan to finalise the deal for the pipeline fol-
Province in the country’s north-east. lowing Khan’s visit to Moscow.
“We need a gas pipeline to transport LNG However, international pressure to isolate
from south to north. That’ll become almost Moscow economically means that Pakistan
essential for us in the next two or three years,” risks straining its relationship with Western
Tarin told the Financial Times. “Either there’s an countries.™

P10 www. NEWSBASE .com Week 11 18•March•2022