OIL & GAS COMMITTEE

The EUMCCI Oil & Gas committee is new and drafting the 2009 workplan will be the focus of the inaugural meeting to launch the committee.  The committee will provide a platform for members to discuss and lobby industry issues as well as focus on the following topics:

• Manpower sourcing and training

• Cooperation: EU - Environmental initiatives

• Upstream: Deepwater & Marginal Fields

• To promote Malaysia as an Oil & Gas Deepwater Hub

VISION: 

To be the central, focal point for all issues related to the oil and gas industry in Malaysia.

We will accomplish this vision through the following mission:

• To be a centre of debate to identify and prioritize key issues in the Oil / Gas Industry.

• To be a forum to facilitate business, discuss and propose an environment to improve the business conditions.

• To be a channel to raise issues to Government authorities to create a clear and transparent relationship with Malaysian Government and to build up a lobbying tool for the European companies to improve interrelation and communication with Petronas and subsidiaries.

Head of the Oil & Gas Committee:  Mr Robert Jaimond (Business Line Manager, Aramis Management Sdn Bhd)

Deputy Heads:  Mr Luis Ochoa (Anchor Chain Sinar Malaysia Sdn Bhd)

OIL & GAS BLOG:
Come check out the latest updates on the new EUMCCI Oil and Gas Committee Blog here.

TPC training programme ppt presentation


MINUTES:
For minutes from previous meetings, please check the archive here.

COMMITTEE NEWS:
2010 position paper - Click here

IPA in Jakarta: remarks from President Boediono - Click here

Contracting with Brunei LNG - Click here

NEXT COMMITTEE MEETING:   2 September 2010 @ 09:00 am
VENUE:   EUMCCI's office

Networking with the world LP Gas Association

MORE INFO:
Despite new offshore developments, the Energy Information Association (EIA) forecasts that Malaysia's oil production will decline over the next two years. As of January 2007, Malaysia held proven oil reserves of 3.0 billion barrels, down from a peak of 4.6 billion barrels in 1996. The majority of the country's oil reserves are located off the coast of peninsular Malaysia, and tends to be of high quality. Several new oil production projects have come online during the last few years, although Malaysia's oil output declined somewhat in 2006. The average production for 2006 stood at 798,000 barrels per day (bbl/d), down 7% from the 2005 levels. In 2006, Malaysia consumed an estimated 515,000 bbl/d of oil, with net exports of about 283,000 bbl/d.

In Malaysia, the national oil company, Petronas dominates upstream and downstream activities in the country's oil sector.  Petronas is the only remaining wholly state-owned enterprise in Malaysia and is the single - largest contributor of government revenues. Petronas holds the exclusive ownership rights to all exploration and production projects in Malaysia, and all foreign and private owned companies must operate through Production Sharing Contracts (PSCs) with the national oil company. All energy policy in Malaysia is crafted and overseen by the Economic Planning Unit (EPU) and the Implementation and Coordination Unit (ICU), which report directly to the Prime Minister. In March of 2004, the Ministry of Energy, Water and Communications was formed to regulate the energy and electricity sectors, although this body does not have policymaking powers.

Malaysia's new oil production projects include the Kikeh block, the country's first deepwater oil and natural gas discovery. The Shell - operated Gumusut / Kakap deepwater fields are scheduled to begin production in 2010, possibly reaching 150,000 bbl/d by 2011.  Shell also expects to begin oil production at the deepwater Malikai field by 2012, although no production timetable has been set.

Source: http://www.eia.doe.gov/

THE COMMITTEE MEMBERS: