LISTED PROJECT OF OIL AND GAS INDUSTRY

1. Carimin in 2-year topside maintenance deal with Lundin

(Malaysia)

Carimin Petroleums subsidiary, Carimin Engineering Services Sdn. Bhd.

(CES), has received a letter of award from Lundin Malaysia B.V. for the
provision of topside major maintenance (TMM), offshore Malaysia.
According to the company, the letter was received on July 8, 2015.
The company adds that the total value of the contract will depend on the
actual work orders to be issued by Lundin from time to time during the
contract period.
The contract which started on July 8, 2015 will be effective for two years
until 2017 and it has an option for a further one-year extension.
CES is required to provide topside maintenance services based on work
order issuance basis for Lundins Wellhead Platform (WHP) and Floating
Production Storage and Offloading (FPSO) unit in Bertam offshore oil field.
The Bertam field is located offshore Peninsular Malaysia on Block PM307
and was initially discovered in 1995 by the Bertam-1 well drilled by
Petronas Carigali. PM307 was acquired by Lundin Petroleums wholly
owned subsidiary Lundin Malaysia in 2011.
First oil from the Bertam field started in April 2015 with production from
four pre-drilled wells. The remaining production wells will be drilled
sequentially and put on-stream through the remainder of 2015.

2. Petronas flows first oil from Tembikai

Malaysias Petronas has achieved first oil from the Tembikai field, offshore
Malaysia, under the Tembikai-Chenang Cluster small field Risk Service
Contract (RSC).
The field, located offshore Peninsular Malaysia, in a water depth of
approximately 70 metres, is being developed and operated by VESTIGO
Petroleum Sdn Bhd a company established in 2013 and wholly-owned by
PETRONAS Carigali Sdn Bhd.
According to Petronas, this achievement from Tembikai-Chenang Cluster
marks the fourth RSC which has achieved first production after the KapalBanang-Meranti (KBM) Cluster, Balai Cluster and Berantai RSCs.
In announcing the projects first oil, PETRONAS Vice President of Malaysia
Petroleum Management, En. Muhammad Zamri Jusoh said, Tembikai is
the first small field RSC that has been successfully executed by a
PETRONAS Carigalis wholly-owned subsidiary. This achievement marks
another significant milestone for PETRONAS in its journey to monetize and
add value to small and stranded oil fields despite the challenges currently
faced by the industry.
The scope of Tembikai Oil project includes the installation of a Central
Processing Platform (CPP) connected to a Floating Storage and Offloading
(FSO) vessel via a flexible subsea pipeline. The CPP utilizes the Seahorse
light weight structure and, according to Petronas, it is the first to be
installed in Southeast Asia.
Chief Executive Officer of VESTIGO, Keith Collins said, We are pleased
with this momentous achievement in the development and production of
small and marginal fields where we managed to deliver the project within
the budget and ahead of schedule.
Currently Tembikai production is only from one well and two more
production wells are currently being drilled. Upon completion, the three
wells are expected to achieve peak production of about 2,000 barrels of oil
per day (bopd).
Apart from Tembikai, PETRONAS has five other RSCs, namely Berantai,
Balai Cluster, KBM Cluster, Tanjong Baram and Ophir. Berantai and KBM
are currently in production whilst Ophir being the latest RSC awarded is in
its early stage of development.