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Southeast Asia Rig Market Challenge - 1 views

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    By 25 active operators in Southeast Asia with 46 rigs, the contracting conditions have been challenging due to the collapse in crude oil prices while exploration and production spending have pressured both utilization and day rates in the region INTRODUCTION Southeast Asia is rich with hydrocarbon resources. The region is made up of Brunei, Burma, Cambodia, Timor-Leste, Jakarta Indonesia, Laos, Malaysia, Papua New Guinea, Singapore, Thailand, and Vietnam. According to Shell, the Indonesia oil industry and what subsequently became Royal Dutch Shell are closely connected. Shell discovered commercial quantities of crude oil in Sumatra just over 100 years ago. Moreover, Shell was the first to bring a drilling rig to the region and the first to discover oil off of Brunei in 1958. Today there are about 25 operators active in Southeast Asia with 46 rigs (Jack Ups, Semis and Drillships) currently contracted. Forty one of the contracted rigs are drilling, and five are waiting on location or in shipyards. In addition to the rigs that are contracted in the region, there are eight cold stacked units, nine ready stacked units, and one unit in the shipyard without a contract for a total supply of 64 rigs. Thus, total utilization in the region is 72% and ready utilization is 84%. While indications are that Jack-Up Market fundamentals have begun to stabilize. Southeast Asia only has eight semisubmersibles actively drilling in its waters (one other is contracted but not currently working). Four are off Malaysia, two are off Vietnam, one is off the Jakarta Peninsula, and another is off Myanmar. However, the drilling Jack Up count is significantly higher at 31 (four others are contracted but not currently working). Malaysia has the highest Jack Up count at twelve, followed by Vietnam with seven, Thailand with five, Indonesia with four, Brunei Darussalam with two, and East Timor with one. There are also two Drill ships working in the region. One is off Malaysia and the other is of
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Seizing opportunities for South East Asia's oil and gas industry - 1 views

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    http://www.westhillconsulting-career.com/blog/2014/03/17/seizing-opportunities-south-east-asias-oil-gas-industry/ Since 2010, South-East asia has consolidated its position as an important contributor to the global downstream market with Petronas' recent announcement of its plan to build the new RAPID facility in Malaysia one further example of the region's growing importance. In reality the timing couldn't be better - as populations across asia continue to grow, the demand for fuel will grow exponentially, offering oil & gas operators a real opportunity to make a significant contribution to the region's continued economic development. However, with this growing demand comes additional pressures, and with the sector still vulnerable to fluctuating oil prices, operators can ill-afford to rest on their laurels. The need to ensure their operations are as productive as possible and that cost inefficiencies are stripped out from the very outset, is arguably more important than ever before. Minimizing operational costs When it comes to new projects oil & gas operators have traditionally been good at minimizing their CAPEX spend. However, there has been much less focus given to limiting the cost of operation of their assets. With maintenance costs typically responsible for 20-30% of the overall OPEX expenditure, this is one area where the downstream sector in South-East asia is increasingly focusing its attention. According to some analysts the costs incurred across the globe in maintaining the next generation of oil & gas assets could equate to $0.75 trillion highlighting the scale of the prize that could be on offer here. For a typical refinery the operational expenditure is principally dictated by three prime factors: the quantum of work carried out on the asset, the efficiency at which it can be delivered and the agreed cost rate of the resource used. In each instance there is an opportunity to significantly reduce cost outlay by focusing on a range of inter
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Misconceptions about Teaching Abroad - 1 views

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    by Diane Jacoutot of Teachanywhere.com Fallacy #1: I will be teaching English as a foreign language Not necessarily. Whilst there are a number of English Language schools that exist solely to teach English language to non-native English speakers, there is a very large and important category of schools that teach a full curriculum of all subjects. These schools, known as international schools, use various curricula such as the US, UK, Canadian, Australian and International Baccalaureate and teach all subjects in English. Whilst some of the pupils may not be native English speakers, they are still expected to learn all or most subjects such as Maths, Science, Geography, Art and Physical Education, in English. In fact, a TEFL (teaching English as a Foreign Language) certificate is not required to work in International schools. They require approximately the same qualifications you would need to teach at home in a state-funded school. Fallacy #2: I can teach anywhere I want Teachers wishing to work overseas must meet regulations on two very different levels - teacher certification and immigration. Many teachers think that because they are qualified to teach at home, they can teach abroad and this is not always true. Each country has rules and requirements for the required training and experience and they might not match with your home country. For instance, teachers in South Africa without a 3 or 4 year teaching diploma will likely not be able to teach in the UAE. British Special Needs teachers without a university degree or certificate in Special Needs cannot teach Special Needs students in the Middle East or Asia. In Thailand and China, teachers must have 2 years of experience to teach at all at international schools. And teachers without a teacher training degree such as a Bachelors of Education, Masters of Education, Higher Diploma in Education or Post Graduate Certificate in Education, can usually only work in English Language (TEFL) schools, not in Internati
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What You Need To Know: Westhill Consulting Career and Employment Tips - 1 views

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    https://www.facebook.com/permalink.php?story_fbid=616670385079430&id=496648630414940&stream_ref=10 It might start with Bali. That seems to be the entry point for many people into South-East Asia, their first taste of this incredible part of the world. You drink a few Bintangs, laugh at five people on a scooter, enjoy the food, get a little feel for the atmosphere - that mix of crazy and traditional, chaos and peace, commercialism and religion - and you're hooked. So for those wanting to extend their South-East Asian experience, to get more out of it than the Western enclaves of Kuta, this is your guide. First bit of advice: don't be afraid. You've probably heard some scams of dodgy goings on in South-East Asia, of protests in Thailand, of land mines in Cambodia, of scary roads in Vietnam and military juntas in Myanmar - but you're really not in that much danger. Don't, in general take minor complaints to the police as this will usually end up with you paying more than you have lost. While the chance of finding yourself in the wrong place at the wrong time does exist, in general South-East Asian countries are incredibly friendly places, and mostly quite safe. You'll be met with smiles rather than machine guns. You'll be treated with respect. For more details check this out: http://www.westhillconsulting-career.com/blog/ https://www.facebook.com/pages/Westhill-Consulting-Employment/496648630414940 http://westhillconsulting-career.quora.com/
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South-East Asia beginners: what you need to know By Ben Groundwater - 1 views

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    It might start with Bali. That seems to be the entry point for many people into South-East Asia, their first taste of this incredible part of the world. You drink a few Bintangs, laugh at five people on a scooter, enjoy the food, get a little feel for the atmosphere - that mix of crazy and traditional, chaos and peace, commercialism and religion - and you're hooked. So for those wanting to extend their South-East Asian experience, to get more out of it than the Western enclaves of Kuta, this is your guide. First bit of advice: don't be afraid. You've probably heard some scams of dodgy goings on in South-East Asia, of protests in Thailand, of land mines in Cambodia, of scary roads in Vietnam and military juntas in Myanmar - but you're really not in that much danger. Don't, in general take minor complaints to the police as this will usually end up with you paying more than you have lost. While the chance of finding yourself in the wrong place at the wrong time does exist, in general South-East Asian countries are incredibly friendly places, and mostly quite safe. You'll be met with smiles rather than machine guns. You'll be treated with respect. If this is your first trip to South-East Asia, you're probably wondering where to go. Do you relax on a beach in Thailand? Or hit up Angkor Wat? Do you go island-hopping in Halong Bay? Or temple-hopping in Luang Prabang? It's a tough decision, but with a few weeks you can cover a lot of ground. Budget airlines mean it's possible to skip from place to place by air, to go from Hanoi to Siem Reap to Phuket to KL and Jakarta all in a regular-sized holiday from work. Of course this leaves little time for cultural immersion, but if your priority is to see the big attractions then you can do it all on a reasonable budget. Independent travel is simple in South-East Asia, with extensive networks of buses and trains which needn't be booked in advance. These buses and trains range from the comfortable to the hellish - t
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