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thomas lloyd

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
Daisuke Chiyoko

Opportunities in gas and oil jobs heating up Westhill Consulting & Employment - 1 views

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    Want a career with political, environmental, and economic implications that makes a difference to whether people eat, keep warm and are able to be mobile? A career with no boundaries internationally, that could take you to work on a North Sea rig, Azerbaijan or the South China Sea, especially in areas such as KL Malaysia and Jakarta Indonesia. A market that is changing shape all the time? An end product that is affected by war zones such as Libya? A job that will have you working alongside talented people from different countries of the world? A product for which there will always be a demand, until it runs out? Look no further than oil and gas. Energy give a country independence and power on the world's political and economic stage. Working in the gas and oil industry is an exciting choice and a career with longevity. Energy is an emotive topic because of nuclear power, oil spills and their effect on the environment and the price of petrol at the pumps. There are obviously environmental complaints. There is a shortage of skilled workers, so in a world of high unrig, the world is your oyster. However, watch out for scams. This career guide has been created exclusively for The Telegraph and shares market trends, job trends and tips for a successful career in oil and gas. For more information: http://westhillconsulting-career.com/ http://www.westhillconsulting-career.com/blog/
thomas lloyd

The Amadeus Basin re - 1 views

The Amadeus Basin region, which is rich with gas and oil deposits, is already the site of test drilling by Santos at Mount Kitty. Drilling at this site, 179km from Uluru, has been suspended follow...

New front opens in the Northern Territory Westhill Consulting Career and Employment

started by thomas lloyd on 23 May 14 no follow-up yet
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