PETRONAS Widens Talent Search, Offers Overseas Graduates Sponsorships
The dynamic PETRONAS E&P sector helped the company achieve a 5.8 percent increase in petroleum production in 2012 to 2.127 million barrels of oil equivalent per day (MMboepd), compared to the previous year’s 2.01 MMboepd. New production from Iraq’s Garraf and Majnoon fields last August and October, respectively together with first oil from Malaysia’s Balai field as well as the Kapal, Banang & Merantai (KBM) Cluster fields in late 2013 also contributed to the increase.
With PETRONAS expected to be engaged in more upstream projects in Malaysia and around the world, the availability of appropriate staffing would be needed to ensure operational efficiency.
In its downstream sector, PETRONAS operates three oil refineries in Malaysia and one in South Africa, while holding stakes in a few local petrochemical plants. The company’s April 4 announcement on the approval of a Final Investment Decision (FID) to develop the 6,242-acre Pengerang Integrated Complex (PIC) in southern Johor, Malaysia, is likely to increase demand for skilled workers to operate the project that is scheduled to commence operations in 2019.
The PIC project comprises a world scale Refinery and Petrochemical Integrated Development (RAPID), with a capacity of 300,000 barrels-per-day and 7.7 million tons per annum, respectively, including associated facilities. RAPID’s development cost is estimated at around $16 billion while investment in the associated facilities is expected to reach around $11 billion.
“In its operational stage, the PIC will require 4,000 employees,” the Malaysian NOC said in its statement.
Industry Skill Sets Required
Recruiting suitable skilled employees has been a major priority for Asia’s oil and gas industry since this could impact directly on growth in the sector. Skills shortages and/or aging workforce was ranked after operating costs as the second most critical barrier to the industry’s growth in the region this year, Norway’s DNV GL pointed out in its “Challenging Climates: The Outlook for the Oil and Gas Industry in 2014” report.
1234
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Malaysia's InvestKL Woos Top Oil, Gas MNCs to Base in Kuala Lumpur
- Petrobangla Invites EOIs for 3 Offshore Exploration Blocks in Bay of Bengal
- Malaysia's SapuraKencana Posts 7.1% Gain in 2Q FY17 PAT to $27M
- TH Heavy Engineering, McDermott End Partnership in Malaysia
- Singapore's NUS Slowly Builds its Petroleum Engineering Program
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension