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E-NEWSLETTER October 2014 VOLUME 13 e-NEWSLETTER INTERVIEW WITH CONTENTS Interview with Syed Feizal Syed 1 Mohammad SYED FEIZAL 1 Pengerang Independent Terminals SYED Carimin looks to raise RM66.8 million 3 in IPO, eyes November listing MPRC hosts inaugural University MOHAMMAD 4 Pavilion at Mogsec 2014 Chairman Ideal Jacobs (Malaysia) Corp to 4 venture into oil & gas & Senior Vice President, 6 Energy Law Talk Technip Malaysia Aberdeen Drilling International & Brunei 7 launches first regional training centre in Kuala Lumpur Kuala Lumpur recognised as Southeast 8 Asia’s first World Energy City 8 MPRC industry talk with Bahrain EDB 9 Upcoming oil & gas events 2014 Our aim is to nurture and strengthen PENGERANG relationships with local oil companies INDEPENDENT TERMINALS and national oil companies (NOCs) TO INVEST RM16 in the respective countries. BILLION MORE TO BOOST CAPACITY IN PENGERANG The Asia Pacific is on a firmer footing which is part of the Pengerang Integrated than it was 12 months ago, buoyed by a Petroleum Complex (PIPC), located in Pengerang Independent Terminals raft of stimulus packages announced by Malaysia’s southern state of Johor. Sdn Bhd (PITSB) announced governments—from China to India and plans to invest a further RM16 Malaysia—to boost economic growth In the interview, Syed Feizal was reflective billion over the next 15 years to and attract foreign investments. about the progress he has made in boost its petroleum and crude his new role as Chairman and SVP of storage capacity in Pengerang, With an improved outlook for Asia Technip in Malaysia & Brunei, and shared as part of a plan to one day rival Pacific—home to over 4.2 billion details about Technip’s growth strategy global hubs such as Rotterdam, people—energy consumption is set to in this region. He was forthcoming about Houston and Singapore. rise as well, putting Technip in Malaysia his company’s human-capital enhancing in an investment ‘sweet spot’ given the strategies, which are in line with MPRC’s A joint venture between oil and favourable economic and political climate aim to provide a steady flow of quality gas provider Dialog Group Bhd, in the region. human capital to the country’s O&G the Johor State Government and services and manufacturing industry. the world’s largest independent Technip’s Kuala Lumpur office has been storage provider Royal Vopak, kept busy with several O&G services Syed Feizal also articulated his views on PITSB has already invested RM2 projects in the past few months. In October, the global oil & gas industry, noting that billion in Phase 1A of its facilities Technip, in a joint venture with Fluor, was while he sees some consolidation within in the Pengerang Integrated awarded an engineering, procurement and the industry in the near term, his outlook Complex, which is part of the construction management contract for the for the sector had not fundamentally larger Pengerang Integrated PETRONAS Refinery and Petrochemical changed, despite the recent turbulence Petroleum Complex (PIPC). Integrated Development (RAPID) project, in the energy markets. Continue on page 2 Continue on page 2 2 MPRC e-Newsletter | October 2014 | VOLUME 13 Continued from page 1 INTERVIEW WITH SYED FEIZAL SYED MOHAMMAD SF: In this new role, my aim is for the company to expand the depth and breadth of our technological expertise, with the aim to engage in highly complex projects and upscale Technip’s technical performance. The goal is to enable Technip’s technology centre to be at par with global standards in terms of skills and to execute major deep-water, subsea projects and in particular, floating liquefied natural gas (LNGs) facilities, which we believe will assume a bigger role as more operators push further out offshore and require cost-effective gas monetization solutions. Technip Malaysia is the leader in floating LNG facilities and all execution of floating LNG facilities can be executed from Technip’s operational centre in Kuala Lumpur with our team of high-level experts who are equipped with specific skills set that are crucial to Below are key excerpts from the interview: SF: Myanmar is a country with huge complex projects. potential in terms of undiscovered MPRC: Mr. Syed Feizal, could you give MPRC: Technip is building the world’s reserves. [Myanmar is estimated to contain us a brief history of your career and first two floating LNG vessels that will 3.2 billion barrels of oil and 18 trillion as Technip’s chairman and senior vice be put to use in offshore Australia and in cubic feet (tcf) of natural gas reserves]. president for Malaysia? What are your Sarawak. Could you give us an update on Myanmar has large shallow and offshore key roles in showcasing the company’s the vessel-building progress? tracts that have seen little exploration, so technological capabilities? the recent award of 20 offshore shallow SF: There was a steel-cutting ceremony Syed Feizal (SF): My career at Technip to deep-water blocks is poised to be an for the hull of the PETRONAS floating began 27 years ago in 1988, where I exciting time for Myanmar. I think we LNG facility in June 2013, followed by the gained important experience in various will have a very good picture of what launch of the hull in 2013. I am happy to departments from project management Myanmar would be in two to three years’ say that both floating LNGs for Sarawak and procurement to tendering and finally time. Companies that are in Myanmar and offshore Australia are making good business development. But a large portion early enough will benefit hugely from progress. (Technip in Malaysia is executing of my career has been in the latter, heading the hydrocarbon reserves. I anticipate completely the Petronas FLNG project up the business development division in Myanmar to evolve into a highly dynamic and is supporting partly Shell Prelude Asia Pacific. I assumed my current role as and interesting market once its legal FLNG of which execution is led by Paris). SVP in April 2013 covering Malaysia and frameworks and cost of doing business MPRC: There is plenty of literature Brunei, and recently Myanmar, which is an improve. Myanmar has the critical mass, out there on shale gas. The Economic emerging market. thanks to its population of over 53 million Report 2014, which was announced in people and its proximity to Bangladesh. MPRC: Several oil and gas companies conjunction with the recent Budget seek to gain a toehold in Myanmar as MPRC: What are some of the challenges 2015, noted that shale gas will set a new well. What O&G opportunities do you you have faced in steering Technip order in the global oil trade. What does see emerging in Myanmar now? Malaysia towards its desired direction? this mean for Technip? Continue on page 3 Continued from page 1 PENGERANG INDEPENDENT TERMINALS TO INVEST RM16 BILLION MORE TO BOOST CAPACITY IN PENGERANG Dialog Group Executive Chairman and 8,000 jobs. “After 2020, PIPC will further PITSB Chairman Tan Sri Dr. Ngau Boon Keat contribute an additional RM48 billion said the consortium plans to invest RM6 to the country’s GNI and create 15,000 billion in the next five years and another more jobs,” he added. RM10 billion in the following 10 years. MPRC, which is mandated to transform Malaysian Prime Minister Yang Amat Malaysia into the Asia-Pacific region’s Prime Minister, Dato’ Sri Mohd Najib Razak officiating Berhormat Dato’ Sri Mohd Najib Abdul top oil & gas services and manufacturing the launch of Pengerang Independent Terminals flanked by Executive Chairman of DIALOG, Tan Sri Dr Razak noted that investments in Phase 1 hub, views PITSB’s decision as a Ngau Boon Keat; Datuk Seri Mohamed Khaled Nordin, alone of PIPC are expected to contribute to significant milestone in paving the way Chief Minister of Johor; Datuk Azalina Othman, Member of Parliament for Pengerang; and senior RM18.3 billion to Malaysia’s gross national towards this objective. management of DIALOG and Royal Vopak income (GNI) by 2020 and create over 3 MPRC e-Newsletter | October 2014 | VOLUME 13 Continued from page 2 INTERVIEW WITH SYED FEIZAL SYED MOHAMMAD SF: I believe any [new] source of MPRC: What are Technip’s vision and hydrocarbons and its eventual utilisation operational strategies in this region? is translated into a host of opportunities SF: Our aim is to nurture and strengthen for companies like Technip. There is room relationships with local oil companies for alternative sources of hydrocarbons, and national oil companies (NOCs) in the in view of rising global population and of respective countries. We’ve seen NOCs course, energy consumption. However, like Petrovietnam and PTT expanding as we have seen, methods of extracting beyond their borders, so it would be key new hydrocarbons may turn out to for us to nurture that relationship and be environmental or cost prohibitive. support their programmes, whether in So in times like these, companies like their home countries or overseas. That is CARIMIN LOOKS Technip can help oil companies address cost one of our key focus areas. I believe that challenges through better technologies, TO RAISE the Asia Pacific region is geared towards solutions and innovative approaches. higher economic per capita growth and RM66.8 MILLION MPRC: Between technology development in turn, consumption of energy. and human capital, which of these two IN IPO, EYES MPRC: As a well-known company, what are important to you? are the core values that your corporation NOVEMBER SF: Human capital ranks first, followed thrives on to get to where it is today? closely by technology. Bear in mind that SF: We have four core values, comprising LISTING it is the talent who seeks out innovative Doing the Right Thing, a broad term covering solutions, and it also comes back to the Carimin Petroleum Bhd, a leading sustainable development, reliability, safety, human talent to make further refinements to offshore oil and gas service and quality and more; Trusting the Team which any advanced technologies and solutions.
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