Jk’s digest 1 of September, 2011 – RM45 billion by Petronas
This is a belated birthday message and also belated message for Independence Day for Sabah on 31 August, and a timely message for Malaysia Day on 16 September.
I listed 7 points a few weeks ago about the announcement by Petronas to invest RM45 billions in Sabah which really looked too good to be real when it is believed that our fossil oil resources is near depleted as previously declared by the Petronas. I have yet to see what is the reserve of oil and gas in the sabah sector. Is RM45 billion a realistic figure or is it just another figure to mislead the voters in the fixed deposit state of Sabah? Is Sarawawk also getting a similar substantial amount of investment being another oil producing state? General Election 13 is schedule to be held anytime now as ‘illegal’ Najib is definitely due for a new mandate as the Prime Minister. General Elections has been largely rigged by the Election Commission.
We would be very lucky if RM4.5 billion or 10% of that amount is retained in Sabah. With meager amount of RM4.5 billion for a rising population, it is definitely too little to go around especially when prices of houses and consumer goods including basic foods have risen over the last few years for very much neglected Sabah for decades. I urge that there is a paradigm shift in national thinking so that much of this investment and the ensuing returns or revenue would be allocated to Sabah to bring appropriate relief for the hardcore poor, the poor, the low income and middle income groups in Sabah in both urban and rural areas. Otherwise, it would continue to oppress the downtrodden people of Sabah in some ways seen and unseen.
.The present system does not provide justice for people in Sabah, and RM45 billions may sound attractive over the next few years but in actually fact Sabah needs an immediate RM100 billion allocations to bring up the status of Sabah in line with the Peninsula Malaysia. Otherwise Sabah would fall further behind in the national context in every aspect of development and living scenario.
Who is to regulate this RM45 billion investment is properly implemented as we have seen many inflated deals in the national scams and these proposed projects then abandoned? We must not see this happening now.
A few more items for Malaysia Day 2011 will come in the next few days.
In a few words – We cannot leave this to the UMNO besieged in nightmare.
The task ahead for the IGGG is tough and I am prepared for that.
http://ge-2004-2008.blogspot.com/2009/01/in-defence-of-public-interest-appeal.html
http://fresh-air-in-iggg.blogspot.com/
http://malaysian-elections-2004.blogspot.com/
http://migs-sabah.blogspot.com/
God bless Malaysia for IGGG.
Joshua Y. C. Kong
Anti Illegal Governments – Federal and State.
PM of IGGG
Wednesday, August 31, 2011
RM45 billions can be a scam
Jk’s digest 1 of August, 2011 – RM45 billion by Petronas
Every one happy over the latest announcement by Petronas to invest RM45 billions in Sabah. It is indeed a rare announcement since 1976.
Before I write my birthday message on 23 August, 2011, I would like you to ponder on the following questions or comments:-
1. Why now for the ‘fixed deposit’ state after 47 years in Malaysia or 35 years since Petronas was formed? Please focus on the right issues now. Can this be another national scam like so many such as PKFZ?
2. Who are going to get the contracts mentioned in the news? Would those deals be negotiated for those cronies known and unknown?
3. Did my Police Reports on Petronas impact this mental change?
4. Would this RM45 billion be enough to improve Sabah with an extra high people in recent decades? Lets examine this.
5. What would this RM45 billions lead to in Sabah? The impact of such hot money which may not even remain in Sabah?
6. Can you really believe in the illegal Government? This is not politics but a reality.
7. Think about this as how much fund Sabah really need for the decent development in Sabah both urban and rural areas?
Meanwhile I hope to prepare the birthday message.
Thank you,
The task ahead for the IGGG is tough and I am prepared for that.
http://ge-2004-2008.blogspot.com/2009/01/in-defence-of-public-interest-appeal.html
http://fresh-air-in-iggg.blogspot.com/
http://malaysian-elections-2004.blogspot.com/
http://migs-sabah.blogspot.com/
God bless Malaysia for IGGG.
Joshua Y. C. Kong
Anti Illegal Governments – Federal and State.
PM of IGGG
Every one happy over the latest announcement by Petronas to invest RM45 billions in Sabah. It is indeed a rare announcement since 1976.
Before I write my birthday message on 23 August, 2011, I would like you to ponder on the following questions or comments:-
1. Why now for the ‘fixed deposit’ state after 47 years in Malaysia or 35 years since Petronas was formed? Please focus on the right issues now. Can this be another national scam like so many such as PKFZ?
2. Who are going to get the contracts mentioned in the news? Would those deals be negotiated for those cronies known and unknown?
3. Did my Police Reports on Petronas impact this mental change?
4. Would this RM45 billion be enough to improve Sabah with an extra high people in recent decades? Lets examine this.
5. What would this RM45 billions lead to in Sabah? The impact of such hot money which may not even remain in Sabah?
6. Can you really believe in the illegal Government? This is not politics but a reality.
7. Think about this as how much fund Sabah really need for the decent development in Sabah both urban and rural areas?
Meanwhile I hope to prepare the birthday message.
Thank you,
The task ahead for the IGGG is tough and I am prepared for that.
http://ge-2004-2008.blogspot.com/2009/01/in-defence-of-public-interest-appeal.html
http://fresh-air-in-iggg.blogspot.com/
http://malaysian-elections-2004.blogspot.com/
http://migs-sabah.blogspot.com/
God bless Malaysia for IGGG.
Joshua Y. C. Kong
Anti Illegal Governments – Federal and State.
PM of IGGG
Tuesday, May 17, 2011
KPOC to develop Kebabangan gas field
Tuesday May 17, 2011
KPOC to develop Kebabangan gas field
PETALING JAYA: Kebabangan Petroleum Operating Co Sdn Bhd (KPOC), which is 40% owned by Petronas Carigali Sdn Bhd, has made a final investment decision to develop the Kebabangan gas field, located offshore Sabah.
In a media statement issued yesterday, the company said its shareholders had made the call to develop the gas field located in water depths of 100m to 400m and was part of the Kebabangan cluster production sharing contract operated by KPOC.
The other shareholders of KPOC are ConocoPhillips Sabah Gas Ltd and Shell Energy Asia Ltd, both with a 30% equity in KPOC.
The project will include a 12-well, two-phase drilling campaign and the fabrication and installation of an integrated drilling/production platform with living quarters.
The integrated production platform will be located on the edge of the continental shelf in 140m of water and will have a design rate of 825 million standard cu ft per day of gas export capacity and 80,000 stock tank barrels per day of oil export capacity.
Oil and gas (O&G) will be exported via 135km of pipelines to the Petronas Carigalioperated Sabah Oil and Gas Terminal currently under construction at Kimanis, Sabah. First production is expected at the end of 2014.
“Our team is committed to delivering market leading performance in all aspects of the project with relentless focus on safety, quality, cost and schedule,” said KPOC general manager Kannan Annamalai.
The development of the Kebaban-gan gas field comes under the larger development of Sabah-Sarawak integrated O&G project by Petroliam Nasional Bhd, which aims to harness the O&G resources in the offshore areas of east Malaysia. The new O&G fields off the coast of Sabah that were earmarked included Gumusut/Kakap, Kinabalu Deep and East, Kebabangan and Malikai.
It was reported earlier this year that some RM13bil would be invested this year on exploration and development efforts on four deepwater projects, namely the Gumusut-Kakap, Kebabangan, Malikai and Jangas fields.
Meanwhile, Bernama reported that Shell Malaysia would invest RM5.1bil this year to upgrade and expand its upstream, midstream and downstream operations.
Chairman Anuar Taib said one of the projects was the development of the Gumusut field, offshore Sabah.
In a statement yesterday, Anuar said in preparation for this, Shell and its partners, would build South-East Asia's first floating production system (FPS) in Johor Baru.
“The FPS, which will sit in a water depth of approximately 1,200m, will have a capacity to process 135,000 barrels of oil equivalent per day, or the equivalent of one quarter of the nation's production,” he said.
Anuar said this was to complement the current four small fields offshore Sabah and some 80 retail stations in the state.
“Beyond Gumusut, we have decided to invest in the Kebabangan project that will deliver more gas to the Sabah domestic market. While Miri remains our key operational area for Shell upstream, Kota Kinabalu will see an increase in our presence,” he said.
http://biz.thestar.com.my/news/story.asp?file=/2011/5/17/business/8694417&sec=business
These articles would keep the concerned public aware of our development of our wealth
KPOC to develop Kebabangan gas field
PETALING JAYA: Kebabangan Petroleum Operating Co Sdn Bhd (KPOC), which is 40% owned by Petronas Carigali Sdn Bhd, has made a final investment decision to develop the Kebabangan gas field, located offshore Sabah.
In a media statement issued yesterday, the company said its shareholders had made the call to develop the gas field located in water depths of 100m to 400m and was part of the Kebabangan cluster production sharing contract operated by KPOC.
The other shareholders of KPOC are ConocoPhillips Sabah Gas Ltd and Shell Energy Asia Ltd, both with a 30% equity in KPOC.
The project will include a 12-well, two-phase drilling campaign and the fabrication and installation of an integrated drilling/production platform with living quarters.
The integrated production platform will be located on the edge of the continental shelf in 140m of water and will have a design rate of 825 million standard cu ft per day of gas export capacity and 80,000 stock tank barrels per day of oil export capacity.
Oil and gas (O&G) will be exported via 135km of pipelines to the Petronas Carigalioperated Sabah Oil and Gas Terminal currently under construction at Kimanis, Sabah. First production is expected at the end of 2014.
“Our team is committed to delivering market leading performance in all aspects of the project with relentless focus on safety, quality, cost and schedule,” said KPOC general manager Kannan Annamalai.
The development of the Kebaban-gan gas field comes under the larger development of Sabah-Sarawak integrated O&G project by Petroliam Nasional Bhd, which aims to harness the O&G resources in the offshore areas of east Malaysia. The new O&G fields off the coast of Sabah that were earmarked included Gumusut/Kakap, Kinabalu Deep and East, Kebabangan and Malikai.
It was reported earlier this year that some RM13bil would be invested this year on exploration and development efforts on four deepwater projects, namely the Gumusut-Kakap, Kebabangan, Malikai and Jangas fields.
Meanwhile, Bernama reported that Shell Malaysia would invest RM5.1bil this year to upgrade and expand its upstream, midstream and downstream operations.
Chairman Anuar Taib said one of the projects was the development of the Gumusut field, offshore Sabah.
In a statement yesterday, Anuar said in preparation for this, Shell and its partners, would build South-East Asia's first floating production system (FPS) in Johor Baru.
“The FPS, which will sit in a water depth of approximately 1,200m, will have a capacity to process 135,000 barrels of oil equivalent per day, or the equivalent of one quarter of the nation's production,” he said.
Anuar said this was to complement the current four small fields offshore Sabah and some 80 retail stations in the state.
“Beyond Gumusut, we have decided to invest in the Kebabangan project that will deliver more gas to the Sabah domestic market. While Miri remains our key operational area for Shell upstream, Kota Kinabalu will see an increase in our presence,” he said.
http://biz.thestar.com.my/news/story.asp?file=/2011/5/17/business/8694417&sec=business
These articles would keep the concerned public aware of our development of our wealth
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