Post on 30-Nov-2015
PETRONAS
PETRONAS was incorporated on 17 August 1974 as the national oil company of Malaysia, vested with the entire ownership and control of the petroleum resources in the country. It has since grown from merely being the manager and regulator of Malaysia’s upstream sector into a fully integrated oil and gas corporation, ranked among the FORTUNE Global 500® largest corporations in the world.
Over the years, we have gained unique experience and expertise in nation building and this, coupled with our technical and operational competencies have allowed PETRONAS to be increasingly accepted as the preferred strategic partner by international companies and the host countries where we operate. This augurs well for the realisation of our vision to become a “Leading Oil and Gas Multinational of Choice".
Much of PETRONAS’ success can be attributed to our ability to strike a balance between being a state-owned entity and a full-fledged commercial organisation. As a state-owned entity, PETRONAS is responsible for the effective management of Malaysia’s oil and gas resources, to add value to this national asset and to ensure the orderly and sustainable development of the nation’s petroleum industry. As a business entity, we conduct our operations in a prudent and commercially oriented manner to compete effectively in the increasingly challenging global business environment, while maximising returns to our shareholders.
With a proven track record in integrated petroleum operations on our home ground, we embarked on a strategic globalisation programme in the early 1990s to augment Malaysia’s crude oil and gas reserves, add value to our core business and provide exciting new challenges for our young employees.
PETRONAS is the national oil and gas company of Malaysia and is wholly-owned by the Government of Malaysia. Together with its subsidiaries and associated companies, PETRONAS, a FORTUNE Global 500® company, has fully integrated oil and gas operations in a broad spectrum of the oil and gas value-chain. Its business activities include (i) the exploration, development and production of crude oil and natural gas in Malaysia and overseas; (ii) the liquefaction, sale and transportation of LNG; (iii) the processing and transmission of natural gas and the sale of natural gas products; (iv) the refining and marketing of petroleum products; (v) the manufacture and sale of petrochemical products; (vi) the trading of crude oil, petroleum products and petrochemical products; and (vii) shipping and logistics relating to LNG, crude oil and petroleum products. PETRONAS strives to contribute to the well-being of the people and nations wherever it operates by developing and adding value to oil and gas resources in a manner that carefully balances commercial, environmental and social considerations.
Exploration & Production Business
As custodian of Malaysia’s oil and gas resources, PETRONAS is entrusted with the responsibility to develop and add value to the nation’s hydrocarbon resources. In the early years, PETRONAS focused its efforts on managing the production sharing contractors who were exploring Malaysian acreages, but PETRONAS soon saw the need to take on a bigger and more proactive role in augmenting the nation’s oil and gas reserves. PETRONAS has also reintensified efforts to strengthen Malaysia’s upstream industry through the enhancement of fiscal terms and the introduction of new petroleum solutions, leveraging on the Government’s new tax incentives.
Through its Exploration & Production (E&P) subsidiary, PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), PETRONAS has developed capability as a hands-on operator with a track record of successful oil and gas developments. PETRONAS Carigali works alongside a number of petroleum multinational corporations through Production Sharing Contracts (PSCs) to explore, develop and produce oil and gas in Malaysia. Abroad, PETRONAS continues to strengthen its position by securing new acreages while undertaking various development projects. The Petroleum Management Unit of PETRONAS acts as resource owner and manager of Malaysia’s domestic oil and gas assets. It manages the optimal exploitation of hydrocarbon resources and enhances the prospectivity of domestic acreages to attract investment and protect the national interest. One of the key drivers of its business growth is deepwater E&P, with many positive prospects emerging in Malaysian acreages.
PETRONAS continues to harness and develop new technologies to maximise opportunities and further strengthen its capabilities as part of its ongoing efforts to become a leading global E&P player.
Gas & Power
PETRONAS’ Gas & Power Business aspires to be a leading integrated gas, liquefied natural gas (LNG) and power player. To create greater focus in these core areas of growth, the business has been structured and streamlined into two major portfolios; Global LNG business and Infrastructure, Utilities & Power business.
Global LNG
PETRONAS’ global LNG business comprises the production and sale of LNG through its domestic operations in Bintulu, Sarawak (PETRONAS LNG Complex) and overseas operations in Egypt (Egyptian LNG). PETRONAS operates one of the world’s largest LNG facilities in Bintulu, Sarawak, which consists of three plants, MLNG, LNG Dua and MLNG Tiga, with a combined capacity of 24 million tonnes per annum.
PETRONAS is also involved in LNG and energy trading activities through its marketing arms in Malaysia and Europe (PETRONAS LNG Ltd and PETRONAS Energy Trading Ltd).
At present, PETRONAS commands a sizeable LNG market share in the Far East. Over the years, PETRONAS has sustained its market position and preserved its reputation as a reliable supplier of LNG, having sold more than 7,000 cargoes since the establishment of its first LNG plant in 1983.
As a global LNG player, PETRONAS is determined to defend its significant traditional Far East market and seize opportunities on the growing spot market, while continuing to grow its LNG presence in the Atlantic basin.
PETRONAS is also establishing its foothold in European energy trading, which includes electricity and carbon trading.
Infrastructure, Utilities & Power
PETRONAS’ Infrastructure, Utilities & Power business focuses its efforts towards ensuring long term security and sustainability of the gas market in Malaysia and expanding its portfolio of infrastructure and power positions in high growth markets. The business is leveraging on its widely respected operational excellence and sustainable energy developments. PETRONAS, through its majority-owned subsidiary, PETRONAS Gas Berhad (PGB), operates the Peninsular Gas Utilisation (PGU) system, comprising six processing plants and approximately 2,505 km of pipelines to process and transmit gas to end-users in the power, industrial and commercial sectors in Peninsular Malaysia. PETRONAS also exports gas for power generation to Singapore.
The PGU system is the principal catalyst for the development of Peninsular Malaysia’s offshore gas fields, the use of natural gas products for power generation and utilities, and the expansion of Malaysia’s petrochemical industry through the use of gas derivative products, such as ethane, propane, butane and condensates.
PGB is also developing Malaysia’s first LNG Regasification Terminal in Melaka, which is due for completion in July 2012. This will facilitate the importation of LNG by PETRONAS and third parties towards ensuring security of gas supply for the nation in the future.
Globally, PETRONAS has investments in pipeline operations in Argentina, Australia, Indonesia and Thailand, as well as gas storage and LNG regasification facilities in Europe.
PETRONAS is also committed to further grow in the power and renewable energy business, leveraging on existing capabilities and venturing into opportunities in key focus markets in Asia and the Middle East. Entry into the power business will support PETRONAS’ vision to be an integrated energy company.
Downstream Business
PETRONAS’ Downstream Business plays a strategic role in enhancing the value of Malaysia’s oil and gas resources through its integrated operations in refining and trading, marketing of crude oil and petroleum products locally and internationally, as well as through manufacturing and marketing of petrochemical products.
Refining & Trading
PETRONAS owns and operates three refineries in Malaysia, two in Melaka (collectively known as the Melaka Refinery Complex) and another in Kertih (the Kertih Refinery). The first refinery in Melaka is 100% owned by PETRONAS while the second refinery is 53% owned by the Group.
PETRONAS also operates a Group III base oil refining (MG3) plant in the Melaka Refinery Complex. PETRONAS also has an oil refining presence in Africa through its 80% owned subsidiary, Engen Petroleum Limited (Engen), a leading South African refining and marketing company that owns and operates a refinery in Durban, South Africa.
To carry out trading activities in crude oil and petroleum products in the Malaysian and international markets (including Asia, Africa and the Indian subcontinent), PETRONAS formed a wholly-owned subsidiary, PETRONAS Trading Corporation Sdn Bhd (PETCO). PETCO also trades in crude oil and petroleum products produced by affiliates and third parties, and has trading operations in Dubai and London via its wholly-owned subsidiaries PETCO Trading DMCC and PETCO Trading UK Limited, respectively.
Downstream Marketing
PETRONAS is engaged in domestic marketing and retailing activities through PETRONAS Dagangan Berhad (PDB), a majority-owned subsidiary, which markets a wide range of petroleum products, including gasoline, Liquefied Petroleum Gas (LPG), jet fuel, kerosene, diesel, fuel oil, asphalt and lubricants. PDB also has interest in Malaysia’s Multi-Product Pipeline and the Klang Valley Distribution Terminal that transports gasoline, jet fuel and diesel oil from the refineries to major demand centres in the Klang Valley. Besides marketing activities, PDB also jointly operates a jet fuel storage facility and hydrant line system at the Kuala Lumpur International Airport.
PETRONAS has also established its downstream marketing presence in key Asian markets. PT PETRONAS Niaga Indonesia,a wholly-owned subsidiary, operates retail stations as well as markets petroleum products to industrial and commercial customers, and manages a network of local lubricant distributors in Indonesia. In Thailand similar activities are undertaken by PETRONAS Retail (Thailand) Co Ltd that also supplies jet fuel to the Don Muang International Airport and the Suvarnabhumi International Airport, Bangkok. In China and India, the Group’s lubricant products are sold through
PETRONAS’ wholly-owned subsidiary, PETRONAS Marketing China Company Ltd and PETRONAS Marketing India Private Ltd (PMIPL), respectively. PMIPL also has exclusive supply arrangements and collaborations with major Original Equipment Manufacturer (OEM) partners and car manufacturers.
In Africa, PETRONAS’ subsidiary Engen has the largest retail network of service stations in South Africa as well as a strong retail presence in the Sub-Saharan region in countries including Botswana, Burundi, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Réunion, Swaziland, Tanzania, Zambia and Zimbabwe. In the Sudan, PETRONAS Marketing Sudan Limited (PMSL), a wholly owned subsidiary is engaged in the marketing and retailing of petroleum products and lubricants, as well as owns and operates retail stations. PMSL also provides into-plane service at the Khartoum International Airport and El-Obeid International Airport, which is the main base for the UN World Food Programme’s operations in the Sudan. PMSL also supplies fuel to the UN-African Union Mission peacekeeping force in Darfur and operates refuelling stations and depots.
With a presence in more than 20 countries worldwide, PETRONAS Lubricants International Sdn Bhd (PLISB) is the lubricants arm of PETRONAS. PLISB has established a manufacturing base and distribution channel to sell its products in the European market by virtue of acquiring the FL Selenia Group, (renamed PL Italy Group) and offers lubricants, transmission, anti-freeze and functional fluids for automobiles, trucks, agricultural tractors and earth moving machinery as well as for other industrial equipment to the market.
Leveraging on PL Italy Group’s strong OEM relationships and world-class research and development capabilities, PLISB currently has a long-term supply, technical, collaborative and commercial agreement for the exclusive right to supply lubricants to Fiat Italy via PL Italy Group.
Also in the lubricants marketing sector, PETRONAS Base Oil (M) Sdn Bhd, a wholly owned subsidiary of PETRONAS, undertakes the marketing of MG3 base oil in Malaysia and the Asia Pacific region whereas marketing in Europe is handled by PETRONAS Marketing Netherlands BV. PETRONAS markets its base oil products under the brand ETRO.
Apart from eight LPG bottling plants in Malaysia, PETRONAS also has LPG facilities in selected Asian countries namely in India, the Philippines and Vietnam, either through a joint venture or wholly-owned subsidiary.
PETRONAS Aviation Sdn Bhd, a wholly owned subsidiary of PETRONAS, markets PETRONAS’ aviation fuel in the global market, including to Malaysia Airlines, as well as to Shell, Ceylon Petroleum Corporation and Repsol YPF for locations in Buenos Aires, Colombo and Hong Kong.
Petrochemicals
PETRONAS first ventured into the production of basic petrochemical products in the mid-1980s and later embarked on several large scale petrochemical projects with multinational joint venture partners. PETRONAS’ joint venture partners have included The Dow Chemical Company, BASF
Netherlands BV, BP Chemicals, Idemitsu Petrochemical Co Ltd, Mitsubishi Corporation, and Sasol Polymers International Investments (Pty) Ltd.
With a view to strengthening integration and improving economies of scale, PETRONAS recently consolidated its petrochemical business under the PETRONAS Chemicals Group Berhad (PCG). The leading integrated petrochemical producer in Malaysia and one of the largest in South East Asia, PCG is the listed holding entity for all of PETRONAS’ petrochemical production, marketing and trading subsidiaries and has a total combined production capacity of over 11 million tonnes per annum.
The petrochemical business which has been consolidated under PCG, through joint ventures with multinational petrochemical companies, developed two Integrated Petrochemical Complexes (IPCs) at Kertih and Gebeng, along the eastern corridor of Peninsular Malaysia. The concept underlying the development of these IPCs is to achieve a competitive edge through the integration of petrochemical projects using common or related feedstock and common facilities within a self-contained complex.
PETRONAS’ Kertih IPC consists principally of ethylene-based petrochemical projects, which include two ethylene crackers, a polyethylene plant, an ethylene oxide/ethylene glycol plant, a multi-unit derivatives plant, vinyl chloride monomer (VCM) and polyvinyl chloride (PVC) plants, ammonia/synthesis gas plants, anacetic acid plant, an aromatics complex and a low-density polyethylene plant. The petrochemical projects are fully integrated with the surrounding infrastructure facilities and other process plants in Kertih, including PGB’s six gas processing plants and the Kertih Refinery, all of which are located within the IPC. A joint venture comprising PETRONAS (40%), Dialog Equity Group Sdn Bhd (30%) and Vopak Terminals Penjuru (Jurong) Pte Ltd (30%) owns and operates the storage and distribution terminal, which has a throughput of approximately 2.7 million tonnes per annum. The Kertih marine facilities include six berths that can accommodate chemical tankers up to 40,000 dead-weight metric tonnes.
Gebeng IPC comprises mainly of propylene-based petrochemical projects. The anchor project at the Gebeng lPC is a joint venture between PETRONAS and BASF, which owns and operates an acrylic acid/acrylic esters plant, an oxo-alcohols complex and a butanediol plant. PETRONAS, through PCG owns and operates an MTBE/propylene plant, a propane dehydrogenation plant and a polypropylene plant. The Gebeng IPC is also host to a number of multinational chemical companies, such as BP Chemicals, which owns and operates a purified terephthalic acid plant, and Eastman Chemicals, which owns and operates a copolyester plastic resin plant.
Both the Kertih and Gebeng IPCs are a major step towards establishing Malaysia as a regional petrochemical production hub. The integrated development of Malaysia’s petrochemical industry is expected to promote the development of the country’s industrial base, especially the plastics and chemical based component manufacturing industry.
Vision, Mission & Shared Values
Vision and Mission
These statements define PETRONAS as an organisation, guiding our corporate activities and policies, setting our course for the future.
Vision StatementTo be a Leading Oil and Gas Multinational of Choice
Mission Statement We are a business entity Petroleum is our core business Our primary responsibility is to develop and add value to this national resource Our objective is to contribute to the well-being of the people and the nation
Shared ValuesOur values are embedded in our culture as the backbone of our business conduct, reflecting our sense of duty and responsibility in upholding our commitment towards contributing to the well-being of peoples and nations wherever we operate.
LoyaltyLoyal to nation and corporation
IntegrityHonest and upright
ProfessionalismCommitted, innovative and proactive and always striving for excellence
CohesivenessUnited in purpose and fellowship
Board of Directors
Tan Sri Mohd Sidek Hassan Chairman of the Board
Tan Sri Dato' Shamsul Azhar AbbasPresident & CEO
Dato' Sri Dr Mohd Irwan Serigar Abdullah
Tan Sri Amirsham A Aziz
Datuk Muhammad Ibrahim Dato' Mohamad Idris Mansor
Tan Sri Dato' Seri Hj Megat Najmuddin Datuk Seri Dr Hj Megat Khas
Krishnan CK Menon
Datin Yap Siew Bee Datuk Mohd Omar Mustapha
Datuk Wan Zulkiflee Wan Ariffin
Datuk Anuar Ahmad
Dato' Wee Yiaw Hin Datuk Manharlal Ratilal
Faridah Haris HamidCompany Secretary
Abdul Rahman Musa
Board Committees
Executive Committee
Company Milestones
PETRONAS' transformation journey from a domestic-based national oil company into a fully integrated oil and gas multinational corporation has seen many significant milestones charted. Here are some of the main highlights:
Company Milestones – 2010
Exploration & Production
PETRONAS through PETRONAS Carigali together with partner United National and Gas Limited acquired deepwater Blocks MD4, MD5 and MD6 in Myanmar.
Awarded a PSC for Block SK320, offshore Sarawak, to MDC Oil and Gas (SK320) Ltd, a subsidiary of Abu Dhabi owned Mubadala Development Company, and to PETRONAS Carigali
PETRONAS, through PETRONAS Carigali, inked an alliance agreement with Dowell Schlumberger (Malaysia) Sdn Bhd to undertake the redevelopment of the Samarang field, offshore Sabah. Through the alliance, PETRONAS Carigali will leverage on Schulumberger’s renowned subsurface technology, employing proven and new technologies, whilst enhancing staff capabilities in EOR.
Oil Business
PETRONAS Dagangan launched its new and improved PRIMAX 97 petrol, replacing PRIMAX 3.
PLI and PROTON Holdings Berhad signed a supply, technical and commercial collaboration agreement, paving the way for greater business integration and cooperation in the area of automotive lubricants and functional fluids.
PETRONAS Lubricants International Sdn Bhd (PLI) introduced PETRONAS Syntium Moto, a range of premium grade synthetic motorcycle engine oils for the Malaysian market.
Gas Business
MLNG successfully delivered its first LNG cargo to Shikoku Electric Power Co Inc, Japan under a long term contract of 15 years.
PETRONAS signed a MOU with Mitsubishi Corporation to jointly develop a solar photovoltaic demonstration project in Malaysia.
PETRONAS signed a Gas Sales Agreement with upstream contractors Sarawak Shell Berhad and PETRONAS Carigali for natural gas to be produced from three fields in Block SK308 offshore Sarawak.
General
YBhg Tan Sri Mohd Hassan Marican ended his tenure as President and CEO of PETRONAS, having helmed the corporation since 1995.
YBhg Dato’ Shamsul Azhar Abbas succeeded as the President & CEO, and Acting Chairman of PETRONAS.
PETRONAS received a Master Award for Oil and Gas category during the Brand Laureate Awards in recognition for its brand excellence amongst the top best brands in Malaysia and the world.
PETRONAS was awarded the Certificate of Merit in Education by the Government of Vietnam for PETRONAS’ significant contribution to the country’s education development in 2009.
PETRONAS received recognition from the Malaysian Government for the Company’s outstanding contributions in the field of corporate social responsibility (CSR) at the Prime Minister’s CSR Award 2009.
PETRONAS won three awards altogether, comprising Best Overall CSR Programme, Education, and Culture and Heritage.
Glossary LPG – Liquefied Petroleum Gas E&P – Exploration & Production
LNG – Liquefied Natural Gas
LOI – Letter of Intent
PSC – Production Sharing Contract
SPA – Sales & Purchase Agreemen
Company Milestones - 2009
Exploration & Production
PETRONAS Carigali Sdn Bhd together with partners Industrial Petrochemical LLC and Oman Oil Company signed a PSC for Natih Block in Oman
PETRONAS signed a PSC with ExxonMobil E&P Inc (EMEPMI) and PETRONAS Carigali for further development of seven fields, namely Seligi, Guntong, Tapis, Semangkok, Irong Barat, Tabu, Palas, offshore Peninsular Malaysia.
PETRONAS Carigali (Turkmenistan) Sdn Bhd acquired the MOPU Saparmyrat Turkemenbashi and Floating Storage Offloading (FSO) vessel Ozughan from Single Buoy Mooring (SBM) Incorporation.
PETRONAS Carigali signed a PSC for West Glagah in Indonesia.
Talisman Energy Inc, through its wholly owned subsidiary, Talisman Malaysia Limited, signed a PSC with PETRONAS and PETRONAS Carigali for the exploration and development of Blocks SB309 and SB310, offshore Sabah.
PETRONAS secured four major oil fields in Iraq, namely Majnoon, Halfaya, Badra and Gharaf.
Oil Business
PETRONAS Dagangan Berhad launched its new PETRONAS PRIMAX 95 petrol, which replaces its older RON 92 fuel in the market. PETRONAS PRIMAX 95 meets the Euro 2-M emission standards and is formulated using the new SINAR G07 additive which protect engine components and enhance overall engine efficiency.
PETRONAS Dagangan Berhad introduced two units of B-Double tankers into its fleet of product movers, making it the first company in Malaysia to have high capacity tankers equipped with technologically advanced safety and security features to deliver its product to its customers.
PT PETRONAS Niaga Indonesia was awarded the rights to distribute more than 20 million litres of subsidised fuel through four stations in Medan, Indonesia.
Gas Business
PETRONAS signed a Heads of Agreement to purchase LNG from the integrated LNG facilities currently being undertaken at Gladstone in Queensland, Australia by partners Santos GLNG Pty Ltd and PETRONAS Australia Pty Limited (PAPL)
Dragon LNG received its first commissioning cargo supplied by BG carrying 145,000m3 of LNG from Trinidad.
ASEAN LNG Trading Co Ltd (ALTCO) celebrated its 100th traded cargo, which was loaded from the PETRONAS LNG Complex in Bintulu, Sarawak.
PETRONAS held the opening ceremony of Dragon LNG at the Dragon Terminal in Milford Haven, Wales to commemorate the completion and commissioning of Dragon LNG, a receiving regasification terminal.
Malaysia LNG (MLNG) Group of Companies successfully delivered its first LNG cargo to the Yangshan LNG Receiving Terminal in Shanghai, China.
Ground breaking for the Kimanis Power Plant project in Kimanis Bay, Papar, Sabah marking another milestone in the development of the state of Sabah.
General
PETRONAS announced a five-year deal with major automobile manufacturer, Mercedes, marking a new partnership for the company in Formula One. The agreement makes PETRONAS the title partner to the Mercedes GP team, resulting in the name ‘Mercedes GP PETRONAS Formula One’.
Glossary LPG – Liquefied Petroleum Gas E&P – Exploration & Production
LNG – Liquefied Natural Gas
LOI – Letter of Intent
PSC – Production Sharing Contract
SPA – Sales & Purchase Agreement
Group of companies
Petronas Directory
Company Name: Asean Bintulu Fertilizer Sdn Bhd
Type: Partly Owned
Shareholding: 63.50%
Address: 18 KM, Tanjung Kidurong, PO Box 482, 97008 Bintulu, Sarawak, Malaysia
Phone: 086 232000
Fax: 086 251043 , 086 251937
Email:
URL:
Principal Activity: Management and operations of the ammonia/urea plant in Bintulu, Sarawak.
Acronym: ABF
Business Activity: Petrochemicals
MD \ CEO: M Shah b Ali
Date of Incorporation: 6/12/1980
Operational Country: Malaysia
Company Name: Asean Bintulu Fertilizer Sdn Bhd
Type: Partly Owned
Shareholding: 63.50%
Address: 18 KM, Tanjung Kidurong, PO Box 482, 97008 Bintulu, Sarawak, Malaysia
Phone: 086 232000
Fax: 086 251043 , 086 251937
Email:
URL:
Principal Activity: Management and operations of the ammonia/urea plant in Bintulu, Sarawak.
Acronym: ABF
Business Activity: Petrochemicals
MD \ CEO: M Shah b Ali
Date of Incorporation: 6/12/1980
Operational Country: Malaysia
Company Name: BASF PETRONAS Chemicals Sdn Bhd
Type: Associated Company
Shareholding: 40%
Address: Jalan Gebeng 2/1, Kawasan Perindustrian Gebeng, 26080 Kuantan, Malaysia
Phone: 09 5855 000
Fax: 09 5854 623
Email:
URL:
Principal Activity: Production of acrylic monomers, oxo products and butanediol products.
Acronym: BASF
Business Activity: Petrochemicals
MD \ CEO: Dr Hermann Brandt
Date of Incorporation: 28/10/1997
Operational Country: Malaysia
Company Name: Bekalan Air KIPC Sdn Bhd
Type: Wholly Owned
Shareholding:
Address: Registered Office: Tower 1, PETRONAS Twin Towers, KLCC, 50088 Kuala Lumpur, Malaysia
Phone: 03-21774444
Fax: 03-27885555
Email: bekalanair@kipc.com
URL: www.bekalanair.com.my
Principal Activity: Distribution and sales of treated water.
Acronym:
Business Activity: Petrochemicals
MD \ CEO: Syed Mohd Kamal Alhabshi Syed Abdul Rahman
Date of Incorporation: 19/3/1992
Operational Country: Malaysia
Company Name: Bintulu Port Holdings Berhad
Type: Associated Company
Shareholding: 32.79%
Address:Lot 15, Block 20, Kemena Land District, 12th Mile, Tanjung Kidurong Road, 97008 Bintulu, Sarawak, Malaysia
Phone: 086 251001
Fax: 086 253597 , 086 251578
Email:
URL: http://www.bintuluport.com.my
Principal Activity: Investment holdings company.
Acronym:
Business Activity: Property Investment & Development
MD \ CEO: En Mior Ahmad Baiti
Date of Incorporation:
22/3/1996
Operational Country:
Malaysia
Company Name: BP PETRONAS Acetyls Sdn Bhd
Type: Associated Company
Shareholding: 30%
Address: Kompleks Pentadbiran Petrokimia PETRONAS, 24300 Kertih, Kemaman, Terengganu, Malaysia
Phone: 09 8305 300
Fax: 09 8305 321
Email:
URL:
Principal Activity: Manufacture, sell and distribute acetic acid.
Acronym:
Business Activity: Petrochemicals
MD \ CEO: Martin Robinson
Date of Incorporation: 27/9/1997
Operational Country: Malaysia
Company Name: Dragon LNG Ltd
Type: Joint Venture
Shareholding: 50%
Address: Main Road, Waterston, Milford Haven, SA73 1DR Pembrokeshire, Wales, UK
Phone: 44 (0)1646 691730
Fax: 44 (0)1646 691731
Email: info@dragonlng.com
URL: http://www.dragonlng.co.uk
Principal Activity: LNG regasification
Acronym: DLNG
Business Activity: Gas
MD \ CEO: Colin OrrBurns (General Manager)
Date of Incorporation: 22/9/2004
Operational Country: United Kingdom
Company Name: Engen Limited
Type: Partly Owned
Shareholding: 80%
Address: Engen Court Thibault Square, PO Box 35, 8000 Cape Town, Republic of South Africa
Phone: 2721 403 4911
Fax: 2721 403 4067
Email: caron.larmour@engenoil.com
URL: http://www.engen.co.za
Principal Activity: Refining of crude oil and marketing of refined petroleum products.
Acronym: ENGEN
Business Activity: Oil
MD \ CEO: Ahmad Nizam Salleh
Date of Incorporation: 28/2/1968
Operational Country: South Africa
Company Name: Ethylene Malaysia Sdn Bhd
Type: Partly Owned
Shareholding: 72.50%
Address:Lot 3834, Kawasan Bukit Tengah, Km 105, Jalan Kuantan-Kuala Terengganu, 24300 Kertih, Kemaman, Terengganu, Malaysia
Phone: 09 8272 040 (Plant) , 03 2026 5960 (Kuala Lumpur Office)
Fax: 09 8273 940 (Plant) , 03 2051 3444 / 3445 (Kuala Lumpur Office)
Email:
URL:
Principal Activity: Manufacture, storage and sale of ethylene.
Acronym: EMSB
Business Activity: Petrochemicals
MD \ CEO: Abd Manaf Abd Hamid
Date of Incorporation:
11/7/1991
Operational Country:
Malaysia
Company Name: Gas District Cooling (Holdings) Sdn Bhd
Type: Wholly Owned
Shareholding:
Address: Level 46, Tower 1, PETRONAS Twin Towers, KLCC, 50088 Kuala Lumpur, Malaysia
Phone: 03 20515167 , 03 20513406
Fax: 03 2051 7600
Email:
URL:
Principal Activity: Own and operate gas-fired district cooling plants.
Acronym: GDC
Business Activity: Gas
MD \ CEO: Mohamad Naguib Mahfodz
Date of Incorporation: 19/7/1993
Operational Country: Malaysia
Our business
Exploration and production
As custodian of Malaysia’s oil and gas resources, PETRONAS was entrusted with the
responsibility to develop and add value to the nation’s hydrocarbon resources. In the early years, we
focused our efforts on managing the production sharing contractors who were exploring Malaysian
acreages, but we soon saw the need to take on a bigger and more proactive role in augmenting the
nation’s oil and gas reserves.
Through our exploration and production (E&P) subsidiary, PETRONAS Carigali Sdn Bhd, we have
developed capability as a hands-on operator with a track record of successful oil and gas developments.
PETRONAS Carigali works alongside a number of petroleum multinational corporations through
production sharing contracts (PSCs) to explore, develop and produce oil and gas in Malaysia. Abroad, we
continue to strengthen our position by securing new acreages while undertaking various development
projects.
The Petroleum Management Unit (PMU) of PETRONAS acts as resource owner and manager of
Malaysia’s domestic oil and gas assets. It manages the optimal exploitation of hydrocarbon resources
and enhances the prospectivity of domestic acreages to attract investment and protect the national
interest. One of the key drivers of our business growth is deepwater E&P, with many positive prospects
emerging in Malaysian acreages.
We continue to harness and develop new technologies to maximise opportunities and further
strengthen our capabilities in our efforts to become a leading global E&P player.
Oil
PETRONAS adds value to the crude oil produced by our exploration and production operations
through our integrated oil business that encompasses refining, marketing, trading and retail operations.
Comprising a range of significant grades from various regions, the crudes are traded and marketed
internationally as well as processed into petroleum products at our refineries for both domestic and
export markets. We own and operate four refineries with a total refining capacity of more than 448,000
barrels per day. The petroleum products from these refineries are marketed through our network of
service stations in several countries, including in Indonesia, Malaysia, South Africa, Sudan and Thailand.
Petrochemicals
PETRONAS’ venture into the petrochemical industry adds further value to the nation’s gas
resources. We partner foreign multinational companies to acquire the best petrochemical expertise and
technological know-how. With adequate feedstock via the Peninsular Gas Utilisation (PGU) pipeline,
PETRONAS is positioning Malaysia to be a competitive petrochemical hub with the establishment of two
integrated petrochemical complexes (IPCs) with superior logistics and infrastructure capabilities.
The Kertih IPC and the Gebeng IPC provide ready sites for petrochemical plants with the
provision of industrial gases and utilities via the Centralised Utility Facilities, ports and a railway link for a
more efficient delivery system.
Since 1992, the IPCs have grown to become home to more than 20 petrochemical plants. The
IPCs are aimed to enhance competitiveness through the establishment of synergistic linkages and
integration both within plants as well as between common infrastructure and support facilities, making
the entire manufacturing process more cost effective and efficient.
PETRONAS is also promoting the plastics manufacturing sector by developing the Kertih Plastics
Park to take advantage of readily available feedstock from the adjacent IPC.
PETRONAS’ subsidiary, PETRONAS Chemicals Marketing Sdn Bhd (PCM), markets and trades our
petrochemical products to both Malaysian and international customers.
Gas and power
PETRONAS’ Gas & Power Business is engaged in the processing, liquefaction, transmission,
marketing and trading of LNG and gas. It also participates in power generation and utilities business,
which adds synergistic value in the integrated gas value chain.
Over the years, we have developed distinctive capabilities in our fully integrated gas business
and built a strong reputation as a trusted partner and reliable supplier of gas in Malaysia and abroad.
Our gas business activities cover the entire value chain right from the exploration and
production of natural gas to gas processing and liquefaction, gas transmission pipeline operations,
marketing and trading, liquefied natural gas (LNG) shipping and regasification, gas district cooling and
supply of industrial utilities.
PETRONAS Gas & Power Business Quick Facts
PETRONAS LNG Complex in Bintulu, Sarawak is one of the world’s largest LNG production
facilities at a single location with a combined capacity of about 23 million tonnes per annum.
We are one of the largest equity owners of LNG production capacity in the world and have
delivered over 6,000 cargoes on time and without fail since 1983.
PETRONAS’ LNG business has expanded from our traditional Far East markets to the Atlantic
Basin, with interest in the integrated Egyptian LNG project and the Dragon LNG regasification
terminal in the UK.
Our acquisition of Star Energy plc, enables us to expand and strengthen our position in the gas
storage sector in the UK and Europe.
PETRONAS has interests in more than 10,000 km of natural gas pipelines worldwide, including in
Argentina, Australia, Thailand and Indonesia.
PETRONAS promotes the use of gas fuel for a cleaner environment and operates the only
Natural Gas for Vehicles (NGV) service stations in Malaysia.
Awarded as Engineering, Procurement, Construction, Installation and Commissioning (EPIC)
contract and dual Font End Engineering Design (dual FEED) competition contract for PETRONAS'
first and second floating LNG projects (PFLNG 1 & 2) respectively, both aimed to provide
solutions to monetize marginal and stranded gas fields.
Completed the dual FEED competition for Train 9, which is expected to produce a total of 3.6
million tonnes per annum (mtpa), expanding the LNG production capacity of the existing
PETRONAS LNG Complex (PLC) in Bintulu, Sarawak.
Logistics and maritime
PETRONAS' Logistics and Maritime Business is mainly undertaken by our shipping subsidiary,
MISC Berhad.
MISC is Malaysia's leading international maritime corporation and is currently the third largest
shipping conglomerate in the world by market capitalisation. The principal businesses of MISC consist of
ship owning, ship operating, other shipping related activities, owning and operating of offshore floating
facilities as well as marine repair, marine conversion and engineering and construction works.
MISC has grown from being purely a shipping line in 1968 to become a fully integrated maritime,
offshore floating solutions, heavy engineering and logistics services provider. This was brought about
when MISC became a subsidiary of PETRONAS in 1998, a move that produced synergistic benefits
especially in the field of oil & gas transportation.
As a subsidiary of PETRONAS, MISC adds value to our petroleum and LNG business by providing
the Group with reliable transport and logistics support as well as the flexibility to trade our products in
the international markets.
Its modern and well-diversified fleet of more than 100 vessels with a combined tonnage of more
than 8 million deadweight tonnes (DWT) traverses the globe, calling at most major ports around the
world.
Through its subsidiary, Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), MISC
has also built a strong foundation in the marine and heavy engineering industry. Today, MHB is well on
its way to become a centre of choice for marine repair undertaking the repair and maintenance of LNG
carriers, Very Large Crude Carriers (VLCC), Ultra Large Crude Carriers (ULCC) and other marine vessels
and marine facilities. Its marine conversion and engineering & construction business also offers a range
of construction and engineering services of oil and gas production facilities, contributing in particular to
the development of PETRONAS' deepwater operations.
MISC also offers total logistics services which include Freight Management, Transportation and
Warehousing services through its wholly owned subsidiary, MISC Integrated Logistics Sdn Bhd (MILS).
MILS' specialised Project Logistics and Supply Chain Management unit serve the upstream and
downstream logistics requirements of PETRONAS and the global energy industry. Its container shipping
business is one of the leading carriers in the Liner intra-Asia trade offering customers customised
solutions to meet their requirements locally, regionally and globally.
Logistics And Maritime Quick Facts
MISC is Malaysia’s leading international maritime corporation and is currently the third largest
shipping conglomerate in the world by market capitalisation.
MISC is a world-renowned LNG owner-operator of 29 LNG carriers, with over two decades of
experience for safety, reliability and on-time deliveries, providing a wide range of business
solutions and is a one-stop centre for LNG transportation.
MISC’s petroleum arm AET Inc Limited provides high-quality transport solutions and operates a
young technically advanced and professionally managed fleet of VLCC’s, aframax and product
tankers from strategic locations of London, Singapore and Houston.
AET is also the world’s largest owner-operator of aframax tankers and currently occupies the
leading share of the US Gulf ship-to-ship transfer business through its comprehensive lightering
operations.
MISC has proven experience in Chemical shipping, transporting chemicals and vegetable oils on
the global platform and a strong foothold in tank terminal operations via its partnership with the
Vitol Group.
MISC’s listed engineering arm, Malaysia Marine and Heavy Engineering Holdings Berhad (MHB),
supports the oil & gas industry through three core areas: engineering & construction, marine
repair and marine conversion.
With over 40 years of experience in the container shipping business, MISC is now one of the
leading carriers in the Liner intra-Asia trade.
MISC’s wholly-owned maritime academy, Malaysian Maritime Academy (ALAM) is a premier
training institution with over 30 years experience in producing highly-trained seagoing
professionals for the maritime industry.
Technology and Engineering
Recognising that technology is a key driver of growth, PETRONAS pursues the strategic
deployment and application of technology to further enhance operational excellence and maximise the
potential of our existing assets and emerging opportunities. Towards this end, we have formulated our
Technology Agenda to focus on technologies for future positioning of our businesses in both the
upstream and downstream sectors.
In the short term, our technology focus is on improving operational excellence through better
plant and Health, Safety and Environment (HSE) performance. For the longer term, we aim to develop
niche technologies to enhance the performance of our core businesses.
Upstream, our efforts are focused on developing technologies to increase hydrocarbon
resources, particularly in deepwater areas, and to enhance the productivity and recovery of our fields.
In the downstream sector, we seek to maximise throughput and yield in our oil, gas and
petrochemical operations through the application of technology. By studying and applying the
appropriate technological solutions to our processes, facilities and materials, we continue to achieve
higher levels of operational excellence. At the same time, as quality standards and demand for new
applications increase, we are expanding our range of petroleum, polymer and special products to meet
the needs of a fast-evolving world. Through strategic alliances with world-class institutions, we are also
developing a renewable energy laboratory to enable us to move to the next phase in becoming a
technology-driven company.