Deepwater oilgasmalaysia 0407.tuan-hay_ewe

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Deepwater Oil and Gas Malaysia Bergen 24 April 2007

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Transcript of Deepwater oilgasmalaysia 0407.tuan-hay_ewe

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Deepwater Oil and Gas Malaysia

Bergen

24 April 2007

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Contents

1. PETRONAS – What it is

2. Activities & Opportunities in Deepwater Oil & Gas Malaysia

3. Planned events during 2007

4. Business Culture

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PETRONAS – National Oil Company

• 100% government owned

• Holds exclusive ownership and control over

all petroleum resources in Malaysia

• Regulates E & P activities through Production

Sharing Contract. To date 62 PSCs awarded.

• All companies providing services/ products

in upstream sector need to be licenced by PETRONAS

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PETRONAS – International oil company

• A fully integrated & International oil company with more than 63

international ventures in 33 countries

• Involves in upstream sector in 24 countries with recoverable

reserves of 5.94 BBOE

• Ranked as one of Fortune 500 largest corporations & recorded a

profit of USD11.566 billion as at 31/03/06 on turnover of

USD44.282 billion

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Deepwater areas

Major Deepwater Opportunities in SEA

Indonesia: Major natural gas discoveries in the deepwater Kutei Basin, deepwater exploration in the Tarakan and Papalang Basin

Thailand: Several significant offshore discoveries in the Gulf of Thailand recently

India: Active E&P activity, 70% of offshore acreage is deepwater

Vietnam: Considerable deepwater potential

Malaysia: Offshore Sabah is the region’s exploration hot spot, 20 PSCs in deepwater & 16 discoveries

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• 71 Exploration Blocks – 44 awarded and 27 still open

• 22 Deepwater/ Ultra DW blocks – 20 awarded to 8 PSC contractors

• 146 oil & 195 gas fields discovered – only 53 oil & 23 gas fields

producing

• Oil reserves incl. condensate 5.25 bb and gas 87.95 tscf, Jan 2006

Exploration acreages – 565,500 km2

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Source: Petronas

Malaysia has 5.25 billion barrels of oil reserves and 87.95 trillion cubic ft of gas reserves

Deepwater gas4%

Shefal gas96%

Shelfal oil74%

Deepwater oil26%

5.25 billion barrels of oil and condensate

87.95 trillion cubic feet of gas

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Shelfal Oil, 35%

Deepwater Oil, 65%

Deepwater Gas, 43%

Shelfal Gas, 57%

Deepwater/Ultra Deepwater to contribute major portion of undiscovered resources – 10 billion boe

Source: Petronas

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Positive results in Malaysia deepwater the past years

1993 1994 1995 1998 2002 2003 2004 2005 Malaysia as Deepwater

Regional Hub

Deepwater PSC

Introduced

Kebabangan Gas

Discovered

First Deepwater Exploration

Well (1170m)

Kamunsu East (Gas)

Discovery

Kikeh Oil Discovery

Limbayong Gas Discovery

Gumusut/Kakap Oil Discovery

Ubah, Pisangan and Jangas Oil & Gas Discoveries

Kikeh FDP ApprovedFirst SPAR in Malaysia

First GAP Application in the World

Malikai Oil DiscoveryFirst SBL Application in

Malikai

Source: Petronas

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Deepwater/ Ultra Deepwater Discoveries

Field name Recoverable Water Depth

Onstream Date

Operator

Kikeh 536 mmboe 1,300 m Q2/Q3 2007 Murphy Oil

Gumusut/ Kakap

620 mmboe 1,100 m Q4 2010/

Q1 2011

Shell

Malikai 108 mmboe 480 m Q2 2011 Shell

Kebabangan 2.2 tscf > 200 m Q3 2011 ConocoPhillips

Jangas 81 mmboe >1000 m Q4 2011 Murphy Oil

Ubah Crest 215 mmboe >1000 m Q2 2012 Shell

Pisangan 56 mmboe >1000 m Q3 2012 Shell

Kamunsu 2.2 tscf >1000 m Q2 2013 Shell

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Fast Track Implementation of Deepwater Projects

Kikeh

Gumusut/Kakap

Malikai

Kebabangan

Jangas

Ubah Crest

Pisangan

Kamunsu

2007 2008 2009 2010 2011 2012 2013

Exploration Strategy

Exploration

Appraisal & Reservoir Evaluation

Field Development Studies

Preliminary Engineering

Project Implementation

Indicative first oil

Legend

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43 Deepwater Exploration Wells Planned 2007-2010

10 1011 11 11

0

5

10

15

2006 2007 2008 2009 2010

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Malaysia: Total expenditure: USD35,683 million Expenditure Breakdown 2007-2010

430

113

6,299

972

2,953

656

289

83

915,868

10,053

8,558

2,110438

- 2,000 4,000 6,000 8,000 10,000 12,000

US$ million

Seismic Data Acquisition

Reservoir Management

Offshore Drilling

Subsea Technologies and Equipment

Fixed Platforms

Floating Platforms

Platform Design & Project Management

E, I & T

Marine Systems & Equipment

Maintenance

Modifications

Operations

Downhole & Well Services

Decommissioning

Source: Infield/INTSOK

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Malaysia is looking for companies to establish strong bases in Malaysia

Key Areas Key Activities

Development Concept FEED & Feasibility Studies

Support Structure Engineering

Topside Design

Hull Design – Dry Tree units (DTU)

Hull Design – Floating Vessels/Wet Tree Units

Support Structure Fabrication Fabrication – Topside & Hull

Design, Engineering & Manufacturing

Flowline & Risers

Umbilical/Fluid Transfer Lines (FTL)

Subsea Modules

Installation Pipeline installation

Source: Petronas

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Other Areas of Opportunities/ challenges

• Strategic alliance with Petronas – capacity building

• Small or marginal fields Development

• Brown Fields development

• High CO2 content

• Enhanced Oil Recovery in matured fields

• Demand for rigs/ semi-sub

• Marine vessels

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Norwegian companies in O&G sector

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Planned Events 2007

• Jan: Resource Management by Petronas/Petrad

• June 6-7: Pipeline Integrity workshop by Petronas/Intsok/

Petrad

• June 13-15: Norwegian Pavilion at Oil & Gas Asia Exhibition

• June 25-29: PETRONAS Delegation to Norway by IN KL/Intsok

• Nov 26-28: Deepwater Technology workshop by Petronas/

Intsok/ Petrad

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Malaysia: Business Culture

• Multi-racial & multi-cultural society - 3 major distinct races. Advantage to differentiate races for business and social reasons

• Personal relations are important for business. Building trust takes time

• Consciousness in social hierarchy

• Reflected in hierarchical structures of Malaysian companies

• Honorific Titles- Datuk, Dato, Datuk Seri, Tan Sri & Tun.

• Importance of Designation

• Face Value – has a lot of significance in workplace and business relations. Once a person loses face, he/she may withdraw from the interactions of business negotiation altogether.

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Malaysia: Business Culture

• Respect for elders by the way one speaks, addresses or behaves towards one’s elder.

• Managers or leaders are considered “elders” and wise. Decisions of leaders hardly challenged.

• Understand the Decision Making Process of the organization you are dealing with – crucial for business success

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