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Passionate About ProgressPETRONAS Corporate Profile & Business Overview
Briefing toxxx
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© 2021 Petroliam Nasional Berhad (PETRONAS) |
Presentation Outline
• About PETRONAS
• Upstream
• Downstream
• Gas & New Energy
• Commitment
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© 2021 Petroliam Nasional Berhad (PETRONAS) |
PETRONAS JourneyEvolution of domestic player to global multinational
Formative Years Building Capacity & Capability Global Player
PETRONAS incorporated on 17 Aug
1974
Introduced and signed 1st PSC to replace concession system
1976
Dulang - 1st oil discovery
1981 PETRONAS’ 1st
service station
Expanded into petrochemicals with ABF
1980
1983
1st Refinery in Kertih
1991
1st international venture into Vietnam
1996
Acquisition of Engen Ltd in South Africa
2016 PFLNG SATU -World’s 1st
Floating LNG
2015
Gladstone LNG – 1st
Production & Shipment
2012
Acquisition of Progress Energy in Canada
1978 Incorporation
of PETRONAS Carigali
Commencement of Malaysia LNG
project
2017Completion of
SAMUR Project, region’s largest
ammonia plant
1998
PETRONAS ventured into Sudan
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Completion of PETRONAS
LNG Complex in Bintulu
1982
2012
1st RGT in Malaysia
2013
1st oil from Iraq2020
PFLNG DUA sailed away to Rotan gas field offshore Kota Kinabalu, Sabah2021
PIC – PETRONAS’ single largest downstream investment – is market-ready
2019
1st foray into renewable energy via acquisition of
Amplus
2008
Establishment of PETRONAS Lubricants
International
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Custodian of National ResourceWorking closely with ministries to develop the national petroleum sector
Ministry of Environment &
Water
Ministry of Finance
Ministry of Domestic Trade
& Consumer Affairs
Ministry of Energy & Natural
Resources
Prime Minister’s
Department (Economy)
Ministry of International
Trade & Industry
PS Contractors/ Operators
Custodian-manages the
petroleum resources of the
Nation
PDA 1974
YAB Prime Minister
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Purpose & ValuesUpholding our ‘Amanah’ and setting our course for the future
Statement of Purpose
A progressive energy and solutions partner enriching lives for a sustainable future
LOYALTYLoyal to corporation
Shared ValuesINTEGRITYHonest and upright
PROFESSIONALISMStrive for excellence
COHESIVENESSUnited, trust and respect for each other
Cultural BeliefsCultural Beliefs
Customer FocusedI deliver solutions from the customer lens
Innovate NowI challenge norms and push boundaries
Be EnterprisingI seek opportunities and make them happen
Speak UpI express my views openly
Courage To ActI take action to progress with pace
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Maximizing Cash Generator
Three-Pronged Growth StrategyPursuing growth strategy on key area to future-proof our business
1Sweating valuable assets to secure strong & stable cash flows, providing a solid base for profitability & foundation for growth
Expanding Core Business2
Expanding our resource base & growing the integrated business model where opportunities arise to strengthen our O&G core
Stepping-Out3Build capabilities in new businesses to improve our future readiness, allowing us to capitalize on global trends
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Building on Operational Excellence Strengths
Accelerate Technology &
Innovation Stewardship
Net Zero Carbon Emissions by 2050 Our Sustainability Aspiration in support of our current business resilience
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PETRONAS’ Sustainability Agenda
Lenses
Sustainability Aspiration
Invest in Nature-based Solutions
Make Cleaner Energy more Accessible
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Our ProfileOur people are our strength
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18
6,715
13,136
25,733
33,944
40,992
46,145 49,193
53,149 53,215 51,034 49,911
48,001 47,669
1974 1985 1995 2002 2005 2010 2012 2013 2014 2015 2016 2017 2018 2019
Workforce Strength(total headcount)
Workforce Composition
86 111
2012 2019
Nationalities
27% 27%2012 2019
Women Workforce
52% 48%
2012 2019
< 35 years old
1% 4%
2012 2019
Women in Leadership
As at 1 Jan 2020
20% 20%
2012 2019
Non-Malaysian
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Executive Leadership TeamDriving performance and steering business growth
YM Tengku Muhammad TaufikPresident & Group CEO
Adif ZulkifliExecutive Vice President
& CEO Upstream
Datuk Md Arif MahmoodExecutive Vice President
& CEO Downstream
Liza MustaphaExecutive Vice President
& Group CFO
Bacho PilongSenior Vice President
Project Delivery & Technology
Mazuin IsmailSenior Vice President
Corporate Strategy
Razman HashimSenior Vice President
Group Legal
UPSTREAM DOWNSTREAM FINANCE
LEGAL HUMANRESOURCES
CORPORATESTRATEGY
PROJECT DELIVERY &
TECHNOLOGY
GAS & NEW ENERGY
Adnan Zainol AbidinExecutive Vice President & CEO Gas & New Energy
Farehana HanapiahSenior Vice President
Group Human Resource Management
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PETRONAS Integrated BusinessAdding value to every single molecule through integration across the chain
PETRONASalso includes
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PETRONAS ICT
PETRONAS Leadership
Centre
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PETRONAS Domestic Oil & Gas AssetsInvesting in critical infrastructure to connect the reservoir to the consumers
*Map is for illustration only and not to scale.
Floating LNG
LNG Regasification TerminalLegend
Petrochemical PlantRefinery
LNG Processing Plant
Gas Fields
Oil Fields
Bintulu
Miri
Labuan
KEDAH
PERLIS
PERAK
KELANTAN
TERENGGANU
PAHANG
JOHOR
SELANGOR
Kertih
Gebeng
MELAKA
NEGERI SEMBILAN
PULAU PINANG
SOUTH CHINA SEA
STRAITS OF
MELAKA
Kimanis
S A R A W A K
S A B A HSAMUR, Sipitang
Pasir Gudang
Gurun
Lahad Datu
SABAH-SARAWAK GAS PPELINE
PETRONAS LNG COMPLEX (PLC)
Regasification Terminal Sg. Udang(RGTSU)
PENGERANG INTEGRATED COMPLEX (PIC)
Train 9
DepotPower Plant
8 LPG Bottling Plants
13 Aviation Terminals
17 Fuel Terminals10 Bunkering Facilities
Service Stations1,065NGV Fuelling Stations100 NGV
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4 Refineries Regasification Terminals2
Regasification Terminal Pengerang (RGTP)
Producing Fields151Platforms & Subsea Structure387
Floaters19
Onshore Terminals14
As at 1 Jan 2021Open
© 2021 Petroliam Nasional Berhad (PETRONAS) |
Regulator Role in MalaysiaCustodian to manage sustainable exploitation of Malaysia’s petroleum resources
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Relationship Features
Government of Malaysia
PSC / RSC Contractors
PDA1
PA2
• Entire ownership of Nation's petroleum resources is vested to PETRONAS
• PETRONAS has exclusive rights to exploit Nation's petroleum resources
• Converted Concession System to PSC/RSC
• Provide a more equitable partnership
• Stipulates contractual period, management of operations, recovery of costs, division of profit, obligations of parties
Note: 1Petroleum Development Act2Petroleum Arrangements
Malaysia Petroleum Management
(MPM)
Acts for and on behalf of PETRONAS in the overall management of Malaysia’s
petroleum resources
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Malaysia Oil & Gas DevelopmentBuilding a competitive and progressive industry through enhancement of PACs
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0
10
20
30
40
50
60
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Oil & Gas Production
‘000 barrels of oil equivalent per day (kboe/d)
Oil & Gas Investment
RM Billion (1 USD ~RM4.30)
1970 1980 1990 2000 2010 2020
Risk Service Contract
DW PSC Enhancement
~RM620 Bilof Upstream investment
Malaysia has
90 PAs in operation
1,656kboe/d
UDW: Ultra Deepwater R/C: Revenue Over CostHPHT: High Pressure High Temperature
*From 1976 to 2020*As at Jan 2021
PA: Petroleum ArrangementsPSC: Production Sharing ContractDW: Deepwater
*2020annual production
Concession Agreement
1976 PSC 1985 PSC
DW/UDW PSC
R/C PSC
HP/HT TermsLLA PSC
SFA PSC
Enhanced Profitability Fiscal Term
Progressive Volume Based
Pre-1976
1976 1985
1994
1997 2011
2008 2012
2018
2019
2021
2020
LLA: Late Life AssetsSFA: Small Field Assets
As at 1 Jan 2021Open
© 2021 Petroliam Nasional Berhad (PETRONAS) |
International Upstream VenturesBroad portfolio of resources and play types in more than 20 countries
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Canada (Unconventional) Development & Production
Mexico Exploration
Suriname Exploration
Argentina (Unconventional) Development & Production
Australia Development & Production
Indonesia Exploration, Development & Production
Brunei Development
VietnamProduction
MyanmarExploration, Development & Production
Malaysia-Thailand JDA Exploration, Development & Production
Iraq Development & Production
Azerbaijan Development & Production Turkmenistan
Development & Production
IrelandAbandonment
Chad Production
MauritaniaAbandonment
Republic of Sudan Midstream
Republic of South Sudan Development & Production
Oman Development & Production
Egypt Exploration, Development & Production
SenegalExploration
Gabon Exploration
BrazilExploration, Development & Production
Gambia Exploration
570 kboe/doil & gas productions
>3,160producing wells
9,213 kmpipeline length
26offshore assets
United StatesExploration
As at 1 Jan 2021Open
© 2021 Petroliam Nasional Berhad (PETRONAS) |
Downstream BusinessPETRONAS Downstream Business has presence in over 90 countries
Refineries• Malaysia (>600 kbd) • South Africa (>100 kbd)
Lubricants• Marketed in 90 countries• 5 regional offices across all continents• 10 blending facilities & 5 R&D centres
worldwide• >900 ktpa production capacity
Petrochemicals• Present in 30 countries• 6 regional offices• 16.1 MTPA of
manufacturing capacity
Marketing and Retail• Sales of fuel & non-fuel products • > 1,000 Petrol stations in Malaysia• > 1,400 Petrol stations in South Africa & Sub-
Saharan Africa (under the Engen brand)
Trading Offices• Kuala Lumpur• Dubai• London
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PETRONAS RefineriesRefining crudes into valuable petroleum products
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TERENGGANU
JOHOR
MELAKA
RefineriesOperating
Capacity (bpd)
Melaka (PSR 1) 128,000
Melaka (PSR 2) 175,000
Kerteh 123,300
Pengerang 300,000
Durban 135,000
South AfricaMalaysia
DURBAN
LPG PETROL / DIESEL JET FUEL
LUBRICANTSBITUMENFUEL OILOpen
© 2021 Petroliam Nasional Berhad (PETRONAS) |
Marketing & RetailSales of fuel / non-fuel products in Malaysia through PETRONAS Dagangan Berhad (PDB)
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Retail & LPGOffer fuel and non-fuel products and services to consumers at its network of more than 1,000 PETRONAS stations and 700 KEDAI MESRA across the country. Sell and market liquefied petroleum gas to household, commercial and industrial customers.
Fuel LPG
50 kg
Bulk LPG
14 kg12 kg
Other Offerings
C-Store E-Payment Solution
Card Programmes
CommercialFully integrated business focusing on sales and marketing of bulk petroleum products with market leadership in domestic commercial market.
Diesel
Petroleum coke
Jet A-1
Sulphur
Fuel oil
Gasoline
Bitumen
Kerosene
ROVRA new and innovative way to refuel – Convenient, Seamless & Safe.
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© 2021 Petroliam Nasional Berhad (PETRONAS) |
Lubricant ProductsOffers wide range of lubricating products for automotive and industry applications
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Automotive Engine Oil Agriculture Functional Fluids Industrial & Marine
Base Oil
Fuel
LubricantsHydraulic fluids
ERS Coolant
PETRONAS Fluid Technology Solutions
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Petrochemicals PETRONAS Chemicals Group Berhad (PCG) has a fully integrated petrochemical business
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Fully integrated facilities and
infrastructures
Lower cost
Optimum yields
Greater flexibility
Market Leadership• LARGEST Methanol Producer in Asia Pacific &
4th globally• LARGEST MTBE, Butanol, BGE &
Ethanolamines Producer in SEA• 2nd LARGEST Ammonia & UREA Producer in
SEA
Completed acquisition of Da Vinci Group BV (DVG) in September 2019DVG is a global specialty chemicals company in silicone products & lubricants additive
Sales presence in 11 countries
5 plants (Malaysia, Canada, Netherlands, Germany & Singapore)
2 R&D labs (Malaysia & Netherlands)
Building Specialty Platform
>30
Subsidiaries & JV Partners
16.1MTPA
Manufacturing Capacity
17 27
Manufacturing Plants
MajorProducts
KEY FACTS
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© 2021 Petroliam Nasional Berhad (PETRONAS) |
Pengerang Integrated Complex (PIC)Single largest investment by PETRONAS ensuring security of supply
PIC CONSISTS OF THE REFINERY AND PETROCHEMICAL INTEGRATED DEVELOPMENT (RAPID)
REFINERY
STEAM CRACKER
3.3 MILLION METRIC TONNE PER ANNUMOF PETROCHEMICAL PRODUCT
C2 Olefins
C3 Olefins
C4 Olefins
Commodities
Differentiated
Specialty Chemicals
Further downstream /
customers
LPG & Naphtha
300, 000 BPDCRUDE OIL
PAMER
PCP + PTL
PDT2Water SupplyFacility
260 MLD of water*MLD : million litreper day
Pengerang CogenerationPlant & PengerangTransmission Line• Power > 1,200 MW
Steam at 1,480 tph• PTL spans over 52 km
Pengerang DeepWater Terminal
• 1.3 mil tonnes of petroleum
• 0.2 mil tonnes of chemical
RGT2 + PGPPRegasificationTerminal & Pengerang GasPipe line project• 2 x 200,000 m 3 LNG• 5 mtpa natural gas• Pipe line length 72 km
ASUAir Separation Unit
• O2 at > 41,000 Nm3/hr• N2 at > 25,900 Nm3/hr
Nm3/hr: Normal Meter Cubed per Hour
UFUtilities and Facilities
Provides control and shared utilities and facilities service
SUPPORTED BY SIX ASSOCIATED FACILITIES
220,000 BARRELS PER DAYPETROLEUM PRODUCTS
• Gasoline• Jet A1
(Gasoline and diesel meets euro 5 specification)
• Diesel• Fuel oil
PIC occupies 6,239 acres of land & located strategically with access to major
shipping lanes
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© 2021 Petroliam Nasional Berhad (PETRONAS) |
Gas & New Energy PortfolioProviding reliable & innovative cleaner energy
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Operating in 12 countries by >4,000 staff of 15 nationalities worldwide
Gas & Power Hydrogen
LNG Gas & Power
New Energy
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Integrated LNG ProviderExtensive experience in delivering energy security
PRODUCTION
PETRONAS Floating LNG SATU & DUA
Gladstone LNG, Australia
PETRONAS LNG Complex (PLC), Bintulu
Egyptian LNG, Idku
TRANSPORTATION
MISC Fleet of 27 LNG CarriersWorld’s leading owner-operator
of LNG carriers
REGASIFICATION
Regasification Terminal (Melaka & Johor)
TRADING & MARKETING
Presence in 9 countries globally with more than 30 years of on-time & on-schedule deliveries
> 12K
LNG KEY FACTS
Total LNG Cargoes Delivered
4th 1st
World’s Largest Producer
Floating LNG in the World
130 Tcf
Global Gas Resource
26As at 1 Jan 2020
Dragon LNG, Wales
7.3MTPA
2.2MTPA
~36 MTPA
Total Producing Capacity
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Revolutionised LNG Industry Enabling monetization of stranded natural gas resources through innovation
Gas Production Offshore Pipeline Gas Liquefaction Storage & Offloading
Shipping Storage & Regasification
Able to harvest gas up to 200 m underwater.
Total capacity: 1.2 mil tonnes per annum. Successfully delivered 30 cargoes since commissioning.
First moored at Kanowit Field, 180km offshore Bintulu. Successfully relocated to Kebabangan field, 90km offshore Kota Kinabalu.
Able to harvest gas up to 1,500 m underwater.
Total capacity: 1.5 mil tonnes per annum.
Currently moored at Rotan Field, 140km offshore Kota Kinabalu.
First cargo in March, 2021.
World’s First Floating LNG: PFLNG SATU
World’s First Deepwater Floating LNG: PFLNG DUA
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© 2021 Petroliam Nasional Berhad (PETRONAS) |
Gas & Power BusinessPETRONAS Gas Berhad (PGB), Malaysia’s leading gas infrastructure & centralisedutilities solutions provider
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GAS PROCESSING
Process upstream natural gas from offshore Peninsular Malaysia into salesgas, ethane, propane and butane
6 processing plants (located in Kerteh & Santong)
GAS TRANSPORTATION
Transport salesgas to shippers’ end-customers through pipeline network
2,623km of pipeline network in Peninsular Malaysia
REGASIFICATION
Receive imported LNG, store it in Regasification Terminal floating storage units & tanks, and convert the LNG to salesgas
Regas terminal at Sg. Udang, Melaka and Pengerang, Johor
UTILITIES
Produce, market and supply electricity, steam, industrial gases and other utility products to various petrochemical businesses and 3rd parties
- Cogen plant- Air separation unit- Demin & Colling Water- Nitrogen Gen Unit- Effluent treatment plant
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© 2021 Petroliam Nasional Berhad (PETRONAS) |
Gas Marketer & TraderPETRONAS Energy & Gas Trading (PEGT) fulfills customers’ processed gas & LNG demand in Malaysia & Singapore
VIRTUAL PIPELINE SYSTEMNorth MalayBasin
PENINSULARMALAYSIA
SARAWAK
SABAH
JDA B-17
JDA A-18
Gurun Lawit
Jerneh
Resak
PM-3 CAA
Angsi
West Natuna B
Duyong
Utilities Kerteh
Utilities Gebeng
Pasir Gudang
REGASIFICATION TERMINAL PENGERANG (RGTP)
PENGERANGINTEGRATED COMPLEX (PIC)
Kimanis
REGASIFICATION TERMINAL SG.
UDANG (RGTSU)
TTM
VRSB
GPK
GPS
BintuluTrain 9
PETRONAS LNG COMPLEX (PLC)
SAMUR
Miri
PFLNG1
PFLNG2
Power Steam450 1210MW MT/hour
Utilities (Kerteh & Gebeng)
2,060mmscfd
Gas Processing Plants
1,020mmscfd
Regasification Terminal(RGTSU & RGTP)
2,623km
Overall Pipeline
300MW
Power Plant(Kimanis)
Supplying LNG to off-grid customers in Pen. Malaysia
Legend
Industrial
Power Plant
LNG Regasification Terminal
Import Gas
Offshore Pipelines
PGU Phase 1
PGU Phase 2
PGU Phase 3
PGU Loop line
SSGP Pipeline
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© 2021 Petroliam Nasional Berhad (PETRONAS) |
New Energy Business Redefine the future of energy business, focusing on solar & wind
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600 MWSolar Capacity in operations and
under development
275+Projects
180+Commercial &
Industrial customers
250+Dedicated
Professionals
150+Sales Network Across Asia
Suria KLCC685 kW
Gebeng Solar IPP10 MW
India175 MW
Solaris190 kW
Italy440 kW
Growth Market
SOLS Energy Solar Startup
Vietnam / SEASolar & Wind
UAE / MESolar
JapanWind
TaiwanWind
MMHE West Pasir Gudang8.3 MW
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© 2021 Petroliam Nasional Berhad (PETRONAS) |
Hydrogen BusinessPropel PETRONAS towards creating a sustainable future through cleaner energy
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H2
H2
• Production of low carbon hydrogen from by-product• Production capacity of 8kTPA by 2021 and 20kTPA by 2023• Hydrogen can be transported in ammonia form or as per customer’s
requirement• Supply from peninsular Malaysia with ready facilities and resources
• Production of green hydrogen from renewable energy (hydro)• Production capacity of 70kTPA by 2025 and 100kTPA by 2027• Hydrogen can be transported as per customer’s specification• Supply from peninsular Malaysia and east Malaysia• Future supply nodes in other parts of the worldGreen Hydrogen
Blue Hydrogen
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© 2021 Petroliam Nasional Berhad (PETRONAS) |
Our CommitmentsWe aim to deliver sustainable impact, improving the quality of life and wellbeing of society
EDUCATION
Better the opportunities for underprivileged students to
realise their potential through STEM education
Better the standards of living for underprivileged communities & youth by creating pathways
for sustainable livelihood & better health
COMMUNITY WELLBEING & DEVELOPMENT
Better the environment through biodiversity,
conservation & carbon neutral programmes
ENVIRONMENTFOCUS AREAS
VALUE PROPOSITION
“Where Good Flourishes”
SENTUHAN ILMU SENTUHAN HARAPAN SENTUHAN ALAM
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