Petra Energy Berhad Group information and updates RHB Oil ... PETRA SERVICES SB (813597-T) PETRA...

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  • Petra Energy Berhad

    Group information and updates

    RHB Oil & Gas Corporate Day Presentation | 5 March 2014

  • Presentation Overview

    Business OverviewBusiness Overview

    Business UpdatesBusiness Updates

    Corporate UpdatesCorporate Updates

    Financial Highlights

  • Vision Statement

    & Core Values

    Integrity – Commitment – Teamwork – Professionalism

    To Be an Oil & Gas Development Company

  • 4

    Corporate Updates

    Petra Energy Berhad

    Group information and updates

  • Corporate Structure - as at January 2014

    Major Shareholders - as at 06 January 2014

    Wasco Energy Ltd.

    (26.90%)

    Mohamed Nizam

    Abdul Razak

    (9.09%)

    Shorefield Resources

    Sdn Bhd (27.47%)

    Lembaga Tabung Haji

    (8.62%)

    Remaining Public

    Spread

    (27.92%)

    PETRA ENERGY BHD (718388-H)

    Shareholding & Corporate Structure

    PE INDUSTRIAL

    RESOURCES SB (fka Petra Boilers S/B)

    (452660-P)

    PE MARINE LTD (LL09503

    PE CHALLENGER LTD (LL10047)

    PE SHIP

    MANAGEMENT SB (841812-U)

    • PE MARINE ONE LTD (LL06749)

    BUMI SUBSEA SB

    (863752-P)

    PETRA

    RESOURCES SB

    (172962-D)

    PETRA

    FABRICATORS SB

    (425817-H)

    PE MARINE

    CAPITAL SB

    (1066572-A)

    PETRA MARINE

    SB

    (812250-D)

    PETRA SERVICES

    SB

    (813597-T)

    PETRA ENERGY

    DEVELOPMENT

    SB

    (806515-A)

    PE VENTURES SB

    (1050358-H)

    JURUTERA

    PERUNDING

    AKAL SB

    (400046-X)

    100% 100% 100% 100% 100% 100% 70%100%

    100%

    30%

    51%

    PE DEVELOPMENT

    LTD

    (LL09925)

    COASTAL ENERGY

    KBM SB (1011855-

    W)

    100%

    100%

    PE RESOURCES LTD

    (LL10146)

    100%

    100%

    100%

    100%

  • Board of Directors

    Dato’ Anthony Bujang

    Executive Director & CEO

    Ahmadi bin Yusoff

    Executive Director & Director of

    Strategic Planning & Corporate

    Services

    Abdul Rahim bin Abdul Hamid

    Senior Independent & Non Executive

    Director

    Ahmad Azra bin Salleh

    Independent & Non Executive

    Director

    Gian Carlo Maccagno

    Non Independent & Non Executive

    Director

  • Corporate Milestones

    • Petra Resources Sdn Bhd formed to undertake trading and supply activities for PSC’s /oil majors

    1988

    • Formation of Petra Perdana Berhad (now Perdana Petroleum Berhad)1995

    • Petra Resources Sdn Bhd was acquired by Petra Perdana Berhad Group.

    • Petra Perdana was also listed on the Malaysian Stock Exchange 2000

    • Petra Energy was incorporated (as Portfolio Hitech Sdn Bhd)2005

    • Petra Energy Berhad was listed on the Main Market of the Malaysian Stock Exchange (Bursa Malaysia Securities Berhad).

    2007

    • Shorefield Resources Sdn Bhd acquired a total of 30% stake in Petra Energy Berhad.

    2009

    • Private placement to Mohamed Nizam Bin Abdul Razak, 9.09% 2011

    • Entry of new shareholder - Wasco Energy Ltd.

    • Wasco acquired Perdana Petroleum’s 26.9% stake in Petra Energy. 2012

    • Raised capital through Rights Issue to fund SFRSC Project for the Kapal, Banang and Meranti fields

    2013

  • • The Group’s business activities are strongly driven by a HSSE culture, that is

    benchmarked against industry best practices.

    • PEB is nurturing HSSE as ‘second nature’ in the conduct of its business.

    Health Safety Security & Environment - Our Priority

  • • 1 million manhours without LTI Certificate - Petronas Carigali

    • 2.5 million manhours without LTI Certificate from CAT 3 Contract - Shell

    • 1,095 Goal Zero Days - provision of E & I Maintenance Services | Oct. 2009 - Sept.

    2012 - Nippon Oil

    • 1,825 Goal Zero Days - provision of maintenance services of Caterpillar equipment -

    Sabah Shell & Sarawak Shell | October 2007 - October 2012

    • 1,825 Goal Zero Days - provision of Mechanical & Rotary MTCE workshop & services -

    Shell (SSB/SSPC) | Feb 2007 - Jan 2012

    • 1,500 LTI Free Manhours – provision of Offshore Services Contract (OSC) for Gumusut

    – Kakap Development | Nov 2012 – Aug 2013

    The Group was presented with a

    Certificate of Appreciation for

    implementation of the P&E

    Strategy No. 8 by PCSB, which

    demonstrates strengthened HSE

    performance

    Over the years the Group received many HSSE accolades and achievements from its key

    clients namely, SHELL, Petronas Carigali and ExxonMobil, amongst others.

    Health Safety Security & Environment - Our Priority

  • 10

    Petra Energy Berhad

    Group information and updates

    Business Overview

  • Business Overview

    INTEGRATED BROWNFIELD MAINTENANCE & ENGINEERING

    � Top-side Major Mainenance/Hook-up Construction & Commissioning

    � Project Management, Procurement & Logistics

    � Engineering, Operations & Maintenance

    � Oil Field Optimisation

    � Equipment, Packaging & Manufacturing

    DEVELOPMENT & PRODUCTION (SMALL FIELD RSC)

    � Dev. & Prod. of petroleum from Kapal, Banang & Meranti small fields offshore Terengganu

    MARINE OFFSHORE SUPPORT

    � 3 workboats, 4 workbarges & 1 AHTS

    DESIGN, FABRICATION, SUPPLY & INSTALLATION

    � Design & Fabrication of process and heat transfer equipment

    � Engineering design & project management

    ENGINEERING & PROJECT MANAGEMENT SERVICES

    NEW BUSINESS

    � Brownfield development

    � Subsea services & Underwater IMR

  • Business Updates

    Petra Energy Berhad

    Group information and updates

  • • 5 year Contract - part of the Pan Malaysia

    Cluster of jobs.

    • Major milestone - biggest contract to-date.

    • Scope of Work : HuC & Topside Maintenance

    for PCSB’s facilities offshore Sabah &

    Sarawak Waters. Project has been mobilized

    last quarter of Year 2013 and currently in

    operations.

    HuC Contract

    Pan Malaysia HuC

    (SKO & SBO Waters)

    Integrated Brownfield Maintenance & Engineering

  • • Tapis R - HUC Project (sub-contractor to

    MMHE) ExxonMobil project.

    • Scope of Work - Hook-up &

    Commissioning.

    • Scope of work - HUC - 16000 ton platform

    (fabricated onshore) complete module

    • Offshore Implementation - ~March 2014

    HuC Contract

    for ExxonMobil’s

    Tapis R

    First Deepwater Project - Provision of

    Offshore Services Contract for the Gumusut-

    Kakap Development Project by Shell.

    Awarded - 25 October 2012

    Scope of Work : HuCC, E&I, Piping etc.

    Contract duration : 30 months.

    • FPS installed - July 2013

    • Offshore HuC in progress

    • Manpower strength offshore - 250

    • Manhours to date – 784k as at Feb 2014

    • LTI Free days - 365

    Gumusut Kakap

    Deepwater

    Project

    Integrated Brownfield Maintenance & Engineering

  • Exploration of Marginal Field – RSC Contract

    Development & Production of Small Field, Kapal Banang

    and Meranti fields offshore Terengganu through RSC

    contract developed together with Coastal Energy and

    operating as Coastal Energy KBM Sdn Bhd (30% equity

    stake owned by PEB Group).

    Development & Production

    • The RSC development project is underway & on-

    going as scheduled and within budget.

    • CAPEX for the RSC Project - USD300 million

    • An eight year development project with the Kapal

    field being in its first phase of production

    • First oil achieved – 16 December 2013 – Kapal

    field

    • Initial production rates at 10,000 bopd with peak

    production at 13,000 bopd

    • Plan by Petronas to continue determining

    potential production from the KBM cluster

  • • PEB participate in major onshore engineering and maintenance services for the

    O&G industry. Major contracts undertaken by Kemaman (Terengganu) and

    Piasau (Miri) being the main operational hub for these services.

    • Engineering Operations & Maintenance provide a full range of repairs, overhaul

    & maintenance services includes the following;

    • Gas & diesel engine overhaul

    • Mechanical equipment refurbishment

    • Electrical & instrument maintenance

    & calibration

    • Plant engineering & shutdown, site

    decommissioning, assembly & disassembly

    & start-up

    • Packaging and hydrostatic testing

    • Crane operations and maintenance

    • Compressor servicing

    Engineering Operations & Maintenance

  • • Petra Fabricators, a subsidiary of PEB

    specializes in the design an