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Corporate : Company Background : Philosophy : Vision Statement

Vision Statement

"To be A Leading Oil and Gas Multinational Of Choice"

"Leading"

Leading refers to an advantaged portfolio of business within PE!"#$S%

 $dvantage will be increasingly based on capabilities%

&here PE!"#$S cannot create advantage' it will outsource or divest%

PE!"#$S will be both proactive and dynamic in developing a leading portfolioat its core ( the oil and gas business%

PE!"#$S seeks to be the vanguard of new developments%

)n each of the functions that supports this drive ( finance' human resource andtechnology ( PE!"#$S will also be proactive and dynamic%

he centre will be small' and add value' not cost%

Si*e will not be the key driver of portfolio development+ PE!"#$S aspires toachieve ,-uality growth,%

PE!"#$S will be customer focused%

"Multinational"

PE!"#$S aims to be a multinational in outlook' both e.ternally and internally%

E.ternally' PE!"#$S will focus on establishing a portfolio of advantaged

businesses internationally across the spectrum of its core oil and gas business% )nternally' PE!"#$S aims to become more multinational and develop an

increasingly international culture and world(class organisational' management

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and business practices while retaining a distinct /alaysian identity%

 $s PE!"#$S becomes increasingly multinational' it aspires to be a goodcorporate citi*en%

"of Choice"

PETRONAS aspires to e !eenl preferred all sta!eholders# host$o%ernments& oil and gas ma'ors& suppliers& and emploees(

To achie%e this& PETRONAS& oth the organisation and its indi%iduals& )illfocus on three imperati%es* 

Adherence to its Mission  To conduct itself in a )a )holl consistent )ith its Values   To maintain a resolute focus to)ards the realisation of its $oals

"+e are a usiness entit" PE!"#$S and its 0roup of Companies are on(going enterprises organised and run in a rational'economic and commercial manner with the purpose of enhancing its shareholders1 value or wealth%

his means that it must conduct itself in a professional' ethical and business(like manner where soundbusiness principles such as clear business ob2ectives' growth and profitability' and being customer(focused are the way of life in the corporation% o achieve this' PE!"#$S must be committed to

enhancing the capability of its employees' as a corporation is only as good as the people who work forit%

"Petroleum is our core usiness" PE!"#$S focuses its energy and allocates its resources to petroleum business' which is its core

business% his includes the integrated chain of activities covering e.ploration' development andproduction of oil' gas and condensates+ refining' trading and supply+ marketing+ distribution+

petrochemicals and other manufactured petroleum products and derivatives% PE!"#$S may alsoundertake other non(petroleum businesses that reinforce its strategy and performance of its corebusiness% o ensure continued future supply of petroleum for /alaysia as well as continued skill

building in its core business' PE!"#$S would selectively seek opportunities overseas to e.ploreand secure new reserves and develop and add value to these resources%

"Our primar responsiilit is to de%elop and add %alue to this national resource" Petroleum resources are the national resource of a nation' be it /alaysia or any other country in the

world% PE!"#$S1 mission is to develop and add value to these resources wherever it operates'

converting these resources into higher(value products that would satisfy the needs of customers andbring benefits to the people%

"Our o'ecti%e is to contriute to the )ell,eing of the people and the nation"  PE!"#$S1 goal is to contribute to the well(being of the people and nation where it operates% o fulfil

this role' all of its business activities must be viable and profitable% PE!"#$S1 contributions (designed to assist in enhancing the -uality of life of the people and help in the development of thenation ( include the provision of -uality petroleum and related products and services at a fair price+

promoting and creating business and 2ob opportunities in the petroleum industry+ enlarging thecountry1s industrial base+ and ensuring safe and clean environment%

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CORPORATE -.ENT-T/

0pstream Acti%ities 

PE!"#$S is actively engaged in the e.ploration' development and production of crude oil andnatural gas both at home and abroad% )n /alaysia' these activities are undertaken and managedthrough Production Sharing Contracts 3PSC4 with a number of international oil and gas companies aswell as with subsidiary PE!"#$S Carigali Sdn Bhd%he current focus of development is on thevarious oil and gas fields offshore Peninsular as well as East /alaysia% Currently PE!"#$S has 56producing oil fields and several others under development% hese oil fields produce 5 high -ualityblends of  crude: apis' Labuan' /iri' Bintulu and 7ulang% "ut of 896 gas fields discovered' areproducing with several more under development%

/alaysia currently produces about ;5<'<< barrels of oil per day and 5 billion cubic feet of gas perday% =or information on PE!"#$S1 historical productions of crude oil and natural gas' please visitthe "il and 0as page%

o augment /alaysia1s petroleum resources' PE!"#$S has since 8>>< pursued e.ploration'development and production activities outside /alaysia% hese activities are undertaken byPE!"#$S Carigali 3"verseas4 Sdn Bhd through various subsidiaries% Currently the company isactively involved in the upstream sector in 5 countries%

 $s at ?anuary <<@' /alaysia has about @%9@ billion barrels of crude oil reserves and about 9;%<trillion standard cubic feet of gas reserves% $s a result of increasing overseas activities' PE!"#$Shas accumulated international reserves of about A%> billion barrels of oil e-uivalent' including itsshare of reserves in the /alaysia(hailand ?oint 7evelopment $rea 3/?7$4%

Refining Process

Crude oil is made up of a mi.ture of hydrocarbons with different molecular arrangements% 7uring therefining process' the different hydrocarbons are separated into groups or fractions' while impuritiesare removed%

he refining process is fairly simple% Crude oil is first boiled' allowing the lighter fractions to evaporateand then recondense in a process called distillation% $s the different hydrocarbon components incrude oil has different boiling points' gradual heating and recondensing make it possible to separatethe components%  $t a refinery' crude oil is heated and recondensed in a fractioning tower with special trays at every

A<cm all the way up the tower to facilitate the separation process% &hen oil is heated' oil vapours riseup the tower before they cool down at different levels' turning back into li-uid% $ny oil that has notvapourised will flow down the tower%

he fractions with high boiling points will collect in the lower part of the tower' those with intermediateboiling points will collect in the middle' while those with low boiling points will condensate at a higherlevel% =or e.ample' the light fractions such as refinery gas' li-uefied petroleum gas' gasoline and naphthaare taken off at the top of the tower' while the heaviest' like tar and asphalt' are drawn off at thebottom% he other fractions like kerosene and diesel are withdrawn from the middle of the tower%  $s the various fractions condense and collect in the trays' they are piped off from each level of thetower% he various fractions may then be used directly as finished products or recombined to formother products%

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At 1ome

)n /alaysia' PE!"#$S owns and operates the PE!"#$S ertih !efinery through wholly(ownedsubsidiary PE!"#$S Penapisan 3erengganu4 Sdn Bhd% he refinery' PE!"#$S1 first refinerylocated in the State of erengganu' processes @<'<<< barrels of /alaysian light' sweet crude oil per

day% he refinery has been e.panded to include a condensate splitting facility known as !( with arated capacity of A6'5<< barrels per day of condensates% he naphtha produced is used as feedstockfor the $romatics plant ad2acent to the refinery% )n the State of /elaka' the PE!"#$S /elaka !efinery Comple. houses two refining trains% he firsttrain' known as PS!(8' is owned and operated by PE!"#$S Penapisan 3/elaka4 Sdn Bhd' awholly(owned subsidiary of PE!"#$S% Completed in 8>>@' the train has a capacity to process8<<'<<< barrels per day of /alaysian light' sweet crude and condensates%

he Comple.1s second train' the PS!(' is owned by /alaysia !efining Company Sdn Bhd' a 2ointventure between PE!"#$S and Conoco% "perated by PE!"#$S Penapisan 3/elaka4' the traincommenced operations in phases from 7ecember 8>>9 and has a rated capacity of 8<<'<<< barrelsper day of sweet and sour crude% 

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