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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 aprofit 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 Thailandrecently
India: Active E&P activity,
70% of offshore acreage is
deepwater
Vietnam: Considerable
deepwater potential
Malaysia: Offshore Saba
is the regions explorati
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 and87.95 trillion cubic ft of gas reserves
Deepwater
gas
4%
Shefal gas
96%
Shelfal oil74%
Deepwater oil
26%
5.25 billion barrels of oil andcondensate
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 portioof 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 asDeepwaterRegional
Hub
DeepwaterPSC
Introduced
KebabanganGas
Discovered
FirstDeepwaterExploration
Well (1170m)
Kamunsu East(Gas)
Discovery
Kikeh OilDiscovery
Limbayong GasDiscovery
Gumusut/KakapOil Discovery
Ubah, Pisanganand Jangas Oil &Gas Discoveries
Kikeh FDP ApprovedFirst SPAR in Malaysia
First GAP Application inthe World
Malikai Oil DiscoveryFirst SBL Application in
Malikai
Source: Petronas
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Deepwater/ Ultra Deepwater Discoveries
ShellQ2 2013>1000 m2.2 tscfKamunsu
ShellQ3 2012>1000 m56 mmboePisangan
ShellQ2 2012>1000 m215 mmboeUbah Crest
Murphy OilQ4 2011>1000 m81 mmboeJangas
ConocoPhillipsQ3 2011> 200 m2.2 tscfKebabangan
ShellQ2 2011480 m108 mmboeMalikai
ShellQ4 2010/
Q1 2011
1,100 m620 mmboeGumusut/Kakap
Murphy OilQ2/Q32007
1,300 m536 mmboeKikeh
OperatorOnstreamDate
WaterDepth
RecoverableField name
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Fast Track Implementation of Deepwater Projec
Kikeh
Gumusut/Kakap
Malikai
Kebabangan
Jangas
Ubah Crest
Pisangan
Kamunsu
2008 2009 2010 2011 2012 2013
ExplorationStrategy
Exploration
Appraisal & ReservoirEvaluation
Field Development Studies
Preliminary Engineering
Project Implementation
Indicativefirst oil
end
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Malaysia: Total expenditure: USD35,683 millionExpenditure Breakdown 2007-2010
430
113
6,299
972
2,953
656289
83
915,868
10,053
8,558
2,110
438
- 2,000 4,000 6,000 8,000 10,000 12,
US$ million
Seismic Data Acquisition
Reservoir Management
Offshore Drilling
Subsea Technologies and Equipment
Fixed Platforms
Floating Platforms
latform 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 establishstrong bases in Malaysia
Pipeline installationInstallation
Subsea Modules
Umbilical/Fluid Transfer Lines (FTL)
Flowline & Risers
Design, Engineering &Manufacturing
Fabrication Topside & HullSupport Structure Fabrication
Hull Design Floating Vessels/Wet
Tree Units
Hull Design Dry Tree units (DTU)
Topside Design
Support Structure Engineering
FEED & Feasibility StudiesDevelopment Concept
Key ActivitiesKey Areas
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 majordistinct races. Advantage to differentiateraces for business and social reasons
Personal relations are important forbusiness. 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 inworkplace and business relations. Once aperson loses face, he/she may withdraw
from the interactions of business negotiationaltogether.
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Malaysia: Business Culture
Respect for elders by the way onespeaks, addresses or behaves
towards ones elder. Managers or leaders are
considered elders and wise.
Decisions of leaders hardlychallenged.
Understand the Decision MakingProcess of the organization you
are dealing with crucial forbusiness success
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