Petroliam Nasional Berhad Analysis across The Oil and Gas Value Chain

Global Markets Direct, September 2008, Pages: 140

Petroliam Nasional Berhad Analysis across The Oil and Gas Value Chain

Summary

Petroliam Nasional Berhad (PETRONAS) Analysis across The Oil and Gas Value Chain is an essential source for data, analysis and strategic insight into Petroliam Nasional Berhad (PETRONAS). The report provides key information relating to oil and gas assets of the company and financial, SWOT and value chain analysis of the company. The report examines company’s business structure and operations, history and products, and provides an analysis of its key revenue lines. It inspects the company’s strategy, both in terms of its value chain positioning and strategic strengths and weaknesses.

Scope

- Provides historical production or capacity data on Petroliam Nasional Berhad (PETRONAS)’s oil and gas assets across value chain.
- Analyses and forecasts output for major oil and gas assets to 2020.
- Reports oil and gas exploration assets for each country including operator and equity details for major oil and gas assets of Petroliam Nasional Berhad (PETRONAS)
- Critical analysis of Petroliam Nasional Berhad (PETRONAS)’ s strengths, weaknesses opportunities and threats and positioning on the value chain.
- Provides summary analysis of key revenue lines and strategy.
- Details on Petroliam Nasional Berhad (PETRONAS)’s history, key executives, business description, locations and subsidiaries as well as a list of products and services and the latest available company statement.
- Product and brand updates, strategy changes, financial events.
- Latest mergers and acquisitions, partnerships or financings of Petroliam Nasional Berhad (PETRONAS) including debt, equity or venture finance.

Reasons to buy

- Research your competitors business structure, strategy and prospects.
- Assess your competitor’s major energy assets and their historic and forecast performance.
- Identify and assess potential corporate and asset investment opportunities
- Support sales activities by understanding your customers businesses better.
- Qualify prospective partners and suppliers.
- Obtain up to date company information

1 2
1.1 List of Tables 10
1.2 List of Figures 11
2 Company Snapshot 12
2.1 Key Information 12
2.2 Company Overview 12
2.3 Financial Performance 12
2.4 Industry Outlook - Production & Exploration 12
2.5 Industry Outlook - Pipelines 13
2.6 Industry Outlook - Tankers 14
2.7 Industry Outlook - LNG Terminals 15
2.8 Industry Outlook - Refining 16
2.9 SWOT Snapshot 16
3 Petroliam Nasional Berhad (PETRONAS) , Crude Oil Forecasts, 2000-2012 17
3.1 Petroliam Nasional Berhad (PETRONAS) , Crude Oil Forecasts, By Fields 17
3.2 Petroliam Nasional Berhad (PETRONAS) , Gross Revenue Forecasts, By Fields 18
3.3 Petroliam Nasional Berhad (PETRONAS) , Total Government Take Forecasts, By Fields 19
3.4 Petroliam Nasional Berhad (PETRONAS) , Contractor Take Forecasts, By Fields 20
4 Petroliam Nasional Berhad (PETRONAS) , Exploration and Production Summary 21
4.1 Petroliam Nasional Berhad (PETRONAS), Fields under development 21
4.2 Petroliam Nasional Berhad (PETRONAS) , Active Exploration Blocks, by Country, 2000-2007 21
4.3 Petroliam Nasional Berhad (PETRONAS), Crude Oil Production, by Country 23
4.4 Petroliam Nasional Berhad (PETRONAS), Natural Gas Production, by Country 24
5 Business Description 26
5.1 Business Overview 26
5.2 Exploration and Production Segment 26
5.2.1 Overview 26
5.2.2 Production 26
5.2.3 Financials 27
5.2.4 Capital Expenditure 27
5.2.5 Key Strategies 27
5.3 Gas Business Segment 27
5.3.1 Overview 27
5.3.2 Production 28
5.3.3 Financials 28
5.3.4 Capital Expenditure 28
5.3.5 Key Strategies 28
5.4 Logistics and Maritime Segment 29
5.4.1 Overview 29
5.4.2 Production 29
5.4.3 Financials 29
5.4.4 Capital Expenditure 29
5.4.5 Key Strategies 29
5.5 Oil Business Segment 29
5.5.1 Overview 29
5.5.2 Production 30
5.5.3 Financials 30
5.5.4 Capital Expenditure 30
5.5.5 Key Strategies 30
5.6 Petrochemicals Segment 31
5.6.1 Overview 31
5.6.2 Production 31
5.6.3 Financials 31
5.6.4 Capital Expenditure 31
5.6.5 Key Strategies 31
5.7 Major Products and Services 32
5.7.1 Overview 32
6 History 33
7 Business Strategy 38
7.1 Mission Statement 38
7.2 Strategy 38
7.3 Corporate Social Responsibility 38
7.3.1 Overview 38
7.3.2 Specific CSR Initiatives 39
8 Value Chain Analysis 41
8.1 Upstream 41
8.1.1 Overview 41
8.1.2 Financials, Production and Major Projects 42
8.2 Midstream 42
8.2.1 Overview 42
8.2.2 Financials, Production and Major Projects 42
8.3 Downstream 43
8.3.1 Overview 43
8.3.2 Financials, Production and Major Projects 43
8.4 Retail 44
8.4.1 Overview 44
8.4.2 Financials, Production and Major Projects 44
9 SWOT Analysis 45
9.1 Overview 45
9.2 Petroliam Nasional Berhad (PETRONAS) Strengths 45
9.2.1 Robust Revenue Growth 45
9.2.2 Diversified Operations 46
9.2.3 Strong Upstream Assets 46
9.3 Petroliam Nasional Berhad (PETRONAS) Weaknesses 47
9.3.1 Declining Margins 47
9.3.2 Supply Disruption 47
9.4 Petroliam Nasional Berhad (PETRONAS) Opportunities 47
9.4.1 Expanding Retail Network 47
9.4.2 Increasing LNG Capacity 48
9.4.3 Rising Demand for Oil and Natural Gas 48
9.4.4 Growing Demand for Refined and Petrochemical Products in China 48
9.5 Petroliam Nasional Berhad (PETRONAS) Threats 49
9.5.1 Price Escalations 49
9.5.2 Stringent Laws and Regulations 49
9.5.3 Intense Competition 50
9.5.4 Geopolitical Risks 50
10 Competitors 51
11 Revenue Analysis 52
11.1 Revenue by Segment 52
11.2 Revenue by Geography 53
12 Financial and Operational Review 54
12.1 Financial Statements 54
12.2 Financial Ratios 55
13 Operational Indicators 56
14 Key Employees 57
15 Key Employee Biographies 58
16 Company Statement 59
17 Locations And Subsidiaries 62
17.1 Head Office 62
17.2 Other Locations & Subsidiaries 62
18 Financial Deals Landscape 64
18.1 Asset Purchase 64
18.1.1 Total E&P Malaysia Acquires 70% Interest in Two Offshore Blocks in Malaysia From Petronas 64
18.1.2 PETRONAS Carigali Acquires 25% Interest In Australia’s Nt/P48 Permit From Shell 65
18.1.3 Edison International To Sell West Delta Deep Marine Concession To Petronas 66
18.1.4 Petronas Acquires Interest In Munir Block 68
18.1.5 Santos Receives Regulatory Approval To Sell 40% Stake In Gladstone Liquefied Natural Gas Project 69
18.2 Partnership 71
18.2.1 Petronas Signs Joint Venture Agreement With Shell And ConocoPhillips 71
18.2.2 Petronas Dagangan Signs A Joint Venture With Assar Senari Sdn And Shell Timur Sdn 73
18.2.3 PETRONAS Forms A Joint Venture With PT PLN 74
18.2.4 Lundin Petroleum Signs Partnership Agreement With PETRONAS 75
18.2.5 Newfield Exploration Company Forms Partnership With PETRONAS Carigali 77
18.2.6 ConocoPhillips Signs A Production Sharing Contract With PETRONAS 78
18.2.7 ExxonMobil Signs New Production Sharing Contract With PETRONAS 79
18.2.8 Petronas Signs An Agreement With ONAREP 80
18.2.9 PETRONAS Signs Production Sharing Contract With Murphy Sabah Oil 82
18.2.10 PETRONAS Signs Production Sharing Contract With PTTEP International 83
18.2.11 Newfield Exploration Signs Production Sharing Contract With PETRONAS 84
18.2.12 PETRONAS Signs Production Sharing Contract With Kufpec 85
18.2.13 PTT Signs Joint Marketing Agreement With PETCO 87
18.3 IPO 88
18.3.1 Cairn Energy Closes $822 Million Pre-Flotation Private Placing Of Cairn India Shares 88
18.3.2 Cairn India Announces Private Placement Of $628.28 Million 90
18.4 Private Equity 92
18.4.1 Kohlberg Kravis Sells FL Selenia To PETRONAS 92
18.5 Acquisition 93
18.5.1 Petronas Acquires Mobil Oil Sudan 93
18.5.2 PETRONAS Carigali Overseas Acquires Kerr-McGee Indonesia From Kerr-McGee Corporation 95
18.5.3 PETRONAS Acquires 4% Shareholding In Centrica Plc 96
18.5.4 PETRONAS Acquires Kuwait Petroleum (Thailand) From Kuwait Petroleum International 97
18.5.5 PETRONAS Acquires Woodside Mauritania And Wel Mauritania From Woodside 99
18.5.6 PETRONAS Acquires FL Selenia From Kohlberg Kravis 101
18.5.7 PETRONAS International Acquires Star Energy Group 102
19 Recent Developments 105
19.1 License Rounds 105
19.1.1 Apr 14, 2008: Saudi Arabia To Invite Bids For Oil Refinery At Jizan In May 2008 105
19.2 License Awards 105
19.2.1 Jun 17, 2008: Mitsubishi Signs PSC With Petronas And Its Subsidiary And Newfield 105
19.2.2 May 23, 2008: Indonesia Awards Exploration Rights For Five Oil And Gas Blocks 106
19.2.3 May 14, 2008: Petronas To Develop New Oil Fields In Uzbekistan 106
19.3 Strategy and Business Expansion 107
19.3.1 Jul 15, 2008: Petronas To Reconsider Investing On South Pars LNG Project 107
19.3.2 Jun 09, 2008: Petronas Delays Oil Refinery Project In Sudan 107
19.3.3 May 25, 2008: GMR To Join Petronas For Oil Hunt In India 108
19.3.4 Mar 31, 2008: Petronas, CNPC In Talks To Explore Myanmar Blocks 108
19.3.5 Mar 26, 2008: ExxonMobil Enters Production Sharing Contract With PETRONAS 109
19.3.6 Jan 30, 2008: Shell To Jointly Develop Gumusut-Kakap Field, Offshore Malaysia 110
19.3.7 Dec 11, 2007: PETRONAS Enters Agreements In Uzbekistan 110
19.3.8 Dec 07, 2007: PETRONAS Awards PSC To Nippon And PETRONAS Carigali 111
19.3.9 Sep 24, 2007: Shell, PETRONAS Sign Strategic Agreement 111
19.3.10 Jun 29, 2007: Petronas Launches LPG Plant In Vietnam 112
19.3.11 Feb 15, 2007: Petronas Announces Construction On SOGT Projects 112
19.4 Recent Discoveries 113
19.4.1 Jun 23, 2008: Eni Makes New Gas Discovery In Pakistan 113
19.5 Drilling and Production Updates 113
19.5.1 Jul 26, 2008: Petronas To Conduct Geological Exploration Work In The Surkhanski Bloc 113
19.5.2 Jul 15, 2008: Malaysia Sees Minor Decline In Its Total Oil Reserves 114
19.5.3 May 08, 2008: Lundin Updates On Wan Machar-1 Exploration Well, Sudan 114
19.5.4 May 07, 2008: ROC Suspends Banda NW ST-1 Well 115
19.5.5 Mar 25, 2008: ROC Updates On Khop-1 Exploration Well 115
19.5.6 Mar 19, 2008: ROC Provides Drilling Update 115
19.5.7 Mar 14, 2008: Lundin Commences Drilling At Wan Machar-1 In Block 5b, Sudan 116
19.5.8 Mar 10, 2008: Lundin Updates On Nyal-1 Well 117
19.5.9 Mar 04, 2008: ROC Provides Operational Update 117
19.5.10 Feb 13, 2008: ROC Provides Operational Update 119
19.5.11 Feb 13, 2008: Lundin Commences Drilling At Block 5B, Sudan 120
19.5.12 Aug 21, 2007: Murphy Announces First Oil Production From Deepwater Kikeh Field 121
19.6 Financial Announcements 121
19.6.1 Jul 15, 2008: Petronas Reports Year-End Fiscal 2008 Results 121
19.6.2 Jun 29, 2007: Petronas Reports 2006 Results 123
19.7 Other Significant Developments 123
19.7.1 Jun 11, 2008: BPCL To Purchase Oil From Iran, Renews Petronas Supply 123
19.7.2 May 26, 2008: Petronas Quits From Philippine Oil Field 124
19.7.3 May 16, 2008: Petronas Starts Commisioning Of Methanol Plant 124
19.7.4 May 01, 2008: Petronas Optimistic On Morocco Oil Exploration 125
19.7.5 Apr 03, 2008: Petronas Finds Two Ruptures In Myanmar Gas Pipeline 125
19.7.6 Feb 20, 2008: ROC Provides Operational Update 126
19.7.7 May 11, 2007: Petronas Signs Agreement With Shikoku Electric 127
19.7.8 Mar 08, 2007: Petronas Extends LNG Supply Agreement With Saibu Gas 127
19.7.9 Feb 26, 2007: Petronas Enters Supply Agreement 127
19.8 New Contracts Announcements 128
19.8.1 Aug 12, 2008: UMW Receives $180 Million Drilling Rig Contract 128
19.8.2 Jul 09, 2008: ProSep Signs CAD3.3 Million Contract For Petronass Gumusut-Kapap Deep-Water Project 128
19.8.3 Jul 07, 2008: Petra Energy Wins $86 Million Worth AHTS Contracts 128
19.8.4 Jul 03, 2008: Tanjung Receives Contracts From PCSB For Provision Of Offshore Support Vessels 129
19.8.5 May 26, 2008: Kencana Close To Reach MYR500 Million Contract 129
19.8.6 Apr 28, 2008: Seadrill Wins Four Year Contract From Petronas 130
19.8.7 Apr 21, 2008: Petronas Awards Contracts To MISC And Sime Darby 130
19.8.8 Apr 10, 2008: Wah Seong Wins Contract From Petronas 130
19.8.9 Mar 07, 2008: Dialog Wins MYR1.6 Billion Contract From PETRONAS 130
19.8.10 Mar 07, 2008: Punj Wins $500 Million Pipeline Project In Malaysia 131
19.8.11 Nov 28, 2007: Tanjung Wins New Contract From Inai Offshore 131
19.8.12 Oct 25, 2007: Scomi Wins MYR157 Million Contract In Turkmenistan 131
19.8.13 Aug 23, 2007: Technip Gets Contract For Cili Padi Gas Field Development 132
19.8.14 Jul 18, 2007: Halliburton Receives Contract Worth $200 Million 132
19.8.15 May 08, 2007: Petronas Enters Contract With Petronas Carigali And Kufpec 133
19.8.16 Mar 23, 2007: Petronas Enters Contract With BHP Billiton And Petronas Carigali 133
19.8.17 Oct 30, 2006: Petronas Explores Hydrocarbons In Timor Sea 133
19.8.18 Sep 26, 2006: Petronas Gets New Block In Indonesia 134
20 Appendix 135
20.1 Methodology 135
20.1.1 Coverage 135
20.1.2 Secondary Research 136
20.1.3 Primary Research 136
20.1.4 E&P Forecasts 137
20.1.5 Midstream Forecasts 139
20.1.6 Expert Panel Validation 139
20.2 Contact Us 140
20.3 About us140
20.4 Disclaimer 140

Executive Summary

1.1 List of Tables
Table 1: Petroliam Nasional Berhad (PETRONAS),Key Facts, 2007 12
Table 2: Petroliam Nasional Berhad (PETRONAS) ,Crude Oil Production And Forecasts (Boe) by Fields ,2000-2012 17
Table 3: Petroliam Nasional Berhad (PETRONAS) , Gross Revenue ($thousand) by Fields, 2008-2012 18
Table 4: Petroliam Nasional Berhad (PETRONAS) , Total Government Take ($thousand) by Fields, 2008-2012 19
Table 5: Petroliam Nasional Berhad (PETRONAS) , Contractor Take ($thousand) by Fields, 2008-2012 20
Table 6: Petroliam Nasional Berhad (PETRONAS), Fields under development 21
Table 7: Petroliam Nasional Berhad (PETRONAS), Number of Exploration Blocks, by Country, 2000-2007 22
Table 8: Petroliam Nasional Berhad (PETRONAS), Crude Oil Production (BBls), by Country, 2000-2007 24
Table 9: Petroliam Nasional Berhad (PETRONAS), Natural Gas Production (MMcf), by Country, 2000-2007 25
Table 10: Petroliam Nasional Berhad (PETRONAS), SWOT Analysis , 2007 45
Table 11: Petroliam Nasional Berhad (PETRONAS), Revenue by Segment, USD Million, 2003-2007 52
Table 12: Petroliam Nasional Berhad (PETRONAS), Revenue by Geography, USD Million, 2003-2007 53
Table 13: Petroliam Nasional Berhad (PETRONAS), Financial Statements, USD Million, 2003-2007 54
Table 14: Petroliam Nasional Berhad (PETRONAS), Financial Ratios, USD Million, 2003-2007 55
Table 15: Petroliam Nasional Berhad (PETRONAS) Operational Indicators, 2003-2007 56
Table 16: Petroliam Nasional Berhad (PETRONAS), Key Employees, 2007 57
Table 17: Petroliam Nasional Berhad (PETRONAS), Other Locations 62
Table 18: Petroliam Nasional Berhad (PETRONAS), Subsidiaries 63
Table 19: Brent Blend NYMEX Future Prices 139

The following companies are the major competitors of Petroliam Nasional Berhad (PETRONAS):
Bangladesh Mineral Oil & Gas Corporation
China National Petroleum Corporation
Chinese Petroleum Corporation
Indian Oil Corporation Limited
Japan Petroleum Exploration Co., Ltd.
Kuwait Petroleum Corporation
Nippon Oil Corporation
PetroChina Company Limited
PT Energi Mega Persada Tbk.
PT Pertamina (Persero)
Royal Dutch Shell plc
Singapore Petroleum Company Limited
Exxon Mobil Corporation

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