240407 deep water malaysia

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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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