Passionate About Progress - fileservicecdn.petronas.com

© 2021 Petroliam Nasional Berhad (PETRONAS)All rights reserved. No part of this document may be reproduced in any form possible, stored in a retrieval system, transmitted and/or disseminated in any form or by any means (digital, mechanical, hard copy, recording or otherwise) without the permission of the copyright owner.

Passionate About ProgressPETRONAS Corporate Profile & Business Overview

Briefing toxxx

xxx

Open

© 2021 Petroliam Nasional Berhad (PETRONAS) |

Presentation Outline

• About PETRONAS

• Upstream

• Downstream

• Gas & New Energy

• Commitment

2

Open

About PETRONAS

Open


PETRONAS JourneyEvolution of domestic player to global multinational

Formative Years Building Capacity & Capability Global Player

PETRONAS incorporated on 17 Aug

1974

Introduced and signed 1st PSC to replace concession system

1976

Dulang - 1st oil discovery

1981 PETRONAS’ 1st

service station

Expanded into petrochemicals with ABF

1980

1983

1st Refinery in Kertih

1991

1st international venture into Vietnam

1996

Acquisition of Engen Ltd in South Africa

2016 PFLNG SATU -World’s 1st

Floating LNG

2015

Gladstone LNG – 1st

Production & Shipment

2012

Acquisition of Progress Energy in Canada

1978 Incorporation

of PETRONAS Carigali

Commencement of Malaysia LNG

project

2017Completion of

SAMUR Project, region’s largest

ammonia plant

1998

PETRONAS ventured into Sudan

4

Completion of PETRONAS

LNG Complex in Bintulu

1982

2012

1st RGT in Malaysia

2013

1st oil from Iraq2020

PFLNG DUA sailed away to Rotan gas field offshore Kota Kinabalu, Sabah2021

PIC – PETRONAS’ single largest downstream investment – is market-ready

2019

1st foray into renewable energy via acquisition of

Amplus

2008

Establishment of PETRONAS Lubricants

International

Open


Custodian of National ResourceWorking closely with ministries to develop the national petroleum sector

Ministry of Environment &

Water

Ministry of Finance

Ministry of Domestic Trade

& Consumer Affairs

Ministry of Energy & Natural

Resources

Prime Minister’s

Department (Economy)

Ministry of International

Trade & Industry

PS Contractors/ Operators

Custodian-manages the

petroleum resources of the

Nation

PDA 1974

YAB Prime Minister

5

Open


Purpose & ValuesUpholding our ‘Amanah’ and setting our course for the future

Statement of Purpose

A progressive energy and solutions partner enriching lives for a sustainable future

LOYALTYLoyal to corporation

Shared ValuesINTEGRITYHonest and upright

PROFESSIONALISMStrive for excellence

COHESIVENESSUnited, trust and respect for each other

Cultural BeliefsCultural Beliefs

Customer FocusedI deliver solutions from the customer lens

Innovate NowI challenge norms and push boundaries

Be EnterprisingI seek opportunities and make them happen

Speak UpI express my views openly

Courage To ActI take action to progress with pace

Open


Maximizing Cash Generator

Three-Pronged Growth StrategyPursuing growth strategy on key area to future-proof our business

1Sweating valuable assets to secure strong & stable cash flows, providing a solid base for profitability & foundation for growth

Expanding Core Business2

Expanding our resource base & growing the integrated business model where opportunities arise to strengthen our O&G core

Stepping-Out3Build capabilities in new businesses to improve our future readiness, allowing us to capitalize on global trends

7

Open


Building on Operational Excellence Strengths

Accelerate Technology &

Innovation Stewardship

Net Zero Carbon Emissions by 2050 Our Sustainability Aspiration in support of our current business resilience

8

PETRONAS’ Sustainability Agenda

Lenses

Sustainability Aspiration

Invest in Nature-based Solutions

Make Cleaner Energy more Accessible

Open

Presenter

Presentation Notes

Continued value creation Drive long-term business value creation through responsible investments. Positive social impact Create positive alliances with the communities where we operate, by protecting and adding value to the wellbeing of employees, partners and the society. Safeguard the environment Collaboratively reduce environmental impact by transitioning to lower carbon. Responsible governance Safeguard the organization’s commitment through strong governance mechanisms and ethical business practices.


Our ProfileOur people are our strength

9

18

6,715

13,136

25,733

33,944

40,992

46,145 49,193

53,149 53,215 51,034 49,911

48,001 47,669

1974 1985 1995 2002 2005 2010 2012 2013 2014 2015 2016 2017 2018 2019

Workforce Strength(total headcount)

Workforce Composition

86 111

2012 2019

Nationalities

27% 27%2012 2019

Women Workforce

52% 48%

2012 2019

< 35 years old

1% 4%

2012 2019

Women in Leadership

As at 1 Jan 2020

20% 20%

2012 2019

Non-Malaysian

Open


Executive Leadership TeamDriving performance and steering business growth

YM Tengku Muhammad TaufikPresident & Group CEO

Adif ZulkifliExecutive Vice President

& CEO Upstream

Datuk Md Arif MahmoodExecutive Vice President

& CEO Downstream

Liza MustaphaExecutive Vice President

& Group CFO

Bacho PilongSenior Vice President

Project Delivery & Technology

Mazuin IsmailSenior Vice President

Corporate Strategy

Razman HashimSenior Vice President

Group Legal

UPSTREAM DOWNSTREAM FINANCE

LEGAL HUMANRESOURCES

CORPORATESTRATEGY

PROJECT DELIVERY &

TECHNOLOGY

GAS & NEW ENERGY

Adnan Zainol AbidinExecutive Vice President & CEO Gas & New Energy

Farehana HanapiahSenior Vice President

Group Human Resource Management

10

Open


PETRONAS Integrated BusinessAdding value to every single molecule through integration across the chain

PETRONASalso includes

11

PETRONAS ICT

PETRONAS Leadership

Centre

Open


PETRONAS Domestic Oil & Gas AssetsInvesting in critical infrastructure to connect the reservoir to the consumers

*Map is for illustration only and not to scale.

Floating LNG

LNG Regasification TerminalLegend

Petrochemical PlantRefinery

LNG Processing Plant

Gas Fields

Oil Fields

Bintulu

Miri

Labuan

KEDAH

PERLIS

PERAK

KELANTAN

TERENGGANU

PAHANG

JOHOR

SELANGOR

Kertih

Gebeng

MELAKA

NEGERI SEMBILAN

PULAU PINANG

SOUTH CHINA SEA

STRAITS OF

MELAKA

Kimanis

S A R A W A K

S A B A HSAMUR, Sipitang

Pasir Gudang

Gurun

Lahad Datu

SABAH-SARAWAK GAS PPELINE

PETRONAS LNG COMPLEX (PLC)

Regasification Terminal Sg. Udang(RGTSU)

PENGERANG INTEGRATED COMPLEX (PIC)

Train 9

DepotPower Plant

8 LPG Bottling Plants

13 Aviation Terminals

17 Fuel Terminals10 Bunkering Facilities

Service Stations1,065NGV Fuelling Stations100 NGV

12

4 Refineries Regasification Terminals2

Regasification Terminal Pengerang (RGTP)

Producing Fields151Platforms & Subsea Structure387

Floaters19

Onshore Terminals14

As at 1 Jan 2021Open

Upstream

Open


Regulator Role in MalaysiaCustodian to manage sustainable exploitation of Malaysia’s petroleum resources

14

Relationship Features

Government of Malaysia

PSC / RSC Contractors

PDA1

PA2

• Entire ownership of Nation's petroleum resources is vested to PETRONAS

• PETRONAS has exclusive rights to exploit Nation's petroleum resources

• Converted Concession System to PSC/RSC

• Provide a more equitable partnership

• Stipulates contractual period, management of operations, recovery of costs, division of profit, obligations of parties

Note: 1Petroleum Development Act2Petroleum Arrangements

Malaysia Petroleum Management

(MPM)

Acts for and on behalf of PETRONAS in the overall management of Malaysia’s

petroleum resources

Open


Malaysia Oil & Gas DevelopmentBuilding a competitive and progressive industry through enhancement of PACs

15

0

10

20

30

40

50

60

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Oil & Gas Production

‘000 barrels of oil equivalent per day (kboe/d)

Oil & Gas Investment

RM Billion (1 USD ~RM4.30)

1970 1980 1990 2000 2010 2020

Risk Service Contract

DW PSC Enhancement

~RM620 Bilof Upstream investment

Malaysia has

90 PAs in operation

1,656kboe/d

UDW: Ultra Deepwater R/C: Revenue Over CostHPHT: High Pressure High Temperature

*From 1976 to 2020*As at Jan 2021

PA: Petroleum ArrangementsPSC: Production Sharing ContractDW: Deepwater

*2020annual production

Concession Agreement

1976 PSC 1985 PSC

DW/UDW PSC

R/C PSC

HP/HT TermsLLA PSC

SFA PSC

Enhanced Profitability Fiscal Term

Progressive Volume Based

Pre-1976

1976 1985

1994

1997 2011

2008 2012

2018

2019

2021

2020

LLA: Late Life AssetsSFA: Small Field Assets



International Upstream VenturesBroad portfolio of resources and play types in more than 20 countries

16

Canada (Unconventional) Development & Production

Mexico Exploration

Suriname Exploration

Argentina (Unconventional) Development & Production

Australia Development & Production

Indonesia Exploration, Development & Production

Brunei Development

VietnamProduction

MyanmarExploration, Development & Production

Malaysia-Thailand JDA Exploration, Development & Production

Iraq Development & Production

Azerbaijan Development & Production Turkmenistan

Development & Production

IrelandAbandonment

Chad Production

MauritaniaAbandonment

Republic of Sudan Midstream

Republic of South Sudan Development & Production

Oman Development & Production

Egypt Exploration, Development & Production

SenegalExploration

Gabon Exploration

BrazilExploration, Development & Production

Gambia Exploration

570 kboe/doil & gas productions

>3,160producing wells

9,213 kmpipeline length

26offshore assets

United StatesExploration


Downstream

Open


Downstream BusinessPETRONAS Downstream Business has presence in over 90 countries

Refineries• Malaysia (>600 kbd) • South Africa (>100 kbd)

Lubricants• Marketed in 90 countries• 5 regional offices across all continents• 10 blending facilities & 5 R&D centres

worldwide• >900 ktpa production capacity

Petrochemicals• Present in 30 countries• 6 regional offices• 16.1 MTPA of

manufacturing capacity

Marketing and Retail• Sales of fuel & non-fuel products • > 1,000 Petrol stations in Malaysia• > 1,400 Petrol stations in South Africa & Sub-

Saharan Africa (under the Engen brand)

Trading Offices• Kuala Lumpur• Dubai• London

1 5

4

3

2

18

Open


PETRONAS RefineriesRefining crudes into valuable petroleum products

19

TERENGGANU

JOHOR

MELAKA

RefineriesOperating

Capacity (bpd)

Melaka (PSR 1) 128,000

Melaka (PSR 2) 175,000

Kerteh 123,300

Pengerang 300,000

Durban 135,000

South AfricaMalaysia

DURBAN

LPG PETROL / DIESEL JET FUEL

LUBRICANTSBITUMENFUEL OILOpen


Marketing & RetailSales of fuel / non-fuel products in Malaysia through PETRONAS Dagangan Berhad (PDB)

20

Retail & LPGOffer fuel and non-fuel products and services to consumers at its network of more than 1,000 PETRONAS stations and 700 KEDAI MESRA across the country. Sell and market liquefied petroleum gas to household, commercial and industrial customers.

Fuel LPG

50 kg

Bulk LPG

14 kg12 kg

Other Offerings

C-Store E-Payment Solution

Card Programmes

CommercialFully integrated business focusing on sales and marketing of bulk petroleum products with market leadership in domestic commercial market.

Diesel

Petroleum coke

Jet A-1

Sulphur

Fuel oil

Gasoline

Bitumen

Kerosene

ROVRA new and innovative way to refuel – Convenient, Seamless & Safe.

Open


Lubricant ProductsOffers wide range of lubricating products for automotive and industry applications

21

Automotive Engine Oil Agriculture Functional Fluids Industrial & Marine

Base Oil

Fuel

LubricantsHydraulic fluids

ERS Coolant

PETRONAS Fluid Technology Solutions

Open


Petrochemicals PETRONAS Chemicals Group Berhad (PCG) has a fully integrated petrochemical business

22

Fully integrated facilities and

infrastructures

Lower cost

Optimum yields

Greater flexibility

Market Leadership• LARGEST Methanol Producer in Asia Pacific &

4th globally• LARGEST MTBE, Butanol, BGE &

Ethanolamines Producer in SEA• 2nd LARGEST Ammonia & UREA Producer in

SEA

Completed acquisition of Da Vinci Group BV (DVG) in September 2019DVG is a global specialty chemicals company in silicone products & lubricants additive

Sales presence in 11 countries

5 plants (Malaysia, Canada, Netherlands, Germany & Singapore)

2 R&D labs (Malaysia & Netherlands)

Building Specialty Platform

>30

Subsidiaries & JV Partners

16.1MTPA

Manufacturing Capacity

17 27

Manufacturing Plants

MajorProducts

KEY FACTS

Open


Pengerang Integrated Complex (PIC)Single largest investment by PETRONAS ensuring security of supply

PIC CONSISTS OF THE REFINERY AND PETROCHEMICAL INTEGRATED DEVELOPMENT (RAPID)

REFINERY

STEAM CRACKER

3.3 MILLION METRIC TONNE PER ANNUMOF PETROCHEMICAL PRODUCT

C2 Olefins

C3 Olefins

C4 Olefins

Commodities

Differentiated

Specialty Chemicals

Further downstream /

customers

LPG & Naphtha

300, 000 BPDCRUDE OIL

PAMER

PCP + PTL

PDT2Water SupplyFacility

260 MLD of water*MLD : million litreper day

Pengerang CogenerationPlant & PengerangTransmission Line• Power > 1,200 MW

Steam at 1,480 tph• PTL spans over 52 km

Pengerang DeepWater Terminal

• 1.3 mil tonnes of petroleum

• 0.2 mil tonnes of chemical

RGT2 + PGPPRegasificationTerminal & Pengerang GasPipe line project• 2 x 200,000 m 3 LNG• 5 mtpa natural gas• Pipe line length 72 km

ASUAir Separation Unit

• O2 at > 41,000 Nm3/hr• N2 at > 25,900 Nm3/hr

Nm3/hr: Normal Meter Cubed per Hour

UFUtilities and Facilities

Provides control and shared utilities and facilities service

SUPPORTED BY SIX ASSOCIATED FACILITIES

220,000 BARRELS PER DAYPETROLEUM PRODUCTS

• Gasoline• Jet A1

(Gasoline and diesel meets euro 5 specification)

• Diesel• Fuel oil

PIC occupies 6,239 acres of land & located strategically with access to major

shipping lanes

Open

Gas & New Energy

Open


Gas & New Energy PortfolioProviding reliable & innovative cleaner energy

25

Operating in 12 countries by >4,000 staff of 15 nationalities worldwide

Gas & Power Hydrogen

LNG Gas & Power

New Energy

1 2

3 4

Open


Integrated LNG ProviderExtensive experience in delivering energy security

PRODUCTION

PETRONAS Floating LNG SATU & DUA

Gladstone LNG, Australia

PETRONAS LNG Complex (PLC), Bintulu

Egyptian LNG, Idku

TRANSPORTATION

MISC Fleet of 27 LNG CarriersWorld’s leading owner-operator

of LNG carriers

REGASIFICATION

Regasification Terminal (Melaka & Johor)

TRADING & MARKETING

Presence in 9 countries globally with more than 30 years of on-time & on-schedule deliveries

> 12K

LNG KEY FACTS

Total LNG Cargoes Delivered

4th 1st

World’s Largest Producer

Floating LNG in the World

130 Tcf

Global Gas Resource

26As at 1 Jan 2020

Dragon LNG, Wales

7.3MTPA

2.2MTPA

~36 MTPA

Total Producing Capacity

Open


Revolutionised LNG Industry Enabling monetization of stranded natural gas resources through innovation

Gas Production Offshore Pipeline Gas Liquefaction Storage & Offloading

Shipping Storage & Regasification

Able to harvest gas up to 200 m underwater.

Total capacity: 1.2 mil tonnes per annum. Successfully delivered 30 cargoes since commissioning.

First moored at Kanowit Field, 180km offshore Bintulu. Successfully relocated to Kebabangan field, 90km offshore Kota Kinabalu.

Able to harvest gas up to 1,500 m underwater.

Total capacity: 1.5 mil tonnes per annum.

Currently moored at Rotan Field, 140km offshore Kota Kinabalu.

First cargo in March, 2021.

World’s First Floating LNG: PFLNG SATU

World’s First Deepwater Floating LNG: PFLNG DUA

Open


Gas & Power BusinessPETRONAS Gas Berhad (PGB), Malaysia’s leading gas infrastructure & centralisedutilities solutions provider

28

GAS PROCESSING

Process upstream natural gas from offshore Peninsular Malaysia into salesgas, ethane, propane and butane

6 processing plants (located in Kerteh & Santong)

GAS TRANSPORTATION

Transport salesgas to shippers’ end-customers through pipeline network

2,623km of pipeline network in Peninsular Malaysia

REGASIFICATION

Receive imported LNG, store it in Regasification Terminal floating storage units & tanks, and convert the LNG to salesgas

Regas terminal at Sg. Udang, Melaka and Pengerang, Johor

UTILITIES

Produce, market and supply electricity, steam, industrial gases and other utility products to various petrochemical businesses and 3rd parties

- Cogen plant- Air separation unit- Demin & Colling Water- Nitrogen Gen Unit- Effluent treatment plant

Open


Gas Marketer & TraderPETRONAS Energy & Gas Trading (PEGT) fulfills customers’ processed gas & LNG demand in Malaysia & Singapore

VIRTUAL PIPELINE SYSTEMNorth MalayBasin

PENINSULARMALAYSIA

SARAWAK

SABAH

JDA B-17

JDA A-18

Gurun Lawit

Jerneh

Resak

PM-3 CAA

Angsi

West Natuna B

Duyong

Utilities Kerteh

Utilities Gebeng

Pasir Gudang

REGASIFICATION TERMINAL PENGERANG (RGTP)

PENGERANGINTEGRATED COMPLEX (PIC)

Kimanis

REGASIFICATION TERMINAL SG.

UDANG (RGTSU)

TTM

VRSB

GPK

GPS

BintuluTrain 9

PETRONAS LNG COMPLEX (PLC)

SAMUR

Miri

PFLNG1

PFLNG2

Power Steam450 1210MW MT/hour

Utilities (Kerteh & Gebeng)

2,060mmscfd

Gas Processing Plants

1,020mmscfd

Regasification Terminal(RGTSU & RGTP)

2,623km

Overall Pipeline

300MW

Power Plant(Kimanis)

Supplying LNG to off-grid customers in Pen. Malaysia

Legend

Industrial

Power Plant

LNG Regasification Terminal

Import Gas

Offshore Pipelines

PGU Phase 1

PGU Phase 2

PGU Phase 3

PGU Loop line

SSGP Pipeline

Open


New Energy Business Redefine the future of energy business, focusing on solar & wind

30

600 MWSolar Capacity in operations and

under development

275+Projects

180+Commercial &

Industrial customers

250+Dedicated

Professionals

150+Sales Network Across Asia

Suria KLCC685 kW

Gebeng Solar IPP10 MW

India175 MW

Solaris190 kW

Italy440 kW

Growth Market

SOLS Energy Solar Startup

Vietnam / SEASolar & Wind

UAE / MESolar

JapanWind

TaiwanWind

MMHE West Pasir Gudang8.3 MW

Open


Hydrogen BusinessPropel PETRONAS towards creating a sustainable future through cleaner energy

31

H2

H2

• Production of low carbon hydrogen from by-product• Production capacity of 8kTPA by 2021 and 20kTPA by 2023• Hydrogen can be transported in ammonia form or as per customer’s

requirement• Supply from peninsular Malaysia with ready facilities and resources

• Production of green hydrogen from renewable energy (hydro)• Production capacity of 70kTPA by 2025 and 100kTPA by 2027• Hydrogen can be transported as per customer’s specification• Supply from peninsular Malaysia and east Malaysia• Future supply nodes in other parts of the worldGreen Hydrogen

Blue Hydrogen

Open

Commitment

Open


Our CommitmentsWe aim to deliver sustainable impact, improving the quality of life and wellbeing of society

EDUCATION

Better the opportunities for underprivileged students to

realise their potential through STEM education

Better the standards of living for underprivileged communities & youth by creating pathways

for sustainable livelihood & better health

COMMUNITY WELLBEING & DEVELOPMENT

Better the environment through biodiversity,

conservation & carbon neutral programmes

ENVIRONMENTFOCUS AREAS

VALUE PROPOSITION

“Where Good Flourishes”

SENTUHAN ILMU SENTUHAN HARAPAN SENTUHAN ALAM

33

Open

Thank you for your passion!

Open

Documents

Passionate About Progress - fileservicecdn.petronas.com