2004
Entered into a Petroleum Agreement and Association Contract with the Office National de Recherches et d’Explorations Pétroliéres (ONAREP), the national oil company of Morocco, for an offshore deepwater Rabat Sale Haute Mer area in Morocco.
Signed a shareholder’s agreement with Total and the National Iranian Oil Company to form a LNG production company, Pars LNG Co.
Signed a new PSC for Block PM314 offshore Peninsular Malaysia with Talisman Malaysia Ltd and PETRONAS Carigali, following the expiry of the PSC for the block awarded in 1988 to Amerada Hess Malaysia.
Signed two PSCs with Newfield Exploration Company and PETRONAS Carigali for Block PM318 offshore Peninsular Malaysia and Deepwater Block 2C offshore Sarawak.
Launching of PETRONAS’ marketing company in China, PETRONAS Marketing China Company Ltd.
Signed a Gas Sales Agreement with British Gas Trading Ltd, a subsidiary of Centrica plc of the United Kingdom, marking PETRONAS’ entry into the UK natural gas market.
Signed a Memorandum of Understanding with Indonesia’s PT Perusahaan Listrik Negara towards the development of a LNG re-gasification terminal in West Java, Indonesia.
Announced the development of a new world scale methanol plant adjacent to its existing methanol plant in Labuan.
Signed a PSC with Malaysia-Thailand Joint Development Authority for Block B-17-01, an offshore overlapping area between Thailand and Malaysia.
Signed a Sales & Purchase agreement to acquire Kuwait Petroleum (Thailand) Ltd from Kuwait Petroleum International Ltd, paving the way for the corporation to further expand its presence in the retail and marketing sector of the Thai oil and gas industry.
Key
Glossary
•
Exploration and Production
•
Oil Business
•
Gas Business
•
Petrochemical Business
•
Logistics and Maritime Business
•
Research and Technology
LPG
– Liquefied Petroleum Gas
LNG
– Liquefied Natural Gas
PSC
– Production Sharing Contract
E&P
– Exploration & Production
LOI
– Letter of Intent
SPA
– Sales & Purchase Agreement
