2008
Signed the main principles towards a new PSC with ExxonMobil Exploration and Production Malaysia Inc and PETRONAS Carigali Sdn Bhd that would allow the two PSC partners to continue their upstream participation in seven oil fields offshore Peninsular Malaysia.
Awarded a PSC for Block PM308A to Lundin Malaysia, PETRONAS Carigali Sdn Bhd, Nippon Oil Exploration (Peninsula Malaysia) Limited and Japan Energy Malaysia E&P Co Ltd; and two PSCs for Block PM308B and Block SB303 to Lundin Malaysia and PETRONAS Carigali Sdn Bhd. Lundin Malaysia will operate all three blocks.
Signed a Production Sharing Agreement (PSA) for the Urga, Kuanish and Akhchalak fields with the Government of Uzbekistan, and a Heads of Agreement (HOA) for a gas-to-liquid (GTL) project with the Uzbek national oil company, Uzbekneftegaz National Holding Company (UNG).
Awarded a PSC for Blocks PM303 and PM324 offshore Peninsular Malaysia to Total E&P Malaysia and PETRONAS Carigali Sdn Bhd.
Awarded a PSC for Block SK310 offshore Sarawak to Newfield Sarawak Malaysia Inc, Mitsubishi Corporation and PETRONAS Carigali Sdn Bhd.
PETRONAS achieved another breakthrough with the discovery of Malaysia’s first High Pressure High Temperature (HPHT) well in the Kinabalu field, located 55km from Labuan, offshore Sabah. The exploration well was drilled to a total vertical depth of 4,800m, the first such drilling undertaken by PETRONAS Carigali Sdn Bhd in a HPHT environment.
PETRONAS, together with Empresa Nacional de Hidrocarbonetos de Moçambique (ENH), the national oil company of Mozambique, were awarded the exploration and production concession contract (EPCC) for offshore Blocks 3 and 6 by the Government of Mozambique.
Successfully commissioned the Melaka Group III Base Oil (MG3) plant at the Melaka Refinery Complex, marking PETRONAS’ entry into base oil production with a capacity of 6,500 barrels per day. The MG3 plant is the first base oil plant in Malaysia producing top quality Group III base oil.
PETRONAS Base Oil (M) Sdn Bhd, the marketing arm for PETRONAS’ top quality Group III base oil product ‘ETRO’, shipped its maiden cargo to its distribution company in the Netherlands.
MLNG celebrated the 25th anniversary of its first shipment of LNG to Tokyo Electric Power Company Inc. and Tokyo Gas Company Ltd.
Signed short term SPAs with Shanghai Gas (Group) Company Limited for the supply of LNG.
Acquired 100% of Star Energy, plc, an integrated energy company in the UK onshore sector, that combines oil, gas and electricity production with a developing gas storage business.
Completed the acquisition of 40% equity in the Gladstone LNG project, a joint venture with Santos Ltd to develop and operate a gas liquefaction facility at Gladstone in Queensland, Australia and a 450km pipeline from jointly-owned upstream coal seam gas (CSG) assets to the project site.
PETRONAS Gas Berhad (PGB) entered into a Shareholders Agreement (SHA) with Yayasan Sabah (YS) to jointly develop a 300 megawatt power plant project in Kimanis, Papar, Sabah.
Launched PROPELINAS H022, a new polypropylene grade for thermoforming application to produce higher quality food packaging items complying with the US Food and Drug Administration standards.
Launched the PETRONAS Polymer Technology Centre (PPTC) as well as the Polinas DST PP628, a superior performance modified polyvinyl chloride dry blend compound for pressure pipe application. Both were launched in conjunction with the Kertih Plastics Park Launch Ceremony in Kertih, Terengganu.
MISC's subsidiary, AET Inc. Ltd took delivery of another new Aframax vessel, Eagle Turin, reaffirming MISC's position as the second largest owner-operator of Aframax tankers in the world.
MISC delivered the FPSO Espirito Santo to Shell Brazil, its second FPSO for deployment in Brazil’s offshore deepwater fields. The FPSO is currently undergoing installation at BC-10 field of the Campos Basin, offshore Brazil.
Signed a strategic alliance agreement with the Commonwealth Scientific and Industrial Research Organisation of Australia to develop and strengthen technical capabilities in exploration and production, energy solutions and advanced materials technologies.
The PETRONAS Laboratory at Queen’s University Ionic Liquids Laboratories (QUILL) Research Centre in Belfast, Ireland was officially opened by the UK Minister for Employment and Learning, Sir Reg Empey. The PETRONAS Laboratory is funded by Universiti Teknologi PETRONAS and will focus on the development of ionic liquids technology.
Minimise
Read more
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
