• Order
  • GBR
  • Offers
  • Support
    • Due to unforeseen circumstances, our phone line will be unavailable from 5pm to 9pm GMT on Thursday, 28th March. Please be assured that orders will continue to be processed as usual during this period. For any queries, you can still contact us through your customer portal, where our team will be ready to assist you.

      March 28, 2024

  • Sign In

Disclaimer: This is an example of a student written essay.
Click here for sample essays written by our professional writers.

Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UKEssays.com.

Petronas Current Desirable Structure Management Essay

Paper Type: Free Essay Subject: Management
Wordcount: 3177 words Published: 1st Jan 2015

Reference this

EXPLORATION AND PRODUCTION

As custodian of Malaysia’s oil and gas resources, PETRONAS was entrusted with the responsibility to develop and add value to the nation’s hydrocarbon resources. In the early years, PETRONAS focused their efforts on managing the production sharing contractors who were exploring Malaysian acreages, but PETRONAS soon saw the need to take on a bigger and more proactive role in augmenting the nation’s oil and gas reserves.

Get Help With Your Essay

If you need assistance with writing your essay, our professional essay writing service is here to help!

Essay Writing Service

Through the exploration and production (E&P) subsidiary, PETRONAS Carigali Sdn Bhd has developed capability as a hands-on operator with a track record of successful oil and gas developments. PETRONAS Carigali works alongside a number of petroleum multinational corporations through production sharing contracts (PSCs) to explore develop and produce oil and gas in Malaysia. Abroad, PETRONAS continue to strengthen its position by securing new acreages while undertaking various development projects.

The Petroleum Management Unit (PMU) of PETRONAS acts as resource owner and manager of Malaysia’s domestic oil and gas assets. It manages the optimal exploitation of hydrocarbon resources and enhances the prospectively of domestic acreages to attract investment and protect the national interest. One of the key drivers of its business growth is deepwater E&P, with many positive prospects emerging in Malaysian acreages.

PETRONAS continue to harness and develop new technologies to maximise opportunities and further strengthen its capabilities in its efforts to become a leading global E&P player.

As custodian of Malaysia’s oil and gas resources, PETRONAS constantly strives to advance exploration and production (E&P) activities in the country. PETRONAS promote exploration investments and facilitate oil and gas development and production activities through the Production Sharing Contract (PSC) mechanism. We also strive to optimise Malaysia’s E&P assets and manage all E&P activities in the country, ensuring a conducive and progressive business environment.

New seismic data acquisition and basin studies form an integral part of PETRONAS’ strategy to enhance prospectively. In the deepwater areas, significant discoveries have intensified exploration activity and spurred investments in capability building, driving Malaysia’s aspiration to be a regional deepwater centre of excellence.

To support the development of oil and gas reserves, PETRONAS has also invested in an extensive subsea oil and gas pipeline to enable fields in more diverse locations to be monetised.

Globally, PETRONAS has exploration and production presence in over 22 countries in Southeast Asia, the Middle East, Central Asia, Latin America and Africa. These overseas ventures account for almost a quarter of its total oil and gas reserves.

PETRONAS entered the international arena when PETRONAS secured its first overseas venture as an upstream operator in Vietnam in 1991. The success of this first venture spurred PETRONAS to spread its wings further abroad since then. With its unique experience and expertise in contributing to nation building, coupled with its technical and operational competencies, PETRONAS has been increasingly accepted as a strategic partner by international companies and the host countries where PETRONAS operate.

OIL

PETRONAS adds value to the crude oil produced by its exploration and production operations through its integrated oil business that encompasses refining, marketing, trading and retail operations. Comprising a range of significant grades from various regions, the crudes are traded and marketed internationally as well as processed into petroleum products at its refineries for both domestic and export markets. PETRONAS own and operate four refineries with a total refining capacity of more than 448,000 barrels per day. The petroleum products from these refineries are marketed through its network of service stations in several countries, including in Indonesia, Malaysia, South Africa, Sudan and Thailand.

PETRONAS’ other petroleum products:

Crude Oil

Lubricants

Base Oïl

Vehicle Fuels

Aviation Fuels

LPG and Other Petroleum Products

Retail Stations

A well-established network of retail stations is crucial to the successful marketing of PETRONAS’ petroleum products. In Malaysia, PETRONAS have over the years built a strong chain of service stations nation-wide.

On the international front, PETRONAS subsidiary Engen Ltd is the leading petroleum products retailer in South Africa. Through various business partnerships with retail networks in other countries, PETRONAS are also steadily growing its presence in an increasing number of overseas markets.

Retail Network in Malaysia

In Malaysia, PETRONAS domestic retail arm PETRONAS Dagangan Berhad (PDB) is the market leader. It operates a network of more than 900 PETRONAS service stations nationwide.

Besides gasoline and other petroleum products, many of PDB’s service stations also offer customer-friendly services and facilities such as its popular MyMesra convenience stores, restaurants and car wash facilities. Over 120 of the service stations are equipped with facilities to dispense Natural Gas for Vehicles (NGV).

PDB also operates a large network of LPG and industrial gas dealerships as well as an integrated logistics and distribution system comprising bulk and aviation depots, bunkering facilities and LPG bottling plants.

International Retail Network

Overseas, PETRONAS has retail operations in the following countries:

South Africa

PETRONAS’ South African subsidiary, Engen Ltd currently leads the country’s petroleum products retail business operating more than 1,400 service stations across sub-Saharan Africa, with about 1,250 stations in South Africa.

Sudan

In Sudan, PETRONAS’ retail network comprises 74 service stations.

Indonesia

PETRONAS’ retail network in Indonesia has expanded to 19 service stations in 2008. PETRONAS have also acquired land sites for future expansion.

Thailand

PETRONAS continue to strengthen its position in Thailand’s petroleum products market with more than 100 retail stations, and PETRONAS has entered the aviation business at the Suvarnabhumi Airport.

Philippines

PETRONAS’ auto gas station network has been expanded to 54 stations.

GAS

Gas as an important source of clean and efficient energy for powering growth is a key focus area for PETRONAS. Over the years, PETRONAS has developed distinctive capabilities in its fully integrated gas business and built a strong reputation as a trusted partner and reliable supplier of gas in Malaysia and abroad.

PETRONAS gas business activities cover the entire value chain right from the exploration and production of natural gas to gas processing and liquefaction, gas transmission pipeline operations, marketing and trading, liquefied natural gas (LNG) shipping and regasification, gas district cooling and supply of industrial utilities..

PETRONAS’ proven capability in operating a fully integrated LNG operation is among our greatest strengths. Through joint ventures with other global players, PETRONAS has successfully developed one of the world’s largest LNG production facilities at a single location – the PETRONAS LNG Complex in Bintulu, Sarawak. This integrated LNG complex has maintained an unblemished record of over 6,000 safe and timely deliveries to its long-term customers in the Far East, adopting a flexible approach in meeting their LNG requirements.

Overseas, PETRONAS’ joint venture in the Egyptian LNG (ELNG) plant at Idku, Egypt which came on-stream in 2005, coupled with PETRONAS’ interest in the Dragon LNG receiving and regasification terminal in Wales, United Kingdom (UK) serve as the springboard for its strategic expansion into the Atlantic Basin market. Through its ownership of Star Energy plc, PETRONAS also have gas storage facilities in the UK.

In Australia, PETRONAS is venturing into unconventional gas development with a joint venture to develop and operate a coal seam gas to LNG (CSG-to-LNG) plant with its first cargo scheduled for 2014.

PETRONAS’ LNG business is ably supported by the world’s largest LNG carrier fleet owned and operated by its subsidiary, MISC Berhad.

Gas Storage

PETRONAS’ strategic acquisition of Star Energy plc in 2008 has enabled its expansion into the gas storage business, to further strengthen its position as an integrated global LNG player.

From being the second largest onshore UK oil producer, Star Energy has shifted its business focus to developing and operating gas storage facilities. In the UK, Star Energy leverages on its depleted oil and gas fields which provide a ready-made infrastructure for gas storage. The first facility due to be operational is Humbly Grove, the first of a new generation of gas storage facilities which will help meet UK’s future gas storage requirements.

Besides the UK, the Company also has interests in the gas storage business in Denmark, Italy and the Netherlands (Waalwijk).

PETRONAS interest in gas storage through Star Energy will position PETRONAS to grow its export of gas to Europe in the form of LNG.

Gas Processing & Transmission

PETRONAS has the capability to design, build, operate and maintain gas processing and transmission pipeline infrastructure to world-class standards. Aiming at monetising the gas reserves discovered offshore Terengganu in Peninsular Malaysia. PETRONAS has spearheaded the development of these gas resources with the implementation of the Peninsular Gas Utilisation (PGU) project. Operated by its subsidiary PETRONAS Gas Berhad (PGB), the PGU system forms the backbone of Peninsular Malaysia’s gas supply infrastructure.

Find Out How UKEssays.com Can Help You!

Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.

View our services

In East Malaysia, PETRONAS is also developing the Sabah-Sarawak Integrated Oil and Gas Project. The project involves the construction and operation of the Sabah Oil and Gas Terminal and the Sabah-Sarawak Gas Pipeline – a 500 km gas pipeline from Kimanis, Sabah to the PETRONAS LNG Complex in Bintulu, Sarawak. Scheduled to be completed by the end of 2010, the pipeline operated by PGB will enable the gas from fields offshore Sabah to be utilised for domestic needs and for export.

PETRONAS is also spearheading the development of the Trans-ASEAN Gas Pipeline project to ensure regional energy security. Overseas, PETRONAS has equity interest in pipeline networks in several countries.

PETROCHEMICALS

PETRONAS’ venture into the petrochemical industry adds further value to the nation’s gas resources. It partner foreign multinational companies to acquire the best petrochemical expertise and technological know-how. With adequate feedstock via the Peninsular Gas Utilisation (PGU) pipeline, PETRONAS is positioning Malaysia to be a competitive petrochemical hub with the establishment of two integrated petrochemical complexes (IPCs) with superior logistics and infrastructure capabilities.

Since 1992, the IPCs have grown to become home to more than 20 petrochemical plants. The IPCs are aimed to enhance competitiveness through the establishment of synergistic linkages and integration both within plants as well as between common infrastructure and support facilities, making the entire manufacturing process more cost effective and efficient.

PETRONAS is also promoting the plastics manufacturing sector by developing the Kertih Plastics Park to take advantage of readily available feedstock from the adjacent IPC.

PETRONAS’ subsidiary, Malaysian International Trading Corporation Sdn Bhd (MITCO), markets and trades its petrochemical products to both Malaysian and international customers.

LOGISTICS AND MARITIME

PETRONAS’ Logistics and Maritime Business is mainly undertaken by its shipping subsidiary, MISC Berhad.

MISC is Malaysia’s leading international shipping line and one of the top 10 shipping companies in the world by market capitalisation. As a subsidiary of PETRONAS, MISC adds value to its petroleum business by providing the Group with reliable transport and logistics support as well as the flexibility to trade its products in the international markets.

Its modern and well-diversified fleet of more than 100 vessels with a combined tonnage of more than eight million deadweight tonnes (DWT) traverses the globe, calling at most major ports around the world.

Through its subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), MISC has also built a strong foundation in the marine and heavy engineering industry. Today, MMHE is well on its way to become a centre of choice for marine repair, marine conversion and engineering & construction for a wide spectrum of oil and gas production facilities, contributing in particular to the development of PETRONAS’ deepwater operations.

MISC’s liner and integrated logistics services have also evolved to become an integral link to a wide network of ports and container routes, offering clients customised solutions to meet their requirements locally, regionally and globally.

RESEARCH AND TECHNOLOGY

Recognising that technology is a key driver of growth, PETRONAS pursues the strategic deployment and application of technology to further enhance operational excellence and maximise the potential of its existing assets and emerging opportunities. Towards this end, PETRONAS has formulated its Technology Agenda to focus on technologies for future positioning of its businesses in both the upstream and downstream sectors.

In the short term, PETRONAS technology focus is on improving operational excellence through better plant and Health, Safety and Environment (HSE) performance. For the longer term, PETRONAS aim to develop niche technologies to enhance the performance of its core businesses.

Upstream, PETRONAS efforts are focused on developing technologies to increase hydrocarbon resources, particularly in deepwater areas, and to enhance the productivity and recovery of its fields.

In the downstream sector, PETRONAS seek to maximise throughput and yield in its oil, gas and petrochemical operations through the application of technology. By studying and applying the appropriate technological solutions to its processes, facilities and materials, PETRONAS continue to achieve higher levels of operational excellence. At the same time, as quality standards and demand for new applications increase, PETRONAS is expanding its range of petroleum, polymer and special products to meet the needs of a fast-evolving world. Through strategic alliances with world-class institutions, PETRONAS is also developing a renewable energy laboratory to enable PETRONAS to move to the next phase in becoming a technology-driven company.

______________________________________________________________________________________

PART2

Environmental factors that influence organisation particularly sustainability related issues. (Sustainability and economic)

Economic decision-making in line with business responsibility for sustainable development and PETRONAS continuous growth in the future, environmental considerations and social balance, to integrate, is it possible for PETRONAS work. These considerations other HSE in developing a strong continuous long-term and overall contribution to the community people and PETRONAS and performance management are included.

PETRONAS’ Corporate Sustainability Framework

PETRONAS is led by corporate sustainability framework covering the main results of the s15 areas.

Shareholder Value

Natural Resource Use

Health, Safety and Environment (HSE)

Product Stewardship

Societal Needs

Climate Change

Business Integrity

Quality

Health, Safety and Environmental Protection

Human Rights

Commitment to Community

Employment Practices

Compliance with Local Law

Review and Audit

Biodiversity

Health, Safety & Environment (HSE)

As a responsible corporate citizen, PETRONAS is responsible for all aspects of operations management practices committed to HSE. PETRONAS is reasonably practicable to reduce the risk of that group-wide HSE is running, the administration stressed that the responsibility for preventing injuries, and extensive to allow HSE occupational disease and environmental management systems to eliminate damage to property. HSE experience learned this system is constantly enhanced based on best practice and lessons to be updated. PETRONAS, as well as conduct training for emergency operations in all units, improvement activities to improve the effectiveness of state and emergency response plans checked regularly to carry out. Constant effort is 0.48 compared to 0.35 last year resulted in a decrease in the frequency of further injury by the time the group lost a total of 1 million per hour in 2008. Environmental preservation and conservation area, the PETRONAS stepped proactive step to address the various concerns about the environment. These things include the following:

Group Greenhouse Gas (GHG) Inventory

GHG inventory is to strengthen the operation of all sources of emissions, to track emission levels. Based on data from this catalog, Petronas has put a target to reduce emissions to leverage appropriate clean development mechanism under the Kyoto Protocol.

Cogeneration

Simultaneous generation of heat and power or heat generation GHG initiative is one of the most recent PETRONAS significantly reduce emissions. Melaka waste heat power generation units are installed in the refinery facilities are fully functional, fuelled by clean-burning natural gas, waste heat power generation units using waste heat generated from gas turbines. Immediate environmental benefits of carbon per year to 2,000 per year in addition to reducing GHG emissions in metric tons 500,000 tons of acid containing an equivalent reduction in emissions. Kertih and Gebeng waste heat power generation is also of practical equipment was mainly gas and district cooling plants (CUF) are integrated..

Energy Loss Management System

PETRONAS and the group continue to improve the GHG efficiency of the plant by reducing emissions. Energy loss management system has been assumed that the current initiative to improve operational execution phase of the operation unit 12 PETRONAS, in terms of energy conservation shows that the positive results already.

 

Cite This Work

To export a reference to this article please select a referencing stye below:

Reference Copied to Clipboard.
Reference Copied to Clipboard.
Reference Copied to Clipboard.
Reference Copied to Clipboard.
Reference Copied to Clipboard.
Reference Copied to Clipboard.
Reference Copied to Clipboard.

Related Services

View all

DMCA / Removal Request

If you are the original writer of this essay and no longer wish to have your work published on UKEssays.com then please: