This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
7/17/2019 Financial and Operational Review First Quarter Ended 31 March 2015 (FY2015)
All rights reserved. No part of this document may be reproduced,
stored in a retrieval system or transmitted in any form or by anymeans (electronic, mechanical, photocopying, recording orotherwise) without the permission of the copyright owner.
7/17/2019 Financial and Operational Review First Quarter Ended 31 March 2015 (FY2015)
Cautionary StatementForward-looking statements in this Financial Results Announcement presentation or insubsequent discussions with regards to this presentation involve inherent risks anduncertainties. Should one or more of these or other uncertainties or risks materialise, actual
results may vary materially from those estimated, anticipated or projected. Specifically, butwithout limitation, capital costs could increase, projects could be delayed, and anticipatedimprovements in capacity, performance or profit levels might not be fully realised. AlthoughPETRONAS believes that the expectations of its management as reflected by such forward-looking statements are reasonable based on information currently available to it, noassurances can be given that such expectations will prove to have been correct. Accordingly,you are cautioned not to place undue reliance on the forward-looking statements, which
speak only as of the date they are made. PETRONAS undertakes no obligation to update orrevise any of them, whether as a result of new information, future developments orotherwise.
All rights reserved. No part of this document may be reproduced, stored in a retrievalsystem or transmitted in any form or by any means (electronic, mechanical, photocopying,recording or otherwise) without the permission of the copyright owner. PETRONAS makes norepresentation or warranty, whether express or implied, as to the accuracy or completeness
of the facts presented. PETRONAS disclaims responsibility from any liability arising out of reliance on the contents of this publication.
7/17/2019 Financial and Operational Review First Quarter Ended 31 March 2015 (FY2015)
Egypt higher natural decline rate Power sector lower gas demand
PLC 6.72 6.93
Others 0.93 1.14
Total 7.65 8.07
Q1 FY2015 Operational Indicators
LNG SalesVolume (MMT)
Q1FY2014
Q1FY2015
↑
↑
Production*
(kboe/d)
Q1FY2014
Q1FY2015
*Represents Total Malaysia’s production and PETRONAS Group’s international equity production volume.**Represents PETRONAS Group’s entitlement to Malaysia’s production and PETRONAS Group’s international entitlement volume
RAPID: 28 main contract packages have been awarded consisting of Site Preparation,Construction Infrastructures, Refinery & Steam Cracker Complex (SCC), Utilities,Interconnecting & Offsite (UIO) while remaining packages are currently under tenderingactivities namely PETCHEM EPCC contracts and expect to award remaining major packages
by Q1 2016.
The contracts awarded in Q1 2015 are to support Construction namely Operations & Management (O&M) of Temporary Common Camp Facilities, Infrastructure, ConstructionWaste Management and Security Services.
Downstream BusinessDriving Superior Project Execution
Financial Results Announcement 31 March 2015, Downstream | Page 1
RGT2 is progressing as per milestonewith completion of 1st LNG tank loadtest on 21 March 2015 and has clocked
181,942 cumulative safe man-hours to-date.
SAMUR has achieved 90% completionand is expected to be fully completed inMarch 2016.
7/17/2019 Financial and Operational Review First Quarter Ended 31 March 2015 (FY2015)
Petroleum Product: Lower domesticretail sales volume and lower tradingvolume
73.3 72.4
45.1 58.3
Q1 FY2014 Q1 FY2015
Crude Petroleum Products
Crude and Petroleum Products
Sales VolumeMbbls
1.41.6
Q1 FY2014 Q1 FY2015
MMT
Petrochemical Products
Sales Volume
118.4130.7
Downstream BusinessYTD Crude and Petrochemical Products Sales Volume was higher
Financial Results Announcement 31 March 2015, Downstream | Page 2
Petrochemical Products (↑14 %):
Higher sales for methanol, urea andammonia in line with higher productionsupported by improved feedgas supplyand better plant reliability. Also nostatutory maintenance activities.
10% 14%
7/17/2019 Financial and Operational Review First Quarter Ended 31 March 2015 (FY2015)