| Key Facts |
Employees: 40
Total Average Daily Production in 2006: --
Crude Processing Capacity: 128,000BD
Major Office Locations: Kuala Lumpur, Melaka |
Exploration and Production ConocoPhillips has had a presence in Malaysia since 2000, when the company acquired interests in deepwater Blocks G and J located offshore in Sabah. In 2004, the company successfully completed the drilling of the Malikai-1 discovery in Block G. Appraisal of this discovery continued in 2005 and 2006. Additional discoveries were made on the block with the Ubah-2 and Pisagan-1A in late 2005 and the Petai-1 wells in 2007. Appraisal of these discoveries is expected to occur in 2008 and 2009.
In Block J, the Gumusut 1 well was drilled in 2003 and resulted in an oil discovery. The field was successfully appraised in 2004 and 2005, and is moving toward field development. A final investment decision is expected in 2007. ConocoPhillips holds a 33 percent interest in the Gumusut field.
Refining and Marketing
 ConocoPhillips has an interest in a refinery in Melaka with joint-venturer Petronas, the Malaysian state oil company. ConocoPhillips owns a 47 percent interest in the joint venture. The refinery has a rated crude oil processing capacity of 128 MBD of which the company’s share is 60 MBD. The medium, high-sulfur crude oil processed by the refinery is sourced mostly from the Middle East. The refinery produces a full range of refined petroleum products and capitalizes on ConocoPhillips’ proprietary coking technology to upgrade low-cost feedstocks to higher-margin products.
Through a joint venture in Malaysia, ConocoPhillips also has an interest in retail sites that are ProJET® branded outlets. The company has almost completed the process of transitioning its Malaysian retail business from mostly company-operated sites to dealer-operated sites, with the fuel to remain branded ProJET.®
ConocoPhillips also markets finished lubricants in the region, using direct sales or distributors depending on the local markets. These lubricants are mainly distributed under the Hydroclear® brand and are blended locally using a high-quality base oils source. Finally, the company also assists in the marketing of specialty cokes in the region, sourced out of the Humber refinery in the United Kingdom and the Lake Charles refinery in the United States, as well as marketing Melaka’s fuel coke locally.
Find out more at …
Conoco Lubricants
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