| Key Facts |
Employees: 54
Total Average Daily Production in 2007: --
Crude Processing Capacity: 60,000 BD
Major Office Locations: Kuala Lumpur, Melaka |
Exploration and Production ConocoPhillips has interests in deepwater Blocks G and J located off the coast of the east Malaysian state of Sabah. Following exploration and appraisal success in Blocks G and J, a Malaysia upstream business unit was formed in 2005.
Block G
Malikai, Ubah, Pisagon and Petai
Operator: Shell Malaysia (35.0%)
Co-venturers: ConocoPhillips (35.0%), PETRONAS
Carigali (30.0%)
The Malikai I and the Ubah II exploration wells were drilled in Block G in 2004 and 2005, respectively, resulting in oil discoveries. Additional oil discoveries were made on the block with the Pisagon¬1A well in late 2005 and the Petai-1 well in 2007. The Malikai discovery was appraised in 2005 and 2006, and development planning is under way. Appraisal of the Ubah, Pisagon and Petai discoveries is expected to occur in 2008 and 2009.
Block J
Gumusut
Operator: Shell Malaysia (35.0%)
Co-venturers: ConocoPhillips (35.0%), PETRONAS
Carigali (30.0%)
ConocoPhillips holds a 33 percent interest in the Gumusut field unit and a 35 percent interest in the remainder of Block J. The Gumusut I well was drilled in 2003 and resulted in an oil discovery. The field was successfully appraised in 2004 and 2005 and has commenced field development. A final investment decision for development of Gumusut was made in late 2007.
Kebabangan Cluster
Kebabangan, Kamunsu East, Kamunsu East Upthrown and Canyon
Operator: Kebabangan Petroleum Operating Co.
Co-venturers: ConocoPhillips (30.0%), PETRONAS
Carigali (40.0%), Shell Malaysia (30.0%)
The Kebabangan cluster PSC was signed in late 2007 for appraisal and development of the Kebabangan, Kamunsu East, Kamunsu East Upthrown and Kamunsu East Upthrown Canyon gas and condensate fields. A joint-operating company, Kebabangan Petroleum Operating Co. (KPOC), has been established to serve as operator. Development planning currently is under way for the Kebabangan field.
Refining and Marketing ConocoPhillips has had downstream operations in the Asia Pacific region since 1993. The company has an interest in a joint venture refinery in Melaka, Malaysia, and petroleum coke marketing operations in several countries in the region. The company’s retail businesses in Thailand and Malaysia were sold in 2007.
The refinery in Melaka, Malaysia, is a joint venture with PETRONAS, the Malaysian state oil company. ConocoPhillips owns a 47 percent interest in the joint venture. The refinery has a gross 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.
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