Welcome to eMPRC Newsletter mpre = Feedback Happy Chinese New Year 2013 Seat ‘Tho past one and a half years, types of investments as well as Cenforenco 2013 in Houston. since the formation of IPRC, hes jobs creations programme for the MPRC is also working with key eptmy team and Ivery busy. as we of and ges industyy in the State. _ players to organise an oll and gas fry to scope ‘he roles plajed by And MPRC is also in discussions funding forum. Other on-going diferent industry players and wih various trasing companies on events and actives in the pipeline determine how as an industy, we theirplans to setup localMalaysian Will ensure that we are focused on can move forward to fealise the offices for heiregional trading hun ‘aking Malaysia the number one objectives of te Economic under the GIFT programme. jay ot geal ‘Transformation Programme. The fegion by 2017. ETP has aticulated veryclear goals Stemming from these actiies, | merefore want to thank all of you and objeaives win mxec deaaiines 2913 is considered te ‘year ct fgrmahing Joie memorable year to achieve these deliverables. Toa __implementation'forvarious projects for tne industy. Lets use 2072 to great extent, progress has been under MPRC's puniew. To realise push ourselves and ihe Industy to made butthere is sila lotto do, tho GNI investments and jod greater heights. On behalf of the creation opportunities, we sex Board, Management and staff of Atthe nationallevel, MPRC together support from Industly players, MPRC, | would like to take this with the Industy Consultatie investors, tertiary institufons, and opportunity o wish all our business Council, the umbrella group for sil other goverment agencies tomake partners, dents, investors and and gas trade associations, have these plans happen. Areacy we business associates Gong Xi Fa embarked on several discussions have seen active interest from Cal. May this year bring lots of and meetngs to fim up plans on foreign companies coming tp _—_—lessings and good fortune to al of ey industry initiatives such 2s Malaysia in terms ofupsream and YOU. Have @ good holiday and travel capacity building, human capital downstream oppertunties. We SA. development and macto-economic envisage that 2013 will see more issues. MPRC also worked on int ventures and alliances several human capital inifatives between foreign MNCs with local with Malaysian Oil and Gas playors. Engineering Council (MOGEC), Winistry of Higher Education, Talent Tne task Mat MPRC nas set for Corporation as wel as universities itself is high and we believe there to offer internship opportunites for _ wil be more exciting developments graduating students. UPRC also to come. For example, more organised lab together with the Malaysian companies are taking Sabah Stete Governmentto identity _part in Offshore TechnologyCrossing the seas to seek opportunities Oilfield Services and Manufacturing 2) Feedback ‘Ten Norwegian oll and gas campanies and agencies recently came to Mala) tomeet wit thei industy counterparts, ‘Organised by MIDA, the Norwegian ‘Trade and Investment Mission to Kuala Lumpur was an oppertuniy forthese delegates to understand and familiarise themselves on local business environment, buld contac's and explore Possible business ventures with Malaysian companies. MIDA and MPR organised an industry presentation for the delegation and also coordinated the Participation of 21 Malaysian oll & gas services companies, “Norway oil and gas industry is well known or the stiengtas oftheir innovative, modern and cutting edge technologies which were tested and deployed in heir home markets before exporting overseas, There are alot hat Nataystan oll and gas SMEs can leam or emulate trom ter Nonvegian counterpars in terms of R&D and intellectual capatilties. Secondly, there are many entrepreneurial SMEs in Norway which anchor ther ll and gas industry. These SMEs prowde a wide range of services, resources and capabilites to supportthe upstream and cownstream oil and gas industy, and this allows themto specialise or deepen thelr product offerings 2s contractors or suppliers. There is much that we can leain from the Nowegian oll and gas senices sector. Ths isthe fst of many international missions, and we hope that this exchange cfideas, inowiedge andrelationships will be furher strengthened in the years to come” said PRC's Execute Director Oilfeld Services Dr. Shahreen adres. ‘The Malaysian Nomegian Business Council alse organised a dinner ané networking sessicn forall delegates and participating companies, hosted by HE Hans Ols Urstad, Ambassador of Nonvay to Malaysia, at he Ambassadors residence, Growth Sector sein McDermott Internationa}, a global ol and gas services company, recently signed a joint-venture agreement with, TH Heawj Engineering Bnd. fo provide wide range of marine construction senices to support the demands. andneeds ofthe industy. The JV covered tll engineering, procurement, constuction, installation and ‘commissioning services not only in Malaysia but also in the wider Asta Pacfic region ‘Scot Cummins, seniorvice presidentand general manager of McDermott and Nor Badli Mohamad Alias, managing director, signed on behalf of their respective companies to form two new companies to undertake such senicesin the regionDid you know? PF Question 1 ‘Who is the richest man in ASIA that has diversified their business into oil 8 ‘gas industry? A. Robert Kuok B. Li Ka-Shing C. Ananda Krishnan D. Syed Mothtar DW’ Answer B. Li Ka-Shing Husky Energy Inc. is @ public traded enercy company based in Calgary, Aloerta Husky Energy Inc. and contralled by Hong Kong billionaire Li Ka-Shing (70%). Huskys foundation is in Westem Canada, northern Aberta and off Canada's East Coast. Husty also owns Interests in China, holds exploraton sights offshore Inconesia and in the United States. The company employs pprosimetely 4,700 People (as of 2011), has approximately $22 bition in assets and produced an ‘average of 313,000 barrels (49.800 m3) of of equivalent per day in 2011, making t one of Canada's largest energy companies. PF Question 2 How many offshore oil rigs are there in the world atthe end of 20127 A. 1001 8. 300 ©. 488 D.591 py Answer D.591 The inaeasing demend for oll and gas Is pushing enercy companies to explore frontier areas like the Arctic and new offshore zones given that output from accessible fields is decining, Global cil demnand has risen 14% in totalto 88 milion barrels per ay (bpd) in 2011 from 2001, according to the BP annual statistical review. Rapicly ‘growing economies have accountedfor much ofthe increase - consumption in China doubled in the same period to $.76 million bpd. Due tothe increasing demandtnere were 891 offshore oilrigs in the world end of 2012 In 2043, the number will grow by 2810 619. PF Question 3 Inthe history of cilincustry, the eariest known oil wells were diilled by which nratonalty? A. Chinese B. Indians, C. Greeks D. Brisa py Answer A. Chinese ‘According to Geerge E. Totten, the earliest krown oil wells were drilled in China in 347 CE They had depths of up to atout 800 feet (240 m) and were dilled using bits attached to bamboo poles. The oil was burned to evaporate brine and produce salt By the 10th certury, extensive bamboo pipelines connected oil wells with salt sptings. The ancient records of China and Japan are said to contain many allusions tone use ofnatural gas for lighting ana heating