Oman Oil Company S.A.O.C

Transcription

1 Oman Oil Company S.A.O.C Investing for the future of Oman Oman Investment Forum Tokyo, Japan Oct 2014

2 About us Oman Oil Company S.A.O.C. (OOC) is a commercial company wholly owned by the Government of the Sultanate of Oman. The Company was incorporated in 1996, to invest in the energy and energy-related sectors both locally and internationally. 2

3 One purpose Oman Oil Company plays a pivotal role in the country's efforts to diversify the economy and to promote Omani and foreign private sector investment. Our founding pillars Investing Maximise Create Unleash Develop and invest in profitable businesses within Oman and internationally Maximise value from Oman s resources Create meaningful employment within Oman Grow talent business leaders and professionals 3

4 Our Mission & Vision OOC s Mission To develop and invest in profitable businesses with sustainable competitive advantage in the wider energy sector, in Oman and the world, thereby maximising value from the Omani resources entrusted to OOC, creating meaningful employment and fostering talent growth and business leadership in Oman OOC s Vision To be a significant part of a strong and integrated economy in Oman, diversified both across industry sectors and geographically (domestically and internationally), which makes optimal use of Oman s natural resources, workforce and geostrategic location. 4

5 One team Our business is streamlined along 3 Strategic Business Units (SBUs) and the management team prides itself with a rich and diverse set of skills and experiences. Board of Directors Chief Executive Officer Executive Management Team Vice President Upstream Businesses Vice President Downstream Businesses Vice President Emerging Businesses Deputy Chief Executive Officer Chief Financial Officer General Counsel Vice President Strategy & Performance Management Advisors Chief Audit Executive Exploration & Production Refining & Marketing Mining and Metals Finance and Accounting Fertilizers Project Development Legal Petrochemicals Midstream and Power Corporate Affairs Strategic Business Units Research & Development Risk Management Corporate Sustainability 5

6 Our world: Growing portfolio Chile China Canada Germany Hungary India Kazakhstan Netherland Oman Pakistan Portugal Spain South Korea Tanzania UAE USA Investments Countries Sectors As of end of March

7 International Oman/GCC Our world: Growing portfolio Exploration & production 10 Refining & Marketing Base Petrochemicals Infrastructure Power Shipping Metals / Mining Abraj Energy 100% Services Mukhaizna Concession 20% Karim 25% Rima 25% MGP 100% Abu Tabul 100% UAE Gas 100% Sales Block % Oman Oil 49% Marketing Oman 25% Refineries & Petroleum Industries Oman Trading 70% International Duqm 50% Refinery Oman India 50% Fertiliser Salalah Methanol 90% Sohar PTA\PET 50% 25% 100% OTTCO 90% DPTC 90% Musandam Power Plant 70% Gulf 30.4% Energy Maritime Oman 20% Shipping Company Sohar 40% Aluminium Company Vale Oman 30% Takamul 95.1% Investment Caspian Offshore Concession Dunga 20% 20% Bharat Oman 26% Refineries MOL 7% Qingdao 30% Lidong Chemical Perpetual 16.48% 100% 10% 7.5% 30% GS EPS 30 % 42.5% 25% Power Orient 5% As of end of 2013 GNL Quintero Regas 15% 19.6% 7

8 Well-balanced OOC s portfolio is well-balanced by sector and geography Investments by sector Investments by geography Petrochemicals 19% Chile 2.1% India 3.7% UAE 1.6% Portugal 3.1% Kazakhstan 4.4% China 1.3% South Korea 0.8% Pakistan 0.3% Canada 0.1% Refining & Marketing 12% Metals 11% Power 1% Shipping 2% Energy Infrastructure 12% Exploration and Production 43% Spain 6.1% Hungary 6.2% Germany/USA 12.1% Oman 58.1% As of June

9 People: At the core of what we do People are at the core of our success and we are passionately committed to them; not just our people, but the Omani population at large. Takatuf Oman Human Capital is key to OOC & the nation s growth. Thus, a dedicated unit was set up to: Build and develop human Capital Grow local talent Identify potential leaders and accelerate their development Improve performance of our people Ensure readiness for future projects in terms of human resources 9

10 People: At the core of what we do People are at the core of our success and we are passionately committed to them; not just our people, but the Omani population at large. Corporate Sustainability We believe in targeted sustainable programs to benefit the community. Thus, we have: Group allocates up to 3% net profit towards CSR initiatives CSR programmes and initiatives focus on three main mandates Training for Employment Capacity Building Entrepreneurship and SME Support 10

11 Local investments: Multi-regional hubs Sohar Oman Oil Refineries and Petroleum Industries Company (ORPIC): Sohar Refinery: 117 KBPD Aromatics Plant: 1.01 MTA Polypropylene Plant: 340 KTA Sohar Aluminium Company : 370 KTA Vale Oman Pelletising Company: 9 MTA Oiltanking Odfjell Terminals : 1.29 million m3 OAPIL: 48KTA OARC: 140 KTA Gulf Specialty Steel Industries:30KTA Sohar Sulphur Fertiliser: 30KTA Sohar Refinery Improvement Project (ORPIC) Liwa Plastic project (ORPIC) Musct-Sohar Product PL (ORPIC) PTA/PET: 1.2 MTA, 500KTA MX/PIA (Takamul) Ferrochrome Project (Takamul) Musandam Gas Processing Plant (OOCEP) Power Plant (100 Mw) Muscat Oman Gas Company: >2,300 km pipeline ORPIC-MAF Refinery: 110.6KBPD Oman Oil Marketing: 144 retail stations Takamul Investment Company Oman Shipping Company: 43 vessels operated Oman Oil Exploration and Production Abraj Energy Services: 13 onshore drilling rigs Muscat City Gas (OGC) Sur Oman India Fertilizer Co: Urea: 1.65 MTA Surplus Ammonia: 250 KTA Khazan (E&P) Abu Tubul (E&P) Rima (E&P) Salalah Salalah Methanol Company (SMC): Methanol Production: 1.1 MTA Ammonia Production: 360KTA Oman Gas Company (OGC) LPG Extraction Plant Karim (E&P) Mukhaizna (E&P) Projects in development stage Duqm Duqm Refinery & Petrochemical Duqm Petroleum Terminal Company Markaz Crude Storage Terminal Centralized Utilities Company (Takamul) Gas Pipeline to Duqm (OGC) Oil Gas Pipeline to Ras Markaz (OGC) Steel cluster Aluminium projects Downstream (Duqm refinery Phase II) Projects in concept stage 11

12 Projects of over USD 15 Billion will be sponsored by OOC and its subsidiaries to further support the development of Duqm Central Utilities Duqm Refinery Liquid Jetty Backup Special Economic Zone: 1777 km 2 Strategically located Fully integrated City Excellent Infrastructure and logistics Well planned Industrial Zone World-class projects Dedicated international airport 12

13 The investment in Duqm refinery and petrochemical complex is expected to play a key role in Duqm s industrial transformation Duqm Refinery & Petrochemical complex (DRPIC) Description 50:50% JV partnership between IPIC and OOC Integrated complex developed on 900 Hectare area consisting of 230,000 barrels per day capacity, and designed for petrochemicals expansion Main products Diesel: 12,300 Naptha: 8,300 Jet A-1: 7,850 LPG: 1,100 Coke: 3,600 Sulphur: 700 Key Project upcoming Milestones FEED awarded Q Petrochemicals Master Plan:Q4/2014 Financial Close Out :Q4/2015 Commissioning of Refinery :Q4/

14 The liquid jetty will act as an important link allowing refined products to be transported in and out of Duqm Duqm Petroleum Terminal Company (DPTC) Description 90:10% JV partnership between OOC and Port of Duqm respectively Develop, build and operate the liquid bulk jetties and tank terminal in Duqm port. Provide terminal services to clients logistics requirements such us jetty operations, tank storage, blending, sampling, etc Construction of Jetty and related infrastructure including storage facility expected commissioning in Q1/2018 Key Project upcoming Milestones FEED completion : Q EPC Award : Q Commissioning : Q Liquid jetty 14

15 Once fully operational, Ras Markaz is expected to be the world s largest single storage location for crude oil Oman Tank Terminal Company (OTTCO) Description Located in Raz Markaz 70 km from Duqm port Natural Depth of 32m, able to accommodate VLCC crude ships The project aims to design, construct and operate Crude Oil Terminal and provide the following services: Short & long term storage for crude oil Strategic & Commercial Storage Blending facilities Export and import crude oil Offshore facility able to accommodate any tank size 24/7 operation Storage Capacity = up to 200 million barrel Current states FEED to be awarded in Q

16 Crude oil and gas pipelines are being constructed to transport oil and gas to the refinery Pipelines Description Gas pipeline: Construction of 230 km of 36 pipeline from Saih Nahada to Duqm Industrial area. As well as construction of Gas supply station capacity of 5MM sm 3 /d. It is expected to be commissioned by Q Crude Oil Pipelines: Construction of 2 crude pipelines KM crude pipeline from Nahada booster station to Ras Markaz with handling capacity up to 700,000 bbl/d - 70 km crude pipeline from Ras Markaz to Duqm Refinery with handling capacity up to 300 bbl/d Oil Crude pipeline Gas pipeline 16

17 Dedicated utilities facilities will be established to serve OOC projects & SEZAD s industrial zones Centralized Utilities (CUC) Description Establish a Centralized Utilities Service Company (CUC) to supply essential utilities such as steam, industrial gases, compressed air, process water and waste management. Current status A JV between Takamul hold (65%) and Sembcorp (35%). A JV between Takamul hold (70%) and Air Products (30%). Duqm SEZ Customers One-stop billing, collection, customer services Centralized Utilities Company LLC CUC SPVs Power & Steam Purchase Agreement Water* Purchase Agreement Wastewater Treatment Purchase Agreement Reclaimed Water Purchase Agreement District Cooling Purchase Agreement Asset Protection Purchase Agreement Haz. Waste Incineration Purchase Agreement Industrial Gases Purchase Agreement * Inclusive of Service water, cooling water, potable water, demin. water, fire water 17

18 Takamul Investment 18

19 Takamul is an investment company that builds sustainable, greenfield and brownfield industrial projects in Oman Chemicals Industrial Support Services Minerals Metals Contribute to expanding and diversifying Oman s industrial base and adding value to existing assets Integrating business and communities to develop profitable companies and contribute to the growth and wealth of the nation 19

20 Strategy and objectives Strategy Diversification beyond a resource led economy Integration of value chains and related opportunities Leverage existing assets in the country Objectives Developing independent sustainable commercial entities that can contribute to Creating direct and indirect jobs Creating further related investment opportunities Creating in-country value Displacing imports 20

21 Our business model Identify investment opportunities Integration with existing projects Imports replacement In-Country Value (ICV) Source technology Market study Feasibility study Partnership as required Engineering Develop projects up to commercial operation Create SPV s and retain an equity position Actively manage through Board and Board Committees Support at functional level when needed 21

22 Integration Integration Integration model and current portfolio 20 investments US $ 425 million committed equity 847 direct jobs 9 operating assets 11 projects under construction/formation Tier 1 Tier 2 Tier 3 Facility management Centralised utilities Centralised maintenance 22

23 Thank you 23