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PETRONAS corporate report

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05 February 2020

PETRONAS corporate report

Report summary

PETRONAS aspires to be more than a traditional oil and gas producer, rebranding itself as a broad energy company. Its New Energy business division has been allocated up to 5% of the company's 2020 capital budget, with an emphasis on solar and wind. But the main priority remains to provide cheap and abundant energy. Corporate strategy will remain firmly grounded in oil and gas, in line with PETRONAS' obligation to develop Malaysia's hydrocarbon resources.

Table of contents

    • Current strategic position
    • Production outlook
    • New project returns
    • Business development options
    • Wood Mackenzie base-case valuation metrics
    • Wood Mackenzie base-case investment and cost metrics
    • Wood Mackenzie base-case production metrics
    • Wood Mackenzie base-case reserves and resources metrics
  • Economic assumptions

Tables and charts

This report includes 40 images and tables including:

  • Profit after tax by business segment
  • Distribution of NPV10
  • Free cash flow outlook
  • Corporate cash flow breakeven price
  • WM Upstream cash flow outlook
  • Base price assumptions (nominal terms)
  • Base price assumptions (nominal terms)
  • Base, high, and low Brent (nominal terms)
  • High price assumptions
  • Low price assumptions
  • Value assumptions
  • Foreign exchange rate assumptions
  • Interactive chart: WM Upstream NPV detail
  • PETRONAS strategic fit of upstream regions
  • PETRONAS upstream valuation by resource theme
  • PETRONAS production outlook by country
  • Production in Malaysia vs. International
  • Production of oil vs. gas
  • New upstream project returns
  • PETRONAS: new upstream project returns
  • PETRONAS: domestic uncontracted LNG supply
  • Malaysia LNG supply: MLNG and FLNG
  • Malaysia's oil product supply-demand balance
  • Refining net cash margins in 2020
  • Ethylene plant cash costs in Asia (ex China) - Top 15
  • Base case upstream NPV10
  • Upstream portfolio sensitivities vs. Upstream EV
  • Forecast development expenditure (nominal)
  • Forecast development expenditure (nominal)
  • Forecast operating expenditure (nominal)
  • New Project returns
  • Reported and WM forecast production
  • Liquid vs. Gas
  • Liquid Production
  • Gas Production
  • Total reserves: Wood Mackenzie commercial
  • Total resources: Wood Mackenzie by region
  • Reserve life: reported vs. Wood Mackenzie
  • Total reserves: reported vs. Wood Mackenzie

What's included

This report contains:

  • Document

    PETRONAS corporate report

    PDF 1.78 MB