86.aseam Langkawi (2sep07) PDF
86.aseam Langkawi (2sep07) PDF
86.aseam Langkawi (2sep07) PDF
NAZERY KHALID
Research Fellow
Aseambankers Oil and Gas Conference
Langkawi, 1-2 September 2007
PRESENTATION OUTLINE
Oil and gas (O&G) market scenario.
Malaysian O&G sector
Deepwater development.
Overview of maritime transport of
energy : tankers / OSV.
Outlook, trends opportunities and
challenges.
OIL’S NOT WELL?
OIL MARKET SCENARIO
World’s oil need : 82 mil. barrels/day.
IEA projected this to double by 2030.
Current reserves : 1.93 tril. barrels.
Production depletion rate : 1 mil./day.
Peak oil : no longer a myth?
Imbalance in production / consumption
and instability in oil-producing nations.
US$100 / barrel oil by year end?
GETTING GAS -
GAS MARKET SCENARIO
Accounts for 22% of global energy mix.
Rapid global growth of LNG use.
Production up from 240 bcm in 2004 to
projected 360 bcm in 2010 (IEA).
Advanced technologies allow extraction
of gas from smaller wells quicker.
LNG shipping investment ahead of demand.
Pipeline investment a serious concern.
MALAYSIA’S ENERGY RICHES
www.petronas.com.my
OFFSHORE ENERGY FORAY
www.onassis.gr
OIL TANKER MARKET SCENARIO
Supply of tankers = Existing fleet –
scrapping / loss of tonnage +
newbuilding.
Carriage of crude & oil clean products.
IMO requirement of double hull tankers.
Two types of operators : captive fleet
& independent tanker fleet.
Tanker demand depends on demand /
supply, location and refining of oil.
OIL TANKER MARKET SCENARIO
Oil tanker fleet grew from 143 in 2000 to
175 in 2004.
MISC through AET has global reach and
a modern, young fleet of 45 oil tankers.
Prospect of demand for oil tanker
services arising from Trans-Peninsular
Pipeline.
M’sia exported RM32.56 bil. crude in
2006. Higher export forecasted near term.
GAS TANKER
GAS TANKER MARKET SCENARIO
LNG/LPG carrier fleet grew from 38 in
2000 to 45 in 2004.
MISC is world’s largest owner-operator
of LNG fleet (23 tankers now, 29 by 2010).
Kikeh to start production 4Q 2006,
expected to produce 120,000 bpd of oil.
Malaysia exported RM23.28 bil. of LNG in
2006. Higher export projected in near
term to meet rising global demand.
OSV MARKET SCENARIO
OSV play critical role in supporting the
offshore O&G industry.
Needed in exploration & production
(E&P), transportation of crew and
supplies, maintenance activities.
Boom in Asian offshore O&G activities
has increased demand for OSV.
OSV deployment most prominent in
deepwater.
FEATURES OF OSV MARKET
mmc-shipdesign.com
CONVENTIONAL OSV
Used to support operations of offshore
O&G industry.
Typically carries supplies and crew to
offshore sites / platforms.
Usually not exceeding 6,000 GRT in
capacity.
Produced in leading local yards.
Increasingly fitted with state-of-the-art
components, systems and technology.
PSV
Marinelog.com
PSV
Ship specially designed to support
offshore oil platforms.
Services provided : supply of drilling
muds, fuel, chemicals, water,
pulverized cement, tools used in drilling
process; crew transportation.
Range from 65-350 feet in length.
Can handle special tasks like laying,
monitoring and retrieving seismic
cables.
AHTS
mmc-shipdesign.com
AHTS
Provide supply to oil platforms.
Tow platforms to location.
Anchor platforms to seabed.
Act as Emergency Rescue and Recovery
Vessels (ERRV).
TUGBOAT
netmarine.net
TUGBOATS
Pull and push ships into and out of
harbors and through rivers and canals.
‘Tow’ ships in distress / out of accident
areas.
Tow barges and equipment.
Carry construction materials to and from
offshore development sites.
OUTLOOK
[email protected]
www.mima.gov.my