Singapore Petroleum Company
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Singapore Petroleum Company Limited (SPC) (SGX: S99)is a Singaporean oil company. SPC is involved in the exploration and production of petroleum, refining, trading and petroleum product distribution.
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[edit] Exploration and Production
SPC's presence and profile in the regional E&P sector has grown with the acquisition of assets over the years. These assets include Block B in Cambodia, the Kakap Production Sharing Contract (PSC) and the Sampang PSC in Indonesia, Blocks 102 and 106, and Block 101-100/04 in Vietnam, Block T06-3 in Australia. In 2007, they expanded their assets to China with 3 additional blocks, 04/36 & 05/36 in Bohai Bay and Blk 26/28, offshore China.
In the pipeline business, SPC holds interests in three regional gas transmission pipelines. The 654-kilometre West Natuna Transportation System is the first Singapore cross border sub-sea gas pipeline carrying gas from the West Natuna Sea to Singapore. A consortium of PSC blocks in West Natuna including the Kakap PSC owns this pipeline.
The 468-kilometre Grissik-Batam-Singapore Pipeline is the second direct gas pipeline transmitting gas from Indonesia to Singapore. Gas to Singapore commenced in 2003 under a 20-year term contract between Singapore and Indonesia. The 536-kilometre Grissik-Duri Pipeline is a trunk line that transmit gas from the Grissik gas fields to Caltex's Duri facilities under long term contracts that commenced in 1998.
[edit] Refining, Supply and Trading
[edit] Refining
SPC, with equal partner Caltex, owns half of the 285,000 barrels per day (45,300 m³/d) Singapore Refining Company (SRC) plant, a complex refinery capable of cracking crude oil.
The refining of crude oil to petroleum products remains central to the Group’s operations. Given the complexity of its refining facilities, SPC is able to refine heavy, medium and light crudes. SPC buys crudes from some 13 countries with the bulk of its supplies coming from the Middle East. The API gravity of these crudes range from 18 (mostly heavy/sour crudes) to 45 (mostly light/sweet crudes). In 2006, the Group processed more than 51 million barrels (8,100,000 m³) of crudes through SRC, its jointly-owned refinery on Jurong Island.
[edit] Supply
The Company owns a storage terminal for petroleum products at Pulau Sebarok to support its marine bunker operations and trading and marketing activities. The 220,000 cubic metres terminal consisting of 13 tanks is equipped with a deepwater jetty up to 160,000 tonnes displacement.
[edit] Trading
The trading unit actively trades in a variety of distillate and residual products which include Naphtha, Gasoline, Automotive Diesel Oil, Jet Fuel and Fuel Oil.
The Aviation Sales unit markets and supplies aviation fuel to airlines at four international airports in Singapore, Hong Kong,Bangkok and Taipei. SPC is reputed as a reliable supplier of quality aviation fuel in the Asia-Pacific region with more than 30 years of aviation fuel sales and marketing expertise.
The Distillates unit is responsible for the sales and trading of naphtha, motor gasoline (petrol), gasoil (diesel) and jet fuel (kerosene).
The Residue unit is responsible for fuel oil trading and marine sales activities. Fuel oil of various specifications, including standard bunker grades, is sourced directly from SRC as well as from the Group’s extensive network of global oil traders. The unit utilises its operational expertise, storage facilities and trading network to build and maintain SPC’s reputation as a fuel oil and bunker player with a premium brand in the Singapore market.
In 2006, more than 74.1 million barrels (11,780,000 m³) of crudes and refined petroleum products were handled in these downstream product channels. Of this volume, slightly more than 50.0 million barrels (7,950,000 m³) were products sourced directly from SRC with the balance of more than 24.0 million barrels (3,820,000 m³) sourced from the Group’s extensive network of oil majors, multinational oil traders and national oil companies.
[edit] Marketing
Marketing BU is organised into five key units, namely Market Development and New Ventures, Retail Sales and Development, Commercial Sales, Lubricant Sales, and Operations and Logistics.
The Market development and Ventures (MDV) unit takes the lead in overseas market entry by seeking and evaluating potential downstream marketing investments and other opportunities in the Asia-Pacific region. The unit uses rigorous criteria to screen, evaluate and select the appropriate investment projects in order to grow earnings and shareholder value.
Retail Sales and Development include a network of 39 service stations in Singapore, 28 of which were taken over from BP when BP was exiting the retail business in Asia.
The Commercial Sales and Lubricant Sales units market petroleum products, special products and lubricants to commercial, industrial and wholesale markets domestically and regionally. These include Naphtha, Liquefied Petroleum Gas, Motor Gasoline, Industrial Diesel/Automotive Diesel Oil, Sulphur and Asphalt.
[edit] Financial
The company is listed on the SGX, the stock exchange of Singapore, and is part of the Straits Times Index.
The group achieved revenue of S$8.574 billion in 2006 and had a market capitalisation of S$2.7 billion.
[edit] Gas Stations
List of current SPC gas stations:
| Location | Address | Postal Code | Tel. |
|---|---|---|---|
| Market Street | 50 Market Street #01-19 Golden Shoe Car Park | 048940 | Telephone: (+65) 6536-3347 |
| Telok Blangah | 616 Telok Blangah Road | 109027 | Telephone: (+65) 6270-5693 |
| Pasir Panjang | 158 Pasir Panjang Road | 118555 | Telephone: (+65) 6273-3400 |
| Queensway | 264 Queensway | 149062 | Telephone: (+65) 6475-8726 |
| Commonwealth | 490 Commonwealth Ave | 149736 | Telephone: (+65) 6777-8413 |
| Bukit Merah | 3800 Jalan Bukit Merah | 159464 | Telephone: (+65) 6276-3351 |
| Havelock | 397 Havelock Road | 169630 | Telephone: (+65) 6734-1478 |
| Killiney | 132 Killiney Road | 239562 | Telephone: (+65) 6737-4164 |
| River Valley | 2 Jervois Road | 249098 | Telephone: (+65) 6476-1484 |
| Bt Timah 1 | 331 Bukit Timah Road | 259717 | Telephone: (+65) 6734-1108 |
| Bt Timah 2 | 623A Bukit Timah Road | 269733 | Telephone: (+65) 6467-9976 |
| Adam Road | 31 Adam Road | 289896 | Telephone: (+65) 6467-0862 |
| Dunearn | 260 Dunearn Road | 299542 | Telephone: (+65) 6251-1006 |
| Thomson | 327 Thomson Road | 307673 | Telephone: (+65) 6259-5294 |
| Toa Payoh | 180 Toa Payoh Lor 6 | 319381 | Telephone: (+65) 6253-1901 |
| Balestier | 462 Balestier Road | 329837 | Telephone: (+65) 6251-2206 |
| Macpherson | 429 Macpherson Road | 368140 | Telephone: (+65) 6282-4116 |
| Aljunied | 102 Aljunied Road | 389826 | Telephone: (+65) 6743-7084 |
| Changi | 337 Changi Road | 419810 | Telephone: (+65) 6741-0869 |
| Tanjong Katong | 1 Swanage Road | 437168 | Telephone: (+65) 6447-2729 |
| Mountbatten | 710 Mountbatten Road | 437734 | Telephone: (+65) 6447-3256 |
| Upper East Coast | 157 Upper East Coast Road | 455253 | Telephone: (+65) 6241-3914 |
| Bedok | 101 Bedok North Road | 469678 | Telephone: (+65) 6445-5822 |
| Pasir Ris | 11 Pasir Ris Drive 4 | 519456 | Telephone: (+65) 6583-7301 |
| Upper Serangoon | 849 Upper Serangoon Road | 534686 | Telephone: (+65) 6282-3583 |
| Hougang | 120 Hougang Ave 2 | 538858 | Telephone: (+65) 6282-9085 |
| Yio Chu Kang | 76 Yio Chu Kang Road | 545570 | Telephone: (+65) 6382-9976 |
| Ang Mo Kio | 793 Ang Mo Kio Ave 1 | 569975 | Telephone: (+65) 6456-4968 |
| Upper Thomson | 98 UpperThomson Road | 574330 | Telephone: (+65) 6353-3530 |
| Jalan Leban | 1 Jalan Leban | 577546 | Telephone: (+65) 6456-0967 |
| Braddell | 317 Braddell Road | 579706 | Telephone: (+65) 6252-8103 |
| Jurong East | 91 Jurong East Ave 1 | 609786 | Telephone: (+65) 6560-9786 |
| Jalan Buroh | 33 Jalan Buroh | 619487 | Telephone: (+65) 6268-8669 |
| Jurong Pioneer | 8 Pioneer Road | 628495 | Telephone: (+65) 6265-8893 |
| Tuas | 16 Tuas Road | 637597 | Telephone: (+65) 6737-3619 |
| Jurong West | 100 Jurong West Ave 1 | 649519 | Telephone: (+65) 6566-1783 |
| Woodlands | 250 Admiralty Road | 739981 | Telephone: (+65) 6269-9953 |
| Sembawang | 588 Sembawang Road | 758448 | Telephone: (+65) 6754-1770 |
| Yishun | 599 Yishun Ring Road | 768683 | Telephone: (+65) 6753-3567 |
