forty years of significant milestones Looking Back...
Foreword by SPC and SRC Chairman Mr Choo Chiau Beng From the Board of Directors Glimmering:: Dawn of a Vision: 1969–1979 1969 – Incorporated on 19 May 1969 under the name ‘Singapore Petroleum & Chemical Company (Private) Limited’, and later renamed ‘Singapore Petroleum Company Private Limited’ 1973 – Refinery on Pulau Merlimau with refining capacity of 70,000bpd came on stream Shimmering:: First Light: 1979–1989 1979 – Established Singapore Refining Company Pte Ltd 1981 – Commenced aviation refueling services at Singapore Changi Airport 1983 – The Catalytic Reformer Complex was commissioned 1983 – The Visbreaker Complex was commissioned 1984 – Launched first service station in Jalan Buroh 1986 – The Hydrocracker Complex was commissioned
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Glittering:: Shining Flight: 1989–1999 36 1989 – Awarded Approved Oil Trader (AOT) status 1990 – Listed on Singapore Exchange under the name ‘Singapore Petroleum Company Limited’ 1991 – Commenced retailing of unleaded petrol at service stations 1992 – Pulau Sebarok Oil Storage Terminal was commissioned 1994 – Launched two modern service stations in Yishun and Pasir Ris 1995 – The Residue Catalytic Cracker Complex was commissioned Together We Celebrate With the people of SRC
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Message by SPC CEO Mr Koh Ban Heng
Scintillating:: Shining Through: 1999–2009 2000 – Ventured into the upstream business with the acquisition of interest in the Kakap PSC (Indonesia) 2000 – Revamped SPC logo to be in line with its vision to be a strong, integrated oil and gas company 2002 – Secured a stake in PT Transportasi Gas Indonesia 2004 – Acquired interest in Blocks 102 and 106 (Vietnam) 2004 – Acquired interest in Block B (Cambodia) 2004 – SPC acquired a 50% interest in the Singapore Refining Company Pte Ltd 2004 – Acquired BP’s retail network of 28 service stations and BP’s LPG business 2006 – Revamped the Residue Catalytic Cracker to increase throughput and volume of high-value products 2006 – Acquired interest in Block 101-100/04 (Vietnam) 2006 – Incorporated a wholly-owned subsidiary, Singapore Petroleum (Guangdong) Private Limited, in Guangzhou to distribute and market SPC-branded lubricants in China 2007 – Awarded exploration permit for Block T/47P in Bass Basin (Australia) 2007 – Awarded first 100% operatorship for Block 26/18 in the Pearl River Mouth Basin (China) 2007 – Oyong field of the Sampang PSC produced first oil 2007 – Acquired interests in Blocks 04/36 and 05/36 in Bohai Bay (China), currently SPC’s largest producing assets 2008 – Established first E&P branch office in Shekou (China) 2008 – Awarded first 100% operatorship in Indonesia for Mahakam Hilir PSC 2008 – Received Merit Award for Corporate Governance from the Securities Investors Association of Singapore for the sixth consecutive year 2008 – Received Gold Award for ‘Energy Company of the Year’ from Energy Business Asia 2008 for the second consecutive year 2009 – Established E&P branch office in Jakarta (Indonesia) 2009 – Received ‘Best Managed Board for 2008’ at the Singapore Corporate Awards 2009 for the second consecutive year Together We Celebrate With the people of SPC
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