Singapore Petroleum Company Limited (SPC，a PetroChina company) is a Singaporean oil company. SPC is involved in the exploration and production of petroleum, refining, trading and petroleum product distribution.
The company was founded in 1969 as the Singapore Petroleum & Chemical Co. Pte Ltd and later changed its name to the Singapore Petroleum Company Ltd. The company is also a part owner of Singapore Refining Company Pte Ltd which was founded in 1979.[
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.
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.
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).
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.
Retail Sales and Development include a network of 39 service stations in Singapore, 28 of which were taken over from BPwhen 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.