Get documents about "1St Place Certificate Ministry of Petroleum QHSE 2008 Key Achievement Awarded
Description
1St Place Certificate document sample
Document Sample
Ministry of Petroleum
QHSE 2008 Key Achievement
Awarded international 1st place, Division I, safety
award from American Gas Processors Association (GPA).
Acquired ISO 14001/2004 Certificate.
UGDC is on the lead front to implement Integrated
Management System (IMS) and acquire ISO 9001, ISO
14001 and OHSAS 18001 for the entire company activities.
Community Support Achievements
Inaugurated a burn treatment unit at P/S
new
governmental hospital with a total contribution
of 2 million Egyptian pounds as a community donation.
- Contributed 4 million Egyptian pounds for Al Azhar
University Hospital at Damietta to renovate the
Emergency dept, pediatric dept in addition to providing an
ambulance.
2009-2011 Community Support Plan
A- 2009 Second Phase Damietta Hospital
B–2009 Port Said Fever Hospital
C- 2010 Damietta Hospital
D-2011 Port Said Governmental Hospital
2008 Key Achievements
Achieved, 2008, the highest yearly revenue since the Plant start-up
in 2005
Achieved the highest Monthly revenue since the Plant start-up in
2005 with 67.4 MM $ in July, 08
Commissioning and operation of the new loading arm in Mar,08
Achieved, since start Operations, 1.2 MM ton of propane, 0.9 MM
ton LPG and 5.7 MMBBls of condensate production
Completed Oct-08 shut down with 6 days ahead of schedule
- Early completion generated $ 8.6 million
- Installation, commissioning and operation of the New Pre
Treatment unit
- Installation, commissioning and operation of the New
Cold box E-02
Total Derivatives Sales Quantity
2008 Vs 2007 (k ton)
980
793
848
2007 2008 Actual 2008 Budget
59 % of Total Production is consumed locally
Propane Sales Quantity
2008 Vs 2007 (k ton)
414
373
2007 2008
40 k ton increase of Propane Sales
LPG Sales Quantity
2008 Vs 2007 (k ton)
334
282
2007 2008
50 k tons increase in LPG Sales
Condensate Sales Quantity
2008 Vs 2007 (k ton)
kton
250
231
200 194
150
100
50
2007 2008
0
338 KBBL increase in Condensate Sales
France
41 k ton 1st Jan-31st Dec 2008
10% Propane Export
Italy
Portugal
361 k Ton
12 k ton
87%
3%
• Propane Exported : 414 Kton ; 307 MM$
• Number of Vessels : 42
• Versus 42 vessels and 222 MM$ for the same period in 2007
UGDC 4 years Projects plan (2008–2011 )
Est. Total
Projects Status CAPEX 2008 2009 2010 2011
MM$
De bottlenecking & Flare Select Define Execute
In Progress 17.5
Mod. Project
Select Define
Ethane Project In Progress 120 Execute
Plants modification for C3 EPP Execute ( Phase (1) PS
In Progress
Supply to EPP Budget Phase (2) DA Feb.,10
New administration building
FEED 2009 6.2 Select Define Execute
at Port Said
Residue gas compressor Review
Appraise
3rd train Economics
Historical Total Revenue MM US$
Total March 05 Dec. 08 :
MM $ 1,407 eq. MM LE 7,753
MM U.S.$
700
608
600
500
436
400
300
228
200
135
100
0
2005 2006 2007 2008
UGDC Operations started on March 2005
Commutative Revenue is 363% of Paid Capital
Historical Net Profit MM $
Total March 05 Dec. 08 :
MM $ 959 eq. MM LE 5,285
MM U.S.$
700
600
500 414
400 326
300
200
146
100 73
0 2005 2006 2007 2008
UGDC Operations started on March 2005
Net Profit After Tax (Year 2008) increased by 27%
Financial Performance For Year 2008
Millions
Equivalent
Description MM$
MMLE
Total Revenue 608 3,350
Net Profit 414 2,281
Shareholders Distributions* (rounded) 391 2,184
$ 1.00 = LE 5.51
Period Total Revenue LE 3.4 Billion
Accrued Payable Corporate Tax for May 08 : Dec. 08 MM LE 253
Plus: Accrued Deferred Tax Liability LE 90 Million
Proposed Shareholders Dividends Distribution
Period: October – December 2008
Millions $
Shareholder Name
GASCO 12
BP 12
ENI 12
TOTAL (rounded) 36
Related docs
