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A Quarterly <strong>SPC</strong> Newsletter<br />

Issue 4 2008<br />

p5<br />

<strong>SPC</strong> acquires its first<br />

onshore block<br />

p8<br />

Being a<br />

good sport<br />

p10<br />

How green are you?<br />

p14<br />

FaRmily Fun


A Quarterly <strong>SPC</strong> Newsletter Issue 4 2008<br />

Editorial<br />

Forging closer ties with China<br />

<strong>SPC</strong>’s success as a strong, integrated oil and gas company against the<br />

backdrop of Singapore’s rapid economic development has attracted<br />

attention from countries near and far, including China. This is evident<br />

from two high-profile visits by Guangdong dignitaries recently.<br />

On 15 September 2008, Guangdong GuangYe Assets Management<br />

Co., Ltd. (Guangdong GuangYe) visited the <strong>SPC</strong> head office and toured<br />

its storage and terminalling facilities at Pulau Sebarok. Guangdong<br />

GuangYe manages the state-owned assets of the Guangdong<br />

government. The delegation of senior management executives was led<br />

by Mr Wu Liang, Chairman of Guangdong GuangYe. This was Mr Wu’s<br />

second visit to <strong>SPC</strong> since 2007. The delegates were warmly received by<br />

<strong>SPC</strong> CEO Mr Koh Ban Heng and his management team, who gave the<br />

group an overview of <strong>SPC</strong>’s business activities.<br />

(From left) Mr Lim Chee Onn, Chairman,<br />

Keppel Corporation and <strong>SPC</strong> Chairman<br />

Mr Choo Chiau Beng, gave a warm<br />

welcome to Mdm Zhang Xiaokang,<br />

China’s Ambassador to Singapore and<br />

Mr Wang Yang, Guangdong Party Secretary.<br />

The following day saw Mr Wang Yang, Guangdong Party Secretary<br />

and Mdm Zhang Xiaokang, China’s Ambassador to Singapore, leading<br />

20 top officials from the South China province to the Singapore<br />

Refining Company (SRC). This was Mr Wang’s first visit to Singapore<br />

since his appointment as Guangdong Party Secretary in 2007. Keppel<br />

Corporation’s Chairman Mr Lim Chee Onn, <strong>SPC</strong> Chairman Mr Choo<br />

Chiau Beng and Mr Koh met the group to show them around the<br />

refinery. Besides the SRC, the delegation also visited the ChemGallery<br />

on Jurong Island as part of their four-day visit to learn about Singapore’s<br />

economic development.<br />

With China fast becoming an economic powerhouse, <strong>SPC</strong> looks forward<br />

to exploring growth opportunities with its Chinese counterparts.<br />

Looking at the headlines these days, it is not easy to find a piece of<br />

good news. With the doom and gloom reported everywhere, it seems<br />

that things will get even gloomier this year of the Ox. So when I was<br />

asked to do an editorial for this issue of ROAR, I wondered what I could<br />

share that is cheerful and would lighten up the mood. It actually wasn’t<br />

so difficult after all. By nature I am always inclined to look at the bright<br />

side of things. That is not to say that I am oblivious to the “dark” side.<br />

Feeling gloomy does little to help us overcome the bad situations that<br />

we may find ourselves in. With that in mind, let me share some of the<br />

cheers that we have in <strong>SPC</strong>.<br />

The Company organises regular recreational events for us all to enjoy<br />

time-out and build camaraderie with colleagues and family members.<br />

Activities such as movie screenings, overseas holiday trips, bowling<br />

tournaments, paintball games, annual family day for staff and dinner<br />

and dance as well as long service award luncheon, have always<br />

played to full house. We don’t just bring cheers to ourselves but also<br />

endeavoured to share that with the less privileged in our community.<br />

These included the annual Chinese New Year lunch for the elderly,<br />

an outing for underprivileged children to the Singapore Flyer and our<br />

participation in various charity and fund-raising events. So in the cheer<br />

department, we do serve up a varied menu and more than a plateful.<br />

Amidst the gloom last year, the <strong>SPC</strong> Group has also won many<br />

awards. We won the SIAS corporate governance award for the sixth<br />

consecutive year, the Energy Company of the Year (Gold award) for the<br />

second time, a joint third position for the Best Managed Board, and<br />

last but not least a first ever investor relations award. In the upstream<br />

business, we have also much to cheer about as we continue to grow<br />

our portfolio by winning 100% operatorship for the Mahakam Hilir<br />

block and setting up our China branch office in Shekou.<br />

2009 marks <strong>SPC</strong>’s 40 th anniversary. Having journeyed through the ups<br />

and downs with the Company for so many years, I can assure you that<br />

there is a lot to roar and cheer about in <strong>SPC</strong>. ROAR will be launching<br />

a special edition this year to pay tribute to all of you who have served<br />

the Company so loyally all these years. With the team that we have, I<br />

am sure we have the resilience to look on the bright side and continue<br />

to forge ahead and celebrate more successes.<br />

Remember, when you smile the whole world smiles with you. So, let us<br />

spread our smiles around, both in and out of the office and be of good<br />

cheer and spirit in this year of the Ox.<br />

Cheers!<br />

Doris Tan<br />

General Manager<br />

Human Resource & Administration<br />

2<br />

3


A Quarterly <strong>SPC</strong> Newsletter Issue 4 2008<br />

FY2008 results<br />

<strong>SPC</strong> reported its full year 2008 financial results on 20 January<br />

2009 and delivered a credible performance amidst a turbulent<br />

2008. Revenue increased 26.9% to a record $11.1 billion and PATMI<br />

(Profit After Tax and Minority Interests) was $229.7 million, a 55.4%<br />

decrease from a year ago, mainly on account of the weaker demand<br />

for refined products seen in the second half year. Despite a difficult<br />

year, the <strong>SPC</strong> Group achieved a return on equity of 13.1% in 2008.<br />

Earnings per share decreased from 99.9 cents per share to 44.61<br />

cents per share for the year 2008.<br />

In view of this commendable performance and to continue rewarding<br />

shareholders, the Board is recommending a final dividend of eight<br />

cents per share. This, coupled with the Group’s interim ordinary<br />

dividend that was paid in August 2008, would bring the total<br />

dividends for the financial year 2008 to 28 cents per share or a<br />

payout ratio of about 63% of PATMI.<br />

Commenting on the results, <strong>SPC</strong> CEO Mr Koh Ban Heng said, “In<br />

2000, <strong>SPC</strong> ventured into the exploration and production (E&P)<br />

sector to diversify its earnings base for long-term sustainability.<br />

Today, this strategy has achieved tangible results. Over the past few<br />

years, <strong>SPC</strong>’s E&P business has grown from strength to strength.<br />

The upstream business contributed about 40% of the Group’s 2008<br />

after-tax earnings. We have exceeded our near term target to have<br />

E&P contribute at least 30% of the Group’s bottom-line well ahead<br />

of our initial schedule.”<br />

While the global financial crisis had affected the Group’s<br />

performance adversely in 2008, <strong>SPC</strong> will continue to review all its<br />

capital investments and operating expenditures to ensure that these<br />

make economic sense in the current difficult environment. With low<br />

gearing and no long-term borrowings to be re-financed, the Group<br />

is financially robust and will be able to remain resilient in the face<br />

of the current economic downturn. Despite the difficult operating<br />

environment, the Group will continue to invest prudently to benefit<br />

from opportunities that may arise from the current downturn.<br />

<strong>SPC</strong> acquires its first<br />

onshore block<br />

In November 2008, the Indonesian<br />

government put up 29 oil and<br />

gas exploration and production<br />

(E&P) acreages worth US$891.8<br />

million for bidding. <strong>SPC</strong> was one<br />

of the successful bidders. The<br />

Company entered into a Petroleum<br />

Production Sharing Contract (PSC)<br />

with BPMIGAS, an Indonesian<br />

state-owned legal entity, to explore<br />

the Mahakam Hilir Block.<br />

The Block, covering approximately 344.14 square kilometres, is<br />

located onshore in the Kutai Basin in East Kalimantan. Located in one<br />

of Indonesia’s largest and most prolific oil and gas producing basins,<br />

the Mahakam Hilir block is <strong>SPC</strong>’s third asset in Indonesia, in addition<br />

to the Kakap and Sampang PSCs.<br />

As the Block’s 100% operator, <strong>SPC</strong> is committed to conducting seismic<br />

studies and exploration drilling to assess the potential of the acreage.<br />

With this latest addition, the Company now has a total of nine PSCs and<br />

one exploration permit, of which four are producing assets while the<br />

rest are at the exploration stage.<br />

A signing ceremony to mark the award to bidders was held in Jakarta,<br />

Indonesia on 13 November 2008.<br />

Kuala Lumpur<br />

Singapore<br />

Bandar Seri Begawan<br />

Mahakam Hilir<br />

The signing ceremony marking the<br />

acquisition was held in Jakarta.<br />

On the operatorship of its first onshore block, <strong>SPC</strong> CEO Mr Koh Ban<br />

Heng said, “This investment is in line with <strong>SPC</strong>’s plan to grow its E&P<br />

business, and participate in the entire oil and gas value chain.” He added,<br />

“The integration of <strong>SPC</strong>’s businesses will strengthen our earnings in the<br />

long-term and in many ways, validate our E&P growth.”<br />

First upstream<br />

office in China<br />

With the rapid development of <strong>SPC</strong>’s<br />

exploration and production (E&P)<br />

activities in China, <strong>SPC</strong> has set up<br />

its first upstream branch office in<br />

Shenzhen, China. A good number<br />

of Chinese government officials,<br />

along with a representative from<br />

International Enterprise Singapore<br />

The inauguration dinner<br />

provided excellent networking<br />

opportunities to build<br />

relationships.<br />

(Guangzhou Centre) as well as <strong>SPC</strong>’s business partners and<br />

associates, attended the grand opening of the office in Shenzhen<br />

on 22 September 2008.<br />

<strong>SPC</strong> E&P (China) Pte Ltd was established to operate and manage<br />

<strong>SPC</strong>’s E&P assets in China, namely Block 26/18 in the Pearl River<br />

Mouth Basin and Blocks 04/36 and 05/36 in Bohai Bay. With these<br />

three Chinese blocks, <strong>SPC</strong> continues to strengthen its strategic<br />

partnership with China National Offshore Oil Company (CNOOC),<br />

a relationship established since <strong>SPC</strong>’s formative days when its<br />

businesses were exclusively downstream in nature. Currently, the<br />

Bohai blocks are <strong>SPC</strong>’s largest producing asset.<br />

A ribbon-cutting ceremony was held at the new office located<br />

at Times Plaza. The event was officiated by <strong>SPC</strong> and CNOOC,<br />

witnessed by about 20 distinguished guests. A dinner reception<br />

followed at Kempinski Hotel, Shenzhen for more than 70 guests<br />

who came to celebrate the happy occasion.<br />

In Loving Memory of<br />

The late Chris Keong Poh Guan<br />

(24 April 1953 - 21 October 2008)<br />

Former Senior Vice-President, Marketing<br />

Jakarta<br />

The opening of the upstream office marked <strong>SPC</strong>’s confidence<br />

in China’s rapid development into a major oil and gas producing<br />

country. <strong>SPC</strong> endeavours to work closely with CNOOC to ensure<br />

the sustainable development of China’s oil resources.<br />

Dearly remembered by <strong>SPC</strong> colleagues<br />

The Mahakam Hilir acreage in Indonesia is <strong>SPC</strong>’s first onshore block.<br />

4<br />

5


A Quarterly <strong>SPC</strong> Newsletter Issue 4 2008<br />

<strong>SPC</strong> wins recognition<br />

for investor relations<br />

<strong>SPC</strong> CFO Mr Lee Chiang Huat<br />

was proud to receive the award<br />

from Mr Chris Kearns, Regional<br />

Manager for Asia-Pacific, The<br />

Bank of New York Mellon.<br />

The roar from the iconic leaping lion of<br />

<strong>SPC</strong> came across loud and clear when<br />

it was announced at the IR Magazine<br />

South East Asia Awards 2008 that the<br />

Company clinched the ‘Most Progress<br />

in Investor Relations - Small or Midcap’<br />

title.<br />

It marked a giant leap of confidence<br />

and achievement for <strong>SPC</strong>, being the<br />

top company in Southeast Asia for<br />

this category, considering the current<br />

trying economic situation. The annual<br />

IR Magazine Awards event has been<br />

widely recognised as the most accurate<br />

and valid measure of excellence in<br />

investor relations. The monthly UK-based magazine of 20 years is one<br />

of the most respected publications in the market, covering all areas<br />

in the field of investor relations. It is also a proud host of awards and<br />

conferences in countries that includes Australia, Canada, continental<br />

Europe, Hong Kong, Taiwan, the Nordic Region, the UK and the US. The<br />

IR Magazine South East Asia Awards, now into its fourth year, has been<br />

polling investors and analysts globally for the best in investor relations<br />

in Southeast Asian companies.<br />

The event also presented other general awards in several categories,<br />

honouring leading companies across Singapore, Malaysia, Indonesia,<br />

Thailand and the Philippines. The winners were determined based on<br />

the results of a survey with over 5,000 investors and analysts from<br />

more than 14 countries worldwide covering the Asian market.<br />

<strong>SPC</strong> was nominated in the small or mid-cap category as having achieved<br />

the most progress in investor relations, alongside heavyweights like<br />

Banyan Tree Holdings and CapitaCommercial Trust Management. <strong>SPC</strong><br />

was announced the winner of this title at the award ceremony held over<br />

a conference and luncheon at the Mandarin Oriental Singapore on 14<br />

November 2008.<br />

Undoubtedly the Company’s spirit in advocating transparency and<br />

engaging investors and analysts actively has won it many votes.<br />

“This award is a pleasant vindication of our IR team efforts. Together<br />

with our Business Units, we will strive to achieve even more in the IR<br />

space,” said Mr Lee Chiang Huat, <strong>SPC</strong> CFO who leads the IR team.<br />

The lion will roar even louder.<br />

Exploring global<br />

opportunities<br />

<strong>SPC</strong> CFO Mr Lee Chiang Huat<br />

introducing the <strong>SPC</strong> exhibits to<br />

Mr S Iswaran, Senior Minister of<br />

State for Trade and Industry.<br />

The exhibition served as a platform<br />

for the E&P team to profile their work<br />

to local and foreign visitors for possible<br />

business opportunities.<br />

Suntec Singapore became a hive of activity for the oil and gas fraternity<br />

when OSEA, Asia’s biggest oil and gas exploration and production industry<br />

exhibition and conference, came to town on 2 December 2008.<br />

This was the 17 th time that the event was held and the largest in scale<br />

since its inauguration in 1976. As the only integrated oil and gas<br />

company in Singapore, <strong>SPC</strong> took the opportunity at OSEA to showcase<br />

its business activities, especially its upstream portfolio, which has<br />

grown rapidly across the Asia-Pacific region.<br />

With more than 15,000 industry professionals and government<br />

officials from over 60 countries attending the four-day event, OSEA<br />

was a remarkable global networking platform for <strong>SPC</strong> to explore<br />

new oil and gas business opportunities, as well as expand its market<br />

presence worldwide.<br />

A faithful friend<br />

of the arts<br />

(Left) Mr Kevin Siak, Manager,<br />

Customer Relationship<br />

Management receiving the<br />

award from Dr Lee Boon<br />

Yang, Minister for Information,<br />

Communications and the Arts.<br />

As an avid sponsor of arts activities, <strong>SPC</strong> was recognised as a ’Friend<br />

of the Arts’ at the National Arts Council’s 2008 Patron of the Arts Award<br />

Ceremony on 21 October 2008.<br />

The evening event held at the Esplanade Theatre was graced by Dr Lee<br />

Boon Yang, Minister for Information, Communications and the Arts.<br />

An encouraging number of 291 sponsors comprising 262 organisations<br />

and 29 individuals contributed close to $37 million in cash and kind<br />

to the Singapore arts scene in 2007. This robust support from patrons<br />

enabled arts groups across Singapore to bring creativity and a new<br />

dimension of originality to the local arts scene through outreach events<br />

such as arts education, exhibitions, musicals, arts infrastructure,<br />

festivals and international arts showcases.<br />

Since <strong>SPC</strong>’s early days, the Company has been a loyal supporter of the<br />

Singapore Symphony Orchestra. In 2007, <strong>SPC</strong> sponsored the Singapore<br />

Symphony Orchestra’s China Tour where local musicians performed<br />

across five Chinese metropolis. The Singapore Chinese Orchestra<br />

and the Majlis Pusat Cultural Night were also <strong>SPC</strong>’s sponsorship<br />

beneficiaries. As a devoted supporter of the Singapore arts scene, <strong>SPC</strong><br />

has consistently been receiving recognition at the annual Patron of the<br />

Arts Award Ceremony.<br />

Energy star<br />

Amid the unpredictable oil prices in 2008, <strong>SPC</strong>’s resilience was<br />

acknowledged by the industry as it garnered its second award for<br />

excellence in the energy business, competing with energy giants in Asia.<br />

<strong>SPC</strong> collected the gold award for ‘Energy Company of the Year’ for the<br />

second year running, retaining the accolade it won in 2007 at the Energy<br />

Business Awards, Asia (EBAA) which was held in conjunction with the<br />

Asia Pacific Petroleum Conference (APPEC).<br />

The EBAA was first introduced in 2007 to honour companies in the<br />

region which have contributed significantly to the development of the<br />

energy business.<br />

The APPEC is a highly-acclaimed energy forum in Asia which has, since<br />

1985, been bringing industry players together annually to shed light on<br />

the prospects and challenges in the energy business.<br />

The 24 th APPEC was held at Raffles City Convention Centre from 21 to<br />

23 October 2008. At the opening ceremony of the forum, <strong>SPC</strong> received<br />

its gold award from Mr Linus Koh, President & COO of Singapore<br />

Mercantile Exchange.<br />

Ms Foo Jang See, <strong>SPC</strong> Senior Vice-President of Crude and Products Trading receiving the<br />

gold award from Mr Linus Koh, President & COO of Singapore Mercantile Exchange.<br />

6<br />

7


A Quarterly <strong>SPC</strong> Newsletter Issue 4 2008<br />

Being a good sport<br />

Heavy rains loomed in Brunei Darussalam, but they certainly did not<br />

dampen the high spirits of some 350 sports enthusiasts from the<br />

ASEAN national oil companies at the 22 nd ASCOPE Games.<br />

ASCOPE, which stands for “ASEAN Council on Petroleum”, was born in<br />

1975 to forge closer cooperation among ASEAN countries on oil and<br />

gas matters. From the initial five countries of which <strong>SPC</strong> represents<br />

Singapore, ASCOPE has now expanded to 10 ASEAN member<br />

countries assembling regularly through meetings and conferences to<br />

promote collaboration and discuss developments in the petroleum<br />

industry. <strong>SPC</strong> Chairman Mr Choo Chiau Beng and CEO Mr Koh Ban<br />

Heng attended the last ASCOPE National Committees Meeting for<br />

2008 in Malaysia on 20 August (see side story).<br />

The ASCOPE Games is another initiative that fosters friendship and<br />

strengthens the unity of the member countries. PetroleumBRUNEI<br />

hosted the 22 nd ASCOPE Games from 22 to 26 October 2008.<br />

Apart from the host, <strong>SPC</strong>, Pertamina, Petronas, PNOC and PTT also<br />

participated in the Games. <strong>SPC</strong> sent in three teams to compete<br />

in golf, badminton and bowling. Mr Choo and Mr Koh were at the<br />

Games to cheer the teams on.<br />

Though <strong>SPC</strong> did not win any medal, it was the Asean togetherness and<br />

spirit that mattered.<br />

The relief formula<br />

A joint cooperative agreement among <strong>SPC</strong>, PETRONAS,<br />

PERTAMINA, PTT and PNOC was signed at the 67 th ASEAN<br />

Council on Petroleum (ASCOPE) National Committees Meeting in<br />

Kuala Lumpur, Malaysia recently.<br />

Under this Resource Matrix Guiding Principle Document agreement,<br />

participating countries would deploy the required emergency<br />

resources to a member country when it has exhausted all its<br />

local resources in the event of a crisis. Aimed at enhancing each<br />

member’s crisis response capabilities, such collaborative effort is<br />

intended to build up the collective strength of ASCOPE members.<br />

The ASCOPE meeting held in Malaysia from 20 to 25 August was<br />

the second National Committees meeting for 2008 after a first in<br />

Bali, Indonesia in April. <strong>SPC</strong> is an active participant of ASCOPE,<br />

with key representations across all its working committees.<br />

Below:<br />

Besides the National Committees Meeting, ASCOPE members also meet<br />

at the Council Meeting annually to review past year’s activities and provide<br />

recommendations. <strong>SPC</strong> Chairman and CEO led the Singapore delegation to attend<br />

the 34 th ASCOPE Council Meeting in Malaysia on 30 November 2008.<br />

Right:<br />

After several days of intense competition at the games, participants finally loosened up<br />

at the finale dinner and enjoyed themselves through the night.<br />

8<br />

9


A Quarterly <strong>SPC</strong> Newsletter Issue 4 2008<br />

EHSS Quiz 2008<br />

1) Identify three hazards at your workplace.<br />

a)<br />

b)<br />

c)<br />

2) The United Nations Number for petrol is _____________ and<br />

the Hazard Information Emergency Code is ______________.<br />

3) When is “Bring Your Own Bag Day (BYOBD)”?<br />

a) Every first Wednesday of the month<br />

b) Every Wednesday of the week<br />

c) Every last Wednesday of the month<br />

4) Name three safety precautions to take when filling petrol at the<br />

service stations.<br />

a)<br />

b)<br />

c)<br />

5) The Workplace Safety and Health Act (WSHA) replaces the<br />

Factories Act, with effect from ___________ (dd/mm/yyyy).<br />

Its subsidiary legislation, Workplace Safety and Health<br />

(Risk Management) regulation, came into operation on<br />

___________ (dd/mm/yyyy).<br />

6) Which of the following is NOT a greenhouse gas?<br />

a) Water Vapour b) Methane c) Hydrogen<br />

7) Which substance will cause Ozone depletion?<br />

a) Chloro Fluoro Carbon (CFC) b) Carbon Dioxide c) Nitrogen<br />

8) List three activities which can help conserve energy at your<br />

workplace and briefly explain how you would implement them.<br />

a)<br />

b)<br />

c)<br />

9) Every hazardous product requires a SDS. What is SDS?<br />

a) Safety Data Sheet<br />

b) Safety Data Specifications<br />

c) Safety Demonstration Specialists<br />

10) In Singapore, the permissible sulphur content for automotive<br />

diesel is ____________ ppm.<br />

How green are you?<br />

<strong>SPC</strong> continues its efforts in promoting environmental awareness to<br />

its employees with the launch of a green quiz on 18 September 2008.<br />

An initiative by the Environment, Health, Safety and Security (EHSS)<br />

Committee, the EHSS Quiz 2008 also welcomed entries from service<br />

station staff and contractors.<br />

Six winners emerged after a month-long battle. Congratulations and well<br />

done to all our winners!<br />

Position Name department<br />

1 st Suresh P Sivanandam Manufacturing<br />

2 nd Nah Wenbin Exploration & Production<br />

3 rd Daing Alwee Pulau Sebarok Terminal<br />

4 th Tan Yeen Voon Exploration & Production<br />

5 th Teh Chee Hang Pulau Sebarok Terminal<br />

6 th Garett Lim Choon Lam Lubricant Sales<br />

Are you also ‘green’ enough to take on the quiz? Try the questions and see<br />

if you can fare as well as the winners.<br />

Answers are found at the end of this page.<br />

Good luck!<br />

Answers:<br />

1) Hazard is defined as anything with the potential to cause harm.<br />

Some examples: Electrical wires on the office floor; blind corners around cubicles<br />

2) 1203; 3[Y]E<br />

3[Y]E means:<br />

First prize winner Mr Suresh<br />

P Sivanandam from Manufacturing<br />

(right) receiving his prize from<br />

Mr Lim Swee Yong, EHSS Manager.<br />

3 – Foam<br />

[Y] – Violent Reaction Possible, BA required if product is on FIRE.<br />

E – Consider Evacuation<br />

(This sign is displayed on most of the petroleum road tankers in Singapore)<br />

3) b) Every Wednesday of the week (Giant at Vivo City has such a signage at the checkout counter)<br />

4) a) Switch off the engine (by law)<br />

b) No naked flame (by law)<br />

c) Do not smoke (by law)<br />

d) Do not use mobile phone (industry self-regulation)<br />

5) 01/03/2006; 01/09/2006<br />

6) c) Hydrogen<br />

7) a) Chloro Fluoro Carbon (CFC)<br />

8) Some examples: Turn off electrical appliances when not in use; Use energy saving bulbs<br />

9) a) Safety Data Sheet<br />

10) 50<br />

Mr Koh and Associate Professor<br />

Nilanjan Sen, Associate Dean of<br />

Nanyang Executive Education,<br />

sealed a partnership for <strong>SPC</strong><br />

staff development.<br />

The nine-module <strong>SPC</strong> Leadership Program for<br />

senior executives and managers held its first<br />

lesson in November 2008 at the Nanyang<br />

Executive Centre.<br />

Leaders in the making<br />

Did you know that leadership is neither confined to position nor limited<br />

by experience?<br />

In line with its human capital strategy to cultivate potential leaders,<br />

<strong>SPC</strong> has inked a leadership series with the Nanyang Business School of<br />

Nanyang Technological University to develop and enhance the leadership<br />

skills of its employees. The <strong>SPC</strong> Leadership Series consists of three<br />

courses: <strong>SPC</strong> Management Programme, <strong>SPC</strong> Leadership Programme<br />

and <strong>SPC</strong> Advanced Leadership Programme, that would serve executives,<br />

middle and senior managers, respectively. The courses will be delivered<br />

over the course of two years, until mid-2009.<br />

On the initiation of the joint effort, <strong>SPC</strong> CEO Mr Koh Ban Heng<br />

highlighted the Company’s strong partnerships with local universities<br />

for talent development at the signing ceremony on 18 September<br />

2008. <strong>SPC</strong> has been working closely with the National University of<br />

Singapore to nurture a pool of homegrown oil and gas specialists.<br />

<strong>SPC</strong> is now partnering the Nanyang Business School, selected<br />

for its high academic standards in executive training, for<br />

leadership development.<br />

Showing compassion<br />

Suppose you heard on the radio about<br />

a fire that had just broken out at a<br />

production plant. You have a family<br />

member who works there. What would<br />

you do? Call the company to confirm<br />

the incident and find out if anyone<br />

was hurt?<br />

Now, imagine how the company’s<br />

telephone lines would be flooded with<br />

calls from the next-of-kin (NOK) and how<br />

it would have to deal with the people<br />

gathered at the site, seeking information<br />

about the fire and their loved ones.<br />

Dr Victor Tai dotted his<br />

presentation with real case<br />

examples to enhance the<br />

participants’ understanding of<br />

the topics.<br />

During an emergency situation, NOK management is critical and integral<br />

to crisis response. Anger, confusion and uncontrollable anxiety from the<br />

families are some emotional outcomes that the company may have to<br />

grapple with. Having the appropriate skills to render assistance to the<br />

families will ease the pain caused by any tragedy.<br />

<strong>SPC</strong> recognises the challenges of NOK management. To equip its<br />

employees with the necessary skills to assist the family members, <strong>SPC</strong><br />

engaged a well-qualified and experienced psychologist, Dr Victor Tai, to<br />

conduct a one-day NOK management course on 11 November 2008.<br />

Dr Tai has been a Certified Senior Management Consultant at Psyscan<br />

Consulting International for 25 years. He is also the Senior Consultant<br />

Psychologist at Adam Road Hospital for 12 years. In his previous<br />

employment of almost 10 years, Dr Tai was Chief Psychologist at the<br />

Ministry of Defence. Dr Tai also held top positions as President of the<br />

Singapore Psychological Society and Deputy Chairman of the Singapore<br />

Professional Centre and was a founding member of the Singapore<br />

Society for Executive Health and the Singapore Society of Counselling.<br />

Using real life examples and an acute sense of humour, Dr Tai fuelled<br />

the participants’ interest in topics which enabled them to identify<br />

typical psychological reactions during a crisis, identify and manage grief<br />

responses, and be armed with basic counseling skills. These skills and<br />

knowledge can likewise be applied in their daily lives.<br />

10<br />

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A Quarterly <strong>SPC</strong> Newsletter Issue 4 2008<br />

Forest in the city<br />

Park volunteers accompanied the group to educate them on the plants that they<br />

encountered along the way.<br />

Participants were enthralled by the greenery that greeted them along the walk.<br />

These six nominees were up for another round of voting to determine the top three<br />

places.<br />

(From left) The final winners were Ms Lim Lay Hoon (second prize), Ms Patsy Wong<br />

(first prize) and Mr See Sing Mun (third prize).<br />

A balmy Saturday morning on 15 November 2008 saw some 80 <strong>SPC</strong><br />

staff and their family members donning their walking gear for a<br />

scenic walk through the Southern Ridges, a rustic forest rich in flora<br />

and fauna nestled in southwest Singapore. This was the GreenSteps -<br />

a green activity organised by <strong>SPC</strong> for its staff to promote<br />

environmental consciousness and enjoy greenery despite living in a<br />

proverbial concrete jungle.<br />

Accompanied by experienced nature guides from the National Parks<br />

Board, the participants commenced the nine-kilometre walk from<br />

Henderson Waves – Singapore’s highest pedestrian bridge that<br />

connects the two hills of Mount Faber and Telok Blangah Park. As<br />

they moved on, participants found themselves slowly entering into a<br />

leafy world where one could hear birds sing and see flowers bloom.<br />

Those with cameras were also busy taking shots of the refreshing<br />

flora and fauna surrounding them.<br />

Telok Blangah Hill offered a charm of its own. At the Forest Walk,<br />

rare species of flora and fauna could be seen. And once the<br />

participants crossed the Alexandra Arch – a leaf-like bridge with<br />

curved deck and tilted arch that stretches over Alexandra Road - a<br />

different vista unfolded. That was the HortPark, home to thematic<br />

gardens and amazing open spaces.<br />

At Southeast Asia’s first one-stop gardening hub, after a hearty<br />

lunch, some of the participants continued to tour HortPark on their<br />

own, while others proceeded to the Terrarium Workshop, where<br />

they learned to grow a garden in a bottle.<br />

There was a simple training session by the terrarium trainer for the<br />

23 participants. Then, they were all set to make their own bottled<br />

garden and vie for the title “<strong>SPC</strong> Green Fingers”.<br />

One contestant quipped, “We learned that there would be prizes<br />

to be won, so you can imagine the tension among us!” said Patsy<br />

Wong, Senior Executive Secretary.<br />

However, tension turned into a moment of surprise for Patsy when<br />

s h e w a s a n n o u n c e d t h e t o p w i n n e r o f t h e g r e e n f i n g e r s a w a r d .<br />

She added, “Being a plant lover, I am really happy with myself. I can<br />

now proudly say that indeed, I have green fingers!”<br />

The second and third places were won by family members of Rina<br />

Lim, Senior Administrative Assistant of Special Products, and<br />

See Sow Lai, Senior Secretary of Refining, Supply and Aviation,<br />

respectively.<br />

12<br />

13


A Quarterly <strong>SPC</strong> Newsletter Issue 4 2008<br />

In the Moo-d for<br />

Chinese New Year<br />

During Chinese New Year, perhaps the most popular dish is the raw fish<br />

salad, or yusheng, which is a symbol of abundance and prosperity.<br />

At the annual <strong>SPC</strong> Chinese New Year Lunch on 28 January 2009, over 200<br />

employees gathered at the Imperial Herbal Restaurant and tossed yusheng<br />

as high as they could to bring good fortune and wealth in the Year of the Ox.<br />

Auspicious wishes also went round each table as they tossed the yusheng<br />

high up in the air. Besides receiving good luck, the lunch gathering was also<br />

a great moment for the employees to catch up with one another.<br />

The entertaining performances received enthusiastic response from the audience.<br />

FARMily fun<br />

It was a morning of fun at the farms for about 300 <strong>SPC</strong> staff and their<br />

families on 7 December 2008. The <strong>SPC</strong> Family Day held in Lim Chu<br />

Kang offered them educational tours and entertaining performances.<br />

Getting up close to the goats and drinking fresh milk at the goat farm.<br />

Children trying their hands at the Mini <strong>SPC</strong> Challenge.<br />

Survivor of the fittest,<br />

and youngest?<br />

Young children jumping and running about, that’s a common sight.<br />

But can they sit still if they want to – for three minutes, at a go?<br />

Staff members might be in a festive mood, but they also did not forget<br />

to share joy and cheers with the elderly from various old folks’ homes.<br />

On 19 February 2009 at the Red Star Restaurant led by <strong>SPC</strong> Chairman<br />

Mr Choo Chiau Beng, some 45 <strong>SPC</strong> volunteers brought warmth and gifts<br />

to 190 residents from Indus Moral CARE, the Kreta Ayer Senior Activity<br />

Centre (Chin Swee Branch), Moral Home for the Aged Sick, Tai Pei Old<br />

Peoples’ Home as well as the Samsui Women and Elderly (Redhill). This<br />

was the fourth year that <strong>SPC</strong> supported the Chinese New Year Lunch with<br />

the Elderly, organised by the Singapore Women’s Association. Ms Ellen<br />

Lee, MP for Sembawang GRC (Woodlands), was the guest-of-honour.<br />

At the Hay Dairies Goat Farm, the families learnt about the health<br />

benefits of drinking goat milk. Their kids also had a jolly good time<br />

playing with the kids (baby goats). At the Kok Hua Vegetable Farm,<br />

families were introduced to vegetable farming and some of them<br />

even went home with bags of fresh vegetables and fruits bought from<br />

the farm. Perhaps the greatest challenge was encountered at the<br />

Crocodile Farm when they had to overcome their fear of the reptile<br />

by learning how to cuddle a baby crocodile in their arms for the rare<br />

photo opportunities.<br />

By noon, the merry-makers were all ready to fill their stomachs with<br />

yummy food while keeping their eyes glued on performances such as<br />

magic show and balloon sculpting.<br />

Fresh produce at the vegetable farm.<br />

Children as young as two years old proved that they could at the Mini <strong>SPC</strong><br />

Challenge. With tiny hands placed firmly on palm-shaped decals on a toy car<br />

for at least three minutes, many walked away with a prize.<br />

The mini challenge was one of the activities that <strong>SPC</strong> organised in<br />

conjunction with the Subaru Impreza Challenge held at Ngee Ann City Civic<br />

Plaza from 8 to11 November 2008. The original version of the mini challenge<br />

was however a lot more demanding, both physically and mentally.<br />

Into its seventh year, the Subaru Impreza Challenge saw 40 participants<br />

from Hong Kong, Malaysia, the Philippines and Thailand placing their palms<br />

on Subaru Impreza cars in an endurance challenge. They were deprived of<br />

sleep and given only five minutes break once every six hours to eat and use<br />

the toilet.<br />

<strong>SPC</strong> volunteers helping the elderly to get<br />

off from the coach safely.<br />

A <strong>SPC</strong> volunteer having a chat with the<br />

elderly to learn about her life experience.<br />

Who would have thought that a barnyard full of fun is possible in this<br />

city of glass and concrete!<br />

A test of bravery at the crocodile farm.<br />

After enduring 81 hours 32 minutes, the winner finally emerged and went<br />

home with a Subaru Impreza and $3,000 <strong>SPC</strong> vouchers. <strong>SPC</strong> also sponsored<br />

vouchers worth $2,000 for the first runner-up and $1,000 for the second<br />

runner-up.<br />

<strong>SPC</strong> Chairman Mr Choo Chiau Beng giving out<br />

special ang pows to some senior citizens who<br />

are at least 90 years old.<br />

Ms Ellen Lee, MP for Sembawang GRC<br />

(Woodlands) (second on the left) also took time<br />

out to spend some joyful moment with the elderly.<br />

14<br />

15


Editorial Committee<br />

Lee Chiang Huat (Chief Editor)<br />

Andarina K. Sumarnu<br />

Elaine Ang<br />

Gan Dong Lee<br />

Herman Ng<br />

Joey Ho<br />

Kevin Siak<br />

Soon Boon Hoe<br />

Suresh Pitty Sivanandam<br />

Tan Poh Lay<br />

Tan Yeen Voon<br />

Get Quality. Use <strong>SPC</strong>.<br />

Singapore Petroleum Company Limited<br />

1 Maritime Square #10-10<br />

HarbourFront Centre<br />

Singapore 099253<br />

Tel : 6276 6006<br />

Fax : 6275 6006<br />

http://www.spc.com.sg<br />

MICA (P) 224/11/2206<br />

Co. Reg No: 196900291N<br />

This publication is printed on paper that is friendly to the environment.

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