Singapore Petroleum Company

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.

In 2004, SPC acquired 50% of BP's interest in the SRC and BP's retail network of 28 stations and LPG business in Singapore. In 2009, SPC was acquired by China's PetroChina from Keppel Corporation and was delisted from the Singapore Stock Exchange. In 2019, SPC changed its logo to further integrate into the PetroChina brand and went over a company overhaul. A new visual identity was introduced incorporating logo elements of PetroChina.

SPC's presence and profile in the regional E&P sector has grown with the acquisition of assets over the years. These assets include the Kakap Production Sharing Contract (PSC) and the Sampang PSC in Indonesia, Blocks 102 and 106 in Vietnam. In 2007, they expanded their assets to China with 2 additional blocks, 04/36 & 05/36 in Bohai Bay, 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.