Back toour markets

Malaysia Overview

Malaysia

in figures

Oil Reserves3.6 billion barrels

Oil Production697,000 bopd

Gas Reserves2.70 tcm

Gas Production78.4 bcm

Malaysia: LNG exporter

Malaysia is the second-largest exporter of LNG in the world after Qatar and Australia – and the largest natural gas exporter in South East Asia, with 26.87 million tonnes in 2017. Malaysia is also a major oil producer, with an output of 647,000 bopd in 2015 – the third largest oil producer in South East Asia, of which it exported 365,000 bopd in 2015.  

Marginal field projects include national oil company Petronas’s $1 billion contract with ExxonMobil for the Tapis field the first of seven marginal field EOR projects. Deepwater exploration and production continues at fields such as Gumusut-Kakap and Siakap North-Petai. Regasification terminals being constructed in the Western part of peninsular Malaysia in response to growing demand.

The Economic Transformation Programme launched in 2010 is a plan to transform Malaysia to become a high income country by 2020 as defined by the UN. A key element in that plan is the growing oil field services industry driven by cheap land and labour and the skills of national champion Petronas.

The Oil & Gas Year Malaysia 2017 was produced in partnership with the Malaysian Oil & Gas Services Council, the Malaysian Investment Development Authority, Malaysia Petroleum Resources Council and the Malaysian Gas Association.

Sapura to sell half of its upstream arm to OMV
NEWS
Malaysia - September 13, 2018

Sapura Energy has agreed to sell a 50% stake in its Sapura Exploration & Production division to Austria’s OMV, the Malaysian…

READ MORE
Petronas in flexible Japan LNG deal
NEWS
Malaysia - March 14, 2018

Petronas has signed a flexible 13-year contract to sell LNG to Japan’s Tokyo Gas, the Malaysian NOC announced on…

READ MORE
Shell Malaysia asset sale agreed
NEWS
Malaysia - December 26, 2017

Hibiscus Petroleum has struck a deal to buy Shell’s 50% stake in the North Sabah Enhanced Oil Recovery project, the Malaysian…

READ MORE
Sapura Energy in deals worth $351 mln
NEWS
Malaysia - November 15, 2017

Malaysia’s Sapura Energy has signed five contracts worth MYR 1.47 billion (USD 351 million), international media reported on…

READ MORE
Malaysia Midstream and Downstream Infrastructure

Malaysia maps

Malaysia Midstream and Downstream Infrastructure

ALL MAPS
First oil at Malaysia’s Ophir
NEWS
Malaysia - November 10, 2017

Malaysia’s offshore Ophir oilfield has achieved first oil, partner Octanex said on Friday.

The field has been producing for…

READ MORE
TechnipFMC bags Malaysia deal
NEWS
Malaysia - November 03, 2017

Murphy Sabah Oil has awarded TechnipFMC a subsea contract offshore Malaysia, the engineering major announced on Friday.

The…

READ MORE
Petronas, Aramco in $900-mln polymers deal
NEWS
Malaysia - October 02, 2017

Saudi Aramco’s overseas arm has purchased 50% of a polymers unit at Petronas’ Pengerang Integrated Complex (PIC) in southern Malaysia, the Saudi oil giant said on…

READ MORE
New seismic ship in action in Malaysia
NEWS
Malaysia - August 25, 2017

A new model of seismic vessel has completed its first hybrid survey off Malaysia, Schlumberger, the ship’s designer, announced on Thursday.

The WesternGeco…

READ MORE
Sapura Energy announces results
NEWS
Malaysia - June 19, 2017

Sapura Energy on Monday posted its results for the first quarter of the financial year ending January 31, 2018. The Malaysian entity announced a profit before tax of RM…

READ MORE

 

WHOSE PLATFORM IS THIS?
ASK US

  • Do you have a question for TOGY about oil and gas?
  • If we know, we’ll tell you.
  • If not, we’ll ask the experts in the field.