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.
Malaysia booksMore books
Malaysia Midstream and Downstream Infrastructure
UK energy consultancy Xodus has signed a conceptual engineering design contract for Petronas’ Kasawari carbon capture and…READ MORE
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…READ MORE
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