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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.

Rex enters Malaysian game with two PSCs
NEWS
Malaysia - August 31, 2021

Singaporean holding company Rex International has signed two PSCs with Petronas for two small fields, the Malaysian NOC said on…

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Shell finalises Timi gas project in Malaysia
NEWS
Malaysia - August 30, 2021

Sarawak Shell Berhad has taken its final investment decision on the Timi gas development in Malaysia, parent company Royal Dutch…

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Malaysia books

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Petronas ships first carbon-neutral LNG cargo
NEWS
Malaysia - August 18, 2021

Petronas has successfully completed its first shipment of carbon-neutral LNG to Shikoku Electric Power Company in Japan, the…

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Posco awarded block in Malaysia bid round
NEWS
Malaysia - August 11, 2021

Posco International has been awarded the right to explore and operate the PM 524 block offshore Malaysia, the Korean trading…

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Malaysia Midstream and Downstream Infrastructure

Malaysia maps

Malaysia Midstream and Downstream Infrastructure

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Petronas awards engineering contract for Kasawari CCS
NEWS
Malaysia - August 10, 2021

UK energy consultancy Xodus has signed a conceptual engineering design contract for Petronas’ Kasawari carbon capture and…

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Sapura reveals contract wins worth $284 million
NEWS
Malaysia - July 23, 2021

Sapura Energy has signed seven contracts worth USD 284 million with PTTEP Sarawak Oil, Enquest Petroleum Production Malaysia,…

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Oil prices recover; crude rises above $30
NEWS
Multinational - March 17, 2020

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…

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SHAFRANIK Yuri
Interview
Russia - October 09, 2019

Yuri K. Shafranik, chairman of the Union of Oil & Gas Producers of Russia, talks to TOGY about key recent milestones for the Russian oil and gas industry and the…

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