
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 MOREOil Reserves3.6 billion barrels
Oil Production697,000 bopd
Gas Reserves2.70 tcm
Gas Production78.4 bcm
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.
Singaporean holding company Rex International has signed two PSCs with Petronas for two small fields, the Malaysian NOC said on…
READ MORESarawak Shell Berhad has taken its final investment decision on the Timi gas development in Malaysia, parent company Royal Dutch…
READ MOREPetronas has successfully completed its first shipment of carbon-neutral LNG to Shikoku Electric Power Company in Japan, the Malaysian NOC announced on…
READ MOREPosco International has been awarded the right to explore and operate the PM 524 block offshore Malaysia, the Korean trading company announced on Tuesday.
Posco will…
READ MOREUK energy consultancy Xodus has signed a conceptual engineering design contract for Petronas’ Kasawari carbon capture and storage (CCS) project in Malaysia, Xodus…
READ MORESapura Energy has signed seven contracts worth USD 284 million with PTTEP Sarawak Oil, Enquest Petroleum Production Malaysia, Petronas Carigali, Sarawak Shell and Sabah…
READ MOREMalaysia 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 MOREYuri 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…
READ MOREMalaysia 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 MOREMalaysia 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 MOREWHOSE PLATFORM IS THIS?
ASK US