Country report
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74 Pages

Malaysia upstream summary


Malaysia upstream summary

Report summary

Malaysia's upstream sector has been built upon the oil and gas fields in the shallow waters off Peninsular Malaysia and Sarawak, which have been the focus for development activity since the 1960s. As production from the former region matured, the attention of major operators switched to the deepwater potential off Borneo in the Sarawak and Sabah basins. This has been richly rewarded, particularly with large oil discoveries such as Kikeh and Gumusut offshore Sabah. Meanwhile, state oil ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.95 MB 74 Pages, 43 Tables, 23 Figures
  • Country Overview XLS - 1.87 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Key Issues
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Malay, Penyu and North Sumatra/Mergui basins
    • Malay Basin
    • Penyu Basin
    • Mergui Basin
    • Sarawak and Sabah basins
    • Sarawak Basin
      • Baram Delta
      • Balingian
      • SW Luconia
      • Central Luconia
    • Sabah Basin
    • Sandakan and Tarakan basins
  • Exploration
    • Licensing
    • Overview
    • Licence Awards
      • 2000 - 2005
      • 2006 - 2010
      • 2011 onwards
    • Drilling
      • Drilling activity
      • Success rates
  • Reserves and resources
    • Liquids
    • Gas
      • Sarawak
      • Sabah
      • Peninsular
  • Production
    • Oil/Liquids
    • Gas
      • Peninsular Malaysia
      • Sarawak
      • Sabah
  • Infrastructure
    • Oil infrastructure
      • Peninsular Malaysia
      • Sarawak
      • Sabah
      • Refining
    • Gas infrastructure
    • Peninsular Malaysia
      • The Peninsular Gas Utilisation Project
      • PGU-I
      • PGU-II
      • PGU-III
      • Kerteh Gas Processing Facilities
    • Sarawak
      • Bintulu LNG Plant
    • Sabah
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
  • Policy and regulation
    • Key legislation
    • State oil company
      • Vestigo Petroleum
    • State participation
    • Licensing
      • Exploration Periods
      • Exploration and Development Blocks
      • The National Depletion Policy
  • Fiscal terms
    • Current fiscal terms
    • Overview
    • Upstream
      • Marginal field fiscal incentives
      • Risk Service Contracts
    • Mid/Downstream
      • Gas Utilisation
    • Current Fiscal Terms
    • Production Sharing Contracts (PSCs)
    • State equity participation
      • Participation Rate
      • Carry & Reimbursement
    • Bonuses, Rentals and Fees
      • Signature Bonuses
      • Production Bonuses
      • Area Rentals
      • Training Fees
      • Other Bonuses and Fees
    • Indirect Taxes
    • Royalty and Other Production Taxes
      • Royalty
      • Export Duty
      • Other Production Taxes
    • Domestic Market Obligation (DMO)
    • Product Pricing
      • Liquids Pricing
      • Natural Gas Pricing
    • PSC Cost Recovery
      • Cost Recovery Ceiling
      • Recoverable Costs
      • Cost Carry Forward
    • PSC Profit Sharing
      • Post-2012 R/C Contracts
      • Post-2012 Contracts (Deepwater)
      • Post-1996 R/C Contracts
      • Post-1985 Contracts (Conventional)
      • Post-1985 Contracts (Deepwater)
      • Pre-1985 Contracts
    • Corporate (or Petroleum) Income Tax
      • Tax Rate
      • Taxable Income
    • Loss Carry Forward
    • Additional Profits Taxes
      • Supplementary Payment
      • Base Price Assumptions
    • Fiscal/Contractual Ring-Fences
    • Dividend Withholding Tax
    • Sample Cash Flow
      • Key Assumptions
      • Comparison of the Four Regimes
      • Marginal Government Take
      • 1976 PSC
      • Post-1985 PSC (Conventional Terms)
      • Post-1985 PSC (Deepwater Terms >1,000m)
      • Post-1996 (R/C Terms)
    • Historical background
    • Pre-1980
    • 1980s
    • 1990s
    • 2000s
    • GEM Models

In this report there are 66 tables or charts, including:

  • Executive summary
    • Remaining and Produced Reserves Oil, Other Liquids and Gas
    • Gas Production
    • Liquids Production
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Liquids and Gas Production 2016
    • Remaining Commercial and Technical Reserves at 01/01/2016
  • Geology
    • Western Malaysian Basins Map
    • Eastern Malaysian Basins Map
  • Exploration
    • Blocks Awarded
    • Active Blocks by Region
    • Map
    • Drilling Activity by Well Type
    • Technical and Commercial Success Rates
  • Reserves and resources
    • Remaining and Produced Reserves Oil, Other Liquids and Gas
    • Remaining Liquid Reserves by Sector
    • Remaining Gas Reserves by Sector
    • Reserves and resources: Table 1
  • Production
    • Liquids Production
    • Production: Table 1
    • Production: Table 2
    • Gas Production
    • Production: Table 3
    • Production: Table 4
  • Infrastructure
    • Peninsular Malaysia Oil Infrastructure Map
    • Sarawak and Sabah Oil Infrastructure Map
    • Infrastructure: Table 1
    • Peninsular Malaysia Gas Infrastructure Map
    • Sabah and Sarawak Gas Infrastructure Map
    • Infrastructure: Table 2
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Capital Expenditure by Region (US$ Million)
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Fiscal terms: Table 8
    • Fiscal terms: Table 9
    • Fiscal terms: Table 10
    • Fiscal terms: Table 11
    • Fiscal terms: Table 12
    • Fiscal terms: Table 13
    • Fiscal terms: Table 14
    • Fiscal terms: Table 15
    • Fiscal terms: Table 16
    • Fiscal terms: Table 17
    • Fiscal terms: Table 18
    • Fiscal terms: Table 19
    • Fiscal terms: Table 20
    • Fiscal terms: Table 21
    • Fiscal terms: Table 22
    • Fiscal terms: Table 23
    • Fiscal terms: Table 24
    • Fiscal terms: Table 25
    • Fiscal terms: Table 26
    • Fiscal terms: Table 27
    • Fiscal terms: Table 28
    • Fiscal terms: Table 29
    • Fiscal terms: Table 30
    • Fiscal terms: Table 31
    • Fiscal terms: Table 32
    • Fiscal terms: Table 33
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