Country Report

Malaysia upstream summary

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02 August 2018

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 ...

Table of contents

    • Key Issues
      • Exploration
      • Development
      • Gas price
      • Infrastructure
      • Fiscal
      • M&A
      • Abandonment
  • Key facts
  • Location maps
  • Key companies
    • 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
    • Licensing
    • Overview
    • Licence Awards
      • 2000 - 2005
      • 2006 - 2010
      • 2011 onwards
    • Drilling
      • Drilling activity
      • Success rates
    • Liquids
    • Gas
      • Sarawak
      • Sabah
      • Peninsular
    • Oil/Liquids
    • Gas
      • Peninsular Malaysia
      • Sarawak
      • Sabah
    • 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
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Key legislation
    • State oil company
      • Vestigo Petroleum
    • State participation
    • Licensing
      • Exploration Periods
      • Exploration and Development Blocks
      • The National Depletion Policy
    • 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

Tables and charts

This report includes 65 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Liquids and Gas Production 2018
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Remaining and Produced Reserves Oil, Other Liquids and Gas
  • Western Malaysian Basins Map
  • Eastern Malaysian Basins Map
  • Blocks Awarded
  • Active Blocks by Region
  • Remaining Liquid Reserves by Sector
  • Liquids Production
  • Production: Table 1
  • Production: Table 2
  • Peninsular Malaysia Gas Infrastructure Map
  • Infrastructure: Table 2
  • Fiscal terms: Table 15
  • Fiscal terms: Table 33
  • Remaining and Produced Reserves Oil, Other Liquids and Gas
  • Gas Production
  • Liquids Production
  • Map
  • Drilling Activity by Well Type
  • Technical and Commercial Success Rates
  • Remaining Gas Reserves by Sector
  • Reserves and resources: Table 1
  • Gas Production
  • Production: Table 3
  • Production: Table 4
  • Peninsular Malaysia Oil Infrastructure Map
  • Sarawak and Sabah Oil Infrastructure Map
  • Infrastructure: Table 1
  • Sabah and Sarawak Gas Infrastructure Map
  • Costs: Table 1
  • Costs: Table 2
  • 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 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

What's included

This report contains:

  • Document

    Country Overview

    PDF 4.83 MB

  • Document

    Executive summary

    PDF 733.50 KB

  • Document

    Key facts

    PDF 684.91 KB

  • Document

    Location maps

    PDF 1.34 MB

  • Document

    Key companies

    PDF 710.85 KB

  • Document

    Geology

    PDF 1.52 MB

  • Document

    Exploration

    PDF 1.33 MB

  • Document

    Reserves and resources

    PDF 770.03 KB

  • Document

    Production

    PDF 745.22 KB

  • Document

    Infrastructure

    PDF 2.41 MB

  • Document

    Costs

    PDF 720.64 KB

  • Document

    Policy and regulation

    PDF 698.61 KB

  • Document

    Fiscal terms

    PDF 846.02 KB

  • Document

    Country Overview

    XLS 1.17 MB

  • Document

    Country Overview

    ZIP 4.79 MB