Country Report
Malaysia upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Malaysia remains the second-largest oil and gas producer in Southeast Asia. It is home to some of the largest sour gas discoveries in the region. Several CCS projects are underway such as Kasawari and Rosmari/Majoram to commercialize the sour gas. Recently, there is a recent uptick in exploration and M&A activities in the country, driven by fiscal changes and block offerings.
Table of contents
- Executive summary
- 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
- 1 more item(s)...
-
Exploration
- Licensing
- Overview
-
Licence Awards
- 2000 - 2005
- 2006 - 2010
- 2011 - 2020
- 2021 onwards
- PSC extensions
-
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
-
Oil infrastructure
-
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
-
Overview
- Sarawak and Sabah tax changes 2019-2020
- Current fiscal terms
- Basis
- Government equity participation
-
Royalty
- Ring fencing
- Base
- Rate
- Payment schedule
-
PSC production sharing
- Ring fencing
-
PSC cost recovery
- Base
- Rate (cost recovery ceiling)
- Recoverable costs
- Unrecovered costs
- Excess cost recovery
-
PSC profit sharing
- Base
- Rate
- Payment schedule
- 20 more item(s)...
-
Overview
Tables and charts
This report includes the following images and tables:
- Gas Production
- Liquids Production
- Key facts: Table 1
- Country Map
- Liquids and Gas Production 2024
- Reserves and contingent resources at 01/01/2025
- Oil, Other Liquids and Gas Production and Reserves
- Western Malaysian Basins Map
- Eastern Malaysian Basins Map
- Blocks Awarded
- Active Blocks by Region
- Liquid Reserves by Sector
- 37 more item(s)...
What's included
This report contains:
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