Country Report
Malaysia upstream summary
Report summary
Malaysia is the second-largest oil and gas producer in Southeast Asia, but within the next few years will overtake Indonesia to become the region's largest. PETRONAS dominates the corporate landscape.
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
- Sandakan and Tarakan basins
-
Exploration
- Licensing
- Overview
-
Licence Awards
- 2000 - 2005
- 2006 - 2010
- 2011 onwards
- 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
-
Additional petroleum taxes
- Ring fencing
-
Export duty
- Base
- Rate
- Payment schedule
-
Supplementary payment
- Base
- Rate
- Payment schedule
-
Research contribution
- Base
- Rate
- Payment schedule
-
Petroleum income tax
- Ring fencing
- Base
- Rate
- Payment schedule
- Fiscal treatment of decommissioning costs
-
Product pricing
- Liquids pricing
- Natural gas pricing
- Sample cash flow
- Active legacy terms
- Royalty
-
PSC production sharing
- Ring fencing
-
PSC cost recovery
- Base
- Rate (cost recovery ceiling)
- PSC profit sharing
-
Supplementary payment
- Base price assumptions
- Historical background
- Pre-1980
- 1980s
- 1990s
- 2000s
-
2010s
- Marginal field fiscal incentives
- Risk service contracts
-
Overview
Tables and charts
This report includes 49 images and tables including:
- Gas Production
- Liquids Production
- Key facts: Table 1
- Country Map
- Liquids and Gas Production 2022
- Reserves and contingent resources at 01/01/2023
- 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
- Liquids Production
- Production: Table 1
- Production: Table 2
- Peninsular Malaysia Gas Infrastructure Map
- Infrastructure: Table 2
- Fiscal terms
- Fiscal terms: Table 2
- Fiscal terms: Table 9
- Fiscal terms: Table 10
- Fiscal terms: Table 11
- Fiscal terms
- Fiscal terms: Table 15
- Fiscal terms: Table 16
- Fiscal terms: Table 17
- Fiscal terms: Table 18
- Drilling Activity by Well Type
- Technical and Commercial Success Rates
- 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 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
- Summary of modelled terms
- Fiscal terms: Table 13
- Fiscal terms: Table 14
- Fiscal terms: Table 19
What's included
This report contains:
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