1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends

Malaysia Oil

  • May 2014
  • 34 pages
  • Emerging Markets Direct Media Holdings
Report ID: 3307117

Summary

Table of Contents

This report profiles Malaysia's oil and gas industry, discussing market trends through 2013 and outlook for 2014 and beyond. The report also highlights leading players in the sector including Petroliam Nasional Berhad, PETRONAS Dagangan Berhad, PETRONAS Gas Berhad SapuraKencana Petroleum Berhad and Bumi Armada Berhad.



The oil and gas industry has played a significant role in the social and economic development of Malaysia. In 2013, exports of petroleum products and LNG reached 22.8mn tonnes and 25.2mn tonnes, respectively. Meanwhile, the country imported 8.9mn tonnes of crude petroleum and 25.4mn tonnes of petroleum products during the same year. Malaysia remained as the world's second largest LNG exporter in 2013.



The Malaysian oil and gas industry accounted for approximately 10.1% of the country's total GDP in 2013. Domestic crude oil and natural gas reserves stood at 3.7bn boe and 46.8tr cubic feet, respectively. The domestic resource replenishment ratio declined from 1.6 times in 2012 to 1.3 times in 2013. As at January 2013, Malaysia's total discovered resources amounted to 22.24bn boe, up 4% over the previous year.



Deepwater fields are expected to contribute as much as 30% of oil production by 2020. Malaysia could potentially add 166,000bpd of oil production by 2020 through enhanced oil recovery. A consortium comprising Dialog Group Berhad, Royal Vopak and the state government of Johor has been formed to develop the country's second LNG regasification facility. LNG regasification facilities in the country will play a key role in reshaping its energy mix in the future. The Sungai Udang LNG regasification is the first terminal built in Malaysia. The MYR 3bn project has commenced operations in the second quarter of 2013.



Key Points:



o In 2013, total exports of crude petroleum, petroleum products and LNG reached MYR 152.11 billion, an increase of 12.6% over a year ago.



o Between 2002 and 2012, imports of petroleum products grew at a CAGR of 6.92%.



o Petronas spent approximately RM 56.6 billion in capital expenditure in 2013, up 24% over RM 45.6 billion in 2012.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Well Intervention Market by Services (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others), Application (Onshore & Offshore), and Region - Global Trends & Forecast to 2022

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“The well intervention market is projected to grow at a CAGR of 3.78%, from 2017 to 2022.” The well intervention market is expected to grow from an estimated USD 8.18 billion in 2017 to USD 9.85 billion ...

Oilfield Services Market by Application, Service, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“The oilfield services market is projected to grow at a CAGR of 3.35%, from 2017 to 2022.” The oilfield services market is projected to reach USD 125.51 billion by 2022, at a CAGR of 3.35%, from 2017 ...

Industrial Automation Market for Oil & Gas by Solution, Instruments, and Geography - Global Forecast to 2023

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

“The industrial automation market for oil & gas is expected to exhibit significant growth potential between 2017 and 2023” The industrial automation market for oil & gas is expected to reach USD 15.52 ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.