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    Malaysia has significant natural gas and oil resources. Oil was first discovered in 1910 and production increased significantly in the 1960s with the discovery of offshore fields. The national oil company Petronas was established in 1974 and has since managed Malaysia's oil and gas resources through production sharing contracts with foreign companies. Malaysia has proven natural gas reserves of 2400 billion cubic meters, making it the 13th largest reserve globally.

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    Infographic PDF

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    Malaysia has significant natural gas and oil resources. Oil was first discovered in 1910 and production increased significantly in the 1960s with the discovery of offshore fields. The national oil company Petronas was established in 1974 and has since managed Malaysia's oil and gas resources through production sharing contracts with foreign companies. Malaysia has proven natural gas reserves of 2400 billion cubic meters, making it the 13th largest reserve globally.

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    Malaysia has significant natural gas and oil resources. Oil was first discovered in 1910 and production increased significantly in the 1960s with the discovery of offshore fields. The national oil company Petronas was established in 1974 and has since managed Malaysia's oil and gas resources through production sharing contracts with foreign companies. Malaysia has proven natural gas reserves of 2400 billion cubic meters, making it the 13th largest reserve globally.

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    © All Rights Reserved
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    40 views1 page

    Infographic PDF

    Uploaded by

    Anonymous 6ZljVVvET
    Malaysia has significant natural gas and oil resources. Oil was first discovered in 1910 and production increased significantly in the 1960s with the discovery of offshore fields. The national oil company Petronas was established in 1974 and has since managed Malaysia's oil and gas resources through production sharing contracts with foreign companies. Malaysia has proven natural gas reserves of 2400 billion cubic meters, making it the 13th largest reserve globally.

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    Malaysian Natural Resorces

    OIL & GAS


    MALAY
    BASIN SABAH NORTHEAST
    BASIN SABAH
    BASIN
    PENYU
    BASIN

    7 SARAWAK
    BASIN SOUTHEAST
    SABAH BASIN

    MALAYSIAN OIL
    AND GAS STATISTIC

    History and Largest Natural Gas Reserve


    Development With a total proven natural gas
    13th reserves of 2400 billion cubic
    metres

    DISCOVERY COMPANIES EXPLORATION


    1 1 1

    Oil was first drilled in 1910 in Initially, foreign oil companies For royalties and taxes, the foreign
    Miri, Sarawak and the oil well dominated the oil and gas companies were given petroleum
    known as The Grand Old industry in Malaysia with Shell concessions by state governments, to
    Lady was discovered by Shell and Esso. explore and produce resources

    2
    2 2

    Petroleum activities began Several other foreign In 1974, Petroleum Development Act
    increasing significantly in companies such as Conoco, ranted Petronas ownership and control of
    1960s due to the discovery Mobil, Aquitaine, Oceanic and the nation’s petroleum resources.
    and development of offshore Teiseki then enter
    fields in Borneo 3

    3 3 Exploration and production of oil and


    gas have since been carried out under a
    Offshore oil exploration in The national company, Production Sharing Contract (PSC)
    the east coast of Peninsular Petronas came on to the
    4
    Malaysia begins in the late scene in 1974
    1960s. Beginning 2011, PETRONAS has
    adopted the risk sharing contracts
    (RSCs) approach as an alternative to the
    PSC

    REFERENCE ABDULRAHIM BIN MD SAAD


    Retrieved from http://www.mpc.gov.my/wp-content/uploads/2016/04/Chap2.pdf (D20162075593)
    PWC (2015), Oil and Gas in Malaysia: Exploring Growth in Dynamic MOHDHAFIZAIMAN BINABDULLAH
    (D20162075602)
    Marketplace.
    MOHD KHAIRYIZZUANBINMOHDYUSOF
    Department of Statistic (2018), Annual Economic Statistic 2018 Mining of (D20162075594)
    Petroleum and Natural Gas.

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