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

3 3 Exploration and production of oil and

Offshore oil exploration in
the east coast of Peninsular
Malaysia begins in the late
1960s.
gas have since been carried out under a
The national company, Production Sharing Contract (PSC)
Petronas came on to the
4
scene in 1974
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.