Malaysia faces a challenge in attracting more IOC interest
Malaysia sweetens upstream deals
The country is taking measures to encourage IOC interest in its latest licensing round
Malaysia’s upstream sector remains relatively busy but is dominated by NOC Petronas. The promise of strong domestic and regional demand for oil and gas has not been enough on its own to continue to attract IOCs. The country “has been relatively successful in comparison to its Southeast Asian peers in attracting international interest,” argues Readul Islam, research analyst at consultancy Rystad Energy. But the challenge will only grow as IOCs operate with trimmed E&P budgets and focus on assets that offer the greatest potential returns combined with low carbon intensity and low initial investment requirements. Lenders are also increasingly keener to back transition projects instead of tr
Also in this section
6 December 2024
The NOCs are both looking to take advantage of the petrochemicals boom, with the Saudi firm snapping up stakes in Asian JVs tied to offtake agreements and its Emirati counterpart striking big M&A deals
5 December 2024
While Donald Trump’s future sanctions policy is anything but certain, he may use a ‘carrot and stick’ approach to pursue an end to the war in Ukraine, although any changes will not happen overnight
5 December 2024
The latest sanctions on Gazprombank and other Russian banks may cause disruption, but willing buyers of Russian energy will find ways to continue payments
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
