The Petronas towers, Kuala Lumpur
Malaysia looks to deepwater to sustain output
The country is nearing a tipping point as its domestic needs continue to grow
Malaysia has a long-established oil and gas industry, including via its powerful NOC Petronas. But maturing assets and the prioritisation of gas and LNG over oil is seeing a growing focus on deepwater exploration, allied with overseas activity. At the same time, Petronas is also facing domestic challenges with the provincial government of Sarawak state and international disputes over maritime boundaries. As of December last year, Petronas stated that “Malaysia’s production currently stands at about 500,000b/d of liquids and 7bcf/d of gas.” The NOC also announced “a long-term target to sustain and grow Malaysia’s oil and gas production... by 2025 and beyond”, citing a pipeline of projects, in
Also in this section
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
26 March 2025
Well-functioning democracies are required for healthier economies and a thriving oil industry
