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
7 January 2026
No longer can the energy source be considered a sidekick to oil in the Middle East and neither should it step aside for less convincing alternatives
7 January 2026
The global race for critical minerals has become a defining feature of energy geopolitics, presenting the ASEAN region with both opportunity and risk
7 January 2026
As global energy systems evolve to meet shifting demand and transition pressures, maintaining reliable hydrocarbon supply remains essential to energy security
6 January 2026
Cash will be needed to boost production by 30% to meet region’s rapidly rising power demand, executives told the inaugural Middle East Gas Conference in December
