Malaysia Oil & Gas Industry Report - 2014

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Malaysia Oil & Gas Industry Report - 2014

This report profiles Malaysia’s oil and gas industry, discussing market trends through 2013 and outlook for 2014 and beyond. The report also highlights leading players in the sector including Petroliam Nasional Berhad, PETRONAS Dagangan Berhad, PETRONAS Gas Berhad SapuraKencana Petroleum Berhad and Bumi Armada Berhad.

The oil and gas industry has played a significant role in the social and economic development of Malaysia. In 2013, exports of petroleum products and LNG reached 22.8mn tonnes and 25.2mn tonnes, respectively. Meanwhile, the country imported 8.9mn tonnes of crude petroleum and 25.4mn tonnes of petroleum products during the same year. Malaysia remained as the world’s second largest LNG exporter in 2013.

The Malaysian oil and gas industry accounted for approximately 10.1% of the country’s total GDP in 2013. Domestic crude oil and natural gas reserves stood at 3.7bn boe and 46.8tr cubic feet, respectively. The domestic resource replenishment ratio declined from 1.6 times in 2012 to 1.3 times in 2013. As at January 2013, Malaysia’s total discovered resources amounted to 22.24bn boe, up 4% over the previous year.

Deepwater fields are expected to contribute as much as 30% of oil production by 2020. Malaysia could potentially add 166,000bpd of oil production by 2020 through enhanced oil recovery. A consortium comprising Dialog Group Berhad, Royal Vopak and the state government of Johor has been formed to develop the country’s second LNG regasification facility. LNG regasification facilities in the country will play a key role in reshaping its energy mix in the future. The Sungai Udang LNG regasification is the first terminal built in Malaysia. The MYR 3bn project has commenced operations in the second quarter of 2013.

Key Points:

• In 2013, total exports of crude petroleum, petroleum products and LNG reached MYR 152.11 billion, an increase of 12.6% over a year ago.

• Between 2002 and 2012, imports of petroleum products grew at a CAGR of 6.92%.

• Petronas spent approximately RM 56.6 billion in capital expenditure in 2013, up 24% over RM 45.6 billion in 2012.


Table of Contents

1. Industry Profile
1.1 Global Oil and Gas Industry Overview
1.2 Malaysia’s Oil and Gas Industry Overview
1.3 Exports
1.4 Imports
1.5 Petroleum Development Act 1974
1.6 Petroliam Nasional Berhad (PETRONAS)
1.7 Oil Taxes and Subsidies

2. Market Trends and Outlook
2.1 Petroleum Production
2.2 Petroleum Consumption
2.3 Natural Gas Production
2.4 Natural Gas Consumption
2.5 Deepwater Developments
2.6 Marginal Fields
2.7 Enhanced Oil Recovery (EOR)
2.8 LNG Regasification

3. Leading Players and Comparative Matrix
3.1 Leading Players
3.1.1 Petroliam Nasional Berhad
3.1.2 PETRONAS Dagangan Berhad
3.1.3 PETRONAS Gas Berhad
3.1.4 SapuraKencana Petroleum Berhad
3.1.5 Bumi Armada Berhad
3.2 Comparative Matrix
3.3 SWOT Analysis

4. Tables and Charts

Table 1: LNG Exports by Country 2013
Table 2: Petronas Nasional Berhad Financial Highlights
Table 3: PETRONAS Dagangan Berhad Financial Highlights
Table 4: PETRONAS Gas Berhad Financial Highlights
Table 5: SapuraKencana Petroleum Berhad Financial Highlights
Table 6: Bumi Armada Berhad Financial Highlights
Table 7: Financial Highlights of the Leading Players

Chart 1: Global Growth in GDP and Oil Demand
Chart 2: Exports of Crude Petroleum
Chart 3: Exports of Petroleum Products
Chart 4: Exports of Liquefied Natural Gas
Chart 5: Imports of Crude Petroleum
Chart 6: Imports of Petroleum Products
Chart 7: Contributions of Crude Petroleum and Natural Gas to Malaysia Real GDP
Chart 8: Crude Oil Production in Malaysia
Chart 9: Resource Replenishment Ratio of Hydrocarbon Resources in Malaysia
Chart 10: PETRONAS Capital Expenditure
Chart 11: Malaysia Petroleum Consumption
Chart 12: Number of Motor Vehicles in Malaysia
Chart 13: Malaysia Natural Gas Production
Chart 14: Malaysia Natural Gas Consumption
Chart 15: Petronas Nasional Berhad Revenue Contribution 2013
Chart 16: PETRONAS Dagangan Berhad Revenue Contribution 2013
Chart 17: PETRONAS Gas Berhad Revenue Contribution 2013
Chart 18: SapuraKencana Petroleum Berhad Revenue Contribution 2014
Chart 19: Bumi Armada Berhad Revenue Contribution 2013

Number of pages: 34
Release Date: Mon, 19 May 2014