Mapping Malaysia's Resource Centres

13 Oil and Gas-Related Services Oil and gas production have been one of the key drivers of Malaysia’s growth since oil was first drilled in Sarawak back in 1910. The founding of PETRONAS in 1974 provided a vital impetus to the development of oil and gas resources in Malaysia. PETRONAS, the national oil corporation, continues to play a major role in driving the industry’s growth through its development of oil and gas resources as well as the creation of opportunities for local companies to build their capacity and capability across the value chain. Commercial activities are undertaken by PETRONAS’ subsidiaries, such as PETRONAS Carigali, which participates in Production Sharing Contracts (PSC) with other International Oil Companies (IOCs) such as Shell, ExxonMobil and Murphy Oil. PETRONAS has more than 100 subsidiaries and around 40 Joint Venture companies. Malaysia’s push to move up the value chain and increase value-added exports will continue to support investment in the crude refining and petrochemical sectors. The start-up of the Refinery and Petrochemical Integrated Development (RAPID) project will increase refining capacity from 664,000b/d to 964,000b/d. Malaysia will continue to be a net gas exporter, supported by growth in gas production, and an important supplier of LNG (Liquefied Natural Gas) to Asia Pacific. Malaysia’s O&G Related Products and Services include Mining for Crude Oil and Natural Gas; Petroleum products such as Gasoline, Diesel, Fuel Oil, Wax and Bitumen; Oil field (upstream) and downstream products such as Gaskets, Anti-corrosion chemicals for pipe application, Christmas Trees & Well heads, Generators, Pipelines and Floating Production Storage & Offloading Vessel (FPSO); as well as Oil field (upstream) and downstream services such as Platform Fabrication, Drilling services, Chartering and/or operation of Rig & FPSO, Non-Destructive Test for pre-installation of pipeline and Pigging services for post- installation of pipeline.