Petroleum, Oil & Gas
Overview
As Malaysia’s Oil and Gas Industry progresses, the local companies
have become prominent service providers in the areas of exploration and
production (E&P) operators in Malaysia, and are also capable of
providing their services (and products) globally.
Malaysian oil and gas companies are competent in providing
multi-disciplinary services which include among others, process design,
mechanical and piping design, structural and civil design, electrical
and instrumentation, oil rigs engineering and fabrication, welding and
pipe threading, environmental management such as total sludge management
which involves sludge quantification, sludge removal and sludge
treatment.
-
-
- The Oil, Gas and Energy NKEA is targeting into an increase of
RM131.4 billion (5% annual growth) in the period from 2010 to 2020.
- 12 entry point projects (EPPs) have been identified under the oil,
gas and energy sector. The EPPs are expected to create RM64 billion
worth of GNI contribution and at least 47,156 jobs by 2020.
|
No.
|
EPPs
|
2020 GNI
(RM millions)
|
Jobs
|
|
1
|
Rejuvenating existing fields through enhanced oil recovery
|
8,469.7
|
411
|
|
2
|
Developing small fields through innovative solutions
|
8,469.7
|
411
|
|
3
|
Intensifying exploration activities
|
8,469.7
|
411
|
|
4
|
Building a regional oil storage and trading hub
|
1,625.7
|
790
|
|
5
|
Unlocking premium gas demand in Peninsular Malaysia
|
2,404.1
|
N/A
|
|
6
|
Attracting MNCs to bring their global oil field service and equipment operations to Malaysia
|
6,124.8
|
20,000
|
|
7
|
Consolidating the domestic fabricators
|
4,108.8
|
5,000
|
|
8
|
Developing engineering, procurement and installation capabilities and capacity through strategic partnerships and joint ventures
|
4,028.8 |
15,000
|
|
9
|
Improving energy efficiency
|
13,925.7
|
N/A
|
|
10
|
Building up solar power capacity
|
457.5
|
1,906
|
|
11
|
Deploying nuclear energy for power generation
|
212.3
|
2,637
|
|
12
|
Tapping Malaysia’s hydroelectricity potential
|
5,693.9
|
590
|
|
|
TOTAL
|
63,991
|
47,156
|
These EPPs have been developed across 4 themes to raise sector’s
output and meet energy demands over the 10 year time frame. The themes
are:
- Sustaining oil and gas production
- Enhancing growth in downstream
- Making Malaysia the number one Asian hub for oil field services
- Building a sustainable energy platform for growth
For details on Oil, Gas and Energy NKEA,
visit :
http://etp.pemandu.gov.my/Overview_of_NKEAs_-@-Oil,_Gas_and_Energy.aspx
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