Business Monitor International


Malaysia Oil & Gas Report

Published 12 February 2014

  • 134 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Malaysia Oil & Gas Report

BMI View : Malaysia's upstream segment could see good days ahead in the short-to-medium term as the completion of both greenfield and brownfield developments brings new volumes of oil and gas online. New gas supplies will underpin continued expansion in the country's liquefied natural gas production based in Sarawak. Consumption growth will limit some of the export gains to be made from growing output, though a reduction of oil and gas subsidies would see a slowdown in the rate of this. The expansion of its downstream capacity could be more challenging, as it would face fierce competition from neighbouring Singapore.

The main trends and developments we highlight for Malaysia's oil and gas sector are:

  • Our expectations for growth in its oil and gas reserves are underpinned by resource upgrades stemming from exploration and development activities in three areas: deepwater, marginal and stranded fields, and enhanced oil recovery (EOR) projects in mature fields.

  • Oil and gas production are set to grow, thanks to the development of large discoveries made in recent years. For oil in particular, investment into marginal fields could support a short-term increase in production until larger and more complex deepwater projects come on-stream.

  • Based on projects in pipeline, we expect oil production to continue climbing upwards from an estimated 625,140b/d in 2013 to a forecasted peak of 899,560b/d in 2018. However, the small scale of these fields means that their development can only sustain the country's output for a limited time. However, with the lack of large discoveries able to replace dwindling reserves from mature fields, we do not expect Malaysian oil production to reach the 1mn b/d level, with production levels starting to fall post-2018 unless high and continuous development of new projects brings significant new fields online and sustains the country's increasing production. Over the longer term, deepwater and greenfield developments will therefore remain...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
10
Oil & Gas Reserves
10
Table: Malaysia Proven Oil & Gas Reserves And Total Petroleum Data, 2012-2017
10
Table: Malaysia Proven Oil & Gas Reserves and Total Petroleum Data, 2018-2023
12
Table: Blocks Offered In The Petronas Licensing Round 2014
17
Oil Supply And Demand
18
Table: Malaysia Oil Production & Net Exports - Historical And Forecast Data, 2012-2017
18
Table: Malaysia Oil Production & Net Exports - Long-term Forecasts, 2018-2023
18
Gas Supply And Demand
23
Table: Malaysia Gas Production, Consumption & Net Exports, 2012-2017
23
Table: Malaysia Gas Production, Consumption & Net Exports, 2018-2023
24
Refining And Oil Products Trade
29
Table: Malaysia Refining - Production & Consumption, 2012-2017
29
Table: Malaysia Refining - Production and Consumption, 2018-2023
31
Revenues/Imports Costs
32
Key Risks To BMI's Forecast Scenario
32
Industry Risk Reward Ratings
34
Asia - Risk/Reward Ratings
34
Table: Asia's Oil & Gas Risk/Rewards Ratings
35
The Upstream Leaders
35
Resource-Rich Countries Hit By State Involvement
37
Table: Asia Upstream Sector Risk/Reward Ratings
39
Downstream Support
39
Table: Asia O&G Downstream Risk/Reward Ratings
43
Malaysia - Risk/Reward Ratings
44
Malaysia Upstream Rating - Overview
44
Malaysia Upstream Rating - Rewards
44
Malaysia Upstream Rating - Risks
44
Malaysia Downstream Rating - Overview
44
Market Overview
45
Malaysia Energy Market Overview
45
Overview/State Role
46
Licensing And Regulation
46
Government Policy
46
International Energy Relations
48
Table: Key Upstream Players
49
Table: Key Downstream Players
49
Oil And Gas Infrastructure
49
Oil Refineries
49
Table: Refineries In Malaysia
50
Oil Storage Facilities
55
Table: Oil Storage Facilities In Malaysia
55
Oil Terminals/Ports
57
Oil Pipelines
58
LNG Liquefaction Terminals
59
Table: Malaysia LNG Liquefaction Terminals
59
LNG Import Terminals
61
Table: Malaysia LNG Regasification Facilities
61
Gas Pipelines
61
Competitive Landscape
63
Competitive Landscape Summary
63
Table: Key Players - Malaysian Energy Sector
64
Company Profile
65
Petronas
65
ExxonMobil
74
Shell
77
ConocoPhillips
82
Murphy Oil
86
Other Summaries
90
Regional Overview
94
Asia Overview
94
Gas Is Hot
94
Locking Eyes On Gas Production
97
Australia's LNG Roadblocks Open Up New Opportunities Elsewhere
98
Asia Fights Against LNG Prices
100
Seeking An Unconventional Rescue
103
Coalbed Methane: Underrated Potential
106
Refining Woes
106
Global Industry Overview
110
Appendix
117
Asia - Regional Appendix
117
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
117
Table: Oil Consumption - Long-Term Forecasts, 2015-2022 ('000b/d)
118
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
118
Table: Oil Production - Long-Term Forecasts, 2015-2022 ('000b/d)
119
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
120
Table: Refining Capacity - Long-Term Forecasts, 2015-2022 ('000b/d)
120
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
121
Table: Gas Production - Long-Term Forecasts, 2015-2022 (bcm)
122
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
123
Table: Gas Consumption - Long-Term Forecasts, 2015-2022 (bcm)
123
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
124
Table: Net LNG Exports - Long-Term Forecasts, 2015-2022 (bcm)
125
Glossary
126
Table: Glossary Of Terms
126
Methodology
128
Industry Forecast Methodology
128
Source
130
Risk/Reward Ratings Methodology
130
Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings
132
Table: Weighting
134

The Malaysia Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Malaysia including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Malaysia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Malaysian oil and gas industry.

Key Benefits

  • Benchmark BMI's independent oil and gas industry forecasts for Malaysia to test consensus views - a key input for successful budgeting and strategic business planning in the Malaysian oil and gas market.
  • Target business opportunities and risks in the Malaysian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Malaysia.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Regional Overview

Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports of oil, gas and LNG.

Business Environment Ratings

BMI's Oil and Gas Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (independents, NOCs, IOCs and oil services companies) in the upstream and downstream markets.

The ratings methodology makes sophisticated use of more than 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Ratings products.

Oil Market Outlook and Oil Products Outlook

Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2018 for oil, gas and oil products

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Pricing: Oil price (US$/bbl, WTI, Brent, OPEC basket, Urals); Oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene - US$/bbl) at global hubs

Production, Consumption, Capacity and Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (`000b/d); Proven gas reserves (tcm), production and consumption (bcm)

Imports and Exports: Oil exports/imports (`000b/d), value of oil exports/imports (US$mn - BMI base case); Value of oil exports at constant US$50/bbl and constant US$100/bbl (US$mn); Gas exports/imports (bcm), Value of gas exports/imports (US$mn); Value of gas exports/imports at constant US$50/bbl and US$100/bbl (US$mn); Value of petroleum exports/imports (US$mn); Value of petroleum exports/imports at constant US$50/bbl and US$100/bbl (US$mn)

BMI Macroeconomic Forecasts

BMI forecasts to end-2018 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape

Comparative company analyses by US$ sales, % share of total sales, number of employees, year established, ownership structure, oil production ('000b/d), gas production (bcm), downstream capacity ('000b/d) and % market share.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc