Development

 

Overview of the Oil and Gas Development in Malaysia Upstream

 

MPM is responsible to drive resource maturation and monetisation of more than 125 oil fields (STOIIP of > 32 Bstb) and 149 gas fields (GIIP of > 150.2 Tcf) through advanced subsurface studies and effective development project execution and delivery.

 

 

Source:
Malaysia – Internal Analysis on Historical Production
UK – OGA https://data-ogauthority.opendata.arcgis.com/pages/production
GOM – US Energy Information Administration (STEO Data Browser – 0. No Standard Table (eia.gov))

Unlocking the full potential of Malaysia’s upstream sector

 

In driving resource maturation and monetisation, PETRONAS continues to work with industry players to adopt best-in-class practices to unlock opportunities and maximise value to all stakeholders.

 

 

 

 

 

 

 

 

 

 

 

HPHT = meet BOTH >10K psi BHP AND>300 degF BHT
HP = >10K psi BHP only

 

 

 

 

Monetising resources through technology

 

In striving for the sustainable development of Malaysia’s oil and gas resources, PETRONAS continues to collaborate with its partners to discover and develop value-adding technologies for Deepwater Wells, High Pressure High Temparature (HPHT), Enhanced Oil Recovery (EOR) / Improved Oil Recovery (IOR) / Small Field, Contaminants & Carbon Dioxide (CO2) and PETRONAS Floating Liquefied Natural Gas (PFLNG) / Infrastructure / Well.

Among notable achievements monetising resources through the leveraging:-

 

 

 

 

 

Enhancing project management efficiency

 

MPM continuously strengthens the shaping and enabling of roles in enhancing the sources values and efficient project delivery through strategic initiatives and collaborative platforms.

Digitalisation

Collaboration

 

Standardisation

 

Gumusut-Kakap is Malaysia’s biggest deepwater producing field

 

 

Did you know?

 

To date, 116 Deepwater wells have been drilled thus far in Malaysia. At present, there are more than 6 BBOE (billion barrel of oil equivalent) waiting to be discovered in deepwater Malaysia, with the highest yet-to-find in Sabah, followed by Sarawak. This indicated that there are more opportunities in deepwater to be unlocked.

 

Knowledge Exchange and Management Platforms

 

PETRONAS provides various technical platforms to steer, drive and promote industry collaboration and innovative solutions among industry players while driving project delivery through the cultivation of knowledge sharing & technical excellence in the Malaysia’s Upstream sector.

TAR Dialogue

 

  • A platform for PAC to share and collaborate on E&P Technologies
  • Session: Quarterly

 

Malaysia Deepwater Summit

 

  • Technical avenue for PAC to share, strategise and outline the future of Malaysia Deepwater assets
  • Session: Biennial

 

Upstream Management Surveillance Summit (UAMS)

 

  • A platform to collaborate towards strengthening Reservoir Management & Surveillance practices
  • Session: Biennial

 

Improved Oil Recovery Excellence Forum (IORex)

 

  • Collaboration between MPM and PAC to share and exchange information and experience in Improved Oil Recovery (IOR)
  • Session: Biennial

 

Academia Collaboration Dialogue

 

  • Two-way sharing to ensure continuous momentum to meet business pain points and long-term capability building
  • Session: Biennial

 

Carbonate Forum

 

  • A platform to collaborate and provide avenues to share knowledge and experience on carbonate reservoirs for optimum surveillance and maximising hydrocarbon recovery
  • Session: Biennial

 

Deepwater Icon

 

  • A platform to establish and promote collaboration between DW players with the aim to place Malaysia as an attractive DW investment destination by 2030
  • Session: Annually

 

 

Industry Wide Project Execution and Collaboration platform

 

Drilling Technical Committee (DRILLTeC)

 

  • Platform to discuss drilling activities Petroleum Arrangement Contractors (PACs) and formulate guidelines/procedures
  • Session: Quarterly

 

Completion Standardisation Technical Comittee (COMSTeC)

 

  • Industry level collaboration on Completions Standardisation and Optimisation Guideline
  • Session: Quarterly

 

Well Intervention & Integrity Technical Committee (WINTeC)

 

  • Collaboration efforts between PACs and MPM to address critical challenges, improve overall efficiency, and sharing of lessons learnt
  • Session: Quarterly

 

International Project Management Conference

 

  • Collaboration between MPM and PD&T. Forum to share project management’s best practices to increase productivity and lessen Life-Cycle costs
  • Session: Biennial

 

Barge Committee

 

  • Manages the Pan Malaysia Transportation and Installation barge schedule and cost sharing amongst PACs. Chaired by PETRONAS with members who are representatives from participating PACs
  • Session: Quarterly

 

PETRONAS Activity Outlook 2023-2025
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