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.
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 Asset Management 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
