Overview of Production in Malaysia
Since 1974, Malaysia has produced 9 billion barrels of oil and 50 trillion cubic feet of gas. Currently, Malaysia produces 660,000 barrels of liquids and approximately 7.0 billion cubic feet of gas per day. The country's remaining commercial reserves are estimated at over 17 billion barrels of oil equivalent from more than 400 fields, with gas making up three-fourths of the mix.
PETRONAS via MPM manages long-term oil & gas production to safeguard national of supply in coordination with power, petrochemicals and other industrial sectors.
The key elements in production operations are the 'Right design, Right operation and Right maintenance' for a sustainable oil and gas production whilst ensuring asset reliability and integrity.
Production Delivery
Ensure production excellence through prudent and safe operations to maximise the economic return of hydrocarbon resources.
Asset Integrity Management
Ensure all Upstream facilities operate with integrity and reliability and maintain superior Health, Safety, Security and Environment (HSSE) performance to safeguard your investment.
Hydrocarbon Measurement & Allocation
Driving compliance activities and oversee operational performance in hydrocarbon measurement and allocation.
Decommissioning
Promote and drive decommissioning execution that is safe, cost effective and brings the best benefit to the environment.
Production Delivery
MPM manages greater efficiency in production and operations through three (3) main Key Focus Areas;
Production Sustainability
- Setting up the right ecosystem to ensure end-to-end optimisation across the hydrocarbon supply chain
- Enforcing regulatory compliance and agile crisis management
- Driving towards sensible expenditure in maximising field life and economic limits
- Maintaining reliable oil production to secure domestic refineries and contractual sales requirement
- Driving completion of Operation Readiness, Strategy & Assurance (ORSA)
Gas Supply Management
- Setting up the right ecosystem to ensure end-to-end optimisation across the hydrocarbon supply chain
- Enforcing regulatory compliance and agile crisis management
- Driving towards sensible expenditure in maximising field life and economic limits
- Pursue growth from supply & demand sustainability for LNG, national energy security and petrochemical requirement
- Provide key technical advisory roles in relation to Gas Sales Agreement, Nomination Procedure & Priority of Supply
Hydrocarbon Molecule Optimisation
- Strive towards zero continuous Flaring and Venting in support of PETRONAS’ Sustainability Agenda
- Drive efforts for GHG & methane emissions reduction, contaminant management and green energy advancement
Flaring & Venting
PETRONAS continues to steer Malaysia's upstream ecosystem towards environmental sustainability via operational discipline, lower carbon energy solutions and optimal hydrocarbon monetisation strategies.
Asset Integrity & Reliability Management
The safe and reliable operation of our Upstream facilities is essential to Contractor's and PETRONAS' successful investment whilst ensuring the Health, Safety Security and (HSSE) performance.
The element of asset integrity management is incorporated in all Petroleum Arrangement Contracts (PACs) asset management system as part of PETRONAS Procedures and Guideline for Upstream Activities (PPGUA) requirements based on the principle of the ISO 55000.
MPM aims to ensure Right Design, Right Operation and Right Maintenance that put focus on:
MPM steers and guides the PAC in ensuring asset integrity and reliability through:
Hydrocarbon Measurement and Allocation
MPM establishes the requirements to realise value assurance across field development and production activities. This is to ensure transparency in managing this activity, whilst safeguarding PETRONAS and Contractors' interests which are monitored through:
