Overview:

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Malaysia. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries, pipelines and storage terminals) in Malaysia. The report also analyses the fiscal regime relevant to the crude oil assets in Malaysia and compares the investment environment in Malaysia with other countries in the region. The profiles of the major companies operating in the crude oil sector in Malaysia together with the latest news and deals are also included in the report.

Scope

- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.
- Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Malaysia for the period 2000-2013.
- Operator and equity details for major crude oil assets in Malaysia.
- Key information relating to market regulations, key energy assets and the key companies operating in the Malaysia’s energy industry.
- Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
- Information on the top companies in the Malaysia including business description, strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Evaluate the attractiveness of the geography for oil investment in the light of government policies and the fiscal environment.
- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
- Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil assets.
- Assess your competitor’s major crude oil assets and their performance.
- Analyze the latest news and financial deals in the oil sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies in the country.

Companies Mentioned

Royal Dutch Shell plc
Exxon Mobil Corporation
Petroliam Nasional Berhad (PETRONAS)

1 Table Of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 Malaysia, Energy Sector 11
2.1 Malaysia Energy Sector, Market Overview 11
2.2 Malaysia Energy Sector, Crude Oil 12
2.2.1 Malaysia Crude Oil, Overview 12
2.2.2 Malaysia Crude Oil, Supply and Demand Balance 12
2.2.3 Malaysia Crude Oil, Regulatory Structure 19
2.2.4 Malaysia Crude Oil, Infrastructure 19
3 Malaysia Fiscal Regime 21
3.1 Malaysia Petroleum Fiscal Environment 21
3.1.1 Governing Law 21
3.1.2 Licensing Authority 21
3.1.3 State Participation 21
3.2 License Terms 21
3.2.1 Exploration License (EL) Duration 21
3.2.2 Relinquishment during Exploration 21
3.2.3 Exploration obligation 21
3.2.4 Production Rights, Area & Duration 21
3.3 Key Fiscal Terms 22
3.3.1 Royalty 22
3.3.2 Fee 22
3.3.3 Bonuses 22
3.3.4 Cost Recovery 22
3.3.5 Profit Sharing 22
3.3.6 Taxation 24
3.3.7 Deductions and Depreciation 24
3.3.8 Withholding Tax 24
3.3.9 Ring Fence 24
3.4 Malaysia, Fiscal System - Economic Modeling Methodology 25
3.4.1 Economic Modeling Methodology 26
3.5 Malaysia, Fiscal System - Sample Economics 27
3.6 Malaysia, Fiscal System - Sample Asset Valuation 28
4 Malaysia Oil Upstream Investment Environment Benchmarking 29
4.1 Introduction 29
4.2 The Overall Ranking 29
4.3 Upstream Fiscal Attractiveness 30
4.3.1 Maximum Government Take Index 31
4.3.2 Maximum State Participation 31
4.4 Oil Sector Performance 32
4.4.1 Exploration Activity 34
4.4.2 Oil Production 35
4.4.3 Oil Reserves 35
4.4.4 Oil Consumption 36
4.4.5 Refining Industry 36
4.5 Economic Performance 36
4.5.1 GDP Growth Index 38
4.5.2 FDI Confidence Index 38
4.5.3 Balance of Trade Index 39
4.6 Socio-Political Performance 39
4.6.1 Democracy Index 40
4.6.2 Governance Index 41
5 Malaysia Exploration and Production Sector 42
5.1 Malaysia Exploration and Production Sector, Country Snapshot 42
5.1.1 Malaysia Exploration and Production Sector, Key Data 42
5.1.2 Malaysia Exploration and Production Sector, Crude Oil Assets Map 42
5.2 Malaysia Exploration and Production Sector, Gross Crude Oil Production 43
5.2.1 Malaysia Exploration and Production Sector, Gross Crude Oil-Historical Production 43
5.2.2 Malaysia Exploration and Production Sector, Gross Crude Oil Production by Type 44
5.2.3 Malaysia Exploration and Production Sector, Gross Crude Oil Production by Assets 45
5.2.4 Malaysia Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 46
5.2.5 Malaysia Exploration and Production Sector, Market Share based on Gross Equity Weighted Crude Oil Production 47
5.3 Malaysia Exploration and Production Sector, Gross Crude Oil Forecasts 48
5.3.1 Malaysia Exploration and Production Sector, Gross Crude Oil Forecasted Production 48
5.3.2 Malaysia Exploration and Production Sector, Gross Crude Oil Revenue Forecast 48
5.3.3 Malaysia Exploration and Production Sector, Government Take Forecast 49
5.3.4 Malaysia Exploration and Production Sector, Contractor Take Forecast 49
5.4 Malaysia Exploration And Production Sector, Crude Oil Asset Details 50
5.4.1 Malaysia Exploration And Production Sector, Planned Crude Oil Asset Details 51
5.5 Malaysia Exploration And Production Sector, Major Oil Discoveries 51
5.5.1 Malaysia Exploration And Production Sector, Number of Oil Discoveries, 2004- 2009 51
5.5.2 Malaysia Exploration And Production Sector, Oil Discovery Details 52
5.6 Malaysia Exploration And Production Sector, Recent Discoveries 53
5.6.1 Jun 12, 2009: Murphy Oil Announces Additional Discoveries In Malaysia 53
5.7 Malaysia Exploration And Production Sector, Drilling and Production Updates 53
5.7.1 May 06, 2010: Murphy Oil Updates On Its Exploration Activities 53
5.7.2 Nov 09, 2009: Petrovietnam To Exploit Two New Oil And Gas Wells By End Of 2009 54
5.7.3 Nov 03, 2009: Hess To Boost Its Southeast Asia Natural Gas Output To 100,000 Boepd Within Next Five Years 54
5.7.4 Sep 18, 2009: Murphy Oil Announces First Production From Sarawak Natural Gas Project In Malaysia 55
6 Malaysia FPSO Industry 56
6.1 Malaysia FPSO Industry, FPSO Capacity Details by Vessel 56
6.2 Malaysia FPSO Industry, FPSO Vessel Specifications 56
7 Malaysia Pipeline Sector 57
7.1 Malaysia Pipeline Sector, Key Data 57
7.2 Malaysia Pipeline Sector, An Overview 57
7.3 Malaysia Pipeline Sector, Crude Oil Pipeline Companies 57
7.4 Malaysia Pipeline Sector, Comparison of Key Petroleum Product Pipeline Companies 58
7.5 Malaysia Pipeline Sector, Crude Oil Pipelines 59
7.6 Malaysia Pipeline Sector, Petroleum Product Pipelines 59
8 Malaysia Refining Sector 60
8.1 Malaysia Refining Sector, Key Data 60
8.2 Malaysia Refining Sector, An Overview 60
8.2.1 Malaysia Refining Sector, Total Refining Capacity 60
8.3 Malaysia Refining Sector, Capacity- Wise Market Share By Company 61
8.4 Malaysia Refining Sector, Crude Distillation Unit Capacity 62
8.5 Malaysia Refining Sector, Coking Capacity 63
8.6 Malaysia Refining Sector, Fluid Catalytic Cracking Capacity 63
8.7 Malaysia Refining Sector, Hydrocracking Capacity 63
9 Malaysia Oil and Chemicals Storage Sector 64
9.1 Malaysia Oil and Chemicals Storage Sector, Key Data 64
9.2 Malaysia Oil and Chemicals Storage Sector, An Overview 64
9.2.1 Malaysia Oil and Chemicals Storage Sector, Total Storage Capacity 64
9.3 Malaysia Oil and Chemicals Storage Sector, Capacity- Wise Market Share by Company 65
9.4 Malaysia Oil and Chemicals Storage Sector, Storage Capacity 66
10 Profile of Petroliam Nasional Berhad (PETRONAS) 68
10.1 Petroliam Nasional Berhad (PETRONAS), Key Information 68
10.2 Petroliam Nasional Berhad (PETRONAS), Company Overview 68
10.3 Petroliam Nasional Berhad (PETRONAS), Business Description 68
10.3.1 Business Overview 68
10.3.2 Exploration and Production Segment 69
10.3.3 Gas Business Segment 71
10.3.4 Logistics and Maritime Segment 72
10.3.5 Oil Business Segment 73
10.3.6 Petrochemicals Segment 75
10.4 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 76
10.4.1 Overview 76
10.4.2 Petroliam Nasional Berhad (PETRONAS) Strengths 76
10.4.3 Petroliam Nasional Berhad (PETRONAS) Weaknesses 77
10.4.4 Petroliam Nasional Berhad (PETRONAS) Opportunities 78
10.4.5 Petroliam Nasional Berhad (PETRONAS) Threats 79
11 Profile of Royal Dutch Shell plc 80
11.1 Royal Dutch Shell plc, Key Information 80
11.2 Royal Dutch Shell plc, Company Overview 80
11.3 Royal Dutch Shell plc, Business Description 80
11.3.1 Business Overview 80
11.3.2 Corporate 81
11.3.3 Downstream 81
11.3.4 Upstream 83
11.4 Royal Dutch Shell plc,SWOT Analysis 85
11.4.1 Overview 85
11.4.2 Royal Dutch Shell plc Strengths 85
11.4.3 Royal Dutch Shell plc Weaknesses 87
11.4.4 Royal Dutch Shell plc Opportunities 88
11.4.5 Royal Dutch Shell plc Threats 89
12 Profile of Exxon Mobil Corporation 91
12.1 Exxon Mobil Corporation, Key Information 91
12.2 Exxon Mobil Corporation, Company Overview 91
12.3 Exxon Mobil Corporation, Business Description 91
12.3.1 Business Overview 91
12.3.2 Chemical 92
12.3.3 Downstream 93
12.3.4 Upstream 94
12.4 Exxon Mobil Corporation, SWOT Analysis 96
12.4.1 Overview 96
12.4.2 Exxon Mobil Corporation Strengths 97
12.4.3 Exxon Mobil Corporation Weaknesses 98
12.4.4 Exxon Mobil Corporation Opportunities 100
12.4.5 Exxon Mobil Corporation Threats 101
13 Financial Deals Landscape 103
13.1 Detailed Deal Summary 103
13.1.1 Acquisition 103
13.1.2 Debt Offerings 105
13.1.3 Partnerships 108
13.1.4 Asset Transactions 115
14 Recent Developments 118
14.1 Strategy and Business Expansion 118
14.1.1 Apr 21, 2010: Murphy Oil Announces Termination Of PSCs For Blocks L And M In Malaysia 118
14.1.2 Mar 06, 2010: Ghana Seeks Help From Malaysia To Develop Its Oil And Gas Sector 118
14.1.3 Jan 23, 2010: SVL To Set Up INR180 Billion Worth Oil Refinery In Malaysia 118
14.2 Other Significant Developments 119
14.2.1 Jun 09, 2010: ExxonMobil To Invest $1 Billion On Malaysia's Tapis Field 119
14.2.2 Jun 08, 2010: ConocoPhillips In Talks With Petronas To Expand Its Malaysian Acreage 119
14.2.3 May 31, 2010: Shell Refining Gets MYR450 Million Loan From SCBMB 119
14.2.4 Apr 08, 2010: Petronas Prepares Petrochemical And Heavy Engineering Businesses For Listing 119
14.2.5 Mar 24, 2010: Petronas Denies Huge Oil Field Discovery In Malaysia 120
14.2.6 Mar 01, 2010: Petra Perdana Non-Executive Director Ahmad bin Haji Mohd Sharkan Resigns 121
14.2.7 Feb 23, 2010: Langsat Terminal To Invest MYR90 Million In Developing Phase III Of Tank Terminal Project In Malaysia 121
14.2.8 Feb 22, 2010: Iran Signs Agreement With A Malaysian Company For Development Of Resalat Oilfield 122
14.2.9 Feb 04, 2010: Petronas Appoints Datuk Shamsul Azhar Abbas As President And CEO 122
14.2.10 Feb 03, 2010: Petronas Appoints Shamsul Azhar Abbas As Its New CEO 122
14.2.11 Jan 28, 2010: Distinct Objective Signs MoU For TOGP Project 122
14.2.12 Jan 11, 2010: Murphy Oil Announces Results From First Eagle Ford Shale Well And Update Of Drilling Activities 123
14.2.13 Dec 16, 2009: Shell Appoints Mohd Anuar Taib To Its Board 123
14.2.14 Dec 09, 2009: Petronas Invests MYR13.7 Billion On E&P In H1 Fiscal 2010 124
14.2.15 Oct 29, 2009: Petroleum Geo-Services Conducts 3D Seismic Survey On Lundin Petroleum's Offshore Pahang In Malaysia 124
14.3 New Contracts Announcements 125
14.3.1 Nov 02, 2009: Changhuat Wins MYR96 Million Worth Floating Storage Contract 125
15 Appendix 126
15.1 Methodology 126
15.1.1 Coverage 127
15.1.2 Secondary Research 128
15.1.3 Primary Research 128
15.1.4 E&P Forecasts 128
15.1.5 Midstream Forecasts 130
15.1.6 Expert Panel Validation 130
15.2 Contact Us 130
15.3 About GlobalData 131
15.4 Disclaimer 131

1.1 List of Tables
Table 1: Malaysia, Historic and Forecast Production and Consumption of Crude Oil, 1996-2020 13
Table 2: Malaysia, Historic and Forecast Imports And Exports of Crude Oil, 1996-2020 16
Table 3: Malaysia, Historic Reserves of Crude Oil, 1996-2009 18
Table 4: Malaysia, Crude Oil and Natural Gas, Deep-Water Cost Recovery, 2009 22
Table 5: Malaysia, Crude Oil and Natural Gas, Cost Recovery Ceiling and Profit Oil/Gas, 2009 23
Table 6: Malaysia, Crude Oil, Deep Waters Profit Oil, 2009 23
Table 7: Malaysia, Natural Gas, Deep Waters Profit Gas, 2009 24
Table 8: Malaysia, Crude Oil and Natural Gas, Capital Allowance, 2009 24
Table 9: Malaysia, Remaining NPV, Sensitivity to Discount Rates 28
Table 10: Asia Pacific, Investment Benchmarking, Overall Country Rankings, July 2010 29
Table 11: Asia Pacific, Investment Benchmarking, Upstream Fiscal Attractiveness, July 2010 30
Table 12: Asia Pacific, Investment Benchmarking, Oil Sector Performance, July 2010 32
Table 13: Asia Pacific, Investment Benchmarking, Economic Performance, July 2010 37
Table 14: Asia Pacific, Country Standings, Economic Performance, July 2010 37
Table 15: Asia Pacific, Investment Benchmarking, Socio-Political Performance, July 2010 39
Table 16: Asia Pacific, Country Standings, Socio-Political Performance, July 2010 40
Table 17: Malaysia, Crude Oil Key Statistics, 2009 42
Table 18: Malaysia, Total Gross Crude Oil Production (MMBBLs), 2002-2009 43
Table 19: Malaysia, Total Gross Crude Oil Production (MMBBLs) by Type, 2002- 2009 44
Table 20: Malaysia, Gross Crude Oil Production (MMBBLs), by Assets, 2002-2009 45
Table 21: Malaysia, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2002-2009 46
Table 22: Malaysia, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2002-2009 47
Table 23: Malaysia, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2010-2015 48
Table 24: Malaysia, Forecasted Assets-wise Gross Crude Oil Revenue (000'$), 2010-2015 48
Table 25: Malaysia, Projected Assets-wise Total Government Take (000'$), 2010-2015 49
Table 26: Malaysia, Projected Assets-wise Total Contractor Take (000'$), 2010-2015 49
Table 27: Malaysia, Active Oil Field Asset Details 50
Table 28: Malaysia, Planned Oil Field Asset Details 51
Table 29: Malaysia, Number of Oil Discoveries, 2004- 2009 51
Table 30: Malaysia, Oil Discovery Details, 2004-2009 52
Table 31: Malaysia FPSO Industry, FPSO Oil Production Capacities, 2009 56
Table 32: Malaysia FPSO Industry, FPSO Vessel Specifications, 2009 56
Table 33: Malaysia, Pipeline Key Statistics, 2009 57
Table 34: Malaysia, Crude Oil Pipeline Length by Company (Km), 2009 57
Table 35: Malaysia, Petroleum Product Pipeline Length by Company (Km), 2009 58
Table 36: Malaysia, Crude Oil Pipelines, 2009 59
Table 37: Malaysia, Petroleum Product Pipelines, 2009 59
Table 38: Malaysia, Refinery Key Statistics, 2009 60
Table 39: Malaysia, Total Refining Capacity (MMTPA), 2000- 2013 60
Table 40: Malaysia, Refining Capacity-Wise Market Share By Company (MMTPA), 2000-2013 61
Table 41: Malaysia, Crude Distillation Unit Capacity (MMTPA), 2000-2013 62
Table 42: Malaysia, Coking Unit Capacity (MMTPA), 2000-2013 63
Table 43: Malaysia, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2013 63
Table 44: Malaysia, Hydrocracking Unit Capacity (MMTPA), 2000-2013 63
Table 45: Malaysia, Oil and Chemicals Storage Key Statistics, 2009 64
Table 46: Malaysia, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 64
Table 47: Malaysia, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 65
Table 48: Malaysia, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013(Part 1) 66
Table 49: Malaysia, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (Part 2) 67
Table 50: Petroliam Nasional Berhad (PETRONAS), Key Facts 68
Table 51: Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 76
Table 52: Royal Dutch Shell plc, Key Facts 80
Table 53: Royal Dutch Shell plc, SWOT Analysis 85
Table 54: Exxon Mobil Corporation, Key Facts 91
Table 55: Exxon Mobil Corporation, SWOT Analysis 96
Table 56: Royal Vopak Acquires Intercontinental Terminals From Mitsui And Tejana 103
Table 57: Tenaga Nasional Berhad Acquires Minority Interest in Coal International From Scenic Worldwide 104
Table 58: PETRONAS Completes Private Placement Of 5.25% Senior Notes For $3 Billion 105
Table 59: PETRONAS Completes Private Placement Of Islamic Trust Certificates Due 2014 For $1.5 Billion 106
Table 60: Petroliam Nasional To Issue Conventional Bonds 107
Table 61: Talisman Energy Enters Into Agreement With PETRONAS 108
Table 62: Vitol To Form Joint Venture With MISC Berhad 109
Table 63: Vopak To Form Joint Venture With Dialog Group And State Secretary Of Johor 110
Table 64: UBG To Form Joint Venture With Mubadala Development 111
Table 65: Lundin Petroleum Signs Partnership Agreement With PETRONAS 112
Table 66: ExxonMobil Signs New Production Sharing Contract With PETRONAS 113
Table 67: Petronas Signs Joint Venture Agreement With Shell And ConocoPhillips 114
Table 68: Petronas Acquires 20% Stake In petroleum Storage Terminal 115
Table 69: Petroliam Nasional Awards PSC To Newfield Sarawak Malaysia, Mitsubishi And PETRONAS Carigali 116
Table 70: Total E&P Malaysia Acquires 70% Interest in Two Offshore Blocks in Malaysia From Petronas 117

1.2 List of Figures
Figure 1: Malaysia, Energy Sector break-up, 2009 11
Figure 2: Malaysia, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020 14
Figure 3: Malaysia, Crude Oil Imports And Exports, Thousand Barrels Per Day, 1996-2020 17
Figure 4: Malaysia, Crude Oil Reserves, Million Barrels, 1996-2009 19
Figure 5: Malaysia, Full Field Economics, Sample Cash Flows 25
Figure 6: Malaysia, Full Field Economics, Government and Contractor Takes 27
Figure 7: Malaysia, Full Field Economics, Post Tax Cash Flow vs. Gross Revenue 27
Figure 8: Malaysia, Full Field Economics, Project Post Tax Cash Flows At Various Discount Rates 28
Figure 9: Asia Pacific, Country Standings, Upstream Fiscal Attractiveness, July 2010 31
Figure 10: Asia Pacific, Country Standings, Oil Sector Performance by Reserves-Exploration & Production, July 2010 33
Figure 11: Asia Pacific, Country Standings, Oil Sector Performance by Production-Consumption & Refining, July 2010 34
Figure 12: Asia Pacific, Country Standings, Exploration Blocks Awarded, July 2010 35
Figure 13: Asia Pacific, Country Standings, Economic Performance, July 2010 38
Figure 14: Asia Pacific, Country Standings, Socio-Political Performance, July 2010 40
Figure 15: Malaysia, Crude Oil Assets Map, 2009 42
Figure 16: Malaysia, Total Gross Crude Oil Production (MMBBLs), 2002-2009 43
Figure 17: Malaysia, Total Gross Crude Oil Production (MMBBLs) by Type, 2002-2009 44
Figure 18: Malaysia, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2002-2009 46
Figure 19: Malaysia, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2009 47
Figure 20: Malaysia, Number of Oil Discoveries, 2004-2009 52
Figure 21: Malaysia, Petroleum Product Pipeline Length By Company (Km), 2009 58
Figure 22: Malaysia, Total Refining Capacity (MMTPA), 2000- 2013 61
Figure 23: Malaysia, Refining Capacity-Wise Market Share By Company (MMTPA), 2009 62
Figure 24: Malaysia, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 65
Figure 25: Malaysia, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 66
Figure 26: GlobalData Methodology 127