Oil and gas production in Malaysia is now entirely
offshore from basins east of West Malaysia and north of Sarawak and
Sabah. Although shallow water production is near peak, from the many
fields found and developed in the 1970s, new output from the deep waters
of Sabah, from negotiated joint development areas, and as NGLs, will
lead to increasing oil output up to at least 2013.
Gas production, to fuel West Malaysia’s growing industries and
increasingly affluent population, as well as for new export capacity at
Sarawak’s LNG plant in Bintulu, is increasing. New fields are being
developed in all regions and older fields are being exploited more
oil consumption has grown rapidly as economic growth in the country has
been higher than average for the region and it beneftis from export
capacity. Gas consumption is increasing more rapidly for use
industrially and residentially as infrastructure is built.
Oil exports will continue to rise to 2013 but will then commence a slow
decline. Gas exports peaked in 2009 as the country demands more of its
own gas, even importing small volumes from Indonesia whilst it exports
value-added LNG to North Asia.