Is Malaysia back as a regional oil-and-gas powerhouse? The numbers certainly suggest so. On the back of a number of government initiatives, developments in infrastructure and technologies, and significant private sector investments, the country’s oil and gas sector produced 1.69 million barrels of oil equivalent per day (boe/d), up from 1.64 million boe/d during the same period last year. And Reuters says that a $30 billion push to find more oil and gas is also paying off [see box], with domestic crude output bouncing back from a recent 20-year low, and natural gas production on track to hit a record high before the end of the decade.
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On the back of a number of government initiatives, developments in infrastructure and technologies, and significant private sector investments, the country’s oil and gas sector produced 1.69 million barrels of oil equivalent per day (boe/d), up from 1.64 million boe/d during the same period last year. And Reuters says that a $30 billion push to find more oil and gas is also paying off [see box], with domestic crude output bouncing back from a recent 20-year low, and natural gas production on track to hit a record high before the end of the decade.
Wata - Malaysian Oil and Gas Engineer 