Malaysia Petroleum Management
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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.
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.
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.
- Digitalisation
- Collaboration
- Standardisation
Project performance management
Collaboration platform with operators
Enhanced web-based platform (MyPROdata) for improvement on data accessibility
Remote Operations
Newly identified opportunities for resource maturation and improved recovery
Enhanced integrated contract strategy among business partners to achieve well cost reduction
Sustainability of Malaysia's power demand via resource maturation
Technology solution for Carbon Capture &
Storage (CCS)
Strategic platforms established to manage contractor performance
Cheaper and faster simplified platform solutions
Technical and commercial solution for deepwater projects
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.
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 Platforms
×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
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