Q1 2016 Malaysia
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Q1 2016 www.bmiresearch.com MALAYSIA OIL & GAS REPORT INCLUDES 10-YEAR FORECASTS TO 2024 Published by:BMI Research Malaysia Oil & Gas Report Q1 2016 INCLUDES 10-YEAR FORECASTS TO 2024 Part of BMI’s Industry Report & Forecasts Series Published by: BMI Research Copy deadline: November 2015 ISSN: 1748-4103 BMI Research © 2015 Business Monitor International Ltd Senator House All rights reserved. 85 Queen Victoria Street London All information contained in this publication is EC4V 4AB copyrighted in the name of Business Monitor United Kingdom International Ltd, and as such no part of this Tel: +44 (0) 20 7248 0468 publication may be reproduced, repackaged, Fax: +44 (0) 20 7248 0467 redistributed, resold in whole or in any part, or used Email: [email protected] in any form or by any means graphic, electronic or Web: http://www.bmiresearch.com mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International Ltd accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International Ltd makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. Malaysia Oil & Gas Report Q1 2016 CONTENTS BMI Industry View ............................................................................................................... 7 Table: Headline Forecasts (Malaysia 2013-2019) ...................................................................................................... 7 SWOT .................................................................................................................................... 9 Industry Forecast .............................................................................................................. 11 Upstream Exploration .............................................................................................................................. 11 Latest Updates ....................................................................................................................................... 11 Structural Trends ................................................................................................................................... 11 Table: Major Discoveries In Malaysia Since 2011 ..................................................................................................... 15 Table: Blocks Offered In The Petronas Licensing Round 2014 ........................................................................................ 17 Upstream Projects ................................................................................................................................... 17 Table: Malaysia Major Upstream Projects ............................................................................................................. 17 Upstream Production - Oil ........................................................................................................................ 26 Latest Updates ....................................................................................................................................... 26 Structural Trends ................................................................................................................................... 26 Table: Oil Production (Malaysia 2013-2018) .......................................................................................................... 28 Table: Oil Production (Malaysia 2019-2024) .......................................................................................................... 28 Upstream Production - Gas ....................................................................................................................... 29 Latest Updates ....................................................................................................................................... 29 Structural Trends ................................................................................................................................... 29 Table: Gas Production (Malaysia 2013-2018) ......................................................................................................... 31 Table: Gas Production (Malaysia 2019-2024) ......................................................................................................... 31 Refining ................................................................................................................................................. 32 Latest Updates ....................................................................................................................................... 32 Structural Trends ................................................................................................................................... 32 Table: Refining Capacity and Refined Products Production (Malaysia 2013-2018) .................................................................. 35 Table: Refining Capacity and Refined Products Production (Malaysia 2019-2024) .................................................................. 35 Refined Fuels Consumption ....................................................................................................................... 35 Latest Updates ....................................................................................................................................... 35 Structural Trends ................................................................................................................................... 36 Table: Refined Products Consumption* (Malaysia 2013-2018) ....................................................................................... 38 Table: Refined Products Consumption* (Malaysia 2019-2024) ....................................................................................... 38 Gas Consumption .................................................................................................................................... 39 Latest Updates ....................................................................................................................................... 39 Structural Trends ................................................................................................................................... 39 Table: Gas Consumption (Malaysia 2013-2018) ....................................................................................................... 41 Table: Gas Consumption (Malaysia 2019-2024) ....................................................................................................... 41 Trade - Oil ............................................................................................................................................. 41 Crude Oil Trade Forecasts ...................................................................................................................... 41 Latest Updates ....................................................................................................................................... 41 © Business Monitor International Ltd Page 4 Malaysia Oil & Gas Report Q1 2016 Structural Trends ................................................................................................................................... 42 Table: Crude Oil Net Exports (Malaysia 2013-2019) .................................................................................................. 43 Table: Crude Oil Net Exports (Malaysia 2019-2024) .................................................................................................. 44 Fuels Trade Forecasts ............................................................................................................................ 44 Latest Updates ....................................................................................................................................... 44 Structural Trends ................................................................................................................................... 44 Table: Refined Fuels Net Exports (Malaysia 2013-2018) .............................................................................................. 45 Table: Refined Fuels Net Exports (Malaysia 2019-2024) .............................................................................................. 46 Trade - Gas (Pipeline And LNG) ................................................................................................................ 46 Latest Updates ....................................................................................................................................... 46 Structural Trends ................................................................................................................................... 46 Table: Gas Net Exports (Malaysia 2013-2018) ........................................................................................................ 48 Table: Gas Net Exports (Malaysia 2019-2024) .......................................................................................................