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Oil & Gas Services
and Equipment
Positioned at the crossroads of east-west shipping lanes and with strong economic ties to regional neighbours, Malaysia’s thriving oil and gas industry offers significant advantages and market opportunities. This sector remains a vital part of the country’s economy, contributing about 20% to the annual GDP.
The O&G services sub-sector includes upstream, midstream, and equipment maintenance. In 2022, 9 projects worth RM5.9 billion were approved, creating 805 jobs.
Contribution to Annual GDP
O&G continues to be an important sector of Malaysia’s economy, featuring a strong ecosystem to support the O&G value chain domestically and in the region.
O&G Businesses in Malaysia
The O&G ecosystem comprises international oil companies, independents, services and manufacturing companies.
For more statistics, please click here.
MIDA focuses on integrating Malaysia’s O&G operations to maximise values throughout the supply chain – from upstream to downstream, promoting joint ventures for knowledge transfer and enhanced local capabilities.
MIDA offers incentives like Pioneer Status and Investment Tax Allowance to support businesses, particularly those involved in machinery-related activities for the oil and gas sector. Connect with us for more information.
Today, Malaysia continues to be decisive in TechnipFMC’s investment in the region. Having one of the major fuel reserves in Asia Pacific together with a well-established industry built by expertise and technology, Malaysia remains a key location for oil and gas operations in South East Asia.
