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Oil & Gas Services and Equipment

Oil & Gas Services
and Equipment

MIDA plans on continued strategic integration in Oil & Gas Services and Equipment of Malaysia’s downstream operations to secure demand for Oil & Gas and to capture value across the hydrocarbon chain.

Malaysia is blessed with abundant energy resources, particularly in the oil & gas (Oil & Gas) sector. Oil & Gas continue to be an important sector of Malaysia’s economy, contributing 20.0 per cent to annual GDP.
The Oil & Gas services covers the upstream (Oil & Gas) field services, midstream (transportation and storage), and maintenance of machinery and equipment (Machinery and Equipment).

In 2019, the industry recorded a total of 13 projects approved with the investments of RM3.3 billion. These projects generated a total of 972 job opportunities.

Incentives in the forms of Pioneer Status or Investment Tax Allowance are available for the activity of upgrading or reconditioning of Machinery and Equipment including heavy machinery as well as manufacturing of Machinery and Equipment for the Oil & Gas sector.

20%

of Annual GDP

O&G is an important sector in Malaysia’s economy,
contributing to a large majority of its annual GDP.

3,500

Business in Malaysia

International oil companies, manufacturers,
independent businesses, and services

84.8%

Domestic Investments

(RM2.8 bil)

RM3.3 bil

Total Approved Investments

80%

15.2%

Foreign Investments

(RM482.2 mil)

13 Projects Approved
in 2019

5

Midstream Terminal
Storage of Natural Gas
and Petroleum Products Projects

(RM2.4 bil)

3

Upstream
Services
Projects

(RM67.8 mil)

4

Machinery
and Equipment
Projects

(RM88 mil)

1

Equipment Maintenance,
Repair, and
Overhaul (MRO)
Projects

(RM729.1 mil)

International & Domestic Oil & Gas Companies Presence in Malaysia

Our Success Stories

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.

-TechnipFMC,

Get Started

Our global presence means we are always ready for business. Engage and invest in Malaysia today.Malaysia is supported by well educated, dedicated and highly trained workforce, a result from the success of multinationals operations over the last three decades here.

 

 

Service License Application Form

Apply for Service License and start your servicing business now.

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