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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.
of Annual GDP
O&G is an important sector in Malaysia’s economy,
contributing to a large majority of its annual GDP.
Business in Malaysia
International oil companies, manufacturers,
independent businesses, and services
84.8%
Domestic Investments
(RM2.8 bil)
RM3.3 bil
Total Approved Investments
15.2%
Foreign Investments
(RM482.2 mil)
13 Projects Approved
in 2019
Midstream Terminal
Storage of Natural Gas
and Petroleum Products Projects
(RM2.4 bil)
Upstream
Services
Projects
(RM67.8 mil)
Machinery
and Equipment
Projects
(RM88 mil)
Equipment Maintenance,
Repair, and
Overhaul (MRO)
Projects
(RM729.1 mil)
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.
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
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