Malaysia Oil & Gas Market Analysis | Market Size, Share, Production, Consumption, Imports Data, and Forecast, 2023-2030

Malaysia oil & gas market is expected to reach US$ 14.7 billion by 2030, with an annual growth rate of more than 2.6%- RationalStat

Wilmington, Delaware, Sept. 24, 2023 (GLOBE NEWSWIRE) —

Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the Malaysia oil & gas market include,

• In March 2023, PETRONAS came into partnership with Phoenix Petroleum. The partnership focuses on jointly exploring opportunities in the Philippines.
• In January 2023, JGC Corporation and Samsung Heavy Industries (SHI) won an engineering, procurement, construction, and commissioning (EPCC) contract from Petronas for Malaysia’s first nearshore floating LNG complex. The proposed plant will be the world’s first nearshore floating LNG facility. It will be completed in 2027 and will have a minimum annual capacity of 2 million tonnes of LNG.

Some of the prominent players and suppliers operating and contributing significantly to the Malaysia oil & gas market growth include Petroliam Nasional Berhad (PETRONAS), Shell Malaysia (Shell International B.V.), Exxon Mobil Corporation, Hess Corporation, Murphy Oil Corporation, Repsol, S.A., ConocoPhillips Company, JX Nippon Oil & Gas Exploration Corporation, Weatherford International plc, Fugro N.V., Shearwater GeoServices Holdings AS, Petro-Excel Sdn Bhd, Gas Malaysia Berhad, and Petro Teguh (M) Sdn Bhd, among others.

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RationalStat has segmented the Malaysia oil & gas market based on activity, drilling type, product type, and company ownership and region

• Malaysia Oil & Gas Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Activity
  • Upstream
  • Midstream
  • Downstream
• Malaysia Oil & Gas Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Drilling Type
  • Onshore
  • Offshore
• Malaysia Oil & Gas Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Product Type
  • Crude Oil
  • Petroleum Products
  • Natural Gas
• Malaysia Oil & Gas Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Company Ownership
  • Public
  • Private
  • Government
• Malaysia Oil & Gas Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Region
  • Malaysia Oil & Gas Market
    • Western Malaysia
    • Southern Malaysia
    • Eastern Malaysia
    • Northern and Central Malaysia

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Key Questions Answered in the Oil & Gas Report:

• What will be the market value of the Malaysia oil & gas market by 2030?
• What is the market size of the Malaysia oil & gas market?
• What are the market drivers of the Malaysia oil & gas market?
• What are the key trends in the Malaysia oil & gas market?
• Which is the leading region in the Malaysia oil & gas market?
• What are the major companies operating in the Malaysia oil & gas market?
• What are the market shares by key segments in the Malaysia oil & gas market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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