Central & SE Asia / Australasia

Malaysia flag
Summary | Profile

Country profile: Malaysia

Location: Southeastern Asia, peninsula bordering Thailand and northern one-third of the island of Borneo, bordering Indonesia, Brunei, and the South China Sea, south of Vietnam
Climate: tropical; annual southwest (April to October) and northeast (October to February) monsoons
Terrain: coastal plains rising to hills and mountains
Size: 329750 sq. km total (Land area: 328550 sq. km  Water area: 1200 sq.km)
Population: 25,274,133 (July 2008 est.)
Languages: Bahasa Malaysia (official), English, Chinese (Cantonese, Mandarin, Hokkien, Hakka, Hainan, Foochow), Tamil, Telugu, Malayalam, Panjabi, Thai
Government: constitutional monarchy
Capital city: Kuala Lumpur
Legal system: based on English common law; judicial review of legislative acts in the Supreme Court at request of supreme head of the federation; Islamic law is applied to Muslims in matters of family law and religion; has not accepted compulsory ICJ jurisdiction
Currency: ringgit (MYR)

Country profile

During the late 18th and 19th centuries, Great Britain established colonies and protectorates in the area of current Malaysia; these were occupied by Japan from 1942 to 1945. In 1948, the British-ruled territories on the Malay Peninsula formed the Federation of Malaya, which became independent in 1957. Malaysia was formed in 1963 when the former British colonies of Singapore and the East Malaysian states of Sabah and Sarawak on the northern coast of Borneo joined the Federation.

The first several years of the country's history were marred by a Communist insurgency, Indonesian confrontation with Malaysia, Philippine claims to Sabah, and Singapore's secession from the Federation in 1965. During the 22-year term of Prime Minister MAHATHIR bin Mohamad (1981-2003), Malaysia was successful in diversifying its economy from dependence on exports of raw materials to expansion in manufacturing, services, and tourism.

Energy production and consumption

Oil Gas
Production: 751,800 bbl/day (2005 est.) 60 billion cu m (2005 est.)
Consumption: 501,000 bbl/day (2005 est.) 31 billion cu m (2005 est.)
Exports: 611,200 bbl/day (2004 est.) 29 billion cu m (2004 est.)
Imports: 278,600 bbl/day (2004 est.)  
Reserves: 3 billion bbl (2007 est.) 2 trillion cu m (1 January 2006 est.)
Major fields:

Malaysia - recent news

08 May 24
Malaysia: Odfjell Technology secures three well services contracts in Malaysia
Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has been awarded three well services contracts in Malaysia, marking a significant milestone in the company’s position in the Asia Pacific region.
29 Apr 24
Malaysia/Vietnam: Hibiscus Petroleum announces exploration discovery at Bunga Aster-1 well
Hibiscus Petroleum has announced that its wholly-owned subsidiary, Hibiscus Oil & Gas Malaysia, as the operator of the PM3 Commercial Arrangement Area Production Sharing Contract ('PM3 CAA PSC'), has successfully completed the drilling of the Bunga Aster-1 exploration well.
23 Apr 24
Sapura Energy to divest stake in SapuraOMV to TotalEnergies
Sapura Energy has announced that its wholly owned subsidiary, Sapura Upstream Assets, has entered into a conditional Sale and Purchase Agreement ('SPA') to divest its 50 percent equity interest in SapuraOMV to TotalEnergies.
22 Apr 24
Malaysia: TotalEnergies signs an agreement to acquire the remaining 50% of SapuraOMV, a significant Upstream Gas Operator in Malaysia
TotalEnergies has signed an agreement with Sapura Upstream Assets to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV for a consideration of $530 million.
03 Apr 24
Malaysia: TGS announces commencement of Penyu Basin multi-client 3D seismic offshore Peninsular Malaysia
TGS, the leading global energy data and intelligence provider, alongside JV consortium partners, PGS and SLB announce the commencement of a multi-client 3D seismic project in the Penyu Basin, offshore Peninsular Malaysia.

Malaysia - more news

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