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

30 May 23
Malaysia: TGS expands Multi-Client coverage in the Sarawak North Luconia Province
TGS, in partnership with PGS and Schlumberger, has secured pre-funding for a 6,885 sq km multi-client 3D seismic survey offshore Malaysia in North Luconia Province of the Sarawak Basin. This new acquisition is due to commence in June 2023.
30 May 23
Malaysia: PGS expands MultiClient coverage in the Sarawak North Luconia Province
PGS, together with JV consortium partners TGS and SLB have secured pre-funding to expand MultiClient 3D coverage in the prospective Sarawak Basin offshore Malaysia. The survey will cover approx. 6,800 sq kms and the Ramform Sovereign is scheduled to commence acquisition in June 2023 and complete in August.
10 May 23
Malaysia: Velesto awarded contract for the provision of jack-up drilling rigs for Petronas Carigali
Velesto has been awarded a contract for the provision of services of three jack-up rigs for Petronas Carigali, namely 'NAGA 3', 'NAGA 4' and 'NAGA 6', with an estimated combined contract value of USD128 million.
09 May 23
Malaysia: EnQuest signs agreement with PETRONAS to support Peninsular Malaysia’s gas demand
EnQuest has announced that it has, on behalf of the PM8 (Extension) (‘PM8E’) PSC parties, signed an agreement with PETRONAS to support Peninsular Malaysia’s gas demand by providing additional gas from the Seligi field through the existing PM8E PSC facilities until the end of 2025.
09 May 23
Malaysia: Worley expanding CCS capabilities in Malaysia
Worley is providing detailed engineering design services for the Kasawari carbon capture and storage (CCS) project in Malaysia. The Kasawari development, set to be one of the world’s largest offshore CCS projects, aims to capture over 3 million tons of carbon dioxide (CO2) per annum.

Malaysia - more news

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