Fossil Energy
Malaysia’s next wave of offshore developments is creating new opportunities for the oil and gas industry.
From Sabah to Sarawak and Peninsular Malaysia, these projects could generate demand for offshore engineering, subsea systems, survey, positioning and installation services.
Here are 9 projects worth watching:
Sabah:
1. Limbayong – PETRONAS Carigali’s deepwater development.
2. Malikai Phase 3 – Shell’s next phase, adding four production wells.
3. Mutiara Cluster – Multi-field development targeting first production in 2029.
4. Kikeh 3B Phase 2 – Subsea expansion involving additional subsea equipment.
Sarawak:
5. Sirung–Chenda – PTTEP’s development targeting first oil in 2028.
6. Paprika – Planned offshore gas development.
7. Baram Junior Cluster – Development of new offshore production facilities.
8. Teja–Pepulut and Temu–Inai – Offshore structure projects for Sarawak Shell.
Peninsular Malaysia:
9. RAJA Cluster – Development of the Rhu, Janglau and Ara fields offshore Terengganu.
For Malaysian oil and gas companies, this means:
Two priorities stand out:
– Competing for new contracts. Companies need to anticipate project requirements, strengthen technical capabilities and build commercial relationships early.
– Retaining operator confidence. Consistent delivery, strong safety performance, and a proven track record help protect existing contracts and strengthen future tender positions.
It’s not just about winning the next project; it’s about becoming a company that operators continue to trust.
