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Malaysia Oil & Gas Market Report 2026-2031: Deep-Water Exploration Investments Propel Malaysia's Oil & Gas Sector to $9.66 Billion in 2026

globenewswire.com
PBR The article mentions Petronas, a Malaysian state-owned oil and gas company, and its role in the Malaysian market. While not directly about Petrobras, the general positive outlook for the oil and gas sector, particularly in exploration and deep-water projects, could indirectly suggest a neutral to slightly positive sentiment for major players in the industry.

Dublin, Jan. 22, 2026 (GLOBE NEWSWIRE) -- The "Malaysia Oil and Gas - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering.

The Malaysia oil and gas market is poised for significant growth, with estimates suggesting a market size of USD 9.66 billion by 2026, progressing from USD 9.16 billion in 2025, and further climbing to USD 12.56 billion by 2031. This growth trajectory reflects a 5.42% CAGR over 2026-2031, primarily attributed to deep-water exploration, downstream petrochemical integration, and advancements in carbon management.

Petronas' robust value-chain footprint ensures feedstock reliability, while Production Sharing Contract (PSC) revisions lure international collaborations, especially in offshore basins of Sarawak and Sabah, which are expected to boost volumes and solidify Malaysia's stature as a key regional gas hub.

This report is segmented by sector (Upstream, Midstream, Downstream), location (Onshore, Offshore), and service type (Construction, Maintenance, Decommissioning), with market sizes and forecasts detailed in USD value.

Trends and Insights:

Additional Market Drivers and Restraints Include:

Segment Analysis

The upstream sector leads the market with a significant 74.85% share in 2025, energized by active PSC and Petronas project pipelines. The Jerun, Kasawari, and Gumusut-Kakap Redevelopment projects support production while mitigating natural declines, showcasing the rich geological and fiscal conditions that accelerate field monetization.

Upstream investments will persist through 2031, driven by international acquisitions in deep-water and marginal redevelopments. Meanwhile, midstream operators confront the challenge of gas rerouting post-2027 as the Sabah-Sarawak Gas Pipeline retires, yet downstream operators will enjoy new feedstock supply from upstream debottlenecking.

Key Topics Covered

1 Introduction

1.1 Study Assumptions & Market Definition

1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Supply-Chain Analysis

4.5 Regulatory Landscape

4.6 Technological Outlook

4.7 Crude-Oil Production & Consumption Outlook

4.8 Natural-Gas Production & Consumption Outlook

4.9 Installed Pipeline Capacity Analysis

4.10 Unconventional Resources CAPEX Outlook

4.11 Porter's Five Forces

4.12 PESTLE Analysis

5 Market Size & Growth Forecasts

5.1 By Sector

5.2 By Location

5.3 By Service

6 Competitive Landscape

6.1 Market Concentration

6.2 Strategic Moves

6.3 Market Share Analysis

6.4 Company Profiles

7 Market Opportunities & Future Outlook

7.1 White-space & Unmet-Need Assessment

A selection of companies mentioned in this report includes, but is not limited to:

For more information about this report visit https://www.researchandmarkets.com/r/xio3mk

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