Top Ten Oil and Gas Companies In Malaysia 2022 | Malaysian Biggest Oil and Gas Companies

Malaysia is a country in Southeast Asia with a population of over 30 million people. Malaysia has an oil and gas industry that produces about 2 million barrels of crude oil per day, ranking it as the fourth-largest producer in the world.

The petroleum industry is one of the most important industries to Malaysia, accounting for 17% of its GDP and providing jobs to 1.5 million Malaysians. There are many companies involved in this sector, but we have compiled some of the top oil and gas companies in Malaysia.

Oil and Gas Industry in Malaysia

Malaysia’s oil and gas industry is the fourth-largest globally, producing around two million barrels of crude oil per day. Malaysia has over 30 million people; petroleum accounts for 17% of its GDP and provides jobs to roughly one and half million Malaysians. There are many companies involved in this sector, but we have compiled some of the top oil and gas companies in Malaysia.

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1.Petronas- Best Oil and Gas Companies in Malaysia

Petronas- Best Oil and Gas Companies in Malaysia
Petronas- Best Oil and Gas Companies in Malaysia

Petronas is a state-owned Malaysian oil and gas company. It was established on 17 August 1974 by the late Prime Minister of Malaysia Tun Abdul Razak (1938–1976) with an initial paid-in capital of M$35 million. The company’s main activity includes exploring and producing petroleum products such as crude oil and natural gas.

The Malaysian Government classifies the company as a “Malaysian State-owned Enterprise.” Petronas ranks among Fortune’s World Most Admired Companies and Forbes Global 2000 ranking of public companies in terms of market value. As of December 2018, it was ranked second on the list of Fortune 500 largest companies globally by market capitalization and first on the list of most valuable Asian companies in 2018.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 47,669 (2020)
  • Founded: – 17 August 1974
  • Revenue: – US$26.5 billion (2018)
  • Headquarter: – Kuala Lumpur, Malaysia Area
  • Website: – https://www.petronas.com/

2.Bumi Armada- Oil and Gas Company in Kuala Lumpur

Bumi Armada, oil and gas companies in malaysia
Bumi Armada

Bumi Armada Berhad is one of Malaysia’s oil and gas service providers. Bumia provides a wide range of services, such as drilling rigs (both onshore and offshore), jack-ups, well-servicing equipment, pipeline installation, maintenance with pipe laying systems, etc. The company serves major industries in the region, including power generation, petroleum products for export and domestic markets; chemical processing plants; shipbuilding yards; refining facilities.

Bumi Armada established in 1995. The company provides a wide range of services to major industries, including petroleum products for export and domestic markets; refining facilities.

  • Industry: – Oilfield services
  • Employees: – 10000+
  • Founded: – 1995
  • Revenue : – RM2,179 million (2015
  • Headquarter: – Kuala Lumpur, Malaysia
  • Website: – www.bumiarmada.com
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3.Gas Malaysia- Petroleum Company in Malaysia

Gas Malaysia, oil and gas industry in malaysia
Gas Malaysia

The Gas Malaysia Company is a Malaysian petroleum company that was established in 1992. The headquarters of Gas Malaysia is stationed at Shah Alam, Selangor, and it operates with 10000+ employees throughout the region. This oil and gas company provides a wide range of services to major industries, including power generation, shipbuilding yards, refining facilities, etc.

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  • Industry: – Oil and Gas Company
  • Employees: – 10000+
  • Founded: – 1992
  • Revenue : – 6.23bn
  • Headquarter: – Shah Alam, Malaysia
  • Website: – http://www.gasmalaysia.com/

4.Scomi- list of oil and gas companies in Malaysia 2022

Scomi- list of oil and gas companies in Malaysia 2022, petroleum company in malaysia
Scomi- list of oil and gas companies in Malaysia 2022

Scomi Group Berhad is a multinational company with over 9000 employees in 60 locations. It provides services to major industries, including oil and gas, power generation, shipbuilding yards, refining facilities, etc.

The headquarter of this Malaysian petroleum company is stationed at Shah Alam Selangor, and it was established in 1961. With revenue, 307.43m USD from 2018, the Scomi Group Berhad has been ranked by Forbes as one of Malaysia’s top 100 companies under 50 years old for two consecutive years (2013) and (2014).

  • Industry: – Oil and Gas
  • Employees: – Over 9000 in 60 locations in 29 countries
  • Founded: – 1961
  • Revenue (USD): – 307.43m
  • Headquarter: – Selangor, Malaysia
  • Website: – https://scomigroup.com.my/

5.Sapura Energy

Sapura Energy, oil and gas companies in malaysia
Sapura Energy

Sapura Energy is a Malaysian oil and gas company, one of the largest oil and gas companies in Southeast Asia. 

The company was founded in 2011 by Tan Sri Dato’ Seri Shahril Shamsuddin, who has his own experience as a petroleum engineer for over thirty years. Sapura Energy operates more than a thousand petrol stations across Malaysia; there are also many other operations such as production complex management, construction services, energy trading, etc.

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  • Industry: – Oil and Gas
  • Employees: – 50+
  • Founded: – 2011
  • Revenue (USD): – RM6.45 billion (2020)
  • Headquarter: – Selangor, Malaysia
  • Website: – http://www.sapuraenergy.com/

6.Shell – Oil and Gas Company on Malaysia

Shell, oil and gas company in Kuala Lumpur
Shell

Being a multinational oil and gas company, Shell is one of the largest in Southeast Asia. The company was founded in 1907; it has more than 10000 employees at present. Its headquarters are located in the Netherlands with other offices worldwide, including Kuala Lumpur, Malaysia, Houston (Texas), etc.

Shell operates petrol stations all over Malaysia and many other operations such as production complex management, construction services, energy trading, etc.

It also manufactures butane lighter fluid on its petroleum refinery near Kuala Lumpur since 1968. This means that they have been operating for about 50 years now! During World War I, they sold shares. They sold their shares in London Stock Exchange to help fund the war efforts because different countries were involved.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 10000+
  • Founded: – 1907
  • Revenue (USD): – US$180.5 billion (2020)
  • Location: – The Hague, Netherlands
  • Website: – https://www.shell.com/
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7.Schlumberger In Malaysia

Schlumberger In Malaysia, oil and gas industry in malaysia
Schlumberger In Malaysia

Schlumberger is an oilfield services company. Their operations span the globe, as they operate in over 85 countries. They have been around for about 100 years now and were founded in 1926 by Conrad Schlumberger, a German inventor, and geologist. This company has its headquarters in Houston. In addition, they have regional offices around the world that do their work. The work they do includes OFS, Completions & Production Solutions, and D&E.

Schlumberger supplies technology-driven solutions to people who work on land or offshore. They are the best for supplies technology-driven products. Some people might think there is only one company that has the best position.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 10000+ Employees
  • Founded: – 1926
  • Revenue (USD): – $11+ billion
  • Location in Malaysia : – Kuala Lumpur, Malaysia
  • Website : – www.slb.com

8.ABB In Malaysia

ABB, petroleum company in Malaysia
ABB

ABB Group is a Swedish multinational company in power and automation founded by the inventor Hans Georg Dahlin who created an electric motor. In Malaysia, they have their High Voltage Systems Sdn Bhd companies located in Penang and ABB (M) Services Sdn Bhd, which are situated at Subang Jaya Selangor Darul Ehsan, MALAYSIA.

The first group has about 100 employees while the second one has about 500 people working with them. They also work on projects like renewable energy conversion systems or voltammetric measurement equipment for gas quality analysis. These are things that you would use in the oil industry, like oilfield valves or petrochemical pumps.

  • Industry: – Energy
  • Employees: – 10000+
  • Founded: – 1988
  • Revenue (USD): – 27.98 billion USD (2019)
  • Headquarter: – Zürich, Switzerland. 
  • Website: – https://new.abb.com/sg

9.Ørsted Oil and Gas Companies in Malaysia

Ørsted, list of oil and gas companies in malaysia 2022
Ørsted

Ørsted is a multinational oil and gas company that was founded in 2006. They have about 5000 employees worldwide, and their headquarters are located in Fredericia, Denmark. In addition, Ørsted has a Malaysian office situated in Kuala Lumpur.

Ørsted operates on five continents and focuses on oil exploration. They explore oil offshore in the North Sea, Qatar’s Ras Laffan Industrial City, Australia, Myanmar, and Canada. Ørsted also produces conventional (onshore) oil from Norway to Saudi Arabia.

In addition, they operate power generation plants with wind turbines. One is near Copenhagen, and the other is at Denmark’s south coast.

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  • Industry: – Oil and Gas
  • Employees: – 5000+
  • Founded: – 2006
  • Revenue (USD): – 52.6 billion DKK
  • Headquarter: – Fredericia, Denmark, In Malaysia Kuala Lumpur
  • Website: – https://orsted.my/malaysia-office

10.SBM Offshore- Oil and Gas Company in Malaysia

SBM Offshore, oil and gas companies in malaysia
SBM Offshore

SBM Offshore is a company that provides engineering, construction, and production services to the energy industry. They are in 40 countries on six continents. They have 4740+ employees. With revenue at US$22 billion, it ranks among the top 300 most important companies globally when ranked by revenues.

This famous multinational corporation was established in 1965, and its headquarters are located on Damrak 301-303 Amsterdam in the Netherlands! It has become one of the largest private owners of renewable energies. There are more than 500 wind turbines in Denmark near Copenhagen! In addition, they also provide drilling rigs for exploration purposes offshore, which had been deployed in over 200 different countries.

  • Industry: – Oil and Gas
  • Employees: – 4740+
  • Founded: – 1965
  • Revenue (USD): – 2.24 billion USD
  • Headquarter: – Amsterdam, Netherlands
  • Website: – https://www.sbmoffshore.com/

FAQ

1.What are the top oil and gas companies?

Answer: According to the Forbes ranking, here are the top oil and gas companies.
The list below is in ascending order of their total market capitalizations on 1 February 2020.
Shell – $ 238 billion 
ExxonMobil – $ 222 billion
BP plc (British Petroleum) – $ 202 billion 
Chevron Corporation – $ 186 billion
Statoil ASA- $ 100 billion
Total SA- $ 87 Billion
Novatek OAO- $ 48.89 Billion  
Gazprom PAO-$ 43.94 Billion   

2.Who owns Petronas oil company?

Answer: The Malaysian Government, or in other words, the people of Malaysia.
Petronas is governed by a Board with eight appointed members and has representatives from private industry, academia, labor groups, and international trade organizations. The company’s current production is 3 million barrels of oil per day – 12% of the world’s total energy production – making it one of the largest businesses in Malaysia.

3.Who has the most oil in the world?

Answer: The country with the most oil reserves in Saudi Arabia, at 264 billion barrels.
Saudi Aramco has proven crude oil reserves of 265-265 million barrels. Production for 2014 was estimated to be about 11.54 million barrels per day (bpd) – or one out of every nine barrels produced worldwide in 2009.

Conclusion:

Above we covered the top ten oil and gas companies in Malaysia with their current production numbers and product distribution. I hope you find this article helpful.

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