How Malaysia is looking to seize its upstream opportunity, with Petronas SVP Datuk Bacho Pilong

Join us for our annual Summits in Singapore, Houston and London: https://rystad.info/4eNpspm  Let’s Talk Energy with Datuk Bacho Pilong, Senior Vice President at Petronas and head of Malaysia Petroleum Management, the Southeast Asian nation’s upstream regulator. Malaysia is a long-time oil producer and is currently the world’s fifth-largest LNG exporter, providing crucial supply diversification for gas importers in the region. At the same time, the country’s own energy needs are growing rapidly as its economy matures, requiring new fields and further investment to keep both its domestic market and its international customers well supplied. Pilong’s task has taken on greater urgency following the war in the Middle East, which has caused energy importers, including Malaysia, to re-emphasize domestic supplies and has brought renewed interest from international companies looking to manage growing supply risks through greater geographic diversity in their portfolios.  What are Malaysia’s goals for its upstream sector and what are its strategies to achieve them?  How is the nation’s latest bid round progressing and what is the outlook for international investments?  What will be the impact of the war in the Middle East on interest and activity in Malaysia’s upstream sector?  Related Analysis Malaysia elevates exploration pitch with data investments and tech execution (clients only) Bridging the looming production gap (available to non-clients) Eni’s Geliga find reaffirms Indonesia’s deepwater turbidite play potential (clients only) Asia's Energy Buyers: Between a Rock and a Hard Place (available to non-clients) Related Episodes How the Middle East war is reshaping Asia’s upstream strategy, with Prateek Pandey The Hormuz crisis and the real cost of a barrel of oil Middle East escalation and the scramble for LNG, with Sindre Knutsson Could Middle East conflict break energy supply chains? With Matthew Fitzsimmons Let’s Talk Energy is a Rystad Energy Production.    Produced by Elliot Busby & Både Og.    Executive producers: Noah Brenner, Elliot Busby, Evodie Fleury-Greaker & Erik Means.    Follow us on:   LinkedIn    YouTube    Instagram    X