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

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?

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