0610
Extraction of crude petroleum
Case-by-case approval
Upstream petroleum operations require Production Sharing Contract (PSC) with Petronas. Foreign participation is structured via PSC terms, not equity.
- Foreign equity
- 100%
- Capital floor
- None
- Setup timeline
- 8–12 wk
Sector approval required
Standard Sdn Bhd RM 1
Foreign Sdn Bhd via Emerhub
Set up for this MSICOne-business-day quote · MSIC 0610 pre-filled
Investment policy
Foreign ownership rules
Foreign ownership rules
- Oil & Gas UpstreamconditionalPETRONAS
Upstream petroleum operations require Production Sharing Contract (PSC) with Petronas. Foreign participation is structured via PSC terms, not equity.
Source
Sourced from MIDA sector booklets and respective regulators. Verify the latest rules with the regulator before investment decisions.
4 items in this class
Items
- 06101Extraction of crude petroleum oilsThis activity involves the extraction of crude petroleum oils from underground reservoirs. It includes operations that extract crude oil through drilling and pumping methods.
- 06102Extraction of bituminous or oil shale and tar sandThis activity involves the extraction of bituminous materials, including oil shale and tar sand, from the earth. It encompasses the processes of mining and recovering these natural resources, which are primarily used for the production of oil and other petroleum products.
- 06103Production of crude petroleum from bituminous shale and sandThis activity involves the extraction of crude petroleum from bituminous shale and sand deposits. It includes processes that convert these materials into crude oil, which can then be refined into various petroleum products.
- 06104Processes to obtain crude oilsThis activity involves the processes used to extract crude oil from natural sources. It includes techniques such as decantation, desalting, dehydration, and stabilization to prepare the crude oil for further refining and processing.