Oil and gas extraction service activities provided on a fee or contract basis
This activity covers the provision of services related to the extraction of oil and gas, which are offered on a fee or contract basis. It includes exploration services that assist in identifying potential petroleum or gas reserves, utilizing methods such as geological observations and traditional prospecting techniques.
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
- Key licences
- 5
- Setup timeline
- 8–12 wk
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.
Licences & permits
Licences & permits
- Permission under the Petroleum Development Act 1974 (PDA)Issued by Kementerian Perdagangan Dalam Negeri dan Kos Sara Hidup · Petroleum Development Act 1974; Petroleum Regulations 1974Auto-mapped via semantic similarity (0.44)Fee: RM 75 processing + RM 75 every 3 yearsValidity: 3 years
- Permission to Conduct Activities Under the Petroleum Development Act 1974 (PDA) and the Supply Control Act 1961 (CSA)Issued by Kementerian Perdagangan Dalam Negeri dan Kos Sara Hidup · Petroleum Development Act 1974Auto-mapped via semantic similarity (0.43)Fee: RM 25.00 annualValidity: 1 year (renewable annually)
- Exploration Licence (EL)Issued by Pejabat Pengarah Tanah dan Galian Negeri Kedah · Mineral Enactment (Kedah) 2004 and Mineral Regulations (Kedah) 2007Auto-mapped via semantic similarity (0.42)Fee: RM 200 processing + RM 500 issuance + RM 100 annual per unitValidity: Up to 10 years (subject to state authority approval)
- Exploration Licence (EM)Issued by Pejabat Pengarah Tanah dan Galian Negeri Sembilan · Mineral Enactment 2002; Mineral Regulations 2007Auto-mapped via semantic similarity (0.43)Fee: RM 100 processing + RM 300 licence issuance + RM 200 annual per unitValidity: 2 years
- Exploration/Mining Licence for Minerals Other than Sand (EML)Issued by Jabatan Ketua Pengarah Tanah dan Galian Persekutuan (JKPTG) · Continental Shelf Act 1966Auto-mapped via semantic similarity (0.44)Fee: RM 3,000 processing + RM 1,000 annual per 500 km²Validity: 1 year (renewable annually)
Common requirements for most Malaysian businesses5
- Sales & Service Tax (SST) RegistrationIssued by Royal Malaysian Customs Department (RMCD)
- Signboard / Advertisement Licence (PBT)Issued by Local Authority (PBT)
- EPF / SOCSO / EIS Employer RegistrationIssued by KWSP (EPF), PERKESO (SOCSO), EIS
- LHDN Employer Tax (E) RegistrationIssued by Inland Revenue Board of Malaysia (LHDN/HASiL)
- Local Authority Business LicenceIssued by Local Authority (PBT)
Have Emerhub file every licence above for you
We'll prepare the forms, liaise with each agency and track approvals — bundled with Sdn Bhd setup. Agency fees are paid to the issuing authority; our service fee is quoted separately.
Get a quoteSource: MalaysiaBiz / BLESS licence catalog.
Governing legislation
Traced through the business licences these Acts govern.
Machine-identified from each Act's text — verify before relying on it.
Activity details
exploration services in connection with petroleum or gas extraction (e.g. traditional prospecting methods, such as making geological observations at prospective sites)
service activities performed by operators of oil or gas fields, see 0610, 0620. specialized repair of mining machinery, see 33120. liquefaction and regasification of natural gas for purpose of transport, done off the mine site, see 19201. geophysical, geologic and seismic surveying, see 71103
SST & Withholding Tax
Risk Level
e-Invoicing (MyInvois)
MSIC code 09101 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.