Oil and gas field fire fighting services
Oil and gas field fire fighting services
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
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.
Activity details
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 09102 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.