Crude Oil and Condensate Production โ - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Measured in thousand barrels daily, the dataset reflects domestic crude oil and condensate production from offshore and onshore fields, making it an important indicator of upstream energy activity, resource utilization, energy security, and hydrocarbon production performance.
Malaysia recorded crude oil and condensate production of 662 thousand barrels daily in 2015, increasing slightly to 667 thousand barrels daily in 2016 before easing to 660 thousand barrels daily in 2017. Production remained relatively stable at 653 thousand barrels daily in 2018 but declined to 610 thousand barrels daily in 2019. Output fell further to 556 thousand barrels daily in 2020 as operational challenges and lower investment affected production activities. Production continued to decrease to 511 thousand barrels daily in 2021 and 502 thousand barrels daily in 2022 before recovering marginally to 508 thousand barrels daily in 2023.
Overall, the dataset indicates a gradual long-term decline in Malaysia's crude oil and condensate production despite a modest improvement during the final year of the review period. The overall trend reflects the natural decline of mature oil fields, changing investment conditions, and continued efforts to optimize production from existing assets while supporting upstream development.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating upstream sector developments, and assessing long-term supply trends. It also supports energy market analysis, production forecasting, investment planning, and policy formulation. Researchers, policymakers, and industry stakeholders can use the information to evaluate production efficiency, resource management strategies, and future exploration opportunities while strengthening long-term planning across Malaysia's petroleum industry.