National OGSE Industry Blueprint
2021- 2030

The National OGSE Blueprint (OGSE Blueprint) 2021-2030 was launched in April 2021 by Minister in the Prime Minister’s Department (Economy) to develop a robust, resilient and globally-competitive Malaysian OGSE sector which contributes to the sustainable development of National priorities. 

The implementation and progress of the OGSE Blueprint is coordinated by Malaysia Petroleum Resources Corporation (MPRC), an agency under the supervision of the Ministry of Economy tasked with advancing the OGSE sector.

A robust, resilient, and globally competitive Malaysian OGSE sector which contributes to the sustainable development of National priorities

National OGSE Industry Blueprint’s Vision Statement

OGSE Indicators

Economic Indicator

GDP contribution

RM50 B
RM20-40 B

Industry profit-before-tax margin*

10%
~4%

Revenue per worker

RM1.4 M
RM1.2 M

Revenue per company*

RM60 M
~RM25 M

Exports as a proportion of total revenue

50%
32%

Proportion of listed companies in the industry*

2%
1%

Market share of SMEs*

Maximum of 10%
10%

Number of billion-ringgit companies

20
8

Technology Indicator

% of R&D expenditure by the OGSE sector out of total revenues

Increase 5% from 2025
N/A

Talent Indicator

Number of skilled and semi-skilled workers

60,000
57,000

Sustainability Indicator

Number of OGSE companies reporting sustainability practices

100% PLC
75% MTC
50% SME

32 (total companies)

Number of OGSE PLCs in the F4GBM Index  

9
6

Energy Transition Indicator

Proportion of revenues derived outside of O&G 

25%
12%

(Higher percentage is better)

Bumiputera Indicator

Pipeline of VDP graduates

60
30

Regional Balance Indicator

Total revenue for Sabah and Sarawak core OGSE companies

Increase 5x from baseline
RM6.4 B (2022)

XX Target end-state, 2030

XX Baseline based on 2019

XX Baseline (latest year available)

*Based on the 1,883 core OGSE companies in FY2024

31 recommendations have been identified to drive the OGSE industry

A. Industry-wide recommendations:
INDUSTRY LEVERS
  1. Government point of contact for OGSE
  2. Industry consolidation
  3. OGSE industry data depository
  4. Industry-wide guidance on global OGSE trends and best practices
  5. OGSE Company recognition
B. Technology development recommendations:
TECHNOLOGY LEVERS
  1. Applied R&D centres to bridge academia and industry
  2. R&D apprenticeship programme
  3. Secondment of local talent to foreign R&D centres
  4. Tech adoption financing, tax deductions, and tariff waivers
  5. Overseas researcher outreach programme
  6. In-shoring of R&D activities and high-value manufacturing from MNCs
  7. OGSE Intellectual Property (IP) marketplace
C. Talent development recommendations:
TALENT LEVERS
  1. Skilled worker retention programme
  2. OGSE career promotion
  3. Expansion of Engineering courses
  4. Expert mentorship from ex-OGSE talents
D. Export capabilities recommendations:
EXPORT LEVERS
  1. Orchestration of consortiums for OGSE players, with the facilitation of seed financing
  2. Grants and/or tax breaks to OGSE segments that are nearly export-ready
  3. Mitigation of export risk through debt collection, export risk insurance and arbitration
  4. Engagements with foreign government / National Oil Corporations in high-potential markets
  5. Energy Export Fund
E. Financial strength recommendations:
FINANCE LEVERS
  1. OGSE financing Centre of Excellence
  2. Financial management workshops
  3. Alternative financing platform for OGSE
  4. Special growth facility for nascent adjacencies
F. Bumiputera participation recommendations:
BUMIPUTERA LEVERS

1. Centralisation of OGSE Bumiputera assistance

Blueprint Dashboard

INITIATIVE OWNERS

Competitiveness

Economic Indicator

Key Indicator Latest figure
GDP contribution
  • RM39.4 B (2023)

(Source: Data referenced is based on FY2023, OGSE Census 2024)

Industry profit-before-tax margin
  • 10% (2024)

(Source: OGSE100 FY2024)

Revenue per worker
  • RM0.77 M (2024)
  • Based on the total revenue of 1,883 core OGSE companies over the total number of workers

(Total Revenue Source: OGSE100 FY2024)
(Total Number of Workers Source: OGSE Census 2024)
Note: The number of workers is delayed by 1 year based on 2023 data

Revenue per company
  • RM50.1 M (2024)
  • Based on the total revenue over the total number of 1,883 core OGSE companies

(Source: OGSE100 FY2024)

Exports as a proportion of total revenue
  • 53% (2023)

(Source: Data referenced is based on FY2023, OGSE Census 2024)

Proportion of listed companies in the industry
  • 1.3% (2024)

(Source: 25 listed OGSE companies identified from the OGSE100 FY2024)

Market share of SMEs
  • 10% (2024)

(Source: OGSE100 FY2024)

Number of billion-ringgit companies
  • 14 (2024)

(Source: OGSE100 FY2024)

Technology Indicator

Key Indicator Latest figure
% of R&D expenditure by the OGSE sector out of total revenues
  • 0.02% (2023)

(Source: Data referenced is based on FY2023, OGSE Census 2024)

Talent Indicator

Key Indicator Latest figure
Number of skilled and semi-skilled workers
  • 108,600 (2023)

(Source: Data referenced is based on FY2023, OGSE Census 2024)

Sustainability Indicator

Key Indicator Latest figure
Number of OGSE companies reporting sustainability practices
  • 89 companies (2024)

(Source: OGSE100 FY2024)

Number of OGSE PLCs in F4GBM Index
  • 9 companies (2024)

(Source: OGSE100 FY2024, Bursa)

Energy Transition Indicator

Key Indicator Latest figure
Proportion of revenues derived outside of O&G

Not Available
(Source: Data referenced is based on FY2023, OGSE Census 2024)

Bumiputera Indicator

Key Indicator Latest figure
Pipeline of VDP graduates
  • 75 (March 2025)

(Source: PETRONAS)

Regional Balance Indicator

Key Indicator Latest figure
Total revenue for Sabah and Sarawak core OGSE companies
  • RM9.1 B (2024)

(Source: OGSE100 FY2024)