Thursday, November 07, 2013

SLIDE PRESENTATION: Research Proposal

SLIDE PRESENTATION: Research Proposal

A. Introduction

(1). Malaysia as the producer and consumer of energy
(2). Energy supply profile of Malaysia (longitudinal; sources of supply; indigenous VS imports)
(3). Major trends and lessons learnt and New Realities that lead to Future Concerns

B. Resource Curse VS Efficiency/Effectiveness

(1). Can Malaysia be considered as experiencing Resource Curse phenomena? (cursory literature survey)
Does it guarantee that it would not experience Resource Curse in the future? New Realities and institutional dynamics.

(2). What have been the KSF in the recent past?
Institutional linkages - symbiotic roles between PETRONAS and the Government through PDA 1974
Transition from Concession to PSC system
Continuous investment in long term income-generating assets tha lead to economic diversification within a short time period.


C. Statement of Problem

Whilst Malaysia may have fared well in the past in the management of its oil and gas resources, will it sustain the performance in supporting the national economy, given the new realities?

The issues lie squarely on the future strategic risks that shall be faced by the country. The focus shall be on the risks that are strategic in nature. Other risks that are operational should be effectively dealt with once the strategic risks are adequately mitigated.

These confluence of issues affect the long term survival of the national economy on how best it could harness its declining resource availability for the development of the economy.

The more pertinent questions on the problem statement are as follows:

(a). Since the new realities are long term and permanent in nature - not transient - then what are the economic and policy implication especially on the significance of oil and gas industry to the country?

(b). What are the first best policy options that are available to the nation to mitigate the impact of the new realities? How should various major stakeholders in the economy prepare themselves to face the impending risks?

(c). Is the current oil and gas industry structure is robust enough to meet these challenges? Should there be a revamp of PDA 1974 to ensure the policy recommendations are accommodated? Should PETRONAS change its roles in spearheading the development of oil and gas industry in Malaysia?


RESEARCH METHODOLOGY

The research will be undertaken through the political economy analysis.

Specific statistical anayses will be utilised to support, substantiate and corroborate the analyses: (i) institutional linkages and anayses especially on the oil and gas as well as energy industry structures; and (ii) statistical trending analyses to elucidate longitudinal trending especially on demand profiling.

WHY do you adopt political economic analysis?
WHY do you not utilise econometric analyses?
WHY an economic model is not developed?


PROPOSED TABLE OF CONTENT

Chapter 1: INTRODUCTION

Contextualisation and Problem Statement
Objectives and Significance of the Study
Structure of the Thesis

Chapter 2: LITERATURE REVIEW

Studies on energy/petroleum sectors in Malaysia
Key focuses of these studies
Studies on the fiscal terms of upstream sectors
Resource curse literature review (global/Malaysia)
Key research centres

Chapter 3: A MACRO OVERVIEW OF THE OIL AND GAS INDUSTRY IN MALAYSIA