This work presents a new formulation for conducting bodies of revolution (BOR) in layered media. It is derived using magnetic field integral equation (MFIE). The discrete complex image method is used to transform the Sommerfeld integrals into closed form solutions. For large closed objects, the use of the magnetic field formulation is shown to be more advantageous than the electric field integral equation (EFIE) concerning the convergence of the solution. The obtained formulation is applied to the contiguous half-spaces case. Results of both the magnetic and electric field integral equation formulations are presented.