Quarterly Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia – Indonesia at the Forefront in Capex Spending
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In Southeast Asia, more than 40 key crude oil and natural gas projects are expected to start operations by 2025. Indonesia leads with the highest number of planned projects, followed by Malaysia and Vietnam. Malaysia leads in terms of announced projects, followed by Indonesia and Vietnam. Key projects in Southeast Asia are expected to contribute up to 190 mbd to global crude production and more than 8,400 mmcfd to global gas production in 2025. Among operators, Sapura Energy Berhad, Husky-CNOOC Madura Limited and PETRONAS Carigali Sdn Bhd lead in terms of operatorship of planned and announced projects
Scope
Oil and gas production outlook by key countries and companies in Southeast Asia
Planned projects count and starts by key countries and companies in the region
Details of key planned crude and natural gas projects in Southeast Asia
Capex and opex outlook by key countries and companies in the region
Key Highlights
A total of 46 crude and natural gas projects are expected to start operations in four countries in Southeast Asia during 2018 to 2025. Among these, 26 represent the number of planned projects with identified development plans and 20 represent the number of early-stage announced projects that are undergoing conceptual studies and that are expected to get approved for development.
• In 2025, key projects in Southeast Asia are expected to contribute about 191 thousand barrels of oil per day (mbd) of global crude production and about 8,462 million cubic feet per day (mmcfd) of global gas production.
• In terms of number of planned oil and gas projects, Indonesia leads among countries with 10 projects, with Malaysia and Vietnam following with eight and seven projects, respectively. Malaysia leads in terms of announced projects with 10, followed by Indonesia and Vietnam with nine and one respectively.
• Among operators, both Sapura Energy Berhad and Husky-CNOOC Madura Limited lead with the highest operatorship with three planned projects each, all being natural gas projects. PETRONAS Carigali Sdn Bhd follows with two planned natural gas projects.
• In terms of announced projects, Sapura Energy Berhad has interest in three early-stage projects, followed by PETRONAS Carigali Sdn Bhd and Eni SpA with one project each.
• Proposed capital expenditure (capex) of US$28.8 billion is expected to be spent between 2018 and 2025 to bring the planned projects online in the Southeast Asia, and US$44.6 billion expected to be spent on key announced projects.
• Among countries, Vietnam, Malaysia, and Indonesia are expected to be the highest capex spenders on key planned projects with about US$12.6 billion, US$7.7 billion, and US$6.4 billion, respectively, during 2018–2025.
• With early-stage projects, Indonesia leads with a capex of US$28.4 billion, followed by Malaysia with US$15.6 billion.
• Among companies, ExxonMobil Corporation, Vietnam National Oil and Gas Group, and Petroliam Nasional Berhad have the highest level of spending on planned projects with US$5.6 billion, US$4.7 billion, and US$3.1 billion, respectively.
• The highest level of spending on early-stage announced projects is by Petroliam Nasional Berhad, Royal Dutch Shell Plc, and Inpex Corporation with US$9 billion, US$8.8 billion, and US$5.5 billion spent on capex, respectively.
Reasons to Buy
Understand oil and gas production outlook for the Southeast Asia
Keep abreast of key planned production projects in the region
Facilitate decision making on the basis of strong oil and gas production forecast
Develop business strategies with the help of specific insights on Southeast Asia production and capex outlook
Assess your competitor’s planned oil and gas production projects in the region
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