Southeast Asia Oil and Gas Upstream Development Trends and Forecast by Countries, Terrain, Facility Type and Companies, 2023-2027

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Southeast Asia Oil and Gas Market Report Overview

The Southeast Asia crude, condensate, and natural gas production was 4,861 mboed, and crude oil and condensate production is 1,617,071 bd in 2023. The announced projects are expected to see over double in capex in 2027. The relatively larger capex outlook most likely will originate from the identification of more projects in the announced phase. This is promising for the region, as economic growth continues at a rapid rate, thus demand for energy too. Furthermore, it is also a positive outlook for the region as it takes various steps to become less dependent on imports, which are heavily affected by market conditions. For example, the very high LNG prices caused by the Russia-Ukraine war.

The Southeast Asia oil and gas upstream development report provides a comprehensive overview of the region during the outlook period including major project counts by country, facility type, and terrains, as well as the latest project updates and companies involved with oil and gas development.

Key Countries ·        Indonesia

·        Malaysia

·        Vietnam

·        Brunei

·        Thailand

Key Terrains ·        Deep Water

·        Onshore

·        Shallow Water

·        Ultra-Deepwater

Key Facility Types ·        Wellhead Platform

·        Subsea Systems

·        Floating Production Storage and Offloading (FPSO)

·        Fixed Platform

·        FPU

·        FSO

·        Mobile Offshore Production Unit (MOPU)

Leading Companies ·        Petroliam Nasional Bhd

·        Vietnam National Oil and Gas Group

·        Shell plc

·        Chevron Corp

·        Exxon Mobil Corp

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Southeast Asia Oil and Gas Major Projects by Countries

The key countries associated with the Southeast Asia oil and gas projects are Indonesia, Malaysia, Vietnam, Brunei, and Thailand. Indonesia is expected to have the highest count of planned and announced projects to start operations from 2023 to 2027. It is followed by Malaysia and Vietnam.

Southeast Asia Oil and Gas Project Analysis by Countries, 2023-2027 (%)

Southeast Asia Oil and Gas Project Analysis by Countries, 2023-2027 (%)

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Southeast Asia Oil and Gas Major Projects by Terrains

The key terrains associated with Southeast Asia oil and gas projects are deep water, onshore, shallow water, and ultra-deep water. During 2023-2027, the highest count of upcoming projects belongs to the shallow water terrain. It is followed by the onshore terrain.

Southeast Asia Oil and Gas Major Project Analysis by Terrains, 2023-2027 (%)

Southeast Asia Oil and Gas Major Project Analysis by Terrains, 2023-2027 (%)

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Southeast Asia Oil and Gas Major Projects by Facility Type

The key facility types available among the Southeast Asia oil and gas major projects are wellhead platforms, subsea systems, floating production storage and offloading (FPSO), fixed platform, FPU, FSO, and Mobile Offshore Production Unit (MOPU). During the forecast period, most of the projects are expected to be developed with the wellhead platform.

Southeast Asia Oil and Gas Major Project Analysis by Facility Type, 2023-2027 (%)

Southeast Asia Oil and Gas Major Project Analysis by Facility Type, 2023-2027 (%)

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Southeast Asia Oil and Gas Market - Competitive Landscape

Some of the companies involved with oil and gas project development in Southeast Asia are:

  • Petroliam Nasional Bhd
  • Vietnam National Oil and Gas Group
  • Shell plc
  • Chevron Corp
  • Exxon Mobil Corp

Among the key companies, Petroliam Nasional Bhd is expected to be the top spender on its upcoming projects that are expected to start operations during 2023-2027. Vietnam National Oil and Gas Group and Shell plc follow in spending for the period 2023–2027.

Southeast Asia Oil and Gas Market Analysis by Oil and Gas Development Companies, 2023-2027 (%)

Southeast Asia Oil and Gas Market Analysis by Oil and Gas Development Companies, 2023-2027 (%)

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Scope

  • Southeast Asia oil and gas production outlook by key countries, and key companies for the period 2023-2027
  • Southeast Asia new projects capital expenditure outlook by key countries, key companies, field terrain, and facility type for 2023-2027
  • Major projects count by key countries, field terrain, and facility type
  • Details of key upcoming crude and natural gas projects in the region

Reasons to Buy

  • Understand Southeast Asia’s oil and gas production outlook during the period 2023-2027.
  • Keep abreast of key upcoming production projects in Southeast Asia during the outlook period.
  • Facilitate decision-making on the basis of strong oil and gas production data.
  • Develop business strategies with the help of specific insights on Southeast Asia’s upstream sector.
  • Assess your competitor’s planned oil and gas production projects in the region.

Table of Contents

  • 1. Overview
  • 2. Southeast Asia Development Trends

    • 2.1. Production Outlook
    • 2.2. Capex Outlook
    • 2.3. Development Outlook
    • 2.4. Major Project Count by Country
    • 2.5. Major Project Count by Terrain
    • 2.6. Major Project Count by Facility Type

  • 3. Oil Development Focus

    • 3.1. Crude & Condensate Production Outlook by Country
    • 3.2. Crude & Condensate Production Outlook by Company
    • 3.3. Upcoming Oil Projects

  • 4. Gas Development Focus

    • 4.1. Natural Gas Production Outlook by Country
    • 4.2. Natural Gas Production Outlook by Company
    • 4.3. Upcoming Gas Projects

  • 5. Expenditure Outlook

    • 5.1. New Project Expenditure Outlook by Country
    • 5.2. New Project Expenditure Outlook by Company
    • 5.3. New Project Expenditure Outlook by Field Terrain
    • 5.4. New Project Expenditure Outlook by Facility Type

  • 6. Appendix

    • 6.1. Abbreviations
    • 6.2. Methodology

      • 6.2.1. Coverage
      • 6.2.2. Secondary Research

  • 7. About GlobalData
  • 8. Contact Us

Table

Table 1: Production outlook from producing, planned, and announced projects (mboed), 2023-2027* 6

Table 2: Capex outlook from producing, planned and announced projects ($M), 2023-2027* 7

Table 3: Recoverable reserves (mmboe) from planned and announced projects by key countries, field terrain, and project count, 2023-2027 8

Table 4: Major planned and announced project starts by key countries, 2023-2027* 9

Table 5: Planned and announced projects of country by terrain, 2023-2027* 10

Table 6: Major planned and announced projects by facility type, 2023-2027* 11

Table 7: Crude and condensate production outlook by key countries (bd), 2023-2027 12

Table 8: Crude and condensate production outlook from planned and announced projects by key countries (bd), 2023-2027 14

Table 9: Crude and condensate production outlook by key companies (bd), 2023-2027 15

Table 10: Crude and condensate production outlook from planned and announced projects by key companies (bd), 2023-2027 17

Table 11: Key upcoming oil projects, 2023-2027 18

Table 12: Natural gas production outlook by key countries (mmcfd), 2023-2027 20

Table 13: Natural gas production outlook from planned and announced projects by country (mmcfd), 2023-2027 22

Table 14: Natural gas production outlook by key companies (mmcfd), 2023-2027 23

Table 15: Natural gas production outlook from planned and announced projects by key companies (mmcfd), 2023-2027 25

Table 16: Key upcoming gas projects, 2023-2027 26

Table 17: Capex outlook for major planned and announced projects by key countries ($M), 2023-2027* 31

Table 18: Capex outlook for major planned and announced projects by key companies ($M), 2023-2027* 32

Table 19: Capex outlook for major planned and announced projects by key companies ($M), 2023-2027* 33

Table 20: Capex outlook for major planned and announced projects by key countries ($M), 2023-2027* 34

Figures

Figure 1: Production outlook from producing, planned, and announced projects (mboed), 2023-2027* 6

Figure 2: Capex outlook from producing, planned, and announced projects ($M), 2023-2027 7

Figure 3: Recoverable reserves (mmboe) from planned and announced projects by key countries, field terrain, and project count, 2023-2027 8

Figure 4: Major planned and announced project starts by key countries, 2023-2027 9

Figure 5: Planned and announced projects of country by terrain, 2023-2027* 10

Figure 6: Planned and announced projects by facility type, 2023-2027* 11

Figure 7: Crude and condensate production outlook by key countries (bd), 2023-2027 12

Figure 8: Crude and condensate production outlook from planned and announced projects by key countries (bd), 2023-2027 13

Figure 9: Crude and condensate production outlook from planned and announced projects by key countries (bd), 2023-2027 13

Figure 10: Crude and condensate production outlook by key companies (bd), 2023-2027 15

Figure 11: Crude and condensate production outlook from planned and announced projects by key companies (bd), 2023-2027 16

Figure 12: Crude and condensate production outlook from planned and announced projects by key companies (bd), 2023-2027 16

Figure 13: Natural gas production outlook by key countries (mmcfd), 2023-2027 20

Figure 14: Natural gas production outlook from planned and announced projects by country(mmcfd), 2023-2027 21

Figure 15: Natural gas production outlook from planned and announced projects by country(mmcfd), 2023-2027 21

Figure 16: Natural gas production outlook by key companies (mmcfd), 2023-2027 23

Figure 17: Natural gas production outlook from planned and announced projects by key companies (mmcfd), 2023-2027 24

Figure 18: Natural gas production outlook from planned and announced projects by key companies (mmcfd), 2023-2027 24

Figure 19: Capex outlook for major planned and announced projects by key countries ($M), 2023-2027 31

Figure 20: Capex outlook for major planned and announced projects by key companies ($M), 2023-2027 32

Figure 21: Capex outlook for major planned and announced projects by field terrain ($M), 2023-2027 33

Figure 22: Capex outlook for major planned and announced projects by facility type ($M), 2023-2027 34

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