Market Research Report
H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia - Indonesia and Malaysia Lead in Oil and Gas Production
|Published by||GlobalData||Product code||557345|
|Published||Content info||45 Pages
Delivery time: 1-2 business days
|H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia - Indonesia and Malaysia Lead in Oil and Gas Production|
|Published: May 1, 2019||Content info: 45 Pages||
In Southeast Asia, a total of 54 crude and natural gas projects are expected to start operations in six countries during 2019-2025. Among these, 25 represent the number of planned projects with identified development plans and 29 represent the number of early-stage announced projects that are undergoing conceptual studies and that are expected to get approved for development.
Key projects in Southeast Asia are expected to contribute about 223 thousand barrels of oil per day (mbd) to global crude production and about 8.1 billion cubic feet per day (bcfd) to global gas production in 2025. Among operators, SapuraKencana Energy Sarawak, PETRONAS Carigali Sdn Bhd and Eni SpA lead in terms of operatorship of planned and announced projects.
Among the countries, Indonesia accounts for highest number of upcoming crude and natural gas projects with 13 planned and 14 early-stage announced projects. Malaysia comes second with 18 upcoming projects - nine each in planned and announced stage. Vietnam follows with six upcoming projects, expected to come online by 2025. Cambodia, Thailand and Myanmar are the other countries in Southeast Asia with one upcoming project each.
The start of production of major crude oil projects such as Ande Ande Lumut and E6, and gas projects such as Abadi and Pegaga is set to drive oil and gas production in both Indonesia and Malaysia during the outlook period. Indonesia and Malaysia will contribute around 80% of the Southeast Asia's total crude production from eight planned and announced projects in 2025.
The report "H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia - Indonesia and Malaysia Lead in Oil and Gas Production", also reveals that besides crude production, Indonesia and Malaysia will also contribute more than 70% of Southeast Asia's total natural gas production from planned and announced projects in 2025.