Indonesia and Malaysia Lead in Upcoming Oil and Gas Projects Count in Southeast Asia to 2025, Says GlobalData

Posted by OilVoice Press - OilVoice


A total of 47 crude and natural gas projects are slated to commence operations in six countries across Southeast Asia over the period 2018 to 2025. Among the countries, Malaysia and Indonesia are set to lead in terms of planned and announced oil and gas projects during the forecast period, says leading data and analytics company GlobalData.

Of the total crude and natural gas projects, 22 are planned projects with identified development plans and 25 are early-stage announced projects that are undergoing conceptual studies and that are expected to get approved for development.

The company's latest report, ‘Q2 2018 Quarterly Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia – Indonesia and Malaysia Lead in Upcoming Projects Count' reveals that the planned and announced projects are expected to contribute around 197,000 barrels of oil per day (mbd) of global crude production and approximately 8,219 million cubic feet per day (mmcfd) of global gas production by 2025.

Jonathan Markham, Oil & Gas analyst at GlobalData explains: “Natural gas fields are the main focus of upcoming projects in South East Asia, but despite some pickup in the number of projects receiving sanction over the past 12 months, the key developments that will drive production and capex growth, such as Abadi and Gendalo-Gehem are yet to be approved.”

With nine planned oil and gas projects, Malaysia leads among countries, followed by Indonesia and Vietnam with eight and three projects, respectively. Indonesia leads in terms of announced projects with 10, followed by Malaysia and Vietnam with nine and five, respectively.


IMAGE FOR PUBLICATION – Please click this link for the chart: ‘Major Planned and Announced Projects Count and Capex by Country in Southeast Asia'

Among operators, Sapura Energy Berhad and PETRONAS Carigali Sdn Bhd lead with the highest operatorship with two planned projects each, all being natural gas projects. Eni SpA follows with one planned natural gas project. 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.

Among companies, Petroliam Nasional Berhad, PT Pertamina (Persero) and Royal Dutch Shell Plc have the highest capex on planned projects with US$3.4b, US$2bn and US$1.6bn, respectively. On announced projects, Petroliam Nasional Berhad, Royal Dutch Shell Plc, and Exxon Mobil Corp have the highest capex with US$8.4bn, US$7.3bn and US$4.9bn, respectively.

IndonesiaMalaysiaOilgasGlobalDatanatural gasCrude

More items from oilvoice

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice

Posted 3 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice

Posted 3 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice

Posted 3 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice

Posted 3 months agoPress > TotalDividend

Methyl Tertiary Butyl Ether Capacity Will Grow at a CAGR of 16.8% in India Over Next Four Years, says GlobalData

India's Methyl Tertiary Butyl Ether (MTBE) plant capacity is forecasted to grow at a compound annual growth rate (CAGR) of 16.8% from 0.211 million tons per annum (mtpa) in 2017 to 0.460 mtpa in 2022, according to GlobalData , a leading data and analytics company. The company's report: ‘ Met ...

OilVoice Press - OilVoice

Posted 3 months agoOpinion > GlobalDataIndiaMTBE
All posts from oilvoice