GlobalData’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’, indicates that a total of 47 crude and natural gas projects are expected to start operations in six countries in Southeast Asia during 2018 to 2025.
Among these, 22 represents the number of planned projects with identified development plans and 25 represents the number of early-stage announced projects that are undergoing conceptual studies and that are expected to get approved for development.
The key projects in the Southeast Asia are expected to contribute about 197 thousand barrels of oil per day (mbd) of global crude production and about 8,219 million cubic feet per day (mmcfd) of global gas production.
In terms of number of planned oil and gas projects, Malaysia leads among countries with nine projects, with Indonesia and Vietnam following 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.
Major planned and announced projects count and capex by country in Southeast Asia, 2018–2025
Source: Upstream Analytics. © GlobalData
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 has interest in three early-stage projects, followed by Petronas and Eni 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 $3.4 billion, $2.0 billion, and $1.6 billion, respectively. On announced projects, Petroliam Nasional Berhad, Royal Dutch Shell Plc, and Exxon Mobil Corp have the highest capex with $8.4 billion, $7.3 billion, and $4.9 billion, respectively.