The total Oil & Gas production of Asia decreased by 0.48% in 2021-2022. The largest oil-producing countries in Asia are China, India and Indonesia. Through to 2030, annual Oil & Gas production is forecasted to decrease by a CAGR of 4.21%. GlobalData uses proprietary data and analytics to provide a complete picture of the total Asia oil & gas fields segment. Buy the oil and gas fields profiles here.
Here are the 10 largest upcoming crude oil fields by reserves in Asia, according to GlobalData’s Oil & Gas, Upstream Fields Database.
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1. Lufeng 12-3
Lufeng 12-3 is located in South China Sea, China. This crude oil field is owned by China National Offshore Oil, SK Innovation Co and operated by SK Innovation Co. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025, approximately at the rate of 0.10mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2081. Buy the profile here.
2. Cluster IIA
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Cluster IIA is located in Bay of Bengal, India. This crude oil field is owned by Oil and Natural Gas Corp and operated by Oil and Natural Gas Corp. Production from this field is expected to begin in 2023 and is forecasted to peak in 2024, approximately at the rate of 0.08mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2034. Buy the profile here.
3. 15/33
15/33 is located in South China Sea, China. This crude oil field is owned by Cenovus Energy, China National Offshore Oil and operated by China National Offshore Oil. Production from this field is expected to begin in 2024 and is forecasted to peak in 2026, approximately at the rate of 0.02mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2069.
4. Qinhuangdao 29-2/29-2E
Qinhuangdao 29-2/29-2E is located in Bohai Bay, China. This crude oil field is owned by China National Offshore Oil and operated by CNOOC. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025, approximately at the rate of 0.01mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2064.
5. Huizhou 26-6
Huizhou 26-6 is located in South China Sea, China. This crude oil field is owned by China National Offshore Oil and operated by CNOOC. Production from this field is expected to begin in 2028 and is forecasted to peak in 2030, approximately at the rate of 0.03mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2058.
6. D-31
D-31 is located in Arabian Sea, India. This crude oil field is owned by Antelopus Energy and operated by Arch Softwares. Production from this field is expected to begin in 2023 and is forecasted to peak in 2024, approximately at the rate of 0.02mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049. Buy the profile here.
7. Bozhong 8-4
Bozhong 8-4 is located in Bohai Bay, China. This crude oil field is owned by China National Offshore Oil and operated by CNOOC. Production from this field is expected to begin in 2025 and is forecasted to peak in 2027, approximately at the rate of 0.02mbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2067.
8. Ande Ande Lumut
Ande Ande Lumut is located in Natuna Sea, Indonesia. This crude oil field is owned by Mitsui & Co, Santos and operated by Mitsui & Co. Production from this field is expected to begin in 2024 and is forecasted to peak in 2025, approximately at the rate of 0.02mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049. Buy the profile here.
9. Lufeng 7-1
Lufeng 7-1 is located in East China Sea, China. This crude oil field is owned by China National Offshore Oil and operated by CNOOC. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025, approximately at the rate of 0.01mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2071.
10. Salman
Salman is located in South China Sea, Brunei. This crude oil field is owned by Government of Brunei Darussalam, Shell and operated by Brunei Shell Petroleum Company. Production from this field is expected to begin in 2024 and is forecasted to peak in 2004, approximately at the rate of 0.02mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. Buy the profile here.
For more details on the upstream fields, buy the profiles here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
