The total Crude oil and condensate production of South East Asia in 2022 was 1.36mmbpd, a decrease of 5.84% when compared to 2021. The largest oil-producing countries in Asia are Indonesia, Malaysia and Vietnam. Through to 2030, annual crude oil and condensate production is forecasted to decrease by a CAGR of 8.89% to reach 0.59mmbpd. GlobalData uses proprietary data and analytics to provide a complete picture of the total Asia oil & gas fields segment. Buy the latest oil & gas fields profiles here.
Here are the 10 largest upcoming crude oil fields by reserves in South East Asia, according to GlobalData’s Oil & Gas, Upstream Fields Database.
1. Ande Ande Lumut
Ande Ande Lumut is located in Natuna Sea, Indonesia. This crude oil field is owned by Mitsui & Co (50.00%), Santos Ltd (50.00%) 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 9.04mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049. The project is expected to have recoverable reserves of 80.45mmbbl of crude oil and condensate. Buy the profile here.
2. Salman
Salman is located in South China Sea, Brunei. This crude oil field is owned by Government of Brunei Darussalam (50.00%), Shell (50.00%) and operated by Brunei Shell Petroleum Company Sdn. Production from this field is expected to begin in 2024 and is forecasted to peak in 2004, approximately at the rate of 36.79mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. The project is expected to have recoverable reserves of 61.53mmbbl of crude oil and condensate. Buy the profile here.
3. Kinh Ngu Trang
Kinh Ngu Trang is located in South China Sea, Vietnam. This crude oil field is owned by Vietnam National Oil and Gas Group (50.40%), Zarubezhneft (49.60%) and operated by Vietsovpetro. Production from this field is expected to begin in 2024 and is forecasted to peak in 2025, approximately at the rate of 4.38mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2041. The project is expected to have recoverable reserves of 50.28mmbbl of crude oil and condensate. Buy the profile here.
4. Kinh Ngu Trang Nam
Kinh Ngu Trang Nam is located in South China Sea, Vietnam. This crude oil field is owned by Vietnam National Oil and Gas Group (50.40%), Zarubezhneft (49.60%) and operated by Vietsovpetro. Production from this field is expected to begin in 2024 and is forecasted to peak in 2025, approximately at the rate of 4.38mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2041. The project is expected to have recoverable reserves of 50.28mmbbl of crude oil and condensate. Buy the profile here.
5. Bestari
Bestari is located in Sabah, Malaysia. This crude oil field is owned by Inpex (27.50%), Japan Oil, Gas and Metals National (13.46%), JX Nippon Oil & Gas Exploration (14.04%), Petroliam Nasional (25.00%), PT Medco Daya Abadi Lestari (20.00%) and operated by PETRONAS Carigali International Sdn. Production from this field is expected to begin in 2027 and is forecasted to peak in 2029, approximately at the rate of 5.62mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. The project is expected to have recoverable reserves of 50.15mmbbl of crude oil and condensate. Buy the profile here.
6. Irong
Irong is located in Terengganu, Malaysia. This crude oil field is owned by Petroliam Nasional (100.00%) and operated by Vestigo Petroleum Sdn. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025, approximately at the rate of 2.98mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2066. The project is expected to have recoverable reserves of 45.16mmbbl of crude oil and condensate. Buy the profile here.
7. Buffalo (Re-Development)
Buffalo (Re-Development) is located in Timor Sea, Timor-Leste. This crude oil field is owned by Beacon Energy (50.00%), Carnarvon Energy (50.00%) and operated by Carnarvon Petroleum Timor Unipessoal. Production from this field is expected to begin in 2024 and is forecasted to peak in 2024, approximately at the rate of 10.96mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2034. The project is expected to have recoverable reserves of 38.88mmbbl of crude oil and condensate. Buy the profile here.
8. Sabar
Sabar is located in Jambi, Indonesia. This crude oil field is owned by China National Petroleum (42.85%), Petroliam Nasional (42.85%), PT Pertamina (Persero) (14.30%) and operated by PetroChina International Jabung. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025, approximately at the rate of 0.69mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2042. The project is expected to have recoverable reserves of 5.46mmbbl of crude oil and condensate. Buy the profile here.
9. Lac Da Vang
Lac Da Vang is located in South China Sea, Vietnam. This crude oil field is owned by Murphy Oil (40.00%), SK Innovation Co (25.00%), Vietnam National Oil and Gas Group (35.00%) and operated by Murphy Cuu Long Bac Oil Co. Production from this field is expected to begin in 2025 and is forecasted to peak in 2026, approximately at the rate of 3.21mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. The project is expected to have recoverable reserves of 27.03mmbbl of crude oil and condensate. Buy the profile here.
10. Rossukon
Rossukon is located in Gulf of Thailand, Thailand. This crude oil field is owned by Northern Gulf Petroleum Pte (14.25%), Tap Oil (42.75%), Valeura Energy (43.00%) and operated by KrisEnergy (Gulf of Thailand). Production from this field is expected to begin in 2023 and is forecasted to peak in 2025, approximately at the rate of 1.83mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2040. The project is expected to have recoverable reserves of 12.61mmbbl of crude oil and condensate. Buy the profile here.
For more details on the upstream fields, buy the profiles here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
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.
