The total Crude oil and condensate production of South East Asia in 2022 decreased 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%. 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.

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1. Ande Ande Lumut

Ande Ande Lumut is located in Natuna Sea, Indonesia. This crude oil field is owned by Mitsui & Co, Santos Ltd and operated by Mitsui & Co. Production from this field is expected to begin in 2024 and is forecasted to peak in 2025. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049. 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, Shell 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. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. 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, Zarubezhneft and operated by Vietsovpetro. Production from this field is expected to begin in 2024 and is forecasted to peak in 2025. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2041. 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, Zarubezhneft and operated by Vietsovpetro. Production from this field is expected to begin in 2024 and is forecasted to peak in 2025. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2041. Buy the profile here.

5. Bestari

Bestari is located in Sabah, Malaysia. This crude oil field is owned by Inpex, Japan Oil, Gas and Metals National, JX Nippon Oil & Gas Exploration, Petroliam Nasional, PT Medco Daya Abadi Lestari and operated by PETRONAS Carigali International Sdn. Production from this field is expected to begin in 2027 and is forecasted to peak in 2029. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. Buy the profile here.

6. Irong

Irong is located in Terengganu, Malaysia. This crude oil field is owned by Petroliam Nasional and operated by Vestigo Petroleum Sdn. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2066. 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, Carnarvon Energy and operated by Carnarvon Petroleum Timor Unipessoal. Production from this field is expected to begin in 2024 and is forecasted to peak in 2024. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2034. Buy the profile here.

8. Sabar

Sabar is located in Jambi, Indonesia. This crude oil field is owned by China National Petroleum, Petroliam Nasional, PT Pertamina (Persero) and operated by PetroChina International Jabung. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2042. 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, SK Innovation Co, Vietnam National Oil and Gas Group 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. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. 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, Tap Oil, Valeura Energy and operated by KrisEnergy (Gulf of Thailand). Production from this field is expected to begin in 2023 and is forecasted to peak in 2025. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2040. 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.