The total crude oil and condensate production of Asia in 2022 was 5.81mmbpd, a decrease of 0.48% when compared to 2021. The largest oil-producing countries in Asia are China, India and Indonesia. Through to 2030, annual crude oil and condensate production is forecasted to decrease by a CAGR of 5.08% to reach 3.64mmbpd. 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.
In 2022, China had the highest crude oil production at 3.87mmbpd, followed by India at 0.54mmbpd and Indonesia at 0.49mmbpd. Here are the 10 largest crude oil fields in Asia by production in 2022, according to GlobalData’s Oil & Gas, Upstream Fields Database.
1. Daqing (PetroChina)
Daqing (PetroChina) is located in Heilongjiang, China. This oil field is owned by China National Petroleum (100.00%) and operated by Daqing Oilfield Co. The field produced 0.6mmbpd in 2022 and recovered 87.72% of its total recoverable crude oil and condensate reserves, with peak production in 1994. The peak production was approximately 1.13mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2042. The field currently accounts for approximately 10.26% of the total Asia daily crude oil and condensate output and it is expected to recover 2,562.44mmbl of crude oil and condensate. Buy the profile here.
2. Changqing (PetroChina)
Changqing (PetroChina) is located in Shaanxi, China. This oil field is owned by China National Petroleum (100.00%) and operated by PetroChina Changqing Oilfield Co. The field produced 0.51mmbpd in 2022 and recovered 35.45% of its total recoverable crude oil and condensate reserves, with peak production in 2035. The peak production will be approximately 0.53mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2066. The field currently accounts for approximately 8.72% of the total Asia daily crude oil and condensate output and it is expected to recover 5,474.17mmbl of crude oil and condensate. Buy the profile here.
3. Shengli
Shengli is located in Shandong, China. This oil field is owned by ACEN (8.57%), China Petrochemical (65.70%), Frontier Oil (25.72%) and operated by Sinopec Shengli Oilfield Co. The field produced 0.46mmbpd in 2022 and recovered 60.26% of its total recoverable crude oil and condensate reserves, with peak production in 1996. The peak production was approximately 0.58mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2062. The field currently accounts for approximately 7.88% of the total Asia daily crude oil and condensate output and it is expected to recover 3,343mmbl of crude oil and condensate. Buy the profile here.
4. Xinjiang (PetroChina)
Xinjiang (PetroChina) is located in Xinjiang, China. This oil field is owned by China National Petroleum (100.00%) and operated by PetroChina Co. The field produced 0.28mmbpd in 2022 and recovered 56.43% of its total recoverable crude oil and condensate reserves, with peak production in 2026. The peak production will be approximately 0.32mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 4.89% of the total Asia daily crude oil and condensate output and it is expected to recover 1,548.54mmbl of crude oil and condensate. Buy the profile here.
5.Yanchang
Yanchang is located in Shaanxi, China. This oil field is owned by Shaanxi Yanchang Petroleum (Group) Co (100.00%) and operated by Yanchang Oilfield Corp. The field produced 0.23mmbpd in 2022 and recovered 45.58% of its total recoverable crude oil and condensate reserves, with peak production in 2014. The peak production was approximately 0.26mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 3.96% of the total Asia daily crude oil and condensate output and it is expected to recover 1,949.27mmbl of crude oil and condensate. Buy the profile here.
6. Mumbai High
Mumbai High is located in Arabian Sea, India. This oil field is owned by Oil and Natural Gas Corp (100.00%) and operated by Oil and Natural Gas Corp. The field produced 0.23mmbpd in 2022 and recovered 82.98% of its total recoverable crude oil and condensate reserves, with peak production in 1989. The peak production was approximately 0.4mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2037. The field currently accounts for approximately 3.93% of the total Asia daily crude oil and condensate output and it is expected to recover 912.86mmbl of crude oil and condensate. Buy the profile here.
7. Liaohe
Liaohe is located in Liaoning, China. This oil field is owned by China National Petroleum (100.00%) and operated by PetroChina Co. The field produced 0.21mmbpd in 2022 and recovered 60.22% of its total recoverable crude oil and condensate reserves, with peak production in 1995. The peak production was approximately 0.31mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 3.67% of the total Asia daily crude oil and condensate output and it is expected to recover 1,547.98mmbl of crude oil and condensate. Buy the profile here.
8. Banyu Urip Complex
Banyu Urip Complex is located in East Java, Indonesia. This oil field is owned by Exxon Mobil (45.00%), PT Asri Dharma Sejahtera (4.50%), PT Blora Patragas Hulu (2.20%), PT Pertamina (Persero) (45.00%), PT Petro Gas Jatim Utama Cendana (2.20%), PT Sarana Patra Hulu Cepu (1.10%) and operated by PT Pertamina EP Cepu. The field produced 0.19mmbpd in 2022 and recovered 52.58% of its total recoverable crude oil and condensate reserves, with peak production in 2021. The peak production was approximately 0.22mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 3.21% of the total Asia daily crude oil and condensate output and it is expected to recover 528mmbl of crude oil and condensate. Buy the profile here.
9. Rokan PSC
Rokan PSC is located in Riau, Indonesia. This oil field is owned by PT Pertamina (Persero) (100.00%) and operated by PT Pertamina Hulu Rokan. The field produced 0.15mmbpd in 2022 and recovered 97.38% of its total recoverable crude oil and condensate reserves, with peak production in 1973. The peak production was approximately 0.94mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2035. The field currently accounts for approximately 2.50% of the total Asia daily crude oil and condensate output and it is expected to recover 312.19mmbl of crude oil and condensate. Buy the profile here.
10. Xibei
Xibei is located in Xinjiang, China. This oil field is owned by China Petrochemical (100.00%) and operated by China Petroleum & Chemical. The field produced 0.14mmbpd in 2022 and recovered 52.49% of its total recoverable crude oil and condensate reserves, with peak production in 2026. The peak production will be approximately 0.14mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 2.35% of the total Asia daily crude oil and condensate output and it is expected to recover 800.97mmbl of crude oil and condensate. Buy the profile here.
For more details on the upstream fields, buy the profiles here.
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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.
