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 10.21% to reach 0.52mmbpd. 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, Indonesia had the highest crude oil production at 0.49mmbpd, followed by Malaysia at 0.47mmbpd and Vietnam at 0.19mmbpd Here are the 10 largest crude oil fields in South East Asia by production in 2022, according to GlobalData’s Oil & Gas, Upstream Fields Database.
1. Banyu Urip Complex
Banyu Urip Complex is located in East Java, Indonesia. This oil field is owned by Exxon Mobil (45%), PT Asri Dharma Sejahtera (4.50%), PT Blora Patragas Hulu (2.20%), PT Pertamina (Persero) (45%), 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 13.69% of the total South East Asia daily crude oil and condensate output and it is expected to recover 528mmbbl of crude oil and condensate. Buy the profile here.
2. Rokan PSC
Rokan PSC is located in Riau, Indonesia. This oil field is owned by PT Pertamina (Persero) (100%) 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 10.66% of the total South East Asia daily crude oil and condensate output and it is expected to recover 312.19mmbbl of crude oil and condensate. Buy the profile here.
3. Gumusut-Kakap
Gumusut-Kakap is located in Sabah, Malaysia. This oil field is owned by ConocoPhillips (29.05%), Petroliam Nasional Bhd (16.80%), PT Pertamina (Persero) (2.70%), PTT Public Co (6.40%), Shell (29.05%) and operated by Shell Malaysia. The field produced 0.09mmbpd in 2022 and recovered 66.05% of its total recoverable crude oil and condensate reserves, with peak production in 2016. The peak production was approximately 0.16mmbpd 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 6.64% of the total South East Asia daily crude oil and condensate output and it is expected to recover 199.72mmbbl of crude oil and condensate. Buy the profile here.
4. Champion Complex
Champion Complex is located in South China Sea, Brunei. This oil field is owned by Government of Brunei Darussalam (50%), Shell (50%) and operated by Brunei Shell Petroleum Company. The field produced 0.07mmbpd in 2022 and recovered 75.77% of its total recoverable crude oil and condensate reserves, with peak production in 2006. The peak production was approximately 0.12mmbpd 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 5.27% of the total South East Asia daily crude oil and condensate output and it is expected to recover 410.3mmbbl of crude oil and condensate. Buy the profile here.
5. Su Tu (Lion)
Su Tu (Lion) is located in South China Sea, Vietnam. This oil field is owned by Geopetrol (3.50%), Korea National Oil (14.25%), Perenco Holdings (23.25%), SK Innovation Co (9%), Vietnam National Oil and Gas Group (50%) and operated by Cuu Long Joint Operating Co. The field produced 0.06mmbpd in 2022 and recovered 67.44% of its total recoverable crude oil and condensate reserves, with peak production in 2009. The peak production was approximately 0.09mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 4.05% of the total South East Asia daily crude oil and condensate output and it is expected to recover 195.21mmbbl of crude oil and condensate. Buy the profile here.
6. Malikai
Malikai is located in Sabah, Malaysia. This oil field is owned by ConocoPhillips (35%), Petroliam Nasional (30%), Shell (35%) and operated by Shell Malaysia. The field produced 0.05mmbpd in 2022 and recovered 45.61% of its total recoverable crude oil and condensate reserves, with peak production in 2018. The peak production was approximately 0.07mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. The field currently accounts for approximately 4.03% of the total South East Asia daily crude oil and condensate output and it is expected to recover 134.74mmbbl of crude oil and condensate. Buy the profile here.
7. Bach Ho (White Tiger) and Rong (Dragon)
Bach Ho (White Tiger) and Rong (Dragon) is located in South China Sea, Vietnam. This oil field is owned by Vietnam National Oil and Gas Group (51%), Zarubezhneft (49%) and operated by Vietsovpetro. The field produced 0.05mmbpd in 2022 and recovered 95.08% of its total recoverable crude oil and condensate reserves, with peak production in 2001. The peak production was approximately 0.28mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2033. The field currently accounts for approximately 3.77% of the total South East Asia daily crude oil and condensate output and it is expected to recover 93.32mmbbl of crude oil and condensate. Buy the profile here.
8. Offshore North West Java PSC
Offshore North West Java PSC is located in Java Sea, Indonesia. This oil field is owned by PT Migas Hulu Jabar (10%), PT Pertamina (Persero) (90%) and operated by Pertamina Hulu Energi. The field produced 0.03mmbpd in 2022 and recovered 88.32% of its total recoverable crude oil and condensate reserves, with peak production in 1984. The peak production was approximately 0.18mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2055. The field currently accounts for approximately 2.39% of the total South East Asia daily crude oil and condensate output and it is expected to recover 204.25mmbbl of crude oil and condensate. Buy the profile here.
9. Sirikit
Sirikit is located in Kamphaeng Phet, Thailand. This oil field is owned by PTT Public Co (100%) and operated by PTTEP Siam. The field produced 0.03mmbpd in 2022 and recovered 92.75% of its total recoverable crude oil and condensate reserves, with peak production in 2013. The peak production was approximately 0.03mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2064. The field currently accounts for approximately 2.02% of the total South East Asia daily crude oil and condensate output and it is expected to recover 25.02mmbbl of crude oil and condensate. Buy the profile here.
10. Bokor
Bokor is located in Sarawak, Malaysia. This oil field is owned by Petroleum Sarawak (40%), Petroliam Nasional (60%) and operated by PETRONAS Carigali International. The field produced 0.03mmbpd in 2022 and recovered 80.67% of its total recoverable crude oil and condensate reserves, with peak production in 1990. The peak production was approximately 0.03mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2044. The field currently accounts for approximately 1.84% of the total South East Asia daily crude oil and condensate output and it is expected to recover 78.65mmbbl 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.
