The total oil and gas production of South East Asia in 2022 was 5.13mmboed, a decrease of 1.65% when compared to 2021. The largest oil and gas producing countries are Indonesia, Malaysia and Thailand. Through to 2030, annual oil and gas production is forecast to decrease by a CAGR of 8.09% to reach 2.40mmboed. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil & gas fields segment. Buy the latest oil & gas fields profiles here.
In 2022, Indonesia had the highest oil and gas at 1.71mmboed, followed by Malaysia at 1.53mmboed and Thailand at 0.63mmboed. Here are the 10 largest oil and gas producing fields in South East Asia by production in 2022, according to GlobalData’s Oil & Gas, Upstream Fields Database.
1. Tangguh
Tangguh is located in West Papua, Indonesia. This field is owned by BP (40.22%), China National Offshore Oil (13.90%), Inpex (7.79%), Japan Oil, Gas and Metals National (11.06%), JX Nippon Oil & Gas Exploration (7.46%), Mitsubishi (9.92%), Mitsui & Co (2.30%), Sojitz (3.67%) and operated by BP Berau. The field produced 0.2mmboed in 2022 and recovered 25.42% of its total recoverable reserves, with peak production in 2023. The peak production will be approximately 0.26mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2068. The field currently accounts for approximately 3.86% of the total Asia daily crude oil and natural gas output and it is expected to recover 2,431.28mmboe of crude oil and natural gas. Buy the profile here.
2. Banyu Urip Complex
Banyu Urip Complex is located in East Java, Indonesia. This 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 0.19mmboed in 2022 and recovered 52.58% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 0.22mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 3.64% of the total Asia daily crude oil and natural gas output and it is expected to recover 528mmboe of crude oil and natural gas. Buy the profile here.
3. Block A-18
Block A-18 is located in Gulf of Thailand, Malaysia – Thailand Joint Development Area. This field is owned by Hess (50.00%), Petroliam Nasional (50.00%) and operated by Carigali Hess Operating Co Sdn. The field produced 0.17mmboed in 2022 and recovered 53.01% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 0.15mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2030. The field currently accounts for approximately 3.36% of the total Asia daily crude oil and natural gas output and it is expected to recover 740.88mmboe of crude oil and natural gas. Buy the profile here.
4. Corridor PSC
Corridor PSC is located in South Sumatra, Indonesia. This field is owned by PT Medco Daya Abadi Lestari (54.00%), PT Pertamina (Persero) (10.00%), Repsol (36.00%) and operated by PT Medco Energi Internasional. The field produced 0.15mmboed in 2022 and recovered 45.28% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 0.17mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2079. The field currently accounts for approximately 2.94% of the total Asia daily crude oil and natural gas output and it is expected to recover 1,330.27mmboe of crude oil and natural gas. Buy the profile here.
5. Mahakam PSC
Mahakam PSC is located in East Kalimantan, Indonesia. This field is owned by PT Pertamina (Persero) (100.00%) and operated by PT Pertamina Hulu Mahakam. The field produced 0.15mmboed in 2022 and recovered 95% of its total recoverable reserves, with peak production in 2006. The peak production was approximately 0.5mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2035. The field currently accounts for approximately 2.91% of the total Asia daily crude oil and natural gas output and it is expected to recover 263.82mmboe of crude oil and natural gas. Buy the profile here.
6. Rokan PSC
Rokan PSC is located in Riau, Indonesia. This field is owned by PT Pertamina (Persero) (100.00%) and operated by PT Pertamina Hulu Rokan. The field produced 0.15mmboed in 2022 and recovered 97.36% of its total recoverable reserves, with peak production in 1973. The peak production was approximately 0.94mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2035. The field currently accounts for approximately 2.88% of the total Asia daily crude oil and natural gas output and it is expected to recover 316.53mmboe of crude oil and natural gas. Buy the profile here.
7. Yadana Project
Yadana Project is located in Gulf of Martaban, Myanmar. This field is owned by Chevron (41.10%), Myanma Oil and Gas Enterprise (21.06%), PTT Public Co (37.84%) and operated by PTTEP International. The field produced 0.12mmboed in 2022 and recovered 69.79% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 0.13mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 2.33% of the total Asia daily crude oil and natural gas output and it is expected to recover 418.05mmboe of crude oil and natural gas. Buy the profile here.
8. Bongkot
Bongkot is located in Gulf of Thailand, Thailand. This field is owned by PTT Public Co (100.00%) and operated by PTTEP Energy Development Co. The field produced 0.1mmboed in 2022 and recovered 73.33% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 0.1mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2041. The field currently accounts for approximately 2.03% of the total Asia daily crude oil and natural gas output and it is expected to recover 398.27mmboe of crude oil and natural gas. Buy the profile here.
9. MLNG PSC
MLNG PSC is located in Sarawak, Malaysia. This field is owned by Petroliam Nasional (50.00%), Shell (50.00%) and operated by Sarawak Shell. The field produced 0.1mmboed in 2022 and recovered 94.78% of its total recoverable reserves, with peak production in 1992. The peak production was approximately 0.2mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2033. The field currently accounts for approximately 1.99% of the total Asia daily crude oil and natural gas output and it is expected to recover 128.49mmboe of crude oil and natural gas. Buy the profile here.
10. Shwe Complex
Shwe Complex is located in Bay of Bengal, Myanmar. This field is owned by GAIL (India) (8.50%), Korea Gas (8.50%), Myanma Oil and Gas Enterprise (15.00%), Oil and Natural Gas Corp (17.00%), Posco International (51.00%) and operated by Posco International. The field produced 0.1mmboed in 2022 and recovered 43.29% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 0.1mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 1.98% of the total Asia daily crude oil and natural gas output and it is expected to recover 358.97mmboe of crude oil and natural gas. 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.
