The total oil and gas production of Asia in 2022 was 14.81mmboed, an increase of 0.88% when compared to 2021. The largest oil and gas producing countries are China, Indonesia and Malaysia. Through to 2030, annual Asia oil and gas production is forecast to decrease by a CAGR of 2.51% to reach 11.78mmboed. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil & gas fields segment. Buy the latest oil & gas field profiles here.
Here are the 10 largest oil and gas upcoming fields by reserves in Asia, according to GlobalData’s oil & gas upstream fields database.
1. Abadi
Abadi is located in Arafura Sea, Indonesia. This field is owned by Inpex (65%), Shell (35%) and operated by Inpex Masela. Production from this field is expected to begin in 2031 and is forecasted to peak in 2032, approximately at the rate of 0.2mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2076. The project is expected to have recoverable reserves 2,317.63mmboe of crude oil and natural gas. Buy the profile here.
2. BIGST Cluster
BIGST Cluster is located in Terengganu, Malaysia. This field is owned by Petroliam Nasional (100%) and operated by PETRONAS Carigali International. Production from this field is expected to begin in 2026 and is forecasted to peak in 2027, approximately at the rate of 0.29mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2062. The project is expected to have recoverable reserves 1,061.61mmboe of crude oil and natural gas. Buy the profile here.
3. Lufeng 12-3
Lufeng 12-3 is located in South China Sea, China. This field is owned by China National Offshore Oil (60.80%), SK Innovation Co (39.20%) and operated by SK Innovation Co. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025, approximately at the rate of 0.1mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2081. The project is expected to have recoverable reserves 664.8mmboe of crude oil and natural gas. Buy the profile here.
4. Block B Gas Development
Block B Gas Development is located in South China Sea, Vietnam. This field is owned by Japan Oil, Gas and Metals National (12.13%), Mitsui & Co (13.49%), PTT Public Co (8.50%), Vietnam National Oil and Gas Group (65.88%) and operated by Vietnam National Oil and Gas Group. Production from this field is expected to begin in 2025 and is forecasted to peak in 2025, approximately at the rate of 0.08mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2051. The project is expected to have recoverable reserves 659.82mmboe of crude oil and natural gas. Buy the profile here.
5. West Sichuan
West Sichuan is located in Sichuan, China. This field is owned by China Petrochemical (100%) and operated by Sinopec Southwest Oil & Gas Co. Production from this field is expected to begin in 2023 and is forecasted to peak in 2072, approximately at the rate of 0.03mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2082. The project is expected to have recoverable reserves 610.78mmboe of crude oil and natural gas.
6. Ca Voi Xanh
Ca Voi Xanh is located in South China Sea, Vietnam. This field is owned by Exxon Mobil (64%), Vietnam National Oil and Gas Group (36%) and operated by ExxonMobil Exploration and Production Vietnam. Production from this field is expected to begin in 2025 and is forecasted to peak in 2027, approximately at the rate of 0.1mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2047. The project is expected to have recoverable reserves 534.32mmboe of crude oil and natural gas. Buy the profile here.
7. Kasawari
Kasawari is located in Sarawak, Malaysia. This field is owned by Petroliam Nasional (100%) and operated by PETRONAS Carigali International. Production from this field is expected to begin in 2023 and is forecasted to peak in 2024, approximately at the rate of 0.11mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. The project is expected to have recoverable reserves 508.05mmboe of crude oil and natural gas. Buy the profile here.
8. Cluster III
Cluster III is located in Bay of Bengal, India. This field is owned by Oil and Natural Gas Corp (100%) and operated by Oil and Natural Gas Corp. Production from this field is expected to begin in 2024 and is forecasted to peak in 2034, approximately at the rate of 0.11mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2038. The project is expected to have recoverable reserves 444.9mmboe of crude oil and natural gas. Buy the profile here.
9. Marjoram/Rosmari
Marjoram/Rosmari is located in Sarawak, Malaysia. This field is owned by Petroliam Nasional (20%), Shell (80%) and operated by Sarawak Shell Bhd. Production from this field is expected to begin in 2026 and is forecasted to peak in 2029, approximately at the rate of 0.08mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2060. The project is expected to have recoverable reserves 443.45mmboe of crude oil and natural gas. Buy the profile here.
10. Jerun
Jerun is located in Sarawak, Malaysia. This field is owned by OMV (20%), Petroliam Nasional (30%), Sapura Energy (20%) , Shell (30%) and operated by SapuraKencana Energy Sarawak. Production from this field is expected to begin in 2023 and is forecasted to peak in 2024, approximately at the rate of 0.08mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2048. The project is expected to have recoverable reserves 409.87mmboe 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.
