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News // Asia

Indonesia has highest capex on crude & gas projects in Southeast Asia over next 7 years

10 December 2018 , 17:23Neftegaz.RU526

Jakarta, December 10 - Neftegaz.RU. Indonesia has highest capital expenditure (capex) on planned and announced crude and natural gas projects in Southeast Asia over the period 2018–2025, according to GlobalData, a leading data and analytics company.


The company’s report: ‘Q4 2018 production & capex outlook for key planned and announced upstream projects in Southeast Asia – Indonesia has highest capex on new-build projects’ reveals that Indonesia leads with 23 planned and announced projects during the forecast period. Of the total count, 8 are planned and 15 are announced projects.


In Southeast Asia, a total of 49 crude & natural gas projects are expected to start operations in 5 countries during 2018-2025. Among these, 21 represent the number of planned projects with identified development plans and 28 represent the number of early-stage announced projects that are undergoing conceptual studies and that are expected to get approved for development.


GlobalData identifies Malaysia as the 2nd highest country with 17 upcoming projects – 9 planned and 8 announced projects. Vietnam follows with 7 upcoming projects, expected to come online by 2025. Cambodia and Thailand are the other countries in Southeast Asia with one upcoming project each.


In terms of operatorship, among the operators in the region, SapuraKencana Energy Sarawak Inc leads with the highest operatorship of 7 upcoming projects– 4 are announced and three are planned projects. All of them are conventional gas projects. Petronas Carigali will occupy 2nd place with operatorship of 3 upcoming conventional gas projects.


Key projects in Southeast Asia are expected to contribute about 171,500 barrels of oil per day of global crude production and about 8.1 bcfd of global gas production in 2025. The region is expected to spend proposed capex of $14.9 bln to bring the planned projects online and $55.1 bln on key announced projects between 2018 and 2025.



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