Offshore Exploration and Production (E&P) in Asia-Pacific - Market Analysis, Competitive Landscape and Forecasts to 2020


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Offshore Exploration and Production (E&P) in Asia-Pacific - Market Analysis, Competitive Landscape and Forecasts to 2020

Summary


Offshore Exploration and Production (E&P) in Asia-Pacific - Market Analysis, Competitive Landscape and Forecasts to 2020, is the latest report from GlobalData, the industry analysis specialist. The report analyzes the oil and gas exploration and production industry in the offshore Asia-Pacific region, and provides information on existing production data, estimated production, and key companies operating in the offshore Asia-Pacific region of major littoral countries, primarily Australia, China, India, Indonesia, Malaysia, Vietnam, Thailand, and the Philippines. The report also outlines the key drivers and challenges for the industry in the current environment. It is compiled using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalDatas team of industry experts.

Scope

  • This report provides a detailed analysis of the oil and gas industry in the offshore Asia-Pacific region, as well as key companies, trends and issues in the industry until 2020. It focuses primarily on the following - 
  • Drivers and challenges for oil and gas exploration and production in the offshore Asia-Pacific region
  • The contributions made by major littoral countries in offshore Asia-Pacific to the total oil and gas production in the region
  • Key companies engaged in oil and gas exploration and production industry in the offshore Asia-Pacific region
  • Oil and gas production from the offshore Asia-Pacific region, and the production outlook for major countries until 2020
  • Key exploration and production environment and infrastructure details in Australia, China, India, Indonesia, Malaysia, Vietnam, Thailand and the Philippines
  • The overview of the competitive landscape for companies engaged in exploration and production activities in the Asia-Pacific region
Reasons to buy

The report will enhance your decision-making by allowing you to -
  • Develop business strategies with the help of specific insights into the oil and gas exploration and production market in the Asia-Pacific region
  • Identify opportunities and challenges in the oil and gas industry in the offshore Asia-Pacific region
  • Plan your strategies based on expected developments in the oil and gas exploration activities in the offshore Asia-Pacific region
  • Understand the competitive landscape of emerging markets in the offshore Asia-Pacific region
Table of Contents

1 Table of Contents 4
1.1 List of Tables 6
1.2 List of Figures 7

2 Introduction 9
2.1 Overview 9
2.2 GlobalData Report Guide 9

3 Offshore Oil and Gas Exploration and Production in Asia-Pacific- An Overview 11
3.1 Development of Offshore Exploration and Production Activities in Asia-Pacific Countries 11
3.2 Asia-Pacific Countries Account for 2.5% of Global Proved Oil Reserves as of 2011 12
3.3 Asia-Pacific Countries Account for 8% of Global Proved Natural Gas Reserves as of 2011 14
3.4 China, Australia, India and Thailand Lead in Offshore Discoveries within Asia-Pacific Countries in 2012 (Until November) 16

4 Offshore Oil and Gas Exploration and Production in Asia-Pacific- Key Drivers and Issues 18
4.1 Reduced Oil and Gas Production from Onshore Fields to Increase Offshore Oil and Gas Activities 18
4.2 Planned Projects Enhance Australias Presence in the Regional Offshore Exploration and Production Industry 18
4.3 Floating Production Storage and Offloading Vessels to Continue to Play Key Role in Unlocking Offshore Oil and Gas Field Potential 19
4.4 Oil Spills Could Affect Offshore Oil and Gas Exploration and Production Activities 20
4.5 Maintenance of Floating Production and Storage Offloading Vessels in Unfavorable Offshore Environments a Major Challenge 20
4.6 Geopolitical Issues may Hinder Development of Offshore Oil and Gas Resources 20

5 Offshore Oil and Gas Exploration and Production in Australia 21
5.1 Resource-Rich Carnarvon, Browse and Bonaparte Basins on Australias Northwest Coast 21
5.1.1 Major Oil and Gas Exploration and Production Basins in Offshore Australia 22
5.2 246 Offshore Oil and Gas Exploration Blocks in Australia 26
5.2.1 Fiscal and Regulatory Environment for Offshore Oil and Gas Exploration and Production in Australia 27
5.3 15 Offshore Oil and Gas Discoveries in Australia Since 2010 28
5.4 Australia Recorded Offshore Oil Production of 173.7 Million Barrels in 2011 30
5.4.1 Offshore Oil Production in Australia is Estimated at 112.9 Million Barrels in 2020 31

6 Offshore Oil and Gas Exploration and Production in China 33
6.1 Bohai Bay is the Key Area for Offshore Exploration and Production in China 33
6.1.1 Major Oil and Gas Exploration and Production Basins in Offshore China 33
6.2 China Possesses Around 188 Offshore Exploration Blocks 36
6.2.1 Fiscal and Regulatory Environment for Offshore Oil and Gas Exploration and Production in China 36
6.3 Seven Discoveries Recorded in Offshore Areas of China Since 2010 38
6.4 29 Offshore Production Fields in China 40
6.4.1 Oil and Gas Production from China Offshore Expected to Increase to 692.3mmboe by 2020 42

7 Offshore Oil and Gas Exploration and Production in India 44
7.1 Krishna-Godavari BasinMajor Offshore Basins in India, Bombay High and Krishna-Godavari Basin 44
7.1.1 Major Oil and Gas Exploration and Production Basins in Offshore India 44
7.2 221 Offshore Exploration Blocks in India 48
7.2.1 Fiscal and Regulatory Environment for Oil and Gas Exploration and Production in Offshore India 49
7.3 Nine Offshore Discoveries Recorded in India Since 2010 50
7.4 Key Offshore Fields in India, Mumbai High and KG-D6 51
7.4.1 Indias Offshore Oil and Gas Production Estimated at 306mmboe by 2020 53

8 Offshore Oil and Gas Exploration and Production in Indonesia 56
8.1 Key Offshore Basin in Indonesia, West Natuna 56
8.1.1 Major Oil and Gas Exploration and Production Basins in Indonesia Offshore 56
8.2 269 Offshore Exploration Blocks in Indonesia 59
8.2.1 Fiscal and Regulatory Environment for Offshore Exploration and Production in Indonesia 60
8.3 Five Discoveries Made in Indonesia Offshore Since 2010 61
8.4 35 Offshore Production Fields in Indonesia 62
8.4.1 Indonesias Offshore Oil and Gas Production Expected to Increase to 166.2mmboe by 2020 63

9 Offshore Oil and Gas Exploration and Production in Malaysia 65
9.1 Malaysia holds Fourth Largest Natural Gas Reserves in Asia-Pacific Region 65
9.1.1 Major Oil and Gas Exploration and Production Basins in Offshore Malaysia 65
9.2 96 Exploration Blocks in Offshore Malaysia 70
9.2.1 Fiscal and Regulatory Environment for Offshore Oil and Gas Exploration and Production in Malaysia 71
9.3 11 Offshore Discoveries Recorded in Indonesia Since 2010 72
9.4 SK8, Highest Producing Offshore Field in Malaysia 75
9.4.1 18 Planned Offshore Production Fields in Malaysia 76

10 Offshore Oil and Gas Exploration and Production in Vietnam 77
10.1 Estimated 4.4 Billion Barrels of Oil Reserves in Vietnam 77
10.1.1 Major Oil and Gas Exploration and Production Basins in Offshore Vietnam 78
10.2 82 Offshore Exploration Blocks in Vietnam 80
10.2.1 Fiscal and Regulatory Environment for Offshore Oil and Gas Exploration in Vietnam 81
10.3 Five Offshore Discoveries Recorded in Vietnam Since 2010 82
10.4 31 Offshore Production Fields in Vietnam 83
10.4.1 12 Planned Offshore Production Fields in Vietnam 84

11 Offshore Oil and Gas Exploration and Production in Asia-Pacific - Other Key Countries 86
11.1 Resource Potential in Offshore Thailand and Philippines 86
11.1.1 Major Oil and Gas Exploration and Production Basins in Offshore Areas of Thailand and Philippines 87
11.2 Number of Oil and Gas Exploration Blocks in Offshore Thailand and Philippines 88
11.2.1 Fiscal and Regulatory Environment in Offshore Thailand and Philippines 91
11.3 Recent Discoveries in Offshore Thailand and Philippines Since 2010 92
11.4 Major Production Fields in Offshore Thailand and Philippines 94
11.4.1 Planned Offshore Production Fields in Thailand and Philippines 96

12 Offshore Oil and Gas Exploration and Production in Asia-Pacific Competitive Landscape 97
12.1 CNOOC Leads Offshore Asia-Pacific in Terms of Equity Stakes in Exploration Blocks 98
12.2 ONGC Leads Offshore Asia-Pacific Region in Terms of Total Acreage for Exploration 99
12.3 Chevron and Nucoastal Thailand Lead in Terms of Number of Oil and Gas Discoveries in Offshore Asia-Pacific Between 2010 and November 2012 101
12.4 Petroliam Nasional Berhad is Largest Producer of Crude Oil and Natural Gas in Offshore Asia-Pacific in 2011 103

13 Appendix 104
13.1 Market Definition 104
13.2 Abbreviations 104
13.3 Sources 105
13.4 Methodology 106
13.4.1 Coverage 106
13.4.2 Secondary Research 106
13.4.3 Primary Research 107
13.5 Contact Us 107
13.6 Disclaimer 107
1.1 List of Tables
Table 1: Offshore Exploration and Production Industry, Asia-Pacific, Offshore Oil and Gas Discoveries, 2012 (Until November) 17
Table 2: Offshore Exploration and Production Industry, Asia-Pacific, Active Blocks with Highest Acreage in Offshore Australia, 2012 (until November) 26
Table 3: Offshore Exploration and Production Industry, Asia-Pacific, Offshore Oil and Gas License Terms in Australia, 2012 27
Table 4: Offshore Exploration and Production Industry, Asia-Pacific, Recent Discoveries in Offshore Australia, 20102012* 29
Table 5: Offshore Exploration and Production Industry, Asia-Pacific, Major Production Fields in Offshore Australia (mmboe), 20072011 30
Table 6: Offshore Exploration and Production Industry, Asia-Pacific, Planned Production Fields in Offshore Australia, 2012 (Until November) 32
Table 7: Offshore Exploration and Production Industry, Asia-Pacific, Major Active Blocks with Highest Acreage in Offshore China, 2012 (until November) 36
Table 8: Offshore Exploration and Production Industry, Asia-Pacific, Offshore Oil and Gas License Terms in China, 2012 37
Table 9: Offshore Exploration and Production Industry, Asia-Pacific, Recent Discoveries in Offshore China (20102012*) 39
Table 10: Offshore Exploration and Production Industry, Asia-Pacific, Production of Major Fields in Offshore China (mmboe), 20072011 40
Table 11: Offshore Exploration and Production Industry, Asia-Pacific, Planned Production Fields in Offshore China, 2012 (Until November) 43
Table 12: Offshore Exploration and Production Industry, Asia-Pacific, Major Active Blocks with Highest Acreage in Offshore India, 2012 (until November) 48
Table 13: Offshore Exploration and Production Industry, Asia-Pacific, Offshore Oil and Gas License Terms in India, 2012 49
Table 14: Offshore Exploration and Production Industry, Asia-Pacific, Recent Discoveries in Offshore India (2010November 2012*) 50
Table 15: Offshore Exploration and Production Industry, Asia-Pacific, Production of Major Fields in Offshore India (mmboe), 20072011 51
Table 16: Offshore Exploration and Production Industry, Asia-Pacific, Planned Production Fields in Offshore India, 2012 (Until November) 54
Table 17: Offshore Exploration and Production Industry, Asia-Pacific, Major Active Blocks with Highest Acreage in Offshore Indonesia, 2012 (until November) 59
Table 18: Offshore Exploration and Production Industry, Asia-Pacific, Offshore Oil and Gas License Terms in Indonesia, 2012 60
Table 19: Offshore Exploration and Production Industry, Asia-Pacific, Recent Discoveries in Offshore Indonesia (2010November 2012) 61
Table 20: Offshore Exploration and Production Industry, Asia-Pacific, Production of Major Fields in Offshore Indonesia (mmboe), 20072011 62
Table 21: Offshore Exploration and Production Industry, Asia-Pacific, Planned Production Fields in Offshore Indonesia, 2012 (Until November) 64
Table 22: Offshore Exploration and Production Industry, Asia-Pacific, Major Active Blocks with Highest Acreage in Offshore Malaysia, 2012 (until November) 70
Table 23: Offshore Exploration and Production Industry, Asia-Pacific, Offshore Oil and Gas License Terms in Malaysia, 2012 71
Table 24: Offshore Exploration and Production Industry, Asia-Pacific, Year-On-Year Discoveries in Offshore Malaysia (20102012*) 73
Table 25: Offshore Exploration and Production Industry, Asia-Pacific, Production of Major Fields in Offshore Malaysia (mmboe), 20072011 75
Table 26: Offshore Exploration and Production Industry, Asia-Pacific, Planned Production Fields in Offshore Malaysia, 2012 (Until November) 76
Table 27: Offshore Exploration and Production Industry, Asia-Pacific, Major Active Blocks with Highest Acreage in Offshore Vietnam, 2012 (until November) 80
Table 28: Offshore Exploration and Production Industry, Asia-Pacific, Offshore Oil and Gas License Terms in Vietnam, 2012 81
Table 29: Offshore Exploration and Production Industry, Asia-Pacific, Details of Major Discoveries in Offshore Vietnam (20102012*) 82
Table 30: Offshore Exploration and Production Industry, Asia-Pacific, Production of Major Fields in Offshore Vietnam (mmboe), 20072011 83
Table 31: Offshore Exploration and Production Industry, Asia-Pacific, Planned Production Fields in Offshore Vietnam, 2012 (Until November) 84
Table 32: Offshore Exploration and Production Industry, Asia-Pacific, Major Active Blocks with Highest Acreage in Offshore Thailand, 2012 (until November) 88
Table 33: Offshore Exploration and Production Industry, Asia-Pacific, Major Active Blocks with Highest Acreage in Offshore Philippines, 2012 (until November) 90
Table 34: Offshore Exploration and Production Industry, Asia-Pacific, Offshore Oil and Gas License Terms in Thailand and Philippines, 2012 91
Table 35: Offshore Exploration and Production Industry, Asia-Pacific, Discoveries in Offshore Thailand and Philippines (20102012*) 93
Table 36: Offshore Exploration and Production Industry, Asia-Pacific, Production of Major Fields in Offshore Thailand and Philippines (mmboe), 20072011 94
Table 37: Offshore Exploration and Production Industry, Asia-Pacific, Planned Production Fields in Offshore Thailand and Philippines, 2012 (Until November) 96
Table 38: Oil and Natural Gas Corporation, Leading 10 blocks in Offshore Asia-Pacific in Terms of Acreage (km2), 2011 100
Table 39: Nucoastal Thailand, Oil and Gas Discoveries in Offshore Thailand, 2010November 2012 1021.2 List of Figures
Figure 1: Offshore Exploration and Production Industry, Global, Share of Asia-Pacific Countries in Proved Oil Reserves, 2011 12
Figure 2: Offshore Exploration and Production Industry, Asia-Pacific, Share of Countries in Regional Proved Oil Reserves (%), 2011 13
Figure 3: Offshore Exploration and Production Industry, Global, Share of Asia-Pacific Countries in Proved Natural Gas Reserves, 2011 14
Figure 4: Offshore Exploration and Production Industry, Asia-Pacific, Proved Natural Gas Reserves of Key Countries (tcm), 2011 15
Figure 5: Offshore Exploration and Production Industry, Asia-Pacific, Number of Offshore Oil and Gas Discoveries, 2012 (Until November) 16
Figure 6: Offshore Exploration and Production Industry, Asia-Pacific, Number of Active Floating Production and Storage Offloading Vessels by Countries, 2012 (November) 19
Figure 7: Offshore Exploration and Production Industry, Australia, Basins Map, 2012 22
Figure 8: Offshore Exploration and Production Industry, Australia, Location Map of Carnarvon Basin, 2012 23
Figure 9: Offshore Exploration and Production Industry, Australia, Location Map of the Browse Basin, 2012 24
Figure 10: Offshore Exploration and Production Industry, Australia, Location Map of the Bonaparte Basin, 2012 25
Figure 11: Offshore Exploration and Production Industry, Asia-Pacific, Number of Discoveries in Offshore Australia, 2010November 2012 28
Figure 12: Offshore Oil and Gas Industry, Asia-Pacific, Total Australia Offshore Oil Production Forecast (mmboe), 20112020 31
Figure 13: Offshore Exploration and Production Industry, China, Location Map of Bohai Bay, 2012 34
Figure 14: Offshore Exploration and Production Industry, China, Location Map of Pearl River Mouth Basin, 2012 35
Figure 15: Offshore Exploration and Production Industry, Asia-Pacific, Number of Offshore Discoveries in China (20102012*) 38
Figure 16: Offshore Exploration and Production Industry, Asia-Pacific, Location of WZ6-12-A7 Discovery in Offshore China, 2012 39
Figure 17: Offshore Exploration and Production Industry, Asia-Pacific, Location Map of Shengli Field in China Offshore, 2012 41
Figure 18: Offshore Oil and Gas Industry, Asia-Pacific, China Total Offshore Oil and Gas Production Forecast (mmboe), 20112020 42
Figure 19: Offshore Exploration and Production Industry, Asia-Pacific, Location of Liwan 3-1 field in Offshore China, 2012 43
Figure 20: Offshore Exploration and Production Industry, Asia-Pacific, Location of Bombay High in India Offshore, 2012 45
Figure 21: Offshore Exploration and Production Industry, Asia-Pacific, Location of Krishna-Godavari Basin, 2012 46
Figure 22: Offshore Exploration and Production Industry, Asia-Pacific, Location of KG-DWN-2004/5 Block in Krishna-Godavari Basin, 2012 47
Figure 23: Offshore Exploration and Production Industry, Asia-Pacific, Number of Discoveries in Offshore India (2010November 2012) 50
Figure 24: Offshore Exploration and Production Industry, Asia-Pacific, Location of KG-D6 Field in Offshore India, 2012 52
Figure 25: Offshore Oil and Gas Industry, Asia-Pacific, Offshore Oil and Gas Production in India (mmboe), 20112020 53
Figure 26: Offshore Exploration and Production Industry, Asia-Pacific, Location of Ambe (CB-OS/2) Field in India Offshore, 2012 55
Figure 27: Offshore Exploration and Production Industry, Asia-Pacific, Location map of West Natuna Basin in Offshore Indonesia, 2012 57
Figure 28: Offshore Exploration and Production Industry, Asia-Pacific, Location of Cakalang Block, Indonesia, 2012 58
Figure 29: Offshore Exploration and Production Industry, Asia-Pacific, Number of Discoveries in Offshore Indonesia (2010November 2012) 61
Figure 30: Offshore Oil and Gas Industry, Asia-Pacific, Indonesia Total Offshore Oil and Gas Production Forecast (mmboe), 20112020 63
Figure 31: Offshore Exploration and Production Industry, Asia-Pacific, Location of Malay Basin in Offshore Malaysia, 2012 66
Figure 32: Offshore Exploration and Production Industry, Asia-Pacific, Location of PM 304 Block in Offshore Malaysia, 2012 67
Figure 33: Offshore Exploration and Production Industry, Asia-Pacific, Location Map of PM 307 Block in Offshore Malaysia, 2012 68
Figure 34: Offshore Exploration and Production Industry, Asia-Pacific, Location of Sarawak Basin in Offshore Malaysia, 2012 69
Figure 35: Offshore Exploration and Production Industry, Asia-Pacific, Year-On-Year Discoveries in Offshore Malaysia (20102012*) 72
Figure 36: Offshore Exploration and Production Industry, Asia-Pacific, Location of Tembakau Discovery in Offshore Malaysia, 2012 74
Figure 37: Offshore Exploration and Production Industry, Asia-Pacific, Location Map of Major Basins in Offshore Vietnam, 2012 77
Figure 38: Offshore Exploration and Production Industry, Asia-Pacific, Location Map of Cuu Long Basin in Offshore Vietnam, 2012 78
Figure 39: Offshore Exploration and Production Industry, Asia-Pacific, Location map of Song Hong Basin in Offshore Vietnam, 2012 79
Figure 40: Offshore Exploration and Production Industry, Asia-Pacific, Number of Discoveries in Offshore Vietnam (20102012*) 82
Figure 41: Offshore Exploration and Production Industry, Asia-Pacific, Location Map of Northwest Palawan Basin in Offshore Philippines, 2012 87
Figure 42: Offshore Exploration and Production Industry, Asia-Pacific, Location Map of Block A4/48, A5/48 and A6/48 in Offshore Thailand, 2012 89
Figure 43: Offshore Exploration and Production Industry, Asia-Pacific, Number of Discoveries in Offshore Thailand and Philippines (20102012*) 92
Figure 44: Offshore Exploration and Production Industry, Asia-Pacific, Location Map of Bongkot Field in Offshore Thailand, 2012 95
Figure 45: Offshore Oil and Gas E&P Industry, Asia-Pacific, Competitive Landscape for Major Companies, 2011 97
Figure 46: Offshore Oil and Gas E&P Industry, Asia-Pacific, Leading 10 Companies Ranked Based on Equity Stakes in Exploration Blocks, 2011 98
Figure 47: Offshore Oil and Gas E&P Industry, Asia-Pacific, Leading 10 Companies Ranked in Terms of Total Acreage (km2), 2011 99
Figure 48: Offshore Oil and Gas E&P Industry, Asia-Pacific, Leading 10 Companies Ranked in Terms of Oil and Gas Discoveries, 2010November 2012 101
Figure 49: Offshore Oil and Gas E&P Industry, Asia-Pacific, Leading 10 Companies Ranked in Terms of Crude Oil and Natural Gas Production (mmboe), 2011 103