Investment Opportunities in the Marginal Oil & Gas Fields in Southeast Asia
The total revenue potential from marginal fields in Southeast Asia is estimated to be $ trillion driven mainly by high oil and gas prices and advancements in technology.
At the recently held ‘Offshore Technology Conference Asia 2014’ in Malaysia, the country’s Prime Minister mentioned that the global upstream expenditure in the oil and gas sector has been estimated at $ billion over the next decade, out of which % will occur in Southeast Asia.
About % of the active fields in Southeast Asia are mobile offshore production unit (MOPU) developments. Moreover, % of the fields under development will employ MOPUs.
In deep water, satellite fields with subsea producers are repeatedly tied to MOPUs, especially in later stages of the projects. Southeast Asia accounts for % of global developments by MOPUs.
Fixed platforms will remain more common in Asia, given that there is a push to develop marginal Malaysian fields. However, as more fields are developed, more complex types of platforms will come into use, which will also benefit equipment suppliers.
Oil price plays an important role in the decision to develop marginal fields. It is economical to exploit marginal fields when oil prices are above $ per barrel.
About this report
In this study the investment opportunities are provided on a country level. In each country chapter, total size of the oil and gas market, potential for marginal oil and gas fields, and incentives provided by the government for marginal fields are analyzed. In the production and drilling solutions chapters, different technologies and their advantages are discussed for different site conditions.
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