Project Insight - Oil and Gas Construction Projects: Asia-Pacific
Although China and India are leaders in global economic production, the region as a whole does not lead for investment in oil and gas construction projects, trailing the Americas with a total investment of US$1.23 trillion.
Investment in the oil and gas upstream sector in Asia-Pacific is expected to be subdued in 2017, 40% lower than investment in 2015 due largely to fewer projects taking final investment decisions with reduced budgets for exploration.
This report provides detailed analysis, information and insights based on 433 CIC projects in Asia-Pacific, including detailed metrics on the region's oil and gas construction projects (as tracked by CIC) split by country and value and by type of project, pipeline, refinery etc. Country profiles are provided for the top 10 countries including Australia, China and India.
Timetric’s Construction Intelligence Center (CIC) is currently tracking oil and gas construction projects in Asia-Pacific with a total value of US$1.23 trillion. Of this, US$483.1 billion is in the execution stage.
Australia accounts for the highest value with US$207.4 billion, followed by China with projects valuing US$188.7 billion. India and Malaysia follow with oil and gas projects with a value of US$170.9 billion and US$121.5 billion respectively.
Asia-Pacific's highest project investment is in refinery buildings with a value of US$574.8 billion followed by production facilities with a value of US$454.4 billion. The largest projects are the US$54.0 billion Gorgon Gas Field Development in Australia and the US$50.0 billion Malaysia to South Korea Trans Oriental Gas Pipeline in Malaysia.
The report provides analysis based on CIC projects showing total project values for Asia-Pacific and analysis by stage and funding for the top 10 countries.
The top 50 projects are listed for the region giving country, stage, value and cu mt per day capacity if known.
Values by six types of project categories are given, e.g. refinery buildings and pipelines.
Ranked listings of the top participants for the sector are also provided showing the leading contractors, consulting engineers and project owners.
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