Oil & Gas opportunities in Southeast Asia
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This document provides an overview of oil and gas exploration and production opportunities in several Asian countries. It summarizes Malaysia's acreage under production sharing contracts, key operators, and some upcoming projects. It also summarizes similar statistics for Indonesia, India, Singapore, Thailand, and Vietnam, including market sizes, major operators, and selected upcoming projects in each country. The document concludes by listing upcoming oil and gas exhibitions, including ones in Vietnam and with a Norwegian pavilion.
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Oil & Gas opportunities in Southeast Asia
- 1. Opportunities Oil & Gas SSEA Asia Day, Trondheim 10 June 2013
- 2. 2 Malaysia Source: Wood Mackenzie’s Pathfinder (Extracted from MIDA ‘s Meet Malaysia Investment Opportunities in Asia Oil & Gas Hub)
- 3. MALAYSIA – E & P Acreages Exploration Acreages: 570.000 km2 Reserves: 22.64 bil boe PSCs Awarded: 95 • Exploration: 47 • Development: 10 • Production: 38 Fields discovered • Oil: 173 • Gas: 257 Producing Fields • Oil: 77 • Gas: 55 320 platforms Key Operators: 16
- 4. Three focus areas • Enhanced Oil Recovery- current recovery factor 33% USD 12 billion projects with Shell USD 2.1 billion projects with ExxonMobil 9 project sanctioned • Marginal fields development 3 Risk Service contracts signed • Heighten exploration activities Some 35 exploration wells for 2013 27 rigs – Jack-ups, semi & Tender. 3-4 more rigs in 2013 4
- 5. MALAYSIA - offshore market by category 2011-2016 USD Million 2011 2012 2013 2014 2015 2016 R&S 470 451 573 675 898 852 EPC & Topside 1981 1801 2497 3153 3203 1866 Subsea 1013 965 1072 902 2336 2295 Well 3352 3675 4007 4463 5146 4752 Operations 2610 2831 3029 3432 3627 3097 Total 9426 9723 11178 12625 15209 12863 5 Source: INTSOK annual report 2012
- 6. MALAYSIA – Offshore operators 2013-2016 by category UD $ mil Operations Well Subsea EPC & Topside R & S Shell 4222 6776 2875 3673 660 Petronas 3677 3826 627 2904 675 ExxonMobil 2083 2827 216 1522 402 Murphy Oil 1486 1839 1855 1213 343 Hess 390 625 368 692 190 Total 11857 15893 5942 10004 2270 6 Source: INTSOK annual report 2012
- 7. MALAYSIA - Some selected upcoming projects Project Operator Dev. Concept Start up Kebabangan Shell Fixed 2015 Malikai Shell Floater 2016 Bergading Petronas Fixed 2014 Siakap North Murphy Oil Subsea 2014 Tapis EOR ExxonMobil Fixed 2014 Kamunsu East Shell Subsea 2016 Besar Petronas Subsea 2017 Ubah Crest Shell Subsea 2017 Janglau Lundin Petroleum Subsea 2020 Beryl Shell Fixed 2020 7 Source: INTSOK annual report 2012
- 9. INDONESIA – Offshore market by category 2011 - 2016 USD mil 2011 2012 2013 2014 2015 2016 R & S 761 866 541 838 865 811 EPC & Topside 773 1305 1102 1474 2008 2004 Subsea 330 431 620 695 2064 2236 Well 2561 3254 2528 4144 4674 4700 Operations 2135 2274 2068 2346 2730 3021 Total 6560 8130 6859 9496 12341 12771 9 Source: INTSOK annual report 2012
- 10. INDONESIA – Offshore operators by category 2013 - 2016 USD Mil Operations Well Subsea EPC & Topside R & S Chevron 1469 4085 1691 1677 497 Eni 359 2467 1759 648 201 Total 2918 1430 148 691 203 Inpex 793 515 251 1304 120 CNOOC 723 345 54 431 84 Total 6261 8840 3901 4752 1106 10 Source: INTSOK annual report 2012
- 11. INDONESIA – selected upcoming projects Project Operator Dev Concept Expected Start-up Stupa Total Fixed 2013 Jangkrik Eni Subsea 2016 Gendalo-Gehem Chevron Floater 2017 Tawes ConocoPhillips Subsea 2018 Gula Chevron Subsea 2020 11 Source: INTSOK annual report 2012
- 12. India 12Photo: Brendan K Buckley
- 13. INDIA- offshore market by category 2011-2016 USD Million 2011 2012 2013 2014 2015 2016 R&S 285 649 798 621 1046 823 EPC & Topside 2126 1316 1119 1314 1404 2494 Subsea 1186 1307 610 1239 1456 2673 Well 2000 2614 3654 3391 4083 3370 Operations 1626 1519 1527 1592 1780 1949 Total 7223 7405 7708 8157 9768 11310 13 Source: INTSOK annual report 2012
- 14. INDIA – Offshore operators 2013-2016 by category UD $ mil Operations Well Subsea EPC & Topside R & S ONGC 4014 5222 3492 3576 943 Reliance 1210 5387 2079 862 952 Gujarat State 243 1177 14 150 340 Essar Oil 403 198 78 1114 73 BHP Billiton 97 620 2 48 254 Total 5966 12604 5665 5750 2562 14 Source: INTSOK Annual report 2012
- 15. INDIA – selected upcoming projects Project Operator Dev Concept Expected Start-up Panna Mukati Tapti IOR ONGC Fixed 2016 Dhirubhai-39 Reliance Subsea 2016 Kanaka Durga ONGC Floater 2017 UD- 1 ONGC Floater 2018 Dhirubhai-38 Reliance Subsea 2018 D-1 ONGC Floater 2020 15 Source: INTSOK annual report 2012
- 16. 16
- 17. •Singapore’s maritime and oil & gas industry consists mainly: Shipbuilding Ship Repair Offshore Rig building (Jack-ups) Semi-Submersibles Drilling rigs FPSO / FSO conversions •Total turnover for maritime and oil & gas industry is more than S$13 billion (NOK 60 billion) annually •The offshore is the industry’s leading sector representing about 60% of the industry’s total turnover •Singapore has about 70% of the world market share for building of jack-up rigs and FPSO conversions SINGAPORE - Opportunities
- 18. SINGAPORE Shipyards – Market by definition 2011-2016 USD Million 2011 2012 2013 2014 2015 2016 Engineering 579 473 566 551 576 589 SEP & V 2332 1827 2198 2137 2206 2276 Drilling Systems 989 948 1117 1095 1179 1181 Total 3926 3270 3901 3798 3969 4054 18 Source: INTSOK annual report 2012
- 20. THAILAND - Oil & Gas Industry Proven Reserves: •Oil: 453 million barrels •Gas: 10.1 trillion cubic feet Exploration area: 274,636 Km2 Production area: 17,034 Km2 Platform: 331 units Subsea pipelines: 3,000 km Concession awards: 84 blocks Players: 28 companies 20 Source: Ministry of Energy
- 21. THAILAND - Equipment and machinery market Equipment & machinery in Thailand Oil & Gas industry 2013 Estimation (Unit: million NOK) Total market size 633 Total local production 266 Total exports 264 Total imports 631 21 Source: Ministry of Industry Production and/or storage vessels in Thailand No. of Units FPSO 3 FSU or FSO 10 Mobile Production Unit 3 Total 16
- 22. THAILAND - Opportunities 22 Technology Fabrication • EOR/ IOR • Technology to improve production solutions and handling of field related problems • Technology for construction of lighter/cheaper, more efficient modules and offshore facilities, and offshore plant treatment facilities • Gas separation technology • 4D seismic and Carbon Capture and Storage (CCS) • Platform construction • Construction of process and utility topside modules for platforms and FPSOs • Construction of process and utility modules for onshore installations • Construction of modules for petrochemical plants • Structure steel fabrication
- 23. THAILAND - Opportunities 23 Equipment and Machinery Services • Exploration and production equipment • Process control equipment for gas separation • Pumps for dispersing fuel and natural gas • Underground and underwater pipe for oil and gas transmission • High pressure vessels for natural gas vehicles (NGV) • Equipment for petrochemical and chemical production • Environmental protection equipment • Engineering, procurement and installation (EPI) services • Exploration and production services • Consultancy services in engineering and management • Consultancy services in risk assessment and management • Consultancy services in environmental protection and environmental management
- 24. Gas discovered Oil produced Gas produced Gas produced • Oil and gas activities in more than 130 Blocks. • Oil reserves 4.4 billion barrels • Gas reserves 24.7 Tcf • Production: oil 326,000 bpd & gas 0.71 billion cm • PetroVietnam invested USD11 billion in O&G exploration during 2000-2012 • PV signed >80 PSCs, BCCs & JOCs with some 50 IOCs, NOC worth over USD14 billion in contract value VIETNAM – Producing Basins
- 25. VIETNAM – Opportunities • Increased oil recovery • Drilling and production technologies, incl drilling rigs (70- 200m) • Deepwater drilling & subsea technology • Engineering, construction and production facilities • Oil spill management 25
- 26. Upcoming Oil & Gas Exhibitions • 10th ASCOPE Conference & Exhibition, Nov 28-30 2013 Ho Chi Minh City, Vietnam • OTC Asia, March 25-27, 2014: Norwegian Pavilion 26
- 27. >>> Back to index Thank you for your attention 27 Egil.Rensvik@innovationnorway.no
Editor's Notes
- Technology • Engineering technology to increase production volume from oil & gas fields and production lifetime of the fields • Engineering technology to improve various production solutions and handling of field related problems • Engineering technologies to achieve more efficient offshore support constructions, modules and offshore plant treatment facilities • Advanced exploration technologies, e.g. 4D seismic • Carbon Capture and Storage (CCS) Technology Building of Platforms Three companies in Thailand are supplying platforms to Thai offshore installations. Norwegian platform engineering companies can approach these companies for construction of platforms for deliveries outside Thailand Manufacturing of platform and FPSO components - modules Topside modules for platforms and FPSOs and modules for onshore petrochemical plants are being built at very competitive prices in Thailand. In this field there are opportunities for engineering companies and ship owners in Norway. Most of the modules built in Thailand are exported to be installed on platforms and FPSOs in shipyards in Singapore, Malaysia, Korea, China and even Norway. As of today Thailand does not have any shipyards where ships are newly built or converted to FPSOs. The interest for building modules for onshore petrochemical plants in Thailand is growing. However, there are no Norwegian actors among the companies exploring the Thai supplier market for such projects. They are mainly Australian, British, American and Japanese.
- Equipment and Machinery Thailand’s oil and gas sector offers exciting opportunities for Norwegian oil & gas equipment and machinery industry because the sector is highly dependent on imported equipment and engineering services from countries with leading technology providers. Import tariff rates typically range from 20-35 percent. Engineering Services Offshore engineering companies in Norway can co-operate with Thai engineering companies for executing part of the engineering scopes in projects, e.g. process and some main engineering in Norway, part of main engineering as well as detailed and built engineering in Thailand. The costs for a Norwegian engineer will in average be five to seven times higher than in Thailand. The Thai engineers are in generally not as independent as Norwegian engineers, however, with up to 60% of the engineering scope being done in Thailand, the overall competitiveness of such a constellation is strong.