Offshore Oil and Gas Developments in Asia-Pacific - Burgeoning Energy Demand Drives Exploration and Production Activities

Offshore Oil and Gas Developments in Asia-Pacific - Burgeoning Energy Demand Drives Exploration and Production Activities

Summary

“Offshore Oil and Gas Developments in Asia-Pacific - Burgeoning Energy Demand Drives Exploration and Production Activities”, is the latest report from GlobalData, the industry analysis specialists, that analyzes the increasing exploration and production activities in the Asia Pacific region. The report also provides information on the exploration and production activities in the Asia Pacific and analyses the key drivers behind the growth in upstream oil and gas activities in the region. The report analyses in detail the roles of NOCs, IOCs and independent E&P companies in the region’s oil and gas industry.

The countries in Asia-Pacific are increasing their offshore exploration and production (E&P) activities in order to increase their domestic production of energy resources and reduce their rising dependency on imported oil and gas. Countries in the region are witnessing increasing import dependency for oil and gas amidst their rising energy consumption, which is being driven by rapid economic development.

Scope

The report analyzes the key trends and issues prevailing in the E&P sector in the APAC region. The report primarily focuses on -
- Upstream oil and gas activities in Asia Pacific region
- Key trends and issues in exploration and production activities in the region
- Recent development updates on companies in various major conventional/ unconventional plays across the region
- Production trends in different plays in the region and major M&A deals
- A detailed analysis of rapidly growing energy demand in the region

Reasons to buy

The up-to-date report will enhance your decision-making capability by allowing you to -
- Keep abreast of the current activities of various companies in different conventional/ unconventional plays across Asia Pacific
- Develop business strategies with the help of specific insights about the recent developments in exploration and production sector in the region
- Identify opportunities and challenges in the upstream oil and gas sector in the region SHOW LESS READ MORE >

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1

1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Overview
2.2 GlobalData Report Guidance
3 Rapid Increase in Oil and Gas Demand in Asia-Pacific Provides Fillip to Offshore Exploration and Production
3.1 Oil and Gas Demand-Supply imbalance in Asia-Pacific - Rapid Economic Growth Necessitates Higher Energy Consumption
3.2 Asia-Pacific Countries Have Been Focusing on Offshore Oil and Gas Developments to Boost Production and Reduce Import Dependence
4 Offshore Oil and Gas Development - Key Drivers and Issues
4.1 Declining Onshore Output Driving Growth of Offshore Oil and Gas Activities
4.2 Quest for Energy Security by Most Countries Is Resulting in Higher Investments in Asia-Pacific Offshore Oil and Gas Developments
4.3 FPSO Technology Is Facilitating Commercialization of Small Oil and Gas fields in Offshore Asia
4.4 Territorial Disputes Between Nations may Hinder Development of Offshore Oil and Gas Resources
4.5 Concerns Pertaining to Oil Spills and High Sea Accidents Hamper Development of Offshore Region
4.6 Offshore E&P Activities Pose Threat to Marine Environment
5 Major Offshore Areas in Asia-Pacific
5.1 South China Sea (Vietnam, China, Philippines, Malaysia and Indonesia)
5.2 Gulf of Thailand (Thailand and Vietnam)
5.3 Caspian Sea Region (Azerbaijan, Kazakhstan and Turkmenistan)
5.4 West Australian Coast (Australia)
5.5 Eastern Coast of India (Bay of Bengal)
6 Offshore Developments in Major Asia-Pacific Countries
6.1 Australia
6.1.1 An Overview of Offshore Oil and Gas Developments in Australia
6.1.2 Key Offshore Exploration and Production Areas
6.1.3 Key Offshore Discoveries in Australia, 2008-October 2011
6.1.4 Key Companies Involved in Offshore Oil and Gas Development in Australia
6.2 China
6.2.1 An Overview of Offshore Oil and Gas Developments in China
6.2.2 Key Offshore Exploration and Production Areas
6.2.3 Key Offshore Discoveries in China, 2005 - 2010
6.2.4 Key Companies Involved in Offshore Oil and Gas Development in China
6.3 India
6.3.1 An Overview of Offshore Oil and Gas Developments in India
6.3.2 Key Offshore Exploration and Production Areas
6.3.3 Key Offshore Discoveries in India, 2007 - October 2011
6.3.4 Key Companies Involved in Offshore Oil and Gas Development in India
6.4 Indonesia
6.4.1 An Overview of Offshore Oil and Gas Developments in Indonesia
6.4.2 Key Offshore Exploration and Production Areas
6.4.3 Key Offshore Discoveries in Indonesia, 2006 - October 2011
6.4.4 Key Companies Involved in Offshore Oil and Gas Development in Indonesia
6.5 Malaysia
6.5.1 An Overview of Offshore Oil and Gas Developments in Malaysia
6.5.2 Key Offshore Exploration and Production Areas
6.5.3 Key Offshore Discoveries in Malaysia, 2006 - October 2011
6.5.4 Key Companies Involved in Offshore Oil and Gas Development in Malaysia
6.6 Philippines
6.6.1 An Overview of Offshore Oil and Gas Developments in the Philippines
6.6.2 Key Offshore Exploration and Production Areas
6.6.3 Key Offshore Discoveries in the Philippines, 2008 - 2011
6.6.4 Key Companies Involved in Offshore Oil and Gas Development in the Philippines
6.7 Thailand
6.7.1 An Overview of Offshore Oil and Gas Developments in Thailand
6.7.2 Key Offshore Exploration and Production Areas
6.7.3 Key Offshore Discoveries in Thailand, 2006 - October 2011
6.7.4 Key Companies Involved in Offshore Oil and Gas Development in Thailand
6.8 Vietnam
6.8.1 An Overview of Offshore Oil and Gas Developments in Vietnam
6.8.2 Key Offshore Exploration and Production Areas
6.8.3 Key Offshore Discoveries in Vietnam, 2007-October 2011
6.8.4 Key Companies Involved in Offshore Oil and Gas Development in Vietnam
7 Appendix
7.1 Market Definition
7.2 Abbreviations
7.3 Methodology
7.4 Coverage
7.4.1 Secondary Research
7.4.2 Primary Research
7.4.3 Expert Panel Validation
7.5 Contact Us
7.6 Disclaimer
7.7 Sources

1.1 List of Tables
Table 1: Key Economic Regions of the World, Real GDP (at Constant Prices), Percentage, 2005 - 2010
Table 2: Asia-Pacific, Key Countries, Real GDP (at Constant Prices), Percentage, 2006 - 2010
Table 3: Asia-Pacific, Key Economies, Real GDP (at Constant Prices), US$ bn, 2005 - 2010
Table 4: Offshore Asia-Pacific, FPSOs Used for Oil and Gas Production by Countries, 2011
Table 5: Offshore Asia-Pacific, South China Sea, Major Offshore Oil and Gas Exploration Blocks, 2011
Table 6: Offshore Asia-Pacific, South China Sea, Major Offshore Oil and Gas Production Fields, 2010
Table 7: Offshore Asia-Pacific, Gulf of Thailand, Major Offshore Oil and Gas Exploration Blocks, 2011
Table 8: Offshore Asia-Pacific, Gulf of Thailand, Major Offshore Oil and Gas Production Fields, 2010
Table 9: Offshore Asia-Pacific, Caspian Sea, Major Offshore Oil and Gas Exploration Blocks, 2011
Table 10: Offshore Asia-Pacific, Caspian Sea, Major Offshore Oil and Gas Production Fields, 2010
Table 11: Offshore Asia-Pacific, West Australian Coast, Major Offshore Oil and Gas Exploration Blocks, 2011
Table 12: Offshore Asia-Pacific, West Australian Coast, Major Offshore Oil and Gas Production Fields, 2010
Table 13: Offshore Asia-Pacific, Eastern Coast of India, Major Offshore Oil and Gas Exploration Blocks, 2011
Table 14: Offshore Asia-Pacific, Eastern Coast of India, Major Offshore Oil and Gas Production Fields, 2010
Table 15: Offshore Asia-Pacific, Australia, Offshore Oil and Gas Discoveries, 2008 - October 2011
Table 16: Offshore Asia-Pacific, China, Major Offshore Oil and Gas Discoveries, 2005 - October 2011
Table 17: Offshore Asia-Pacific, China, Offshore Oil and Gas Production Assets of CNOOC Ltd., 2010
Table 18: Offshore Asia-Pacific, India, Offshore Oil and Gas Discoveries, 2007 - October 2011
Table 19: Offshore Asia-Pacific, India, Major Offshore Oil and Gas Exploration Blocks, ONGC Ltd., 2011
Table 20: Offshore Asia-Pacific, India, Major Offshore Oil and Gas Production Fields, ONGC Ltd., 2010
Table 21: Offshore Asia-Pacific, India, Major Offshore Oil and Gas Exploration Blocks, Reliance Industries Ltd., 2011
Table 22: Offshore Asia-Pacific, India, Major Offshore Oil and Gas Production Fields, Reliance Industries Ltd., 2010
Table 23: Offshore Asia-Pacific, Indonesia, Offshore Oil and Gas Discoveries, 2006 - October 2011
Table 24: Indonesia, Major Offshore Oil and Gas Exploration Blocks, ENI S.p.A, 2011
Table 25: Indonesia, Major Offshore Oil and Gas Exploration Blocks, Premier Oil plc, 2011
Table 26: Indonesia, Major Offshore Oil and Gas Exploration Blocks, Total S.A, 2011
Table 27: Indonesia, Major Offshore Oil and Gas Exploration Blocks, ConocoPhillips, 2011
Table 28: Indonesia, Major Offshore Oil and Gas Exploration Blocks, PT Pertamina, 2011
Table 29: Indonesia, Major Offshore Oil and Gas Production Fields, PT Pertamina, 2010
Table 30: Offshore Asia-Pacific, Malaysia, Offshore Oil and Gas Discoveries, 2006 - October 2011
Table 31: Offshore Asia-Pacific, Malaysia, Major Offshore Oil and Gas Exploration Blocks, Petronas, 2011
Table 32: Offshore Asia-Pacific, Malaysia, Major Offshore Oil and Gas Production Fields, Petronas, 2010
Table 33: Offshore Asia-Pacific, Philippines, Offshore Oil and Gas Discoveries, 2008 - 2011
Table 34: Offshore Asia-Pacific, Philippines, Major Offshore Oil and Gas Exploration Blocks, Nido Petroleum Ltd., 2011
Table 35: Offshore Asia-Pacific, Philippines, Major Offshore Oil and Gas Production Fields, Nido Petroleum Ltd., 2010
Table 36: Offshore Asia-Pacific, Thailand, Offshore Oil and Gas Discoveries, 2006 - October 2011
Table 37: Offshore Asia-Pacific, Thailand, Major Offshore Oil and Gas Exploration Blocks, Chevron Corporation, 2011
Table 38: Offshore Asia-Pacific, Thailand, Major Offshore Oil and Gas Production Fields, Chevron Corporation, 2010
Table 39: Offshore Asia-Pacific, Thailand, Major Offshore Oil and Gas Exploration Blocks, PTT Exploration & Production , 2011
Table 40: Offshore Asia-Pacific, Thailand, Major Offshore Oil and Gas Production Fields, PTT Exploration and Production, 2010
Table 41: Offshore Asia-Pacific, Thailand, Major Offshore Oil and Gas Exploration Blocks, Pearl Oil (Thailand) Ltd., 2011
Table 42: Offshore Asia-Pacific, Thailand, Major Offshore Oil and Gas Production Fields, Pearl Oil (Thailand) Ltd., 2010
Table 43: Offshore Asia-Pacific, Vietnam, Offshore Oil and Gas Discoveries, 2007 - October 2011
Table 44: Offshore Asia-Pacific, Vietnam, Major Offshore Oil and Gas Exploration Blocks, PetroVietnam, 2011
Table 45: Offshore Asia-Pacific, Vietnam, Major Offshore Oil and Gas Production Fields, Petrovietnam, 2010

1.2 List of Figures
Figure 1: Global, Real GDP Growth Rate (at Constant Prices) by Regions, 2005 - 2010
Figure 2: Asia-Pacific, GDP Growth Rate of Major Countries, 2006-2010
Figure 3: Asia-Pacific, Key Economies, Consumption and Production of Oil and Gas, MMboe, 2010
Figure 4: Asia-Pacific, Key Economies, Oil and Gas Imports, MMboe, 2006 and 2010
Figure 5: South China Sea, Territorial Claims by Littoral Countries
Figure 6: Offshore Asia-Pacific, South China Sea, Location Map, 2011
Figure 7: Offshore Asia-Pacific, Gulf of Thailand, Location Map, 2011
Figure 8: Offshore Asia-Pacific, Caspian Sea, Location Map, 2011
Figure 9: Offshore Asia-Pacific, West Australian Coast, Location Map, 2011
Figure 10: Offshore Asia-Pacific, Bay of Bengal, Location Map, 2011
Figure 11: Offshore Asia-Pacific, Australia, Carnarvon Basin, Location Map, 2011
Figure 12: Offshore Asia-Pacific, Australia, Browse Basin, Location Map, 2011
Figure 13: Offshore Asia-Pacific, Australia, Browse and Bonaparte Basin, Location Map, 2011
Figure 14: Offshore Asia-Pacific, Australia, Bass Strait Basin, Location Map, 2011
Figure 15: Offshore Asia-Pacific, China, Bohai Bay, Location Map, 2011
Figure 16: Offshore Asia-Pacific, China, Pearl River Mouth Basin, Location Map, 2011
Figure 17: Offshore Asia-Pacific, India, Bombay Offshore Basin, Bombay High, Location Map, 2011
Figure 18: Offshore Asia-Pacific, India, Krishna Godavari (KG) Basin, Location Map, 2011
Figure 19: Offshore Asia-Pacific, Indonesia, West Natuna, Location Map, 2011
Figure 20: Offshore Asia-Pacific, Indonesia, Kutei Basin, Location Map, 2011
Figure 21: Offshore Asia-Pacific, Malaysia, Sabah Basin, Sarawak Basin and Malay Basin, Location Map, 2011
Figure 22: Offshore Asia-Pacific, Philippines, Northwest Palawan, Location Map, 2011
Figure 23: Offshore Asia-Pacific, Thailand, Pattani Basin and Malay Basin, Location Map, 2011
Figure 24: Offshore Asia-Pacific, Vietnam, Cou Long Basin and Song Hong Basin, Location Map, 2011

Territorial Disputes Hamper Offshore Exploration and Production Efforts in Far East

Efforts of countries in the Asia-Pacific region to boost their offshore exploration and production (E&P) activities and reduce their rising dependency on imported oil and gas will be hindered by territorial disputes, a report by energy intelligence specialist GlobalData has found.

This region witnessed the fastest economic growth in the world over the last decade, largely driven by the rapid industrialization and export-oriented strategies of its two rising stars - India and China. As a consequence, security of energy supply has now become pivotal to sustain this rising energy demand.

“Although China’s present energy policy is biased towards oil imports, significant activities in its domestic E&P and the government’s plan to promote its shale oil and gas reserves will see a shift in its energy supply balance”, notes Jennifer Santos, Head Consultant at GlobalData’s Energy Division.

Access to technology and finance has become less of a hindrance to offshore E&P activities compared to the growing territorial disputes between neighboring Asian countries. The most notable is the dispute in oil-rich Spratly Islands in the South China Sea.
Vietnam, China and the Philippines signed an accord in 2005 to safeguard oil and gas activities in the region, but tensions are still brewing among countries that claim ownership to this territory.

“Given the vast amounts of potential oil and gas reserves in South China Sea and its role as a vital shipping route, any territorial disputes will be detrimental to the region’s energy security, trade and political stability”, adds Santos.

That the Chinese official media criticized the historic cooperation agreement between state-owned PetroVietnam and Indian corporate ONGC Videsh for joint oil and gas exploration in South China Sea as “reckless and motivated by collecting political bargaining chips against China” portends of the potential adverse impact of territorial disputes on future offshore E&P activities in the region. China’s Global Times warned that it can use its might to disrupt the two companies’ exploration activities in the South China Sea. Similar territorial disputes exist between Azerbaijan, Turkmenistan and Iran for their claims on the Caspian Sea.
Offshore Oil and Gas Developments in Asia-Pacific - Burgeoning Energy Demand Drives Exploration and Production Activities
The latest report provides analysis on the rise in offshore activities in the Asia-Pacific region. The report documents the key discoveries, exploration and production of companies in the region and explains the key drivers behind the rise in offshore activity. The report also shows the significant offshore regions and basins in the region and explains how certain economic factors have led to their success.

Jennifer has over 10 years of experience in the field of business consulting, with five years of experience in energy-specific research. She currently heads the energy arm of the consulting division at GlobalData.