The total crude oil and condensate production of Asia increased 0.74% in 2023 when compared to 2022. The largest oil-producing countries in Asia are China, India and Indonesia. Through to 2030, annual crude oil and condensate production is forecasted to decrease by a CAGR of 2.81%. GlobalData uses proprietary data and analytics to provide a complete picture of the total Asia oil & gas fields segment. Buy the latest oil & gas fields profiles here.
In 2023, China had the highest crude oil production, followed by India and Indonesia. Here are the 10 largest crude oil fields in Asia by production in 2023, according to GlobalData’s Oil & Gas, Upstream Fields Database.
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1. Changqing (PetroChina)
Changqing (PetroChina) is located in Shaanxi, China. This crude oil field is owned by China National Petroleum Corp (100.00%) and operated by PetroChina Changqing Oilfield Co. The field produced 0.5mmbpd in 2023 and recovered 37.56% of its total recoverable crude oil and condensate reserves, with peak production in 2035. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2066. The field currently accounts for approximately 10.26% of the total Asia daily crude oil and condensate output. Buy the profile here.
2. Daqing (Petrochina)
Daqing (Petrochina) is located in Heilongjiang, China. This crude oil field is owned by China National Petroleum Corp (100.00%) and operated by Daqing Oilfield Co Ltd. The field produced 0.51mmbpd in 2023 and recovered 84.23% of its total recoverable crude oil and condensate reserves, with peak production in 1994. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2055. The field currently accounts for approximately 8.72% of the total Asia daily crude oil and condensate output. Buy the profile here.
3. Shengli
Shengli is located in Shandong, China. This crude oil field is owned by China Petrochemical Corp (65.70%); Frontier Oil Corp (25.72%), ACEN Corp (8.57%) and operated by Sinopec Shengli Oilfield Co. The field produced 0.46mmbpd in 2023 and recovered 65.59% of its total recoverable crude oil and condensate reserves, with peak production in 1996. The peak production was approximately at 0.58mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2067. The field currently accounts for approximately 7.88% of the total Asia daily crude oil and condensate output. Buy the profile here.
4. Xinjiang (PetroChina)
Xinjiang (PetroChina) is located in Xinjiang, China. This crude oil field is owned by China National Petroleum Corp (100.00%) and operated by PetroChina Co Ltd. The field produced 0.28mmbpd in 2023 and recovered 54.38% of its total recoverable crude oil and condensate reserves, with peak production in 2026. The peak production will be approximately at 0.32mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2059. The field currently accounts for approximately 4.89% of the total Asia daily crude oil and condensate output. Buy the profile here.
5.Mumbai High
Mumbai High is located in Arabian Sea, India. This crude oil field is owned and operated by Oil and Natural Gas Corp Ltd (100.00%). The field produced 0.23mmbpd in 2023 and recovered 75.22% of its total recoverable crude oil and condensate reserves, with peak production in 1989. The peak production was approximately at 0.4mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2051. The field currently accounts for approximately 3.96% of the total Asia daily crude oil and condensate output. Buy the profile here.
6. Yanchang
Yanchang is located in Shaanxi, China. This crude oil field is owned by Shaanxi Yanchang Petroleum (Group) Co Ltd (100.00%) and operated by Yanchang Oilfield Corp Ltd. The field produced 0.23mmbpd in 2023 and recovered 48.12% of its total recoverable crude oil and condensate reserves, with peak production in 2014. The peak production was approximately at 0.26mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2058. The field currently accounts for approximately 3.93% of the total Asia daily crude oil and condensate output. Buy the profile here.
7. Liaohe
Liaohe is located in Liaoning, China. This crude oil field is owned by China National Petroleum Corp (100.00%) and operated by PetroChina Co Ltd. The field produced 0.21mmbpd in 2023 and recovered 61.5% of its total recoverable crude oil and condensate reserves, with peak production in 1995. The peak production was approximately at 0.31mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2062. The field currently accounts for approximately 3.67% of the total Asia daily crude oil and condensate output. Buy the profile here.
8. Xibei
Xibei is located in Xinjiang, China. This crude oil field is owned by China Petrochemical Corp (100.00%) and operated by China Petroleum & Chemical Corp. The field produced 0.19mmbpd in 2023 and recovered 55.05% of its total recoverable crude oil and condensate reserves, with peak production in 2026. The peak production will be approximately at 0.14mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 3.21% of the total Asia daily crude oil and condensate output . Buy the profile here.
9. Banyu Urip Complex
Banyu Urip Complex is located in East Java, Indonesia. This crude oil field is owned by Exxon Mobil Corp (45.00%); PT Asri Dharma Sejahtera (4.50%); PT Blora Patragas Hulu (2.20%); PT Pertamina (Persero) (45.00%); PT Petro Gas Jatim Utama Cendana (2.20%); PT Sarana Patra Hulu Cepu (1.10%) and operated by PT Pertamina EP Cepu. The field produced 0.15mmbpd in 2023 and recovered 57.37% of its total recoverable crude oil and condensate reserves, with peak production in 2020. The peak production was approximately at 0.22mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 2.5% of the total Asia daily crude oil and condensate output. Buy the profile here.
10. Rokan PSC
Rokan PSC is located in Riau, Indonesia. This crude oil field is owned by PT Pertamina (Persero) (100.00%) and operated by PT Pertamina Hulu Rokan. The field produced 0.14mmbpd in 2023 and recovered 97.83% of its total recoverable crude oil and condensate reserves, with peak production in 1973. The peak production was approximately at 0.94mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2033. The field currently accounts for approximately 2.35% of the total Asia daily crude oil and condensate output. Buy the profile here.
For more details on the upstream fields, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
