The total crude oil and condensate production of South East Asia decreased by 5.29% in 2023 when compared with 2022. The largest oil-producing countries in Asia are Indonesia, Malaysia and Vietnam. Through to 2030, annual crude oil and condensate production is forecasted to decrease by a CAGR of 8.68%. 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, Indonesia had the highest crude oil production, followed by Malaysia and Vietnam. Here are the 10 largest crude oil fields in South East Asia by production in 2023, according to GlobalData’s Oil & Gas, Upstream Fields Database.
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1. Banyu Urip Complex
Banyu Urip Complex is located in East Java, Indonesia. This 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 0.17mmbpd 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 14.05% of the total South East Asia daily crude oil and condensate output. Buy the profile here.
2. Champion Complex
Champion Complex is located in South China Sea, Brunei. This crude oil field is owned by Government of Brunei Darussalam (50.00%); Shell plc (50.00%) and operated by Brunei Shell Petroleum Company Sdn Bhd. The field produced 0.07mmbpd in 2023 and recovered 77.24% of its total recoverable crude oil and condensate reserves, with peak production in 2006. The peak production was approximately at 0.12mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 5.66% of the total South East Asia daily crude oil and condensate output. Buy the profile here.
3. 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 11.65% of the total South East Asia daily crude oil and condensate output. Buy the profile here.
4. Gumusut-Kakap
Gumusut-Kakap is located in Sabah, Malaysia. The field produced 0.09mmbpd in 2023 and recovered 66.02% of its total recoverable crude oil and condensate reserves, with peak production in 2016. The peak production was approximately at 0.16mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2038. The field currently accounts for approximately 7.08% of the total South East Asia daily crude oil and condensate output. Buy the profile here.
5. Offshore North West Java PSC
SOffshore North West Java PSC is located in Java Sea, Indonesia. The field produced 0.04mmbpd in 2023 and recovered 89.13% of its total recoverable crude oil and condensate reserves, with peak production in 1984. The peak production was approximately at 0.18mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2043. The field currently accounts for approximately 2.96% of the total South East Asia daily crude oil and condensate output. Buy the profile here.
6. Su Tu (Lion)
Su Tu (Lion) is located in South China Sea, Vietnam. The field produced 0.05mmbpd in 2023 and recovered 72.03% of its total recoverable crude oil and condensate reserves, with peak production in 2009. The peak production was approximately at 0.09mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 4.14% of the total South East Asia daily crude oil and condensate output. Buy the profile here.
7. Malikai
Malikai is located in Sabah, Malaysia. The field produced 0.05mmbpd in 2023 and recovered 49.1% of its total recoverable crude oil and condensate reserves, with peak production in 2018. The peak production was approximately at 0.07mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 4.21% of the total South East Asia daily crude oil and condensate output. Buy the profile here.
8. Sirikit
Sirikit is located in Kamphaeng Phet, Thailand. The field produced 0.02mmbpd in 2023 and recovered 76.63% of its total recoverable crude oil and condensate reserves, with peak production in 2021. The peak production was approximately at 0.04mmbpd 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 2.08% of the total South East Asia daily crude oil and condensate output. Buy the profile here.
9. D35, D21 & J4
D35, D21 & J4 is located in Sarawak, Malaysia. The field produced 0.02mmbpd in 2023 and recovered 56.57% of its total recoverable crude oil and condensate reserves, with peak production in 2019. The peak production was approximately at 0.02mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2075. The field currently accounts for approximately 1.36% of the total South East Asia daily crude oil and condensate output. Buy the profile here.
10. F28
F28 is located in Sarawak, Malaysia. The field produced 0.02mmbpd in 2023 and recovered 59.15% of its total recoverable crude oil and condensate reserves, with peak production in 2012. The peak production was approximately at 0.03mmbpd 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 1.93% of the total South East 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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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.
