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Review of 2012 - South East Asia upstream sector

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30 January 2013

Review of 2012 - South East Asia upstream sector

Report summary

Malaysia was the stand-out performer in South East Asia's upstream sector in 2012. It had the region's three largest discoveries, adding 6.3 tcf of gas reserves in shallow-water Sarawak alone, and awarded a record 14 blocks. Discovered reserves across the rest of the region fell by more than 50% year-on-year, despite sustained levels of E&A investment. Indonesia was particularly disappointing, contributing only 14% of new discovered volumes, versus 72% from Malaysia.

Table of contents

  • Executive Summary
    • Licensing activity
      • Indonesia
      • Malaysia
      • Myanmar
      • Vietnam
      • Thailand
      • Philippines
    • Exploration drilling
    • Key discoveries and notable dry holes
      • Indonesia
      • Malaysia
      • Other discoveries
      • Development activity
        • Key start-ups
        • Project sanctions and progress
        • Development delays and issues
      • Corporate M&A
      • Events to watch in 2013
        • Beyond exploration

Tables and charts

This report includes 11 images and tables including:

  • Licence awards 2003-2012
  • Exploration and appraisal activity (2003-2012)
  • Discovered reserves by water depth (2003-2012)
  • 2012 net acreage awards, by top 10 companies
  • Key discoveries in 2012
  • Discovered volumes and average field size (2003-2012)
  • Net resources discovered in 2012 - top 10 companies
  • 2012 exploration wells - top 10 most active operators
  • New reserves brought onstream (2003-2012)
  • Commercial reserves traded (2008-2012)
  • 10 largest fields brought onstream in 2012