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Upstream strategies for success in Asia Pacific

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20 November 2019

Upstream strategies for success in Asia Pacific

Report summary

The upstream industry is increasingly being challenged by the energy transition, which is adding additional complexity to investment decisions, business development and strategic planning. But as Asia's energy demand continues to grow, new upstream investment is still needed to support the regional supply outlook. Asia Pacific holds 170 billion barrels of oil equivalent (boe) of remaining discovered resources. Around 100 billion boe are already onstream or under development, but the remaining 70 billion has yet to be commercialised. For operators targeting growth in Asia Pacific, the energy transition presents opportunities across the key resource capture themes of exploration, improved recovery and M&A. This is a version of a presentation made at the 2019 Wood Mackenzie Energy & Commodities Summit, held on Tuesday 12 November in Singapore.

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