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Rystad Foresees 50 New Fossil Fields, Four Billion Barrels of New Production, By 2020

January 26, 2018
Reading time: 1 minute

Department of Energy/Flickr

Department of Energy/Flickr

Fifty new oil and gas fields in Southeast Asia, holding a combined four billion barrels of oil or equivalent, are likely to be approved for development between 2018 and 2020, according to industry data powerhouse Rystad Energy.

Natural gas is expected to account for 85% of the new production, with Vietnam delivering the biggest increase this year.

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“Strong economic growth has led to burgeoning domestic gas demand throughout the region,” said research analyst Readul Islam. “The resulting uptick in local gas prices as well as the pollution profile of the fuel compared to alternatives means both operators and governments are incentivized to push natural gas projects.”

The projects will soak up US$28 billion in capital investment. Malaysia is expected to develop 37% of the new resources and draw 42% of the new investment, while Indonesia accounts for the largest number of new fossil fields, at 19.

Out of the 50 projects, Islam said some of the biggest pieces of new infrastructure are already in place, and several projects are “later phases of earlier developments,” Rigzone reports.







in Asia, Community Climate Finance, Oil & Gas

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Rystad Foresees 50 New Fossil Fields, Four Billion Barrels of New Production, By 2020

January 26, 2018
Reading time: 1 minute

Department of Energy/Flickr

Department of Energy/Flickr

Fifty new oil and gas fields in Southeast Asia, holding a combined four billion barrels of oil or equivalent, are likely to be approved for development between 2018 and 2020, according to industry data powerhouse Rystad Energy.

Natural gas is expected to account for 85% of the new production, with Vietnam delivering the biggest increase this year.

Get the latest climate news and analysis, direct to your inbox.

Subscribe Today

View our latest digests

“Strong economic growth has led to burgeoning domestic gas demand throughout the region,” said research analyst Readul Islam. “The resulting uptick in local gas prices as well as the pollution profile of the fuel compared to alternatives means both operators and governments are incentivized to push natural gas projects.”

The projects will soak up US$28 billion in capital investment. Malaysia is expected to develop 37% of the new resources and draw 42% of the new investment, while Indonesia accounts for the largest number of new fossil fields, at 19.

Out of the 50 projects, Islam said some of the biggest pieces of new infrastructure are already in place, and several projects are “later phases of earlier developments,” Rigzone reports.







in Asia, Community Climate Finance, Oil & Gas

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

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540+ Dead, Hundreds Missing as Towering Flash Flood in Nepal Points to Extreme Heat, Heavy Rainfalls

August 28, 2026
1000
Sarah Yurchevich

Alberta Woman Maps Out the Facts About Power-Hungry Data Centres

August 25, 2026
756
picryl

Trump Trade War Could Be a Catalyst to Speed Canada’s Energy Transition, Experts Say

August 25, 2026
720

The End of the World vs. the End of the Week: Carney’s Pushback on Trump’s Bullying Could Point to the Next Energy Transition Moment

by Mitchell Beer
August 23, 2026

…

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