47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025

Wonderful news for Oil & Gas in Southeast Asia !  Long overdue.

Indonesia and Malaysia Lead in Upcoming Oil and Gas Projects Count in Southeast Asia to 2025

A total of 47 crude and natural gas projects are slated to commence operations in six countries across Southeast Asia over the period 2018 to 2025. Among the countries, Malaysia and Indonesia are set to lead in terms of planned and announced oil and gas projects during the forecast period, says leading data and analytics company GlobalData.

Of the total crude and natural gas projects, 22 are planned projects with identified development plans and 25 are early-stage announced projects that are undergoing conceptual studies and that are expected to get approved for development.

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Is that a lot?  I need a frame of reference here. 

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There have been almost no new oil & gas projects over here in Southeast Asia for the last few years.  Time to play catch-up.

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On 10/18/2018 at 7:54 PM, Tom Kirkman said:

There have been almost no new oil & gas projects over here in Southeast Asia for the last few years.  Time to play catch-up.

What took you from "almost none" to "playing catch-up"?  My naive expectation would be a slow ramp correlated with the price of oil, but it seems there are other variables at play.

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28 minutes ago, mthebold said:

What took you from "almost none" to "playing catch-up"?  My naive expectation would be a slow ramp correlated with the price of oil, but it seems there are other variables at play.

Low oil prices.  Everyone in the oil industry got bit so dang hard during the last oil price crash a few years ago, that nobody wanted to risk venturing into new projects with bad or negative cash flow.

Now, with oil bulls chomping at the bit and media pundits promoting dancing fairies of $100 oil again, head honchos are getting greedy again and prolly dreaming about getting a big fat bonus for putting a juicy new project on the grill to feast on.

Just my opinion, your mileage may vary.

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