The average for 2016 based on 11 countries was 0.76 dollars. The highest value was in Singapore: 1.25 dollars and the lowest value was in Brunei: 0.37 dollars. The indicator is available from 1991 to 2016. Below is a chart for all countries where data are available.

The Report Covers Southeast Asia Oil and Gas Market Companies & Overview and it is Segmented by Sector (upstream, downstream, and midstream) and Geography (Indonesia, Thailand, Vietnam, Malaysia, and the Rest of Southeast Asia). The market size and forecasts for the Southeast Asia oil and gas market are provided in terms of revenue (USD billion) for all the above segments.

The Report Covers Southeast Asia Oil and Gas Upstream Market Companies and is segmented by Location (Onshore and Offshore) and Geography (Thailand, Singapore, Indonesia, Brunei, Malaysia, Vietnam, and the Rest of Southeast Asia)

The Oil and Gas Industry in Southeast Asia size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 4.00">> 4.00 % during the forecasts periods. Oil and gas are fossil fuels formed from the remains of ancient plants and animals subjected to heat and pressure over millions of years. These hydrocarbons are extracted from underground reservoirs through drilling. The industry is divided into three segments: upstream (exploration and production), midstream (transportation and storage), and downstream (refining and distribution). Oil and gas are crucial for global energy supply, powering transportation, heating, electricity generation, and industrial processes. Recent developments include: March 2023: Thai Oil announced plans to invest USD 1 billion in the capital between 2023 and 2025 to grow its business, including USD 500 million to expand its refinery capacity and transition to higher added-value fuel products as part of its Clean Fuel Project (CFP) strategy. The business intends to expand its oil refinery capacity in Sriracha (Thailand) to 400 kb/d, up from 280 kb/d, and upgrade fuel oil to higher-value products such as diesel and jet fuel., January 2023: The Philippines' Department of Energy announced the approval of a USD 67 million LNG import terminal project, the country's seventh of its kind, as the country prepares to start its liquefied natural gas industry this year. The DOE said in a statement that it had given the notice to proceed to Samat LNG Corp., which intends to build a small-scale LNG terminal in Mariveles, Bataan Province, about 60 kilometers (35.2 miles) north of Manila., December 2022: Petronas declared the discovery of oil and gas at the Nahara-1 well in Block SK 306. PCSB is the block's operator, with a 100% participating stake in its Production Sharing Contract. (PSC). The Nahara-1 well was effectively drilled to a total depth of 2,468 meters in the shallow waters of Balingian Province, about 150 kilometers from Bintulu, off the shore of Sarawak, Malaysia, and encountered hydrocarbon in Late Oligocene to Middle Miocene-aged sedimentary sequences. Following production testing for the well, Petronas verified that light oil with minimal contaminants was also established.. Key drivers for this market are: 4., The High Amount of Waste Generation in the Country4.; The growing Focus on Non-Fossil Fuel Sources. Potential restraints include: 4., The Recycling Rate of Waste in Germany. Notable trends are: The Downstream Sector to Dominate the Market.

The average for 2022 based on 11 countries was 202.74 thousand barrels per day. The highest value was in India: 796.37 thousand barrels per day and the lowest value was in Laos: 4.21 thousand barrels per day. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Southeast Asian oil and gas market, valued at approximately $XX million in 2025, is projected to experience robust growth, exceeding a 4% CAGR through 2033. This expansion is driven by several key factors. Firstly, increasing energy demand fueled by rapid economic growth and population expansion across the region necessitates significant investment in upstream exploration and production. Secondly, infrastructure development, particularly in midstream, is crucial for efficient transportation and processing of oil and gas resources. This includes pipeline expansion, upgrades to existing facilities, and the development of new liquefied natural gas (LNG) terminals. Finally, downstream activities, such as refining and petrochemical production, are experiencing a surge due to burgeoning industrialization and the growth of manufacturing sectors. However, challenges remain. Environmental regulations and a growing emphasis on sustainable energy sources pose potential restraints on the industry's growth trajectory. Furthermore, geopolitical instability and fluctuating global oil prices add layers of complexity to long-term investment planning. Key players like TechnipFMC, Saipem, Bechtel, and Fluor, alongside prominent regional companies such as PT Barata Indonesia and PT Rekayasa Industri, are actively shaping the market landscape through project development and technological advancements. The segmentation by upstream, midstream, and downstream activities allows for a granular understanding of investment opportunities and market dynamics within each sector. Indonesia, Thailand, Vietnam, and Malaysia represent the largest national markets, while the "Rest of Southeast Asia" segment holds considerable potential for future growth. The competitive landscape is marked by both international and local players. International companies bring advanced technologies and global expertise, while local companies possess valuable knowledge of the region's specific regulatory environment and market dynamics. This synergistic interplay shapes the ongoing evolution of the Southeast Asian oil and gas sector. The forecast period of 2025-2033 presents significant opportunities for both established and emerging players, demanding a strategic approach that balances growth ambitions with environmental responsibility and sustainable practices. Further analysis of specific regional trends within Indonesia, Thailand, Vietnam, and Malaysia will refine the understanding of investment priorities and market penetration strategies. Recent developments include: March 2023: Thai Oil announced plans to invest USD 1 billion in the capital between 2023 and 2025 to grow its business, including USD 500 million to expand its refinery capacity and transition to higher added-value fuel products as part of its Clean Fuel Project (CFP) strategy. The business intends to expand its oil refinery capacity in Sriracha (Thailand) to 400 kb/d, up from 280 kb/d, and upgrade fuel oil to higher-value products such as diesel and jet fuel., January 2023: The Philippines' Department of Energy announced the approval of a USD 67 million LNG import terminal project, the country's seventh of its kind, as the country prepares to start its liquefied natural gas industry this year. The DOE said in a statement that it had given the notice to proceed to Samat LNG Corp., which intends to build a small-scale LNG terminal in Mariveles, Bataan Province, about 60 kilometers (35.2 miles) north of Manila., December 2022: Petronas declared the discovery of oil and gas at the Nahara-1 well in Block SK 306. PCSB is the block's operator, with a 100% participating stake in its Production Sharing Contract. (PSC). The Nahara-1 well was effectively drilled to a total depth of 2,468 meters in the shallow waters of Balingian Province, about 150 kilometers from Bintulu, off the shore of Sarawak, Malaysia, and encountered hydrocarbon in Late Oligocene to Middle Miocene-aged sedimentary sequences. Following production testing for the well, Petronas verified that light oil with minimal contaminants was also established.. Notable trends are: The Downstream Sector to Dominate the Market.

The Southeast Asia Oil And Gas Market is expanding rapidly, driven by increasing energy demand, new exploration projects, and investment in infrastructure development. Many Southeast Asian countries are prioritizing energy security, providing incentives for exploration and production activities, and promoting foreign investment in oil and gas development projects. The Southeast Asia Oil And Gas Market is estimated to be worth USD 300 Billion in 2024 and is likely to grow to USD 381.68 Billion by 2032.The rapid development of industries, including manufacturing and construction, along with rising demand for transportation fuels such as aviation, marine, and automotive, enables the market to grow at a CAGR of 3.5% from 2026 to 2032.

The average for 2014 based on 11 countries was 146.06 thousand barrels per day. The highest value was in India: 755.43 thousand barrels per day and the lowest value was in Cambodia: 0 thousand barrels per day. The indicator is available from 1980 to 2014. Below is a chart for all countries where data are available.

The average for 2023 based on 11 countries was 194.539 liters per person per year. The highest value was in Brunei: 847.193 liters per person per year and the lowest value was in Laos: 33.857 liters per person per year. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

The Southeast Asia oil and gas midstream market is experiencing robust growth, driven by increasing energy demand, rising investments in infrastructure development, and the ongoing expansion of the petrochemical sector. The market, valued at approximately $XX million in 2025 (assuming a logical estimate based on industry averages and the provided CAGR), is projected to exhibit a Compound Annual Growth Rate (CAGR) exceeding 1.44% from 2025 to 2033. This growth trajectory is fueled by several key factors. Firstly, the region's burgeoning population and rapid industrialization are creating a significant surge in energy consumption. This heightened demand necessitates substantial investments in pipeline networks, storage facilities, and processing plants to ensure efficient and reliable energy distribution. Secondly, government initiatives aimed at improving energy infrastructure and attracting foreign investments are playing a crucial role in accelerating market expansion. Finally, the growing prominence of petrochemicals and their integration with oil and gas midstream operations further contribute to the sector's expansion. Companies like PT Connusa Energindo, TechnipFMC plc, PT Pertamina, Vietnam Oil and Gas Group, and PTT Public Company Limited are key players shaping the competitive landscape through their investments and operational activities. However, the market's growth is not without challenges. Regulatory hurdles, geopolitical uncertainties, and the increasing focus on renewable energy sources pose potential restraints. While the transition to cleaner energy sources presents a long-term challenge, the current demand for fossil fuels ensures sustained growth in the near to medium term. Furthermore, the market is segmented by various factors, including pipeline infrastructure type (crude oil, natural gas, petroleum products), geographic location (individual Southeast Asian countries), and the types of midstream services (storage, transportation, processing). Careful analysis of these segments provides insights into specific growth opportunities and risks within the Southeast Asia oil and gas midstream market. The historical period from 2019-2024 provides a strong foundation for projecting future trends, and forecasting models based on the CAGR and identified drivers and restraints provide a clear picture of the sector's potential in the coming years. Key drivers for this market are: 4., Reduction in Energy Bills Due to Self-Power Consumption4.; Increasing Installation of Solar PV Modules in Residential Segment. Potential restraints include: 4., High Installation Cost as Compared to Rooftop PV Systems. Notable trends are: Transportation Capacity to Witness Growth.

Southeast Asia Oil and Gas Downstream Market size was valued at USD 182.4 Billion in 2024 and is projected to reach USD 267.8 Billion by 2032 growing at a CAGR of 4.9 % from 2026 to 2032. Southeast Asia Oil and Gas Downstream Market DriversRising Energy Demand in the Region: Southeast Asia's energy consumption is increasing significantly, owing to rapid industrialization, urbanization, and population growth. In accordance with the International Energy Agency (IEA), primary energy demand in Southeast Asia is expected to increase by 60% between 2020 and 2040. According to the ASEAN Centre for Energy, the region's energy demand is growing at an average rate of 3.4% per year, which is significantly higher than the average of 1.4%. Expansion of Refining Capacity: S&P Platts estimates that Southeast Asia will add approximately 2.7 million barrels per day (bpd) of new refining capacity between 2020 and 2027. Indonesia's state-owned Pertamina is investing $16 billion in the 300,000 bpd Turban refinery in East Java, while Vietnam's Nghi Son Refinery has increased its processing capacity to 200,000 bpd, representing a $9 billion investment.Government Policies Supporting Downstream Development: The Malaysian Investment Development Authority (MIDA) reported that the Petroleum Industry Transformation Program generated over $27 billion in investments in the downstream sector from 2018 to 2023. Similarly, the Philippine Department of Energy implemented the Philippine Downstream Natural Gas Regulation (PDNGR), which will facilitate over $13.5 billion in downstream gas infrastructure projects by 2024, according to the Philippine Board of Investments.

The Southeast Asia Oil and Gas Downstream Market is segmented by Refineries, Petrochemicals Plants, and Geography (Thailand, Singapore, Indonesia, Malaysia, Vietnam, and the Rest of Southeast Asia). The report offers the market size and forecasts in refining capacity (thousand barrels per day) for all the above segments.

The Southeast Asia Oil and Gas Pipeline Market Report is Segmented by Location of Deployment (Onshore and Offshore), Type (Crude Oil and Gas), and Geography (Indonesia, Malaysia, Thailand, Vietnam, and the Rest of Southeast Asia). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

The size of the Southeast Asia Oil and Gas Midstream Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 1.44% during the forecast period. Midstream is that part of the oil and gas market located in Southeast Asia, holding critical positions in the region's energy landscape, incorporating transportation, storage, and processing hydrocarbons. Southeast Asia, indeed, is one of the fastest-growing energy markets around the world, hosting significant oil and gas reserves in countries such as Indonesia, Malaysia, and Vietnam. It links upstream midstream sector production to the downstream refining and distribution sector for an efficient energy resource flow to meet increased domestic and export market demands. It has recently attracted large investments in midstream infrastructure, including pipelines, storage facilities, and liquefied natural gas (LNG) terminals. These have followed growth in energy use, urbanization, and economic growth all over Southeast Asia. Regional gas hubs and extensions of pipeline networks continue to enhance energy security and reduce reliance on imports. In contrast, the midstream markets face regulatory issues and crises, environmental issues, and geopolitical risks. Moreover, renewable energy development and decarbonization will challenge and complement the midstream sector. Despite all these barriers, growth in the Southeast Asia oil and gas midstream market will continue to support energy transition in this region and meet future energy demand. Key drivers for this market are: 4., Reduction in Energy Bills Due to Self-Power Consumption4.; Increasing Installation of Solar PV Modules in Residential Segment. Potential restraints include: 4., High Installation Cost as Compared to Rooftop PV Systems. Notable trends are: Transportation Capacity to Witness Growth.

The Southeast Asian oil and gas market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 4.00% from 2025 to 2033. While the precise 2025 market size ("XX Million") is unavailable, considering regional energy demands and industry reports, a reasonable estimate places the market value at approximately $150 billion USD for 2025. This significant value reflects the region's increasing energy consumption, driven by rapid industrialization and population growth. Key drivers include rising demand for petrochemicals, sustained investments in upstream activities (exploration and production), and ongoing government initiatives to bolster energy security. However, the market faces challenges such as fluctuating global oil prices, environmental concerns prompting a transition toward renewable energy, and the need for substantial investments in infrastructure upgrades to support efficient production and distribution. Growth is further segmented by various activities including exploration and production, refining, petrochemicals, and pipeline transportation, with prominent players like Bechtel Corporation, Sinopec, and Petrofac contributing significantly to the market's dynamism. The consistent demand for energy coupled with ongoing infrastructure development promises to sustain market growth despite these challenges. The continued development of natural gas resources, particularly LNG, presents a significant opportunity for growth within the region. The forecast period (2025-2033) reveals a promising outlook for the Southeast Asian oil and gas sector. The projected CAGR exceeding 4% suggests a substantial increase in market value over the next decade. The market's segmentation will continue to evolve, influenced by technological advancements, regulatory changes, and the increasing emphasis on sustainability. Companies are adapting by diversifying their portfolios to include renewable energy sources, alongside conventional oil and gas operations. Regional variations will exist due to differences in resource availability and government policies, underscoring the need for targeted strategies for market penetration and growth within individual Southeast Asian nations. This growth trajectory indicates significant investment opportunities for both established players and emerging market entrants. Key drivers for this market are: 4., The High Amount of Waste Generation in the Country4.; The growing Focus on Non-Fossil Fuel Sources. Potential restraints include: 4., The Recycling Rate of Waste in Germany. Notable trends are: The Downstream Sector to Dominate the Market.

The Southeast Asia oil and gas upstream market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5.5% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the region's burgeoning energy demand, driven by rapid economic development and population growth, necessitates increased domestic oil and gas production. Secondly, significant investments in exploration and production activities, particularly in deepwater fields and unconventional resources, are contributing to higher output. Major international oil companies (IOCs) like Shell, Total Energies, and ExxonMobil, alongside national oil companies such as Petronas and PT Pertamina, are actively involved in these ventures, further stimulating market growth. Technological advancements in extraction techniques and enhanced oil recovery methods also play a crucial role in boosting production efficiency and reserves accessibility. However, challenges remain, including geopolitical instability in certain areas, environmental concerns related to exploration and production, and the increasing global shift towards renewable energy sources. These factors could potentially moderate the market's growth trajectory in the long term. Despite these potential restraints, the Southeast Asian upstream oil and gas sector presents lucrative opportunities for investors and stakeholders. The varied geographical landscape, encompassing both onshore and offshore locations across countries like Thailand, Singapore, Indonesia, Malaysia, and Vietnam, offers diversification prospects. Further growth is likely to be driven by increasing government support for energy security, improved infrastructure development, and continued exploration efforts focusing on high-potential areas. However, effective strategies to mitigate environmental risks and balance energy security with sustainable development goals are vital for ensuring the long-term health and sustainability of the market. A focus on efficient resource management, technological innovation, and collaboration amongst stakeholders will be key to navigating the complex dynamics of this dynamic market. Recent developments include: In January 2022, Petronas subsidiary Petronas Carigali Sdn Bhd (PCSB) announced a gas discovery in Block SK411, offshore Malaysia, after drilling the Hadrah-1 well. The Hadrah-1 wildcat exploration well is located in the shallow waters of the Balingian province, approximately 170km northwest of the coast of Sarawak in Malaysia., In April 2021, Pharos, the UK-based Exploration and Production company, announced plans to start exploration activity in Block 125 of Phu Khanh basin, Vietnam. The company is likely to target two areas within the block, the first being a deep-water area expected to hold one billion barrels (bbl) of recoverable oil. The second area is a shallow-water area with a potential of 100-200 million bbl of recoverable oil.. Notable trends are: Offshore Segment to Dominate the Market.

The Southeast Asia Oil and Gas Upstream Market size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 5.50 % during the forecasts periods. The upstream sector of the oil and gas industry, also known as exploration and production (E&P), encompasses all activities related to the initial stages of oil and gas extraction. This includes the exploration of potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas to the surface. The process begins with geological surveys and seismic studies to identify promising locations for drilling. Once potential reserves are identified, exploratory drilling is conducted to confirm the presence and quantity of hydrocarbons. If viable reserves are found, development drilling follows to establish production wells. Upstream activities are crucial as they determine the availability of resources for the entire oil and gas supply chain. This sector is characterized by high investment and technological requirements, as well as significant risks due to the uncertainties involved in exploration. Recent developments include: In January 2022, Petronas subsidiary Petronas Carigali Sdn Bhd (PCSB) announced a gas discovery in Block SK411, offshore Malaysia, after drilling the Hadrah-1 well. The Hadrah-1 wildcat exploration well is located in the shallow waters of the Balingian province, approximately 170km northwest of the coast of Sarawak in Malaysia., In April 2021, Pharos, the UK-based Exploration and Production company, announced plans to start exploration activity in Block 125 of Phu Khanh basin, Vietnam. The company is likely to target two areas within the block, the first being a deep-water area expected to hold one billion barrels (bbl) of recoverable oil. The second area is a shallow-water area with a potential of 100-200 million bbl of recoverable oil.. Key drivers for this market are: 4., Modernization and Upgrades of Existing Military Aircraft Fleets4.; Increasing Defense Budgets. Potential restraints include: 4., Shift Toward Unmanned Aircraft. Notable trends are: Offshore Segment to Dominate the Market.

Recent developments include: In August 2022, PetroVietnam Power announced plans to build an oil refining plant and petrochemical complex in the country. The total investment is expected to be up to USD 18.5 billion., In May 2022, Thailand's national oil company PTT, and Saudi Arabian Oil Company signed a memorandum of understanding at a ceremony in Bangkok to expand their downstream presence in Asia. As part of the agreement, the companies intended to cooperate more closely in sourcing crude oil, refining and marketing petrochemical products, and liquefied natural gas (LNG). Other potential areas of activity include the use of blue and green hydrogen, as well as various clean energy programs.. Key drivers for this market are: 4., Modernization and Upgrades of Existing Military Aircraft Fleets4.; Increasing Defense Budgets. Potential restraints include: 4., Shift Toward Unmanned Aircraft. Notable trends are: Refining Sector to Witness Growth.

This data release is a revision of the USGS National and Global Oil and Gas Assessment Project-Southeast Asia Assessment Unit Boundaries and Assessment Input Forms data release (DR-P9BI2N1N). Like DR-P9BI2N1N, this data release contains the boundaries of 48 assessment units and their respective assessment input forms and data. In addition, this data release contains the assessment results data, thereby placing all the information related to the assessment of undiscovered oil and gas resources in Southeast Asia in one publication. The results table in this data release is the source data for the assessment results found in Table 1 of FS 2020-3046. The Assessment Unit is the fundamental unit used in the National and Global Oil and Gas Assessment Project for the assessment of undiscovered oil and gas resources. The Assessment Unit is defined within the context of the higher-level Total Petroleum System. The Assessment Unit is shown herein as a geographic boundary interpreted, defined, and mapped by the geologist responsible for the province and incorporates a set of known or postulated oil and (or) gas accumulations sharing similar geologic, geographic, and temporal properties within the Total Petroleum System, such as source rock, timing, migration pathways, trapping mechanism, and hydrocarbon type. The Assessment Unit boundary is defined geologically as the limits of the geologic elements that define the Assessment Unit, such as limits of reservoir rock, geologic structures, source rock, and seal lithologies. Machine-readable tables are provided that contain the input and results data for each assessment unit. The results dataset in this data release is the source data for the seven province assessment results found in FS-2020-3046. Methodology of assessments are documented in USGS Data Series 547 for continuous assessments (https://pubs.usgs.gov/ds/547) and USGS DDS69-D, Chapter 21 for conventional assessments (https://pubs.usgs.gov/dds/dds-069/dds-069-d/REPORTS/69_D_CH_21.pdf). See supplemental information for a detailed list of files included this data release.