The total Crude oil and condensate production of South East Asia in 2022 was 1.36mmbpd, a decrease of 5.84% when compared to 2021. The largest oil-producing countries in Asia are Indonesia, Malaysia and Vietnam. Through to 2030, annual crude oil and condensate production is forecasted to decrease by a CAGR of 8.89% to reach 0.59mmbpd. GlobalData uses proprietary data and analytics to provide a complete picture of the total Asia oil & gas fields segment.
Rossukon is located in Gulf of Thailand, Thailand. This crude oil field is owned by Northern Gulf Petroleum Pte (14.25%), Tap Oil (42.75%), Valeura Energy (43.00%) and operated by KrisEnergy (Gulf of Thailand). Production from this field is expected to begin in 2023 and is forecasted to peak in 2025, approximately at the rate of 1.83mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2040. The project is expected to have recoverable reserves of 12.61mmbbl of crude oil and condensate.
Valeura Energy Inc (TSX:VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.