Planned FIDs on new offshore gas projects in Southeast Asia could lead to $100 billion of investments, according to Rystad Energy.
The main drivers are deepwater developments, recent successful discoveries offshore Indonesia and Malaysia, and advances in carbon capture and storage (CCS).
Oil and gas majors will likely account for 25% of the planned investments through 2028, and national oil companies (NOCs) about 31%.
East Asian upstream companies should have a 15% share with growth potential via mergers and acquisition and upcoming exploration ventures. The role of the majors could…
