KUALA LUMPUR, Feb 12, 2025 - (ACN Newswire) - According to data from the "China Offshore Energy Development Report 2024", global investment in offshore oil and gas exploration and development reached approximately USD 209.6 billion in 2024, marking four consecutive years of growth with an average annual growth rate of 11%. It is expected that in the coming year, namely 2025, this investment will further climb to USD 220 billion. Among them, the Asia-Pacific market has shown particularly strong performance, with multiple projects successfully obtaining development authorizations.

To explore the latest development trends and opportunities in the Asia-Pacific offshore oil and gas industry, the 25th Offshore Asia Pacific Summit × FPS Malaysia 2025(OAP2025) will be held grandly in Kuala Lumpur, Malaysia, from February 24th to 25th!

OAP2025 WILL FOCUS ON THE IMPORTANT NEW OFFSHORE & FPS PROJECT UPDATES IN APAC

Under the current new normal of oil prices, the offshore oil and gas industry faces unprecedented opportunities and challenges. OAP2025 will focus on inviting key operators responsible for developing the top ten discovered oil and gas fields in Southeast Asia, and will conduct in-depth discussions on the development prospects and challenges of these fields.

- The Abadi gas field in Indonesia. The deepwater field has 18 TCF of gas in place and was discovered by Inpex with its partner, Shell in 2000. INPEX along with new partners Petronas and Pertamina plans to complete the Abadi project.

- The Layaran-1 well in Indonesia. The discovery well was drilled by Mubadala in 2023. Test data show 6 TCF of gas in place.

- The Geng-North 1 well in Indonesia. Eni drilled this discovery well in 2023. The gas in place is said to be 5 TCF.

- The Kawasari Field in Sarawak Malaysia. Petronas discovered the Kawasari field located in Block SK 316 offshore Sarawak in 2011 with 2 TCF of gas in place.

- The Marjoram/Rosmari development project in Sarawak Malaysia. Shell discovered the deepwater Marjoram and Rosmari sour gas fields in 2014. The two fields contain 2 TCF of combined gas in place.

- The Jerun Field in Sarawak Malaysia. Shell discovered this offshore field in Block SK 408 with 1.5 TCF of gas in place in 2016. The Jerun gas field was discovered by SapuraOMV Upstream with its partners, Sarawak Shell and Petronas Carigali.

- Block B Gas development in Vietnam. This huge integrated gas and power project involves Vietnam Oil and Gas Group, Petro Vietnam Exploration Production Corporation Limited, Petro Vietnam Gas Joint Stock Corporation, PTTEP of Thailand, and Mitsui of Japan.

- Ca Voi Xanh field in Vietnam. The Cai Voi Xanh field was discovered by ExxonMobil and PetroVietnam in 2011. This is one of Vietnam’s two largest gas discoveries with a gross gas volume estimated at 7 TCF (including CO2 and other inert gas).

- B14 gas field in Sarawak, Malaysia. SapuraOMV along with its partners Petronas and Mitsubishi. With 1.3 TCF of gas in place,production is scheduled to begin in 2028.

- BIGST Cluster in Malaysia. The cluster comprised of five undeveloped high-CO2 gas fields – the Bujang, Inas, Guling, Sepat, and Tujoh fields – was awarded to Petronas Carigali and JX Nippon Oil and Gas Corporation.

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