SOUTH ASIA

(The Asia-Pacific)

 

POPULATION:  mm

AREA (on):  km2

OIL PEAK:  (forecast)

 

SUPPLY

Major oil production in South Asia comes from offshore India, an area which has seen considerable investment since 1999. Growth is expected until 2010 but declines within the old Mumbai High field will then surpass new oil from additional field developments on the west and east coast. However, increases in onshore production are also forecast over the short term from India.

Gas production is more evenly spread across the region and output is expected to be maintained or increased both offshore and onshore in all producing countries, especially from new fields located in the deep waters of eastern India.

 

DEMAND

Like China, India has seen exceptional economic growth and oil consumption has substantially increased as a result. There is little sign that the European and North American recession or high prices has more than briefly slowed this expansion. Increasing consumption is forcing oil import needs rapidly higher, probably only slowing after high prices finally quell demand in 2016.

Gas consumption is also increasing, as new fields are developed in many regions. Until recently there was no cross-border gas trade in the region but India is beginning to import LNG, even after producing its deep water gas.

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this region can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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