Rice field

Market Review

Compelling Case for Oil & Gas Investment in South East Asia, Underpinned by Forecast Energy Demand

Increasing gas demand in South East Asia is widening the gas deficit. This, combined with the significant, underdeveloped resources in the region, make for a compelling investment proposition. Coro plans to leverage their local connections, and the existing, strong infrastructure in South East Asia, to acquire and develop a series of assets in the region.

Demand outstrips supply in South East Asia

  • Gas demand is expected to overtake production between 2020 and 2030.
  • In Indonesia, natural gas production has been in decline since 2010 and consumption is also expected to grow rapidly.  
  • Gas consumption as a share of primary energy is forecasted to increase to 2040 - while oil remains flat.
Oil production in SE Asia remains flat to declining.

Oil production in SE Asia remains flat to declining.

... as does gas production meaning current supply will not be able to keep up with demand going forward.

... as does gas production meaning current supply will not be able to keep up with demand going forward.

Significant undiscovered volumes

  • Opportunity to commercialise existing discoveries.
  •  Ready market for new discoveries.

Prolific Hydrocarbon region with significant recent discoveries

Conoco Phillips & Repsol granted Corridor PSC extension in Sumatra for 20 years

  • Corridor currently doing 830 mmscf/d
  • Estimated 2.5 Tcf of gas reserves remaining

 

JUNE 2019

PTTEP, KUFPEC & PETRONAS 2-3 TCF DISCOVERY

JULY 2019

ENI 2-3 TCF DISCOVERY OFFSHORE VIETNAM