A 2013 US EIA study estimated China held the world’s largest shale gas resources at over 1,160 Tcf. However, due to high exploration and production costs the sector has not met its growth expectations.
PTTEP announced in May its offshore Sirung-1 exploration well as an oil and gas discovery, intersecting a column of more than 100m in Miocene clastic reservoirs, in the shallow waters off the coast of Sarawak.
At, a virtual event held on 26 February 2021, with over 250 potential and existing investors, PETRONAS successfully launched the annual Malaysia Bid Round (MBR) 2021, with a total of 13 offshore exploration blocks on offer.
Madeleine Slatford, Middle East/South Asia Editor, NVentures Ltd
Bangladesh is geologically well positioned to pursue a strategy fuelled by natural gas, but the international Covid situation is causing continued delays; namely to the 2020 licensing round. This Hot Spot is brought to you in association with NVentures.
The Autoridade Nacional do Petróleo e Minerais Timor-Leste (ANPM) has invested in the latest data room technology to support ongoing 2nd Licensing Round and future oil and gas exploration in Timor-Leste.
John Mark Bautista, Philippines Department of Energy
Although the Philippines remains very much underexplored, working petroleum systems, proven hydrocarbon accumulations and an energy hungry economy suggest a promising future for oil and gas exploration and production in the region.