Why SE Asia
Upstream renewal is underway in SE Asia
Growing Population
Population >670 million (480 million in Indonesia, Philippines & Vietnam, 50% urban, with median age of 30 years) with increasing demand for oil & gas
Open for Business
SE Asia requires more upstream oil & gas investment and is very much open-for- business (and open to new ideas)
Changing playing field
Playing field is changing and providing new opportunities. Major companies are divesting. Many assets are available
Exploration Opportunities
Vast areas of SE Asia remain poorly explored and immature for exploration
Ready Crude Demand
Ready demand for crude, especially as Asian refineries are highly dependent on Middle East
Gas Infrastructure
Good gas infrastructure and gas prices