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Asia Pacific's upstream sector is gearing up for 2026, marked by significant offshore gas projects and frontier drilling initiatives. Indonesia leads with the Tangkulo discovery aiming for FID by mid-2026 and first gas by late-2028, alongside the Mako gas field targeting 2026 for FID.

Malaysia's PETRONAS and ENEOS are developing the BIGST cluster to deliver gas by 2029. Vietnam's Murphy Oil plans to produce from the Lac Da Vang field by Q4 2026. Meanwhile, major projects in Indonesia, Malaysia, Papua New Guinea, and Australia are expected to boost LNG supply. Exploration wells are also scheduled for drilling in 2026, potentially expanding the resource base across the region.