Asia Pacific's Upstream Sector Prepares for 2026 with Offshore Gas Projects and Frontier Drilling
Asia Pacific's upstream sector is advancing towards 2026, focusing on large offshore gas projects and frontier drilling. Notable developments include Indonesia's Tangkulo discovery targeting FID by mid-2026 and first gas by late-2028, while Malaysia's PETRONAS and ENEOS are working on the BIGST cluster for gas delivery by 2029. Vietnam's Murphy Oil aims for first oil from the Lac Da Vang field by Q4 2026. Key offshore projects in Indonesia, Malaysia, Papua New Guinea, and Australia are set to enhance LNG supply and export capabilities, with significant exploration wells planned for 2026.
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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.
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