1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends
Southeast Asia Oil & Gas EPC Market - Growth, Trends, and Forecast (2019 - 2024)

Southeast Asia Oil & Gas EPC Market - Growth, Trends, and Forecast (2019 - 2024)

  • July 2019
  • 124 pages
  • ID: 5797255
  • Format: PDF
  • By Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

Market Overview
The market for Southeast Asia oil & gas EPC is estimated to witness a decline of 10.99% in 2019 over the previous year. The market is driven by the increasing demand for LNG infrastructure on account of growing urbanization, which has led to an increased demand for LNG for domestic consumption, as well as for the production of electricity. On the flip side, players continue to face a myriad of challenges, which result in lengthy development times of up to 12 years, for deepwater projects and is likely to restrain the EPC market in the region.

- The downstream segment dominated the market in 2018, and it consists of refineries and petrochemical plants. The segment has been undergoing major upgradation, owing to the increasing demand.
- Countries, such as Brunei, Vietnam, and Burma, have enormous potential for the oil and gas industry across all the three sectors, namely, upstream, midstream, and downstream. This is likely to act as an opportunity for the EPC market.
- Indonesia is expected to dominate the market, owing to a large number of new refineries being constructed.

Key Market Trends
Downstream Sector Dominated the Market

- Southeast Asia is home to some of the fastest-growing economies. The cumulative population is expected to grow by as much as ~13% by 2030, with the region’s GDP more than doubling in the same period.
- This means that irrespective of the drive toward sustainability and non-fossil fuel based transport, the demand for energy is expected to rise sharply in the region, and demand for goods derived from chemicals is expected to be a driver of demand for refined oil and gas products, which are products of the downstream oil and gas industry.
- Southeast Asia has been witnessing an increasing amount of investments in the oil and gas downstream industry, with Indonesia, Malaysia, and the Philippines being the fueling regional hotspots.
- With several downstream projects and the increasing amount of investment in the region, in order to meet the demand from consumers is likely to drive the downstream oil & gas EPC market in the region.

Indonesia is Expected to Dominate the Market

-
Indonesia, though the third biggest oil producer in the Asia-Pacific region, after China and India, is a net importer of the crude. In recent years the upstream industry of Indonesia has failed to meet even the domestic refining capacity. Also, the country’s demand for refined products exceeds domestic refining capacity. These factors indicate the need for the development of the upstream and downstream sector.
-
Over the last decade, Indonesia’s refining capacity remained flat at around a million barrels per day. The average refinery utilization rate in the country is about 80%. As of 2018, Indonesia had a refining capacity of 1.116 million barrels per day while the consumption of the refined product in the country during the same year was over 1.7 million barrels per day.
-
As a result, Indonesia imports about 35% of the refined products consumed in the country. The imports of refined products in large quantities is putting pressure on Indonesia’s foreign currency reserves. To address this problem, in March 2017, the Government of Indonesia announced its plans to more than double the refining capacity, during 2017-2025, to reach 2.2 million barrels per day. As a result of these policies, major refinery and petrochemical plant construction and upgradation projects are in upcoming and in the pipeline.
-
The Government of Indonesia also plans to increase the gas supply network to meet the high energy demand in the domestic market. As a result of this strategy, two large gas processing plants have been constructed and came online in the beginning of 2018, one 300 mmscf/d capacity plant is under construction, and one more onshore LNG plant is planned for construction during the forecast period.
-
Indonesia is expected to dominate the market, owing to a large number of new refineries being constructed. Additionally, many older refineries have planned their upgradation and expansion during the forecast period. The implications from international agencies have made it necessary for the refineries to undergo upgradation, to improve the fuel quality. This is expected to restrain the emission level, which is further expected to help the EPC market in the region.

Competitive Landscape
The Southeast Asia oil and gas EPC market is fragmented in nature. The major companies in the market are TechnipFMC, Samsung Engineering, Indika, Fluor, Bechtel, Saipem, Petrofac, Barata Indonesia, JGC Indonesia amongst others.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

($3850)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Oil and Gas Industry Quarterly Update: July-September 2019

Oil and Gas Industry Quarterly Update: July-September 2019

  • $ 4500
  • October 2019

This IDC Market Perspective provides an overview of the EMEA oil and gas industry in 3Q19, covering M&As, agreements, reorganizations, and major business developments; upstream, midstream, and downstream ...

Global Floating Production System Market – Analysis By Platform Type, Application, By Region, By Country : Forecast to 2024

Global Floating Production System Market – Analysis By Platform Type, Application, By Region, By Country : Forecast to 2024

  • $ 2400
  • August 2019

Executive SummaryA comprehensive research report created through extensive primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present ...

Global Oil Country Tubular Goods (OCTG) Market (Value, Volume): World Market - Opportunities and Forecast (2019-2024)

Global Oil Country Tubular Goods (OCTG) Market (Value, Volume): World Market - Opportunities and Forecast (2019-2024)

  • $ 2600
  • October 2019

Executive SummaryThe Oil Country Tubular Goods Market was valued at USD 28.9 billion in the year 2018 with global production volume accounted for 15,100.21 Thousand tonnes. Increase in drilling and production ...

LNG Systems Markets in China $ 4000 October 2019


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on