The Next Upstream Boom: Opportunities in the Asia-Pacific Upstream Oil & Gas Market

December 1, 2018 | State of the Market Report

The global oil and gas landscape is rapidly pivoting toward Asia-Pacific, with economies like India and China projected as the fastest-growing oil and gas markets for the future. With the region holding quantified goals for energy independence, we anticipate it to create the next upstream oil and gas boom. Our analysis highlights China and Australia as the leading innovation hubs, with China largely dominant in exploration, while Australia leads in the second half. Australia is likely to lead the charge in the near term, with China emerging as the eventual leader due to its larger proven reserves. With its state-controlled oil and gas industry, an upstream boom in China will potentially eradicate a significant portion of the export business for international oil and gas companies. In this case, only India is left as the remaining market opportunity for international players in the fastest-growing energy demand region of the world.

Coverage Areas

  • Exploration and Production
  • Owning the Energy Transition

Table of Contents

  • Title page
  • Understanding Asia-Pacific’s Oil & Gas Landscape
  • Analyzing Upstream Innovation
  • Outlook

Lead Analyst

Harshit Sharma
Analyst

Contributors

Holly Havel
Yuan-Sheng Yu

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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