According to data recently published in BP’s 2016 Statistical Review Asian oil production remained at around 8.3 mb/d for 4 years now.
Fig 1: Asian oil production
We see the dominance of China (52% of total). The peak for all other Asian countries together was already in 2000, 15 years ago, followed by decline of around 0.9% pa which has now accumulated to around 600 kb/d (equivalent to 60% of Australia’s consumption). Since 2000, China was able to offset this decline and grow the Asian system but this has stalled now as confirmed by the latest data from the National Bureau of Statistics in China.
Fig 2: China crude oil production
Data are from here: http://data.stats.gov.cn/english/easyquery.htm?cn=A01
No matter how this Asian production plateau evolves it is dwarfed by ever rising Asian consumption. Let’s have a look at net oil imports country by country, alphabetically:
Fig 3: Australia’s oil balance
Fig 4: China oil balance
Fig 5: India oil balance
Indian oil production declined by 1.1% pa since 2011.
Fig 6: Indonesia’s oil balance
Fig 7: Malaysia’s oil balance
Fig 8: Thailand’s oil balance
Fig 9: Vietnam’s oil balance
All together now
Fig 10: Asia-Pacific net oil imports
HOMEWORK for governments
who still want to build more motorways, airports and other oil dependent infrastructure: If production and consumption trends continue, where will the oil come from for the next 10, 20 years?
In Part 2 we’ll have a look at this question
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Definition of oil in BP Statstical Review
“Includes crude oil, shale oil, oil sands and NGLs (natural gas liquids – the liquid content of natural gas where this is recovered separately)”
Related posts:
China
http://crudeoilpeak.info/global-peak/china
29/2/2016
Peak oil in the South China Sea (part 1)
http://crudeoilpeak.info/peak-oil-in-the-south-china-sea-part-1
10/6/2015
China’s offshore CNOOC started to peak in 2010
http://crudeoilpeak.info/chinas-offshore-cnooc-started-to-peak-in-2010
12/5/2014
10 years after peak oil in Vietnam: Asian Century sails into troubled waters in the South China Sea
http://crudeoilpeak.info/10-years-after-peak-oil-in-vietnam-asian-century-sails-into-troubled-waters-in-the-south-china-sea
