ERCE NEWS ERCE Asia Pacific goes Carbon Neutral Read more
ERCE NEWS How Grey is your Oil and Gas Investment? Read more
ERCE NEWS New Staff in Singapore & Australia Read more
ERCE NEWS Thailand’s Upstream Industry In-Brief Read more

Asia Pacific Spotlight

November 2021 Issue

ERCE continues to bring you energy news and articles from across the Asia Pacific region.

In this month’s Spotlight:

  • ERCE Opens Malaysia Office
  • GHG – How Grey is your Upstream?
  • Thin bed analysis – Don’t miss pay!
  • ERCE APAC Goes Carbon Neutral
  • Thailand Upstream Industry
  • Hydrogen – Grey vs Blue vs Green
  • Malaysia – Changes to PSC Terms
  • New staff in Singapore & Malaysia

ERCE opens Malaysia Office

ERCE’s Malaysian office in Kuala Lumpur opened in May 2021. Our office is headed by Rusli Jusoh, who has over 30 years of experience with PETRONAS around the globe.

Source: Evgeny Prokofyev/

Greenhouse Gas – How grey is your upstream?

Investors & lenders are becoming increasingly concerned with the greenhouse emissions associated with the oil & gas projects they fund.

Lifecycle emissions forecasts can provide information to stakeholders on how much carbon their funds may be contributing to and how to manage their investment or loan portfolio within emission intensity limits.

    Source: TTstudio/

    Global Price Update

    European and Asian gas prices surged in Q3 as a result of a global gas shortage, as countries struggle to refill inventories in time for the winter period. The JKM hit record highs of $34.7/MMBtu, while European gas prices hit all-time highs, having gone up around 400% this year. By the end of September NBP prices had hit 238 p/therm while the Dutch TTF prices had risen above EUR 95/MWh.

    Brent oil surpassed US$80/bbl for the first time in three years, as OPEC+ members face difficulties raising their production output. There is also the anticipation of gas-to-oil switching as a result of the surge in natural gas prices.

    Thailand Upstream

    Thailand’s oil & gas production has evolved from onshore in the 1950’s into extensive offshore development across a wide area of the Gulf of Thailand. However, national oil production peaked in 2016 and gas production has declined since 2021. With no major recent discoveries, what does the future hold?

    APAC Energy Assembly

    Source: TWStock/

    Find out more about Thailand’s upstream including historical performance, the key players and recent activity both onshore & offshore through the link below. 

    Asia Pacific goes Carbon Neutral

    At ERCE we recognise we all have a part to play in the energy transition to a lower carbon future. As part of a wider company initiative, ERCE has offset office emissions for our Singapore & Malaysia offices to go carbon neutral in Asia Pacific.

    Find out the projects ERCE has invested in to offset our office & staff emissions.


    Hydrogen – What Colour?
    Grey vs Blue vs Green

    As interest for power generation through hydrogen increases, ERCE examines the role the gas could play in a low carbon, hydrogen future.

    We examine the uses, extraction, storage and transportation of hydrogen. Then we look at who’s leading the race to large-scale, commercial hydrogen production. 


    Recent Changes in Malaysian Oil & Gas Fiscal Regime Explained

    In February 2021, Petronas Malaysia Petroleum Management (MPM) launched the Malaysia Bid Round (MBR) with 13 exploration blocks being offered. As part of the promotion of new investment, the Enhanced Profitability Production Sharing Contract terms (EPT PSC) were introduced and will be applied to nine shallow water blocks, out of the 13 blocks offered.

    This follows previous Late Life Assets (LLA) PSC terms (2019) and the Small Field Assets (SFA) PSC terms (2020) that were previously introduced to encourage long-term investment.

    Source: spatuletail/

    New Staff in Singapore & Australia

    ERCE has added Kathe Trigg & Ivan Maulana to our Geoscience ranks in Asia Pacific.

    ERCE’s offices in Singapore, Australia & Malaysia allow us to offer a full multi-disciplinary team supporting geophysics, geology, petrophysics, reservoir engineering, facilities & cost engineering and petroleum economics across the APAC region. To find out more click on the link below or visit our website.

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