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Crude Oil and Condensate Productionin Asia-Pacific

- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year.

Asia-Pacific Crude Oil and Condensate ProductionThousand Barrels Daily · 2015–2023

ChinaChina: 4,1984,198IndonesiaIndonesia: 606606IndiaIndia: 605605MalaysiaMalaysia: 508508AustraliaAustralia: 281281VietnamVietnam: 175175ThailandThailand: 136136
8,0007,5007,0006,5002015: 7,816Peak2016: 7,4572017: 7,1672018: 7,0042019: 7,0062020: 6,8342021: 6,7552022: 6,707Trough2023: 6,73720152017201920212023
China: 4,198Indonesia: 606India: 605Malaysia: 508Australia: 281Remaining Countries: 228Other (2): 3117countries
China4,198
Indonesia606
India605
Malaysia508
Australia281
Remaining Countries228
Other (2)311
Source: energyinst.orgLast updated: July 2026

What Asia-Pacific Crude Oil and Condensate Production shows

Asia-Pacific Crude Oil and Condensate Production was 6,737 Thousand Barrels Daily in 2023, up 0.4% on 2022. The Crude Oil and Condensate Production dataset of Asia-Pacific from 2015 to 2023 provides a clear and consistent view of the region’s oil production landscape, highlighting production trends, crude oil output, condensate volumes, and supply patterns over the observed period.

Trend

Lower over the period

Asia-Pacific Crude Oil and Condensate Production moved from 7,816 Thousand Barrels Daily in 2015 to 6,737 Thousand Barrels Daily in 2023 (−13.8%), an average of −1.8% a year. The series high was 7,816 Thousand Barrels Daily in 2015 and the low 6,707 Thousand Barrels Daily in 2022.

Volatility

A 14.2% peak-to-trough swing

The gap between the series high (2015) and low (2022) is 1,109 Thousand Barrels Daily. The sharpest single-year move was −4.6% in 2016.

Structure

China leads the region

Within Asia-Pacific, China has the highest value in 2023 at 4,198 Thousand Barrels Daily, 62.3% of the regional total.

Country ranking

Crude Oil and Condensate Production by country, 2023

Thousand Barrels Daily. Sort by any column, or search for a country.

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Crude Oil and Condensate Production by country, 2023.
Rank↕ Country↕ Share of top Thousand Barrels Daily↕ vs 2022
1 China
4,198 +2.1%
2 Indonesia
606 −1%
3 India
605 −0.7%
4 Malaysia
508 +1.2%
5 Australia
281 −9.6%
6 Vietnam
175 −3.8%
7 Thailand
136 −4.9%

By region

Crude Oil and Condensate Production by region

Thousand Barrels Daily, 2023. Each bar is that region's total.

Full series

Asia-Pacific Crude Oil and Condensate Production by year

Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.

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Asia-Pacific Crude Oil and Condensate Production, 2015–2023, Thousand Barrels Daily.
YearThousand Barrels DailyChange vs prior year
2023 6,737 +0.4%
2022 Trough6,707 −0.7%
2021 6,755 −1.2%
2020 6,834 −2.5%
2019 7,006 0%
2018 7,004 −2.3%
2017 7,167 −3.9%
2016 7,457 −4.6%
2015Peak 7,816 —

Data definition

Inclusions and exclusions

Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.

Inclusions

The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time.

Exclusions

The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.

About this indicator

Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.

Measured in thousand barrels daily, the dataset reflects production across major regional producers, making it an important indicator of energy supply, upstream activity, and hydrocarbon production performance.

Asia-Pacific produced 7,816 thousand barrels daily of crude oil and condensate in 2015, declining to 7,457 thousand barrels daily in 2016 and 7,167 thousand barrels daily in 2017. Regional production continued to decrease to 7,004 thousand barrels daily in 2018 and remained broadly stable at 7,006 thousand barrels daily in 2019. Output fell further to 6,834 thousand barrels daily in 2020 and 6,755 thousand barrels daily in 2021 before easing to 6,707 thousand barrels daily in 2022. Production recovered marginally to 6,737 thousand barrels daily in 2023. China remained the region's largest producer, increasing from 4,309 thousand barrels daily in 2015 to 4,198 thousand barrels daily in 2023 after recovering from earlier declines. India recorded a gradual decline from 772 to 605 thousand barrels daily, while Indonesia fell from 786 to 606 thousand barrels daily. Malaysia decreased from 662 to 508 thousand barrels daily, Vietnam from 342 to 175 thousand barrels daily, Thailand from 248 to 136 thousand barrels daily, and Australia from 322 to 281 thousand barrels daily. Production from the remaining Asia-Pacific countries also declined from 375 to 228 thousand barrels daily.

Overall, the dataset highlights a gradual long-term decline in Asia-Pacific crude oil and condensate production despite China's recovery in recent years. The data supports analysis of regional oil supply, production performance, energy security, investment trends, and long-term market planning for policymakers, researchers, and industry stakeholders.

Indicator
Crude Oil and Condensate Production
Region
Asia-Pacific
Unit
Thousand Barrels Daily
Coverage
2015–2023, annual
Category
Energy & Power
Last updated
July 2026
Source
energyinst.org

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Frequently asked questions

What is Asia-Pacific Crude Oil and Condensate Production?

Definition- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.

What was Asia-Pacific Crude Oil and Condensate Production in 2023?

Asia-Pacific Crude Oil and Condensate Production was 6,737 Thousand Barrels Daily in 2023, up 0.4% on 2022.

How has Asia-Pacific Crude Oil and Condensate Production changed between 2015 and 2023?

Asia-Pacific Crude Oil and Condensate Production moved from 7,816 Thousand Barrels Daily in 2015 to 6,737 Thousand Barrels Daily in 2023 (−13.8%), an average of −1.8% a year. The series high was 7,816 Thousand Barrels Daily in 2015 and the low 6,707 Thousand Barrels Daily in 2022.

Which year had the highest and lowest Asia-Pacific Crude Oil and Condensate Production?

The highest value was 7,816 Thousand Barrels Daily in 2015 and the lowest was 6,707 Thousand Barrels Daily in 2022.

What does the Asia-Pacific Crude Oil and Condensate Production data include and exclude?

Included: The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.

Where does the Asia-Pacific Crude Oil and Condensate Production data come from?

The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.

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