| Product Code: ETC8847112 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines continued to heavily rely on imports for its offshore oil and gas upstream sector, with top exporting countries being Saudi Arabia, UAE, Iraq, Colombia, and Japan. Despite the high Herfindahl-Hirschman Index (HHI) indicating concentrated market control, the industry experienced significant growth with a CAGR of 28.86% from 2020 to 2024. However, there was a slight downturn in growth rate from 2023 to 2024, showcasing potential challenges ahead. Monitoring market dynamics and diversifying import sources could be crucial for the Philippines` energy security strategy in the coming years.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Offshore Oil and Gas Upstream Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Offshore Oil and Gas Upstream Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Offshore Oil and Gas Upstream Market - Industry Life Cycle |
3.4 Philippines Offshore Oil and Gas Upstream Market - Porter's Five Forces |
3.5 Philippines Offshore Oil and Gas Upstream Market Revenues & Volume Share, By Depth, 2021 & 2031F |
4 Philippines Offshore Oil and Gas Upstream Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy in the Philippines |
4.2.2 Government initiatives to attract foreign investments in the oil and gas sector |
4.2.3 Technological advancements in offshore exploration and extraction techniques |
4.3 Market Restraints |
4.3.1 Environmental concerns and regulations impacting offshore drilling activities |
4.3.2 Volatility in global oil prices affecting investment decisions in the sector |
5 Philippines Offshore Oil and Gas Upstream Market Trends |
6 Philippines Offshore Oil and Gas Upstream Market, By Types |
6.1 Philippines Offshore Oil and Gas Upstream Market, By Depth |
6.1.1 Overview and Analysis |
6.1.2 Philippines Offshore Oil and Gas Upstream Market Revenues & Volume, By Depth, 2021- 2031F |
6.1.3 Philippines Offshore Oil and Gas Upstream Market Revenues & Volume, By Shallow Water, 2021- 2031F |
6.1.4 Philippines Offshore Oil and Gas Upstream Market Revenues & Volume, By Deep-Water, 2021- 2031F |
6.1.5 Philippines Offshore Oil and Gas Upstream Market Revenues & Volume, By Ultra Deep-Water, 2021- 2031F |
7 Philippines Offshore Oil and Gas Upstream Market Import-Export Trade Statistics |
7.1 Philippines Offshore Oil and Gas Upstream Market Export to Major Countries |
7.2 Philippines Offshore Oil and Gas Upstream Market Imports from Major Countries |
8 Philippines Offshore Oil and Gas Upstream Market Key Performance Indicators |
8.1 Average daily production of offshore oil and gas |
8.2 Number of active exploration and production projects in the Philippines |
8.3 Investment in research and development for offshore drilling technologies |
9 Philippines Offshore Oil and Gas Upstream Market - Opportunity Assessment |
9.1 Philippines Offshore Oil and Gas Upstream Market Opportunity Assessment, By Depth, 2021 & 2031F |
10 Philippines Offshore Oil and Gas Upstream Market - Competitive Landscape |
10.1 Philippines Offshore Oil and Gas Upstream Market Revenue Share, By Companies, 2024 |
10.2 Philippines Offshore Oil and Gas Upstream Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |