Abundant energy resources are available in East and South East Asia. Major energy producing countries in the region include China, Malaysia and former OPEC member Indonesia, while Myanmar may potentially join the producing group following the end of military rule and the opening of the nation's petroleum sector to more foreign investments. Brunei, China, Indonesia, Malaysia, Thailand and Vietnam have an estimated 31.4 billion barrels of proven oil reserves and 309.5 trillion cubic feet of proven natural gas reserves as of 2013.
Risk Management is the identification and assessment of any risk associated with a project. In understanding the risks associated, organizations can prepare and minimize the impact of its actual occurrence. In oil and gas, risk can include uncertainty in financial markets, change to commodity prices, project failures, accidents and even natural disasters. Risk management is not just about minimizing impact, it also includes maximizing opportunities caused by external factors.