{"id":1307,"date":"2025-12-24T13:25:00","date_gmt":"2025-12-24T13:25:00","guid":{"rendered":"https:\/\/projectfifty4.com\/?p=1307"},"modified":"2026-03-21T05:57:42","modified_gmt":"2026-03-21T05:57:42","slug":"the-capital-conundrum-why-asias-238-billion-oil-and-gas-capex-surge-is-redefining-risk","status":"publish","type":"post","link":"https:\/\/projectfifty4.com\/zh\/the-capital-conundrum-why-asias-238-billion-oil-and-gas-capex-surge-is-redefining-risk\/","title":{"rendered":"\u8d44\u672c\u96be\u9898\uff1a\u4e9a\u6d32 $2,380 \u4ebf\u7f8e\u5143\u6cb9\u6c14\u8d44\u672c\u652f\u51fa\u6fc0\u589e\u4e3a\u4f55\u91cd\u65b0\u5b9a\u4e49\u4e86\u98ce\u9669"},"content":{"rendered":"
\n\t\t\t\t
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\u4e9a\u592a\u5730\u533a\u6b63\u5728\u8fc5\u901f\u5de9\u56fa\u5176\u4f5c\u4e3a\u5168\u7403\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u884c\u4e1a\u552f\u4e00\u6700\u91cd\u8981\u6218\u573a\u7684\u5730\u4f4d\u3002\u5c3d\u7ba1\u80fd\u6e90\u8f6c\u578b\u7684\u8a00\u8bba\u6108\u6f14\u6108\u70c8\uff0c\u4f46\u8be5\u5730\u533a\u7684\u8d44\u672c\u652f\u51fa\uff08CAPEX\uff09\u9884\u6d4b\u4e0d\u4ec5\u5f3a\u52b2\uff0c\u800c\u4e14\u8fd8\u5728\u79ef\u6781\u6269\u5f20\u3002\u9884\u8ba1\u5c06\u8fbe\u5230\u60ca\u4eba\u7684 <\/span>\u5230 2030 \u5e74\u8fbe\u5230 $2,380.9 \u4ebf\u7f8e\u5143<\/b>, \u4ece 2025 \u5e74\u7684 $1,910.1 \u4ebf\u7f8e\u5143\u589e\u957f\u5230 2025 \u5e74\u7684 4.5% \u590d\u5408\u5e74\u589e\u957f\u7387 (CAGR)\uff0c\u8fd9\u610f\u5473\u7740\u5bf9\u5730\u533a\u78b3\u6c22\u5316\u5408\u7269\u8d44\u4ea7\u6295\u4e0b\u4e86\u5de8\u5927\u7684\u4fe1\u4efb\u7968\u3002.<\/span><\/p>

\u7136\u800c\uff0c\u8fd9\u79cd\u8d44\u672c\u6fc0\u589e\u662f\u4e00\u4e2a\u5fae\u5999\u7684\u6311\u6218\uff0c\u800c\u4e0d\u662f\u4e00\u4e2a\u76f4\u63a5\u7684\u673a\u9047\u3002\u5bf9\u4e8e\u9996\u5e2d\u6267\u884c\u5b98\u548c\u4e1a\u52a1\u5f00\u53d1\u7ecf\u7406\u6765\u8bf4\uff0c\u4e86\u89e3 <\/span>\u5176\u4e2d<\/span><\/i> \u8fd9\u4e9b\u94b1\u5728\u6d41\u52a8 <\/span>\u4e3a\u4ec0\u4e48<\/span><\/i> \u8fd9\u5bf9\u4e8e\u786e\u4fdd\u5e02\u573a\u4efd\u989d\u548c\u4fdd\u6301\u8d22\u52a1\u6d3b\u529b\u81f3\u5173\u91cd\u8981\u3002\u8fd9\u662f\u4e00\u4e2a\u5173\u4e8e\u5728\u9ad8\u9700\u6c42\u3001\u9ad8\u5ba1\u67e5\u73af\u5883\u4e0b\u8d44\u672c\u914d\u7f6e\u7684\u65b0\u89c4\u5219\u7684\u6545\u4e8b\u3002.<\/span><\/p>

\u00a0<\/p>

\u52bf\u4e0d\u53ef\u6321\u7684\u4e0a\u6e38\u8981\u52a1<\/b><\/h4>

\u00a0<\/p>

\u5e02\u573a\u5206\u6790\u7684\u7b2c\u4e00\u70b9\uff0c\u4e5f\u662f\u6700\u5f15\u4eba\u6ce8\u76ee\u7684\u4e00\u70b9\uff0c\u662f\u4e0a\u6e38\u884c\u4e1a\u7684\u7edd\u5bf9\u4e3b\u5bfc\u5730\u4f4d\uff0c\u5728 2024 \u5e74\u5360\u636e\u4e86\u8d85\u8fc7 71% \u7684 CAPEX \u5e02\u573a\u4efd\u989d\u3002\u8fd9\u4e00\u8d8b\u52bf\u5e76\u975e\u5076\u7136\uff0c\u800c\u662f\u6574\u4e2a\u4e9a\u6d32\u7531\u56fd\u5bb6\u9a71\u52a8\u7684\u80fd\u6e90\u5b89\u5168\u4efb\u52a1\u7684\u76f4\u63a5\u7ed3\u679c\u3002\u56fd\u5bb6\u77f3\u6cb9\u516c\u53f8\uff08NOC\uff09\u6b63\u5e26\u5934\u52a0\u5f3a\u672c\u571f\u4f9b\u5e94\uff0c\u5c06\u6df1\u6c34\u5929\u7136\u6c14\u3001\u6db2\u5316\u5929\u7136\u6c14\u751a\u81f3\u5177\u6709\u6311\u6218\u6027\u7684\u9875\u5ca9\u533a\u5757\u89c6\u4e3a\u91cd\u8981\u7684\u56fd\u5bb6\u5229\u76ca\u3002.<\/span><\/p>

\u5bf9\u4e8e\u56fd\u9645\u8fd0\u8425\u5546\u6765\u8bf4\uff0c\u8fd9\u610f\u5473\u7740\u7ade\u4e89\u8303\u56f4\u7f29\u5c0f\u4e86\u3002\u73b0\u5728\uff0c\u9879\u76ee\u5fc5\u987b\u63d0\u4f9b\u771f\u6b63\u5177\u6709\u7ade\u4e89\u529b\u7684\u76c8\u4e8f\u5e73\u8861\u6c34\u5e73\u548c\u89c4\u6a21\uff0c\u4ee5\u8bc1\u660e\u5de8\u5927\u7684\u653f\u6cbb\u548c\u91d1\u878d\u98ce\u9669\u662f\u5408\u7406\u7684\u3002\u91cd\u70b9\u662f\u5927\u578b\u4e16\u754c\u7ea7\u8d44\u4ea7\uff0c\u7279\u522b\u662f\u6df1\u6c34\u5929\u7136\u6c14\u548c\u76f8\u5173\u7684\u6db2\u5316\u5929\u7136\u6c14\u4ef7\u503c\u94fe\u3002\u5370\u5c3c\u5927\u529b\u589e\u52a0\u6db2\u5316\u5929\u7136\u6c14\u4ea7\u80fd\uff0c\u9a6c\u6765\u897f\u4e9a\u627f\u8bfa\u5efa\u9020\u6d6e\u5f0f\u6db2\u5316\u5929\u7136\u6c14\u88c5\u7f6e\uff0c\u90fd\u662f\u660e\u663e\u7684\u4f8b\u5b50\u3002\u8fd9\u4e9b\u9879\u76ee\u53ef\u4ee5\u5728\u5168\u7403\u6db2\u5316\u5929\u7136\u6c14\u8d38\u6613\u4e2d\u5360\u636e\u91cd\u8981\u4efd\u989d\uff0c\u63d0\u4f9b\u957f\u671f\u3001\u7edd\u7f18\u7684\u6536\u5165\u6d41\uff0c\u5bf9\u6cb9\u4ef7\u6ce2\u52a8\u7684\u654f\u611f\u5ea6\u8981\u4f4e\u5f97\u591a\u3002.<\/span><\/p>

\u00a0<\/p>

\u4f5c\u4e3a\u65b0\u5e02\u573a\u8fc7\u6ee4\u5668\u7684\u7eff\u8272\u91d1\u878d<\/b><\/h4>

\u00a0<\/p>

\u8d44\u672c\u70ed\u6f6e\u7684\u6700\u5927\u963b\u529b\u662f \u2018\u7eff\u8272\u91d1\u878d \u2019\u89c4\u5219\u7684\u6536\u7d27\u3002\u8fd9\u6b63\u662f C-suite \u7684\u7cbe\u5999\u4e4b\u5904\u3002\u65b0\u52a0\u5761\u91d1\u878d\u7ba1\u7406\u5c40\u7b49\u673a\u6784\u6b63\u5728\u79ef\u6781\u524a\u51cf\u5316\u77f3\u71c3\u6599\u8d37\u6b3e\u8d44\u683c\uff0c\u63d0\u9ad8\u501f\u8d37\u6210\u672c\uff0c\u5e76\u4ee5\u524d\u6240\u672a\u6709\u7684\u4e25\u683c\u7a0b\u5ea6\u5ba1\u67e5\u73af\u5883\u3001\u793e\u4f1a\u548c\u6cbb\u7406\uff08ESG\uff09\u7ee9\u6548\u3002.<\/span><\/p>

\u8fd9\u4e0d\u662f\u5168\u9762\u7981\u6b62\uff0c\u800c\u662f\u4e00\u4e2a\u5f3a\u5927\u7684\u5e02\u573a\u8fc7\u6ee4\u5668\u3002\u5bf9\u4e8e\u4e2d\u7b49\u89c4\u6a21\u6216\u8fb9\u7f18\u5316\u7684\u4e0a\u6e38\u4f01\u4e1a\u6765\u8bf4\uff0c\u73b0\u5728\u7684\u8d44\u672c\u6210\u672c\u5927\u5e45\u63d0\u9ad8\uff0c\u6709\u53ef\u80fd\u4f7f\u5176\u5931\u53bb\u7ecf\u6d4e\u6548\u76ca\u3002\u5176\u7ed3\u679c\u662f\uff0c\u5f00\u53d1\u5546\u88ab\u8feb\u8f6c\u5411\u89c4\u6a21\u5de8\u5927\u3001\u7ecf\u6d4e\u6548\u76ca\u7a33\u5065\u7684\u9879\u76ee\uff0c\u8fd9\u4e9b\u9879\u76ee\u53ef\u4ee5\u627f\u53d7\u501f\u8d37\u6210\u672c\u98d9\u5347 200 \u5230 300 \u4e2a\u57fa\u70b9\u3002.<\/span><\/p>

\u9886\u5bfc\u529b\u7684\u5b9e\u7528\u542f\u793a<\/b> \u9879\u76ee\u9009\u62e9\u5c31\u662f\u9879\u76ee\u7ec4\u5408\u7ba1\u7406\u3002.<\/b> \u9996\u5e2d\u6267\u884c\u5b98\u5fc5\u987b\u4e25\u683c\u91cd\u65b0\u8bc4\u4f30\u6bcf\u4e00\u4e2a\u8ba1\u5212\u4e2d\u7684\u6700\u7ec8\u6295\u8d44\u51b3\u7b56\uff08FID\uff09\u7684\u76c8\u4e8f\u5e73\u8861\u70b9\u3002\u5982\u679c\u4e00\u4e2a\u9879\u76ee\u5728\u6210\u672c\u7ade\u4e89\u529b\u548c\u89c4\u6a21\u65b9\u9762\u4e0d\u80fd\u6392\u5728\u5168\u7403\u524d\u56db\u5206\u4e4b\u4e00\uff0c\u90a3\u4e48\u5b83\u83b7\u5f97\u4f20\u7edf\u878d\u8d44\u7684\u673a\u4f1a\u5c31\u4f1a\u53d7\u5230\u6839\u672c\u6027\u7684\u5f71\u54cd\u3002\u4e1a\u52a1\u53d1\u5c55\u5e94\u4e13\u6ce8\u4e8e\u4e0e\u56fd\u5bb6\u77f3\u6cb9\u516c\u53f8\u5728\u65d7\u8230\u6df1\u6c34\u6216\u6db2\u5316\u5929\u7136\u6c14\u9879\u76ee\u4e0a\u7684\u6218\u7565\u5408\u4f5c\uff0c\u901a\u8fc7\u89c4\u6a21\u6216\u4e3b\u6743\u652f\u6301\u7ed5\u8fc7\u8fd9\u4e9b\u7eff\u8272\u878d\u8d44\u74f6\u9888\u3002.<\/span><\/p>

\u00a0<\/p>

\u4e95\u53e3\u4e4b\u5916\u4e0b\u6e38\u7684\u9759\u6084\u6084\u9769\u547d<\/b><\/h4>

\u00a0<\/p>

\u867d\u7136\u76ee\u524d\u4e0a\u6e38\u884c\u4e1a\u7684\u652f\u51fa\u5360\u4e3b\u5bfc\u5730\u4f4d\uff0c\u4f46\u4e0b\u6e38\u884c\u4e1a\u6b63\u6084\u7136\u6210\u4e3a\u589e\u957f\u6700\u5feb\u7684\u9886\u57df\uff0c\u9884\u8ba1\u5e74\u590d\u5408\u589e\u957f\u7387\u5c06\u8fbe\u5230 5.1%\u3002\u8fd9\u4e3b\u8981\u5f97\u76ca\u4e8e\u5bf9\u77f3\u5316\u539f\u6599\u6c38\u4e0d\u6ee1\u8db3\u7684\u9700\u6c42\u3002\u968f\u7740\u8fd0\u8f93\u548c\u7535\u529b\u884c\u4e1a\u9010\u6e10\u591a\u5143\u5316\uff0c\u77f3\u5316\u884c\u4e1a\u5c06\u6210\u4e3a\u77f3\u6cb9\u9700\u6c42\u589e\u957f\u7684\u4e3b\u8981\u6765\u6e90\u3002.<\/span><\/p>

\u4e2d\u56fd\u548c\u5370\u5ea6\u6b63\u5728\u5e26\u5934\u5efa\u8bbe\u65b0\u7684\u77f3\u5316\u4ea7\u80fd\uff0c\u8fd9\u901a\u5e38\u662f\u4ee5\u727a\u7272\u6b27\u6d32\u8001\u65e7\u8bbe\u65bd\u4e3a\u4ee3\u4ef7\u7684\u3002\u8fd9\u9884\u793a\u7740\u5bf9\u77f3\u8111\u6cb9\u548c\u5929\u7136\u6c14\u6db2\uff08NGL\uff09\u7b49\u539f\u6599\u7684\u957f\u671f\u6301\u7eed\u9700\u6c42\u3002.<\/span><\/p>

\u4e1a\u52a1\u53d1\u5c55\u673a\u4f1a\uff1a<\/b> \u4e00\u9879\u5177\u6709\u524d\u77bb\u6027\u7684\u6218\u7565\u5305\u62ec\u5c06\u4e0a\u6e38\u5929\u7136\u6c14\u751f\u4ea7\u76f4\u63a5\u6574\u5408\u5230\u5f53\u5730\u7684\u77f3\u5316\u8054\u5408\u4f01\u4e1a\u4e2d\u3002\u8fd9\u79cd\u4ef7\u503c\u94fe\u4f18\u5316\uff08\u4ece\u4e95\u53e3\u5230\u6700\u7ec8\u805a\u5408\u7269\uff09\u63d0\u9ad8\u4e86\u5229\u6da6\u7387\uff0c\u964d\u4f4e\u4e86\u6210\u54c1\u6cb9\u9700\u6c42\u51cf\u5c11\u7684\u98ce\u9669\uff0c\u5e76\u4f7f\u4f01\u4e1a\u80fd\u591f\u6293\u4f4f\u4e9a\u6d32\u9ad8\u4ef7\u503c\u5236\u9020\u4e1a\u57fa\u5730\u7684\u589e\u957f\u673a\u9047\u3002\u8fd9\u662f\u80fd\u6e90\u548c\u5de5\u4e1a\u6218\u7565\u7684\u65b0\u7ebd\u5e26\u3002.<\/span><\/p>

\u00a0<\/p>

\u5730\u7f18\u653f\u6cbb\u56e0\u7d20\uff1a\u9694\u79bb\u4f9b\u5e94<\/b><\/h4>

\u00a0<\/p>

\u4e9a\u6d32\u7684\u5730\u7f18\u653f\u6cbb\u683c\u5c40\u53c8\u589e\u52a0\u4e86\u4e00\u5c42\u590d\u6742\u6027\u3002\u6301\u7eed\u7684\u6d77\u4e0a\u5b89\u5168\u98ce\u9669\u548c\u533a\u57df\u7ade\u4e89\u4f7f\u4eba\u4eec\u5fc5\u987b\u66f4\u52a0\u5173\u6ce8\u56fd\u5185\u548c\u533a\u57df\u4f9b\u5e94\u94fe\u3002\u8fd9\u79cd\u538b\u529b\u652f\u6491\u7740\u4e2d\u56fd\uff08\u9875\u5ca9\u6cb9\uff09\u548c\u5370\u5ea6\uff08\u81f4\u5bc6\u6cb9\uff09\u7b49\u56fd\u5bb6\u5de8\u5927\u7684\u9646\u4e0a CAPEX\uff082024 \u5e74\u5360\u5e02\u573a\u7684 65% \u4ee5\u4e0a\uff09\u3002.<\/span><\/p>

\u5bf9\u4e8e\u670d\u52a1\u4e13\u5bb6\u548c\u8bbe\u5907\u4f9b\u5e94\u5546\u6765\u8bf4\uff0c\u8fd9\u610f\u5473\u7740\u4e0e\u9ad8\u79d1\u6280\u6c34\u5e73\u94bb\u4e95\u3001\u5b9e\u65f6\u50a8\u5c42\u6210\u50cf\u548c\u5929\u7136\u6c14\u91c7\u96c6\u57fa\u7840\u8bbe\u65bd\u76f8\u5173\u7684\u5408\u540c\u6e90\u6e90\u4e0d\u65ad\u3002\u6210\u529f\u4e0e\u5426\u53d6\u51b3\u4e8e\u662f\u5426\u7b26\u5408\u5f53\u5730\u542b\u91cf\u8981\u6c42\uff0c\u4ee5\u53ca\u662f\u5426\u80fd\u5728\u56fd\u5185\u5efa\u7acb\u6ee1\u8db3\u56fd\u5bb6\u77f3\u6cb9\u516c\u53f8\u4f9b\u5e94\u5b89\u5168\u8981\u6c42\u7684\u5f39\u6027\u4e1a\u52a1\u3002.<\/span><\/p>

\u4e9a\u592a\u5730\u533a\u8d44\u672c\u652f\u51fa\u6fc0\u589e\u662f\u4e00\u4e2a\u660e\u786e\u7684\u4fe1\u53f7\uff0c\u8868\u660e\u5728\u53ef\u9884\u89c1\u7684\u672a\u6765\uff0c\u8be5\u5730\u533a\u7684\u80fd\u6e90\u672a\u6765\u4ecd\u4e0e\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u606f\u606f\u76f8\u5173\u3002C-suite\u9762\u4e34\u7684\u6311\u6218\u662f\u7cbe\u5bc6\u7684\u8d44\u672c\u5206\u914d\u3002\u5e02\u573a\u8d8a\u6765\u8d8a\u4e0d\u5bbd\u5bb9\u5e73\u5eb8\u8005\uff0c\u800c\u662f\u5956\u52b1\u6709\u80c6\u8bc6\u3001\u5927\u624b\u7b14\u548c\u5177\u6709\u6218\u7565\u6574\u5408\u80fd\u529b\u7684\u4f01\u4e1a\u3002\u4f01\u4e1a\u5fc5\u987b\u9002\u5e94\u91d1\u878d\u73af\u5883\uff0c\u65e2\u8981\u6709\u5de8\u5927\u7684\u89c4\u6a21\uff0c\u53c8\u8981\u6709\u7a33\u5065\u7684\u73af\u5883\u3001\u793e\u4f1a\u548c\u516c\u53f8\u6cbb\u7406\u6218\u7565\uff0c\u6709\u6548\u5730\u5c06 \u2018\u7eff\u8272 \u2019\u969c\u788d\u8f6c\u5316\u4e3a\u6267\u884c\u826f\u597d\u7684\u9879\u76ee\u7684\u7ade\u4e89\u62a4\u57ce\u6cb3\u3002\u8fd9\u6837\uff0c\u9886\u5148\u4f01\u4e1a\u624d\u80fd\u5728\u5168\u7403\u6700\u5177\u6d3b\u529b\u7684\u80fd\u6e90\u5e02\u573a\u4e0a\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\u3002.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

The Asia Pacific region is rapidly cementing its status as the singular most critical theatre for the global oil and gas industry. Despite the accelerating rhetoric of the energy transition, the region’s capital expenditure (CAPEX) forecast is not just robust\u2014it is aggressively expanding. Projected to reach a staggering $238.09 billion by 2030, up from $191.01 […]<\/p>\n","protected":false},"author":2,"featured_media":1308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[92],"tags":[99,103,106,32],"class_list":["post-1307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-asia","tag-oil","tag-policy","tag-strategy"],"acf":[],"_links":{"self":[{"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/posts\/1307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/comments?post=1307"}],"version-history":[{"count":1,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/posts\/1307\/revisions"}],"predecessor-version":[{"id":1755,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/posts\/1307\/revisions\/1755"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/media\/1308"}],"wp:attachment":[{"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/media?parent=1307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/categories?post=1307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/tags?post=1307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}