The ASEAN Council on Petroleum or ASCOPE is the association of national oil companies in the Association of South East Asian Nations (ASEAN) region. It was established on October 15, 1975 in Jakarta, Indonesia as an “instrument for regional cooperation among Member Countries.
ASCOPE Member Countries are represented in ASCOPE by their respective National Oil Companies (NOCs) or, in cases where the country does not have a NOC, by the authority in charge of petroleum matters.
ASCOPE’s main objective is to support Member Countries increase their capabilities, through mutual assistance, in all aspects and phases of the petroleum industry. It also serves as an instrument of regional cooperation on petroleum and energy matters among Member Countries.
The aims and purposes of ASCOPE as underlined in both the ASCOPE Declaration of Establishment and the Memorandum of Understanding are strictly in line with the objectives of ASEAN. Under the ASCOPE Declaration, it was recognized that petroleum was of strategic importance to the economic development of Southeast Asian countries and that the interest and well being of the people of the region should be protected in their pursuit for economic development.
"ASCOPE shall be globally competitive in an open international market by creating and facilitating synergistic business opportunities while actively engaging in the petroleum and petroleum related business."