PUBLICATION
Oil and Gas Investor
Asia Pasific Oil and Gas 2004 OGI Release - Part 1
June 05, 2004
The following report looks at one of the most dynamic areas of economic activity in the world—the Asia-Pacific region, specifically southeast Asia’s tiger economies: Malaysia, Thailand, Singapore and Brunei. It also casts glances at the vast energy issues facing China, their mighty northern neighbor. The area witnesses spiraling demand, huge infrastructural projects, a frenzy of exploration activity and a plethora of opportunity.
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"The energy transition can only be funded by big oil, as they are the only players who can balance the low returns of renewables projects with their high earning fossil fuel projects."
"Every oilfield declines without continued investment, so new owners must push hard to restore and increase output. This means significant opportunities for contractors like us in the form of asset upgrades and new projects."
Petromar speaks of the outlook for Angola’s oil and gas service industry for the next two years.
"While in other markets, SPIE often primarily provides technical assistance and workforce supply, our Nigerian operations have evolved into a fully integrated service provider."
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Gabon’s maturing fields and decreasing production levels, together with the low price regime over the past five years, have brought the country’s oil industry to a turning point.
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