SOUTHEAST ASIA FACES UP TO LOOMING OIL AND GAS DECOMMISSIONING CHALLENGE
July 1st, 2018
THE ASIA-PACIFIC (APAC) region’s oil and gas sector faces an unprecedented level of decommissioning for which it is under-prepared and lacks experience, analysts have warned. Unclear regional government regulations coupled with a lack of local expertise mean that companies and regulators face a steep learning curve, high initial costs and the potential for mistakes, according to the consultancy group Wood Mackenzie's latest analysis.
Nearly 2,600 platforms and 35,000 wells will need to be decommissioned over the next decade or so across a region ranging from ...
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