Offshore Asia returns to Kuala Lumpur


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Operators are increasingly looking to offshore Asia for opportunities to supply the world’s energy demand, and several new projects are being developed in the region. Total capital expenditures in the region are expected to exceed $90 billion during 2011-2015, a 55% increase from the previous five-year period, according to Infield Systems Ltd.

Malaysia, the site of Offshore Asia 2012, requires the highest percentage share of the estimated capex allocated to all major offshore producing nations in the region. To help meet demand, the Malaysian government is opening up new investment opportunities to enhance output from existing oil and natural gas fields and to advance exploration in deepwater areas offshore Sarawak and Sabah. The target is to increase aggregate production capacity by 5% per year through 2020.

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This entry was posted on Saturday, February 4th, 2012 at 8:14 am and is filed under business opportunity, investment, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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