In SE Asia, oilfield services minnows must acquire or expire


Dateline 2014-04-29, Reuters:

Suppliers of offshore oilfield services in Singapore, the seat of Southeast Asia’s energy industry, are opening up to mergers and equity buy-ins as smaller players struggle to find the capital and scale to compete with the big boys.

Malaysia and Indonesia, the top oil and gas producing nations in the region, are planning to spend billions of dollars to unlock virgin reserves trapped in remote deepwater locations and boost extraction rates at existing but aging fields.

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