Malaysia ‘attractive’ for upstream investment: WoodMac


Why are there quotes around attractive?

Dateline 2019-06-26, Kallanish Energy:

Half of the 11.2 billion barrels of oil-equivalent (Bboe) product discovered in Southeast Asia between 2010 and 2018 were found in Malaysia, Kallanish Energy learns.

Independent research company Wood Mackenzie said Monday the country “has proved itself to be the hottest spot for material exploration” in the area and offers some of the most attractive upstream investment opportunities.

At the moment, Malaysia needs extra supply as the large Kasawari gas project experienced delays in its Final investment decision (Fid) due to multiple breakdowns of a pipeline. The shortage is expected to last until 2025, according to analysts, when new major fields will begin operations.

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