Analyst firm warns against USD 100 billion challenge in Asian offshore

Thousands of Asian offshore platforms and wells will be decommissioned in coming years and the industry faces a challenge of USD 100 billion, says Wood Mackenzie.
Photo: Colourbox
Photo: Colourbox

Over the next decade, production of several hundred oil wells in the Asia-Pacific region will cease, creating a huge challenge for the various industry players, says consultancy firm Wood Mackenzie.

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