- Posted by: azian
- Category: STV Insight
OIL & GAS ASIA 2019 SOUTH EAST ASIA’S BIGGEST AND BEST PETROLEUM INDUSTRY EXHIBITION
Southeast Asia has around 412 active offshore fields with ongoing field development activities and Malaysia has the maximum offshore projects and accounts for a large portion of the regional Capital Expenditure (CAPEX).
Faced with maturing oil fields, declining domestic production and a finite fuel source in the face of accelerated economic growth, the main challenge for energy suppliers is not just the availability of alternative energy supply but also the commercial potential of these resources.
In the past decade, Malaysia’s Oil, Gas and Energy (OGE) industry has been contributing about one-fifth to the national GDP (Gross Domestic Product).
To sustain and increase oil & gas production, the focus is on deepwater exploration and EOR of mature fields with Malaysia generating big potential as a regional EOR hub. Hence, it is crucial that Malaysia continues to highlight its oil and gas potential while staying up-to-date with the latest innovations and technology to strengthen its position.
Oil & Gas Asia 2019 happening from 18 – 20 June 2019 at the Kuala Lumpur Convention Centre will be a crucial platform for Oil & Gas technology suppliers to tap into the lucrative business opportunities that exist in this dynamic regional market.