What's inside this year's report?
Upstream activity in Asia Pacific in 2022 will proceed with cautious optimism.
Operators face the dual challenge of meeting rising demand while decarbonising key strategic assets. The clock is ticking for high-emissions developments. Governments must define the rules and incentives for carbon capture and decarbonisation, or face an exodus of international investment.
Timing is of essence as:
- the M&A landscape evolves
- LNG backfill plans need to crystallise
- new investment is sanctioned
- the pipeline of CCS projects grows
- explorers drill to make up for lost time.
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2023 Outlook