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Asia-Pacific upstream view - December 2014


Asia-Pacific upstream view - December 2014

Report summary

December saw significant project deals, start-ups and approvals across the region. First gas was achieved at large projects in Australia (QCLNG) and China (Panyu/Liuhua), while steps were also taken towards the commercialisation of the Lengo field in Indonesia, and Hess’ Equus resource offshore Australia. M&A included the US$5 billion sale of QCLNG’s export pipe to APA, and Repsol’s US$13 billion move for Talisman. PTTEP also cut spending, and BP dropped more Indian acreage.

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This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • Repsol buys Talisman for US$13 billion
  • BG sells QCLNG export pipe to infrastructure group APA for US$5 billion
  • First LNG from QCLNG
  • CNOOC achieves first gas from four new fields
  • BP left with four Indian blocks, down from 21
  • PTTEP cuts investment spend
  • Indonesia approves Lengo gas development
  • Hess signs deal with North West Shelf LNG JV to develop Equus gas
  • Cambodian government creates new committee to speed OCA resolution
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