Decommissioning Asia-Pacific: 600 fields on the front-line

Wood Mackenzie sheds light on the wave of decommissioning due to hit Asia-Pacific: Decommissioning in Asia-Pacific is a massive challenge – over 600 fields could cease production over the next decade, the majority offshore The first wave will hit Indonesia, Australia, Malaysia and China. NOCs and Majors will be on the front line Many offshore installations are still operating beyond their designed lifespan. The lack of clear regulatory guidance in many countries has delayed end-of-life activities The lack of legislation means timing and cost estimates remain highly uncertain. Governments are becoming more aware of the need to provide clarity Service sector responsiveness, oil price, cost management and environmental considerations will be key factors influencing the pace of decommissioning