Oil & Gas in the United Kingdom is considered a mature industry in comparison to Malaysia’s. Although Malaysia has assets from the late 1960’s it is only in the last few years that decommissioning work has begun to be fully considered….
Technical Waste Services open new office in Malaysia for the upcoming decommissioning works
Director Gavin Ethan Lish said “after working with Petronas on other projects the future market in Malaysia and the surrounding areas for Decommissioning was clear, There is a lack of Environmental and Waste Management Experience that we at TWS are committed to working with a number of local partners to ensure they are ready to take full advantage of the future work”
Some of the problems with the Decommissioning Market today.
Malaysia Offshore Decommissioning
The next wave of opportunity for Malaysian oil and gas (O&G) players could be in an unlikely space – decommissioning work.
Some US$100 bil worth of decommissioning jobs are available in the Asia-Pacific region over the next decade. According to research firm Wood Mackenzie, nearly 2,600 platforms and 3,500 wells in more than 380 fields are expected to cease production.