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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.