Asia-Pacific region poised for huge growth in investments

摘要

Capex levels in Asia are forecast to continue to recover after stagnating between 2006and 2009. Even with heightened political tensions between countries bordering the East China and South China seas, the Asia-Pacific region is set for unprecedented growth as demand for natural gas and oil continues to surge upwards. "As the world and the region continue to search for undiscovered hydrocarbon resources and to maximize already developed fields, capex investments in E&P activities are important for long-term producing countries like Malaysia to tackle production declines and continue to compete with new players, as smaller countries, such as Brunei, Bangladesh, and Myanmar, come into the market," said Dr. Arnis Judzis, Offshore Technology Conference (OTC) board of directors representative, at the opening of OTC Asia 2012 Oct. 2.