Page 52: of Offshore Engineer Magazine (January 2019)

FPSO/FNLG Outlook and Technologies

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REGIONAL REPORT Asia-Paci? c © snapin / Adobe Stock low water oil production offshore Indo- technical risk solely in the hands of the strong interest from potential farm-in nesia – as well as off of China, India and region’s national oil companies.” partners,” he said. “Expect a deal to be

Malaysia – is projected to experience “While we do expect some recovery done before the well spuds in Q3 2019.” declining production to 2040. in 2019/2020, we expect only a margin- From a licensing perspective, sev-

Several regional factors have had a al improvement,” Hardwood said. “Ac- eral countries are set to launch new dampening effect on local offshore re- tivity is unlikely to reach the levels we bid rounds; Bangladesh, India, Indone- covery. Harwood said Asia-Paci

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