Since the start of 2008, 153 exploration wells have been drilled in the SE Asia exploration hot spot of NW Borneo. 3.5bnboe has been discovered in 37 commercial discoveries, 94% of which is gas. Westwood has analyzed exploration performance in both the Sarawak and Sabah basins and reviewed the potential for new frontier plays that are needed to replace reserves and maintain current levels of production.
GLOBAL OIL
SCENARIOS
President Donald Trump has proposed a $193.4 million Fiscal Year (FY) 2020 budget for BOEM to safely and responsibly manage offshore energy and mineral resources.
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