Deep-water drilling activities are bouncing back in Southeast Asia following a lacklustre 2020 with overall spending expected to rise 51% this year to $504 million and almost back to 2019 levels, estimates from Rystad Energy show.
The low oil price environment, COVID-19 containment measures, and rig suspensions, led to a slow period for deep-water activity in Southeast Asia. But that looks set to change.
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