Malaysia
Malaysia
Singapore
Myanmar
Indonesia
UK
+603 2380 4560 SynergenOG Sdn Bhd, Kuala Lumpur
+65 6341 7882 SynergenOG Sdn Bhd, Singapore
+959 793 536961 SynergenOG Sdn Bhd, Myanmar
+62 2150 897100 SynergenOG Sdn Bhd, Indonesia
+44 1224 618460 SynergenOG Sdn Bhd, UK
Certified
ISO 9001 with UKAS
Certified
ISO 14001 with UKAS
Certified
ISO 18001 with UKAS
Ask Me More
Oil rig in the middle of the sea news.

Oil industry needs more investment in exploration

As demand continues to increase, the global oil industry needs to look for another North Sea or Iraq to meet the shortage of supply, says Majid Zafar, CEO of Crescent Petroleum. The problem of underinvestment lies in the image of the oil industry developed over the years.

People think that it is dying and not pivotal anymore even though it meets two-thirds of the global energy needs as compared to three per cent by the renewable resources.

Source: Oil Price

About the author