Maintaining and increasing production volumes from existing wells and facilities is a major priority for operators
in the Asia Pacific. The region suffers from a 10% annual decline in recovery, 80% of the basin’s fields are
operating in the brownfield phase and a huge volume of well stock (40%-50%) is currently shut in and not
producing. Globally there has also been a 25% increase in the abandonment of existing wells (Almukhaitah et al,
Fonoiki 2013) and a 65% decline in the oil price, resulting in a huge cut in CAPEX for new field development (U.S.
Energy Information Administration EICA 2015).