PETALING JAYA: Kenanga Research expects oil and gas (O&G) contracts in 2019 to come primarily from the brownfield space as new greenfield projects could become less economically attractive this year.
With the Brent crude oil price projected to trade within the range of US$55-US$65 per barrel this year, Kenanga Research said greenfield O&G investments will be less viable at such low price level.
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