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Enverus Intelligence

Global Upstream Scouting | Asia-Pacific | Supermajors divest non-core assets while New Zealand lifts offshore exploration ban

12 Aug 2025

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This week, Senior Regional Managers Shankar Krishnan and Chester Chua talk with host Bruce Walker about recent activity in the Asia-Pacific region. New Zealand's government has now lifted an offshore ban, potentially clearing the way for new E&P licensing by year-end. Regionally, a number of supermajors are rationalising their portfolios with BP exiting the Australian Renewable Energy Hub whilst Chevron has divested E&P acreage in the Malaysia-Thailand JDA.

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