High CO2 as well as high contaminant fields are prevalent challenges facing the industry in the Asia Pacific. The genesis of some are fairly well known but prediction has been difficult and the impact that it has on field development are tremendous. Innovative technology, highly efficient field appraisal and development are keys to unlocking these. Cluster development is some of the things that will help. On the other hand, development of these resources will be competing with new (alternative) energies. What role will the geoscientists and engineers play in this global transition? How will the regulatory framework help with these? What are the best practices, learnings that are abound?
Learning from best practices (innovative technology, cluster development etc.) and risk-based planning are some of the things we can do to help commercialized these fields and bring them online. On the other hand, development of these resources will be competing with new (alternative) energies. Even as the whole industry re-orient itself to play an ever more active role in combating climate change, carbon capture and storage will be playing a pivotal role starting from exploration, appraisal stage. How will all these fits into the energy transition? What role will the geoscientists and engineers play in these changing times? Government and regulators will need to be part of the conversation as we need a holistic solution from the technical space to the regulatory space. Active conversation will be needed in the region that involves public-private participation on how best to prepare and tackle this issue.