– A + A KUALA LUMPUR (Nov 12): Fitch Ratings expects the generally strong balance sheets of rated companies within the Asia-Pacific exploration and production sector to provide sufficient headroom for investment, despite modest near-term production growth. In a report titled “Asia-Pacific Oil and Gas: Exploration and Production” released on Friday (Nov 12), the rating agency said the production CAGR of 2% for 2016-2020 reflects the benefits of inorganic growth at some companies, offset by natural declines at mature fields and the Covid-19 pandemic-led disruptions in 2020. It said national oil companies’ focus on energy security should continue to drive…
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