Exploration growth outside U. S. to continue

Forrest, M C

Title: Exploration growth outside U. S. to continue

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Abstract

International projects will be the major exploration focus during 1992. New opportunities continue to become available, as the world's governments and major national oil companies are changing their monopolistic policies to allow joint ventures within the industry. Exploration within the U.S. by major oil companies will continue to decrease, while the independents are expected to maintain modest prospecting activity. The opportunity to participate in a billion-barrel oil discovery will continue to attract both the major oil companies and independents to international exploration. A good example is the recently announced discovery in Colombia's Llanos basin. Large exploration programs are active currently in several countries that opened their doors to the industry in recent years-notably, Yemen, Myanmar, Peru and Algeria. This paper reports that these countries are under-explored, and the potential exists for large discoveries.

Authors:

Forrest, M C ^[1]

Pecten International Co., Houston, TX (US)

Publication Date:: Sun Dec 01 00:00:00 EST 1991

OSTI Identifier:: 5498776

Resource Type:: Journal Article

Journal Name:: World Oil; (United States)

Additional Journal Information:: Journal Volume: 212:12; Journal ID: ISSN 0043-8790

Country of Publication:: United States

Language:: English

Subject:: 02 PETROLEUM; PETROLEUM INDUSTRY; EXPLORATION; ALGERIA; INTERNATIONAL COOPERATION; PERU; PETROLEUM PRODUCTS; RESERVES; USA; AFRICA; COOPERATION; DEVELOPED COUNTRIES; DEVELOPING COUNTRIES; INDUSTRY; LATIN AMERICA; NORTH AMERICA; RESOURCES; SOUTH AMERICA; 020200* - Petroleum- Reserves, Geology, & Exploration

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                    Forrest, M C. Exploration growth outside U. S. to continue.  United States: N. p., 1991. 
        Web.

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                    Forrest, M C. Exploration growth outside U. S. to continue.  United States.

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                    Forrest, M C. 1991.  
        "Exploration growth outside U. S. to continue".  United States.

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@article{osti_5498776,

  title        = {Exploration growth outside U. S. to continue},

  author       = {Forrest, M C},

  abstractNote = {International projects will be the major exploration focus during 1992. New opportunities continue to become available, as the world's governments and major national oil companies are changing their monopolistic policies to allow joint ventures within the industry. Exploration within the U.S. by major oil companies will continue to decrease, while the independents are expected to maintain modest prospecting activity. The opportunity to participate in a billion-barrel oil discovery will continue to attract both the major oil companies and independents to international exploration. A good example is the recently announced discovery in Colombia's Llanos basin. Large exploration programs are active currently in several countries that opened their doors to the industry in recent years-notably, Yemen, Myanmar, Peru and Algeria. This paper reports that these countries are under-explored, and the potential exists for large discoveries.},

  doi          = {},

  url          = {https://www.osti.gov/biblio/5498776},
  journal      = {World Oil; (United States)},

  issn         = {0043-8790},

  number       = ,

  volume       = 212:12,

  place        = {United States},

  year         = {Sun Dec 01 00:00:00 EST 1991},

  month        = {Sun Dec 01 00:00:00 EST 1991}

}

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