Far East
Petroleum activity throughout the Far East region was on the upswing during 1980. In spite of increased interest in many parts of the Far East, no major new discoveries were reported. From India to Indonesia, old fields are being rehabilitated and previously uneconomic areas are being looked at again. Indonesia set a new record in 1980 for the number of exploratory wells drilled. Peninsular Malaysia set a record for oil production. Overall, however, 1980 was a banner year for petroleum exploration in the Far East. Sri Lanka saw its first foreign contractor interest in several years. India made major moves toward increasing exploration by offering offshore and onshore blocks to foreign contractors . Bangladesh and even Burma signed exploitation contracts with Japanese investors in order to increase production. Malaysia offered new acreage blocks for the first time in several years. Indonesia and the Philippines also actively encouraged exploration by offering new contract areas. One country in the Far East that did not participate in the 1980 oil boom was China. Taiwan also carried on, as in previous years with the Chinese Petroleum Corporation as the only operator. Japanese and South Korean activities were at approximately the same level as in previous years, although drilling did start in the joint development zone. Total production of the Far East reporting region declined slightly. One significant aspect of 1980 petroleum activities throughout the Far East region is the growing acceptance by various Far East countries of Asian investment for developing and exploring for hydrocarbons. Japan is the major investor, but South Korean interests and the Chinese Petroleum Corporation also began to invest in petroleum rights in other Asian countries. The main area for investment continued to be Indonesia. 39 figures, 9 tables.
- Research Organization:
- Atlantic Richfield, Indonesia Inc., Jakarta
- OSTI ID:
- 5824278
- Journal Information:
- Am. Assoc. Pet. Geol., Bull.; (United States), Vol. 65:10
- Country of Publication:
- United States
- Language:
- English
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Oil and gas developments in far East in 1982
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Related Subjects
02 PETROLEUM
AFGHANISTAN
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
BANGLADESH
BRUNEI
BURMA
CHINA
INDIA
INDONESIA
JAPAN
MALAYSIA
NATURAL GAS WELLS
PRODUCTION
WELL DRILLING
NEPAL
NORTH KOREA
OIL WELLS
PAKISTAN
PHILIPPINES
REPUBLIC OF KOREA
SRI LANKA
TAIWAN
THAILAND
VIET NAM
EXPLORATION
EXPLORATORY WELLS
OIL FIELDS
PETROLEUM DEPOSITS
ASIA
DEVELOPING COUNTRIES
DRILLING
GEOLOGIC DEPOSITS
INDUSTRY
ISLANDS
MINERAL RESOURCES
RESOURCES
WELLS
030300* - Natural Gas- Drilling
Production
& Processing
020300 - Petroleum- Drilling & Production