Oil and Gas Developments in Far East in 1982

Abstract

In 1982, the Far East region was one of the brighter parts of the world for the petroleum industry. Exploratory acreage acquisition, drilling, and seismic activity maintained the busy pace set in 1981. Most parts of the Far East region showed significant and even increased activity compared with 1981. Although drilling was active in 1982, there were no nationally important oil or gas discoveries in the region. Indonesia, Philippines, Malaysia, and India all recorded multiple discoveries, but these for the most part followed the pattern of previous years. Indonesia was, as usual, the most active country outside of China. A record number of exploratory and delineation wells was drilled in 1982. As in previous years, a plethora of oil and gas discoveries was recorded, but only 1 discovery, a gas discovery in onshore east Kalimantan, is possibly of major significance. Countries which had disappointing exploration programs in 1982 are Bangladesh, Burma, Japan, Philippines, and Taiwan. Exploration in these countries did little to enhance their resource bases. Production in the Far East declined slightly in 1982 to approximately 4.3 million BOPD from 4.4 million BOPD in 1981. This appears to have been mainly due to market conditions. Curtailment of production in Indonesia as a result of the worldwide oil glut offset healthy production gains in India, Malaysia, Philippines, and Thailand. The general attitude of the petroleum industry toward the region was enthusiasm for exploration prospects. Acreage acquisition was brisk in Indonesia, Malyasia, and Thailand. Drilling was on the increase in India, Indonesia, and Thailand. Seismic activity continued strong in most parts of the reporting area. Exploration appears to be alive and well in the Far East.