Oil and Gas Developments in Far East in 1984

Abstract

In 1984, the Far East region was no exception to the general worldwide slowdown in petroleum activities, although exploration and production were maintained at relatively high rates. Exploratory drilling decreased by 14%, and development drilling was down by 7%. The slowdown in Indonesia, the most active country for which data are available, was the main reason for the overall decline. In contrast, Brunei, Burma, and Pakistan significantly increased their exploration drilling. Seismic activity in the region was up by 6%. A significant increase in marine seismic acquisition occurred in India, whereas Indonesia, Burma, and Brunei had a slowdown. As in the past, Indonesia maintained its role as the most active country in the region. No detailed exploration data were available for the People's Republic of China. The bulk of the exploration efforts in the region took place in relatively mature areas; frontier areas had a relatively low level of activity. There were no major oil or gas discoveries in the region, although Brunei, Burma, India, Indonesia, Malaysia, Pakistan, and Thailand had multiple successes in finding modest hydrocarbon reserves. Record acreage awards were made in Pakistan and Thailand, in contrast to Indonesia where awards were at the lowest level in recent years. A general increase in farm-out offerings reflected the need to spread the risk of large exploration commitments. Production of both oil and gas increased significantly. Output of crude and condensate was up by 10% (an increase of 445,000 BOPD). A 21% increase was achieved in gas production, mainly due to expansions at Mobil's Arun and Huffco's Bontang LNG plants in North Sumatra and East Kalimantan, respectively.