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The AAPG/Datapages Combined Publications Database

AAPG Bulletin

Abstract


Volume: 58 (1974)

Issue: 10. (October)

First Page: 2124

Last Page: 2156

Title: Petroleum Developments in Far East in 1973

Author(s): J. D. Bowman (2)

Abstract:

In the Far East, during 1973, more than 295 exploration wells were drilled, and 39 new oil and gas fields were discovered. Approximately 60% of the activity was focused in Indonesia. Oil production averaged 2,855,226 BOPD in the Far East, and includes 1,000,000 BOPD from the Peoples's Republic of China. That is an increase of 31% over 1972, when daily production averaged 2,178,226 BOPD and included 600,000 BOPD from the People's Republic of China. Indonesia accounts for 46.5% of the crude oil produced in the Far East, and is followed by China, 35.0%; Brunei, 8.1%; India, 5.5%; and East Malaysia, 3.2%. Although natural gas production figures are incomplete, the daily Far East average exceeded 2.5 Bcf. Plans are being formulated for the construction of LNG plants in Sarawak offshore Western Java, and North Sumatra. Petroleum legislation is being revised in Bangladesh, Burma, and Malaysia. Areas were opened for bid in Burma, India, Malaysia, and South Vietnam. Exploration contracts may be awarded by these countries and, possibly, Bangladesh before the close of 1974. Several deep-water blocks were acquired in 1973 and test wells may be drilled in the near future. The second deep-water test, 1,200 ft (365 m), was abandoned on the south coast of Java. Plans for geothermal exploration have been formulated in the Philippines.

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