Abstract

Since the last OSEA Conference in February 1978, at least 68 new exploration contracts and 25 farmout agreements have been identified in Southeast Asia. Although high finding rales for commercial hydrocarbons appear to continue (1 in 5), proven oil fields remain characteristically small (less than 20 million barrels recoverable). Available statistics indicate that a significant expansion of exploration activities in Southeast Asia has occurred within the last two years. This should continue if political influences outside the region will allow. Also host governments in Southeast Asia must clearly recognise the particular exploration problems that exist within the region, so that realistic contract terms can be negotiated and agreed. Availability of seismic crews and drilling units from other areas outside the region will provide the main constraint on continued exploration growth.