Oil has been produced in the Far East for centuries and modern exploration began near the end of the nineteenth century. Exploration continues today amidst political uncertainty. Many areas of the Far East are in a mature exploration stage and will not contribute significantly to future production. However, the Far East does have significant undiscovered or remaining hydrocarbon potential. Although these potential reserves, outside of the People's Republic of China, may not be important enough to impact on the world supply, they certainly will influence the economic growth and possibly the political stability of the countries in the area. Many of the new play areas exist in politically difficult environments as well. It will take new innovative negotiating practices and a further clarification of the political situation to allow private business to continue to successfully operate at a profit in this high risk area--the Far East.