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.
Figures & Tables
The energy and mineral resources of the vast Pacific basin and its neighboring land areas play a vital role in meeting the ever-growing needs of society worldwide. Building on the foundation of a highly successful conference held in 1978, this volume contains 51 of the 135 papers presented there. Subjects included are general and specific in nature--oil, gas, and coal resources; geothermal fields, uranium; tin; evaporites, trace elements; water resources; magma energy and fuels from magma. Geological and geophysical techniques, and also the new tool of remote sending for petroleum and minerals exploration are represented. Tectonics, structure fundamentals, subsurface hazards, international treaties and the law of the deep sea are discussed. Seventeen countries and regions are represented in these papers: Thailand, Nicaragua, the United States, Japan, Peru, Antarctica, El Salvador, Australia, Mexico, Taiwan, New Zealand, China, Chile, Indonesia, Canada, and the Pacific Ocean.