Oil reserves in Southeast Asia
This article needs to be updated.(November 2023) |
There are many oil reserves in Southeast Asia. The first
Historical
The historical records of Southeastern Asian
Though off-shore drilling was not a practise first used in Southeast Asia and in
Current situation
Today, Southeast Asia is some of the most active area of offshore exploration in the world.[3] The impetus behind this in recent decades can be largely attributed to three phenomena: technological innovations in the industry, political developments in Southeast Asia and the Middle East, and the emergence of Japan as a hot-spot for petroleum trade operations.
At this moment, Southeast Asia produces nearly 2 million barrels per day (as well as 500 million cubic feet of natural gas).[4] However, the region's main oil producers, Indonesia, Malaysia and Vietnam, are planning for a future as oil importers as their oil output declines and domestic demand rises. As Indonesia became a net importer of oil, the country declared its own suspension from OPEC in 2008.[5]
List of oil fields
Brunei
Indonesia
- Bula Fields, near Bula, Indonesia
- Telega Tunggal No 1
Malaysia
Vietnam
References
- ^ Michael Morrow; Bulletin of Concerned Asian Scholars, Vol. 7, 1975
- ^ Ranjit, Singh, “Brunei 1834-1983: The Problems of Political Survival,” Singapore: Oxford University Press, 1984
- ^ Virtual Information Center, “Brunei Primer Report on Petroleum,” 14 February 2005
- ^ "South China Sea and Natural Gas." Global Security. 2 Apr. 2008 <http://www.globalsecurity.org>.
- ^ Forbes.com