Abstract: Petroleum Potential in Far East

Jon D. Champeny

Oil has been produced in the Far East for hundreds of years and modern exploration began near the end of the 19th century. Exploration continues today amid 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 for 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 reserve areas are in politically difficult environments as well. It will take innovative negotiating practices and a f rther clarification of the political situation to allow private business to continue to operate at a profit in this high-risk area.

AAPG Search and Discovery Article #90962©1978 AAPG 2nd Circum-Pacific Energy and Minerals Resource Conference, Honolulu, Hawaii