Read e-book online The Off-Shore Petroleum Resources of South-East Asia: PDF
By Corazón Morales Siddayao
l curiosity within the off-shore petroleum assets of South-East Asia was once manifested within the Nineteen Sixties while improvement in off-shore technol ogy allowed oil businesses to go looking past potential land components. The dramatic raises in oil costs within the early Seventies yet extra quite the occasions of 1973 and 1974, while global oil costs have been quadrupled by way of the oil exporting international locations and significant provide cutbacks have been skilled through convinced built international locations, additional heightened this curiosity. Cost/price relationships had not just greater and made off-shore oil in hitherto much less beautiful components commercially potential; countries that have been web importers and whose overseas alternate reserves have been strained by way of the excessive import bills of international oil additionally chanced on it prudent to start trying to find indigenous assets and to inspire such seek. the hunt for and discovery of petroleum in South-East Asia at the scale within which it's been carried out within the final ten years used to be new to the zone. It was once average, hence, for college kids of South-East Asia to elevate questions about its development, questions touching on in ternational kinfolk, social affects, and financial coverage im plications. the aim of this research is to aim and resolution the query: 'What are the potentials for conflicts or cooperation between international locations coming up from the quest for petroleum assets within the seabeds of South-East Asia?' the matter of conflicts or cooperation between countries is a subject that has many aspects and should contain a large number of concerns, for instance, felony, fiscal, technical, safeguard, social, etc.
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Extra resources for The Off-Shore Petroleum Resources of South-East Asia: Potential Conflict Situations and Related Economic Considerations
PN, August 1976, p. 20. The refining industry in Singapore was reported to be in the process of re-designing its facilities to accommodate lighter crude from the region. See Asian Wall Street Journal, 17 February 1977, pp. I, 7, 'Singapore's economy is entering a phase of reduced growth' . 23. 6%', p. 10. 24. Far Eastern Economic Review, 25 June 1976, 'Tapping Burma's onshore oil', p. 84_ The authenticity of this projection is not verifiable. 25. World Bank, Price Prospectsfor Major Pn'mary Commodities, Annex IV, p.
26. O. Gaffney et. , Economic appraisal of the potential petroleum resources of the Asian Pacific retgion', Offshore Southeast Asia Conference, 19 February 1976. 27. The estimate for the Philippines is also considerably more conservative than that estimated by the Development Academy of the Philippines (DAP) of over 20 million metric tons consumption in 1985. 56 or almost double that used by the World Bank. See Gonzalo, op. cit_ THE VALUE OF PETROLEUM 21 In mid-I977 there were reliable reports that the Philippines would have a small oil producing field off Palawan.
148. This was also found to be consistent with data in Offshore Magazine, 20 June 1975. p. 71. NOle: Numbers in parenthesis under rate of growth denote years of computation less than 10. Source: United Nations, World Energy Supphes, Stat. Series J. No. 19 (New York, 1976), Tables 6 and 15; Offshore Magazine, 24 June 1976. p. S. Bureau of Mines, iWi71l'rallrldustry Surveys, 'World Crude Oil Production, Annual. 1975'. issued 9 June 1976. and 'World Natural Gas: 1974', issued 23 June 1976; Socialist Republic of the Union of Burma, Report to the Pyithu Hluttaw on Financial.
The Off-Shore Petroleum Resources of South-East Asia: Potential Conflict Situations and Related Economic Considerations by Corazón Morales Siddayao