Large independents find opportunities in Southeast Asia deep water

Large independent companies are at the forefront in exploring and developing the deepwater potential in Southeast Asia, which may see an increase in deepwater expenditures during 2005-08.The nations of Southeast Asia have had falling oil production rates for several years but only recently begun addressing this decline by allowing exploration in deep water.During the last 10 years, the nations of West Africa, particularly Angola and Nigeria, have turned to the major oil companies to finance deepwater exploration and development to preserve and promote their market shares.In Southeast Asia, particularly Indonesia and Malaysia, the situation is somewhat different. Apart from the Royal Dutch...

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