SPECIAL REPORT: Interest heats up Southeast Asia discovery, production

Exploration and appraisal drilling in Southeast Asia has continued at high levels through 2006 as oil companies, flush with cash, seek to replace reserves. The high level of license awards in 2005 sustained drilling activity through 2006, and this trend is expected to continue if operators can secure access to drilling rigs.A number of significant discoveries were made during 2005-06, with Indonesia and Malaysia accounting for more than half of them. About 30 discoveries were made this year, adding potential reserves of 300 million bbl of oil and 10 tcf of gas.Husky Oil China Ltd.’s deepwater gas discovery off China was the highlight of the year to date, encouraging further licensin...

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