Following a long quiet spell since the peaks of 1974 the Asia Pacific region has again come back into the news, with an overall increase in activity throughout the region, rather than concentrated in any one country. The authors suggest that the improved scenario is the result of appreciation that there are still excellent opportunities and that legislation is competitive in the region. There continues to be a wide selection of opportunities in every geological sphere, of every size, providing incentive for both the largest and smallest companies. Costs, while increasing, have not risen as staggeringly as they have in other areas of the world, as in the North Sea, and entry expenditures such as bonuses and work obligations, are modest relative to the large areas and typical block sizes. With a stable or softening oil price, the authors foresee a growth in Asia Pacific activity and achievement of an all time high in the 1982–83 period.

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