PETROLEUM DEVELOPMENTS IN FAR-EAST IN 1974

In the Far East, during 1974, more than 290 exploration wells were drilled and 34 new oil and gas fields were discovered; 29 new fields and 176 wells were drilled in Indonesia accounting for 61% of the drilling activity in the Far East. Production of 1,739,230 BOPD was reported, excluding an estimated 1,000,000 BOPD reportedly produced in the People's Republic of China. This is down 4% from 1973 when 2,855,226 BOPD were reported including 1,000,000 BOPD from the People's Republic of China. Indonesia accounts for 51% of the crude oil produced, and is followed by China, 37%; Brunei 8%; and East Malaysia 3%. Gas production figures are incomplete.