News / Asia

US Navy Chief Warns Pyongyang Over Nuclear Threats

U.S. Pacific Command, Adm. Samuel Locklear speaks during a roundtable briefing with the media members at the U.S. Embassy in Tokyo, April 11, 2012.
U.S. Pacific Command, Adm. Samuel Locklear speaks during a roundtable briefing with the media members at the U.S. Embassy in Tokyo, April 11, 2012.
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Luke Hunt

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by: Cris Calitina
February 19, 2013 12:59 AM
Commercialising new oil & gas reserves?

Inevitably, many of your new finds are in areas straddling internationally disputed boundaries, such as in the Thai Gulf, Tarakan Basin, Baram Delta, Timor Sea, Bay of Bengal, among others in Asia-Pacific and the world (Caspian Sea, Lake Malawi, South China Sea etc.)

E&P companies are therefore seeking ways to commercialise these petroleum reserves through either delimitation of boundaries or other means such as joint development and unitisation.

BUT REALLY – how long would it take for even just 2 claimants to agree on a boundary delimitation?

50 years. And you just don’t have that time to wait around! So JDAs and unitisation techniques are now top of mind for companies seeking to develop and commercialise important new oil & gas reserves.

The 2nd INTERNATIONAL BOUNDARY DISPUTES AND UNITISATION IN E&P (13-14 March 2013, Bangkok, Thailand) continues the work towards actionable insights, giving operators and regulators the technical know-how and keeping you up-to-date on the intricate web of issues and actors surrounding commercialisation of petroleum reserves straddling boundaries.


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Video US Oil Surge Could Impact Mideast Geopolitics

The United States will account for a third of new oil supplies over the next five years, and will become energy self-sufficient in 20 years, according to a new report by the Paris-based International Energy Agency (IEA). Although U.S. oil imports from Arab Gulf countries increased last year, analysts predict the U.S. will lose its dependence on Middle East imports, which is expected to have a huge impact on international relations and the balance of power. VOA's Henry Ridgewell reports.