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Outside Malaysia and Brunei the bulk of new exploration is conducted by relatively smaller companies side-by-side with the major companies like Exxon, Gulf, Mobil, Shell, and Texaco.
The impact of high oil prices is felt in every country, whether developed or developing, and has brought to world attention the fact that not only are petroleum resources in limited supply and exhaustible but also that substitutes cannot be found easily or quickly.
l INTEREST in the off-shore petroleum resources of South-East Asia was manifested in the 1960s when development in off-shore technol ogy allowed oil companies to search beyond prospective land areas.
The impact of high oil prices is felt in every country, whether developed or developing, and has brought to world attention the fact that not only are petroleum resources in limited supply and exhaustible but also that substitutes cannot be found easily or quickly.
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