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ID 14352
file
creator
Chow, Larry C. H.
Lo, Wing-yin
NDC
Economics
abstract
China started to develop its offshore oil resources in earnest in the early 1980s, when world oil pricewas high and projections about the potential of its offshore oil were extremely rosy. But as explorationand development efforts unfolded in the 1980s, disillusionment set in very quickly, given the mediocreamount of oil discoveries made. This article traces the development of the Chinese offshore oil industryfrom the early 1980s to 1998, with emphasis on the last ten years. Various aspects of development,including length of seismic survey lines undertaken, number of wells drilled, amount of oil discovered,amount of investments made, offshore fields developed, offshore production and revenue from oil salesare presented and analysed.Further, the article also discusses in detail the factors that contributed to the deflation of the highhopes relating to Chinese offshore production, with a final section taking a glimpse into the future.
journal title
Journal of International Development and Cooperation
volume
Volume 7
issue
Issue 2
start page
81
end page
97
date of issued
2001-03
publisher
広島大学国際協力研究科
issn
1341-0903
ncid
SelfDOI
language
eng
nii type
Departmental Bulletin Paper
HU type
Departmental Bulletin Papers
DCMI type
text
format
application/pdf
text version
publisher
department
Graduate School for International Development and Cooperation
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