2013年7月29日星期一

Fracking difficult to apply in Southeast Asia

Southeast Asia as the world's most dynamic economic development of the regions, in addition to other countries outside of Singapore's economic development is relatively backward, although countries have energy products, but has yet to expand the resource development. With the outbreak of the American Revolution  shale gas ,   Hydraulic fracturing  technology Zhongxingpengyue immediately became the focus of the Southeast Asian countries are also eager, but fracking is difficult to become Southeast Asia's development.

All along, the Southeast Asian countries are committed to the creation of wealth through oil and gas, but countries are quite different levels of development, Brunei oil and gas industry is flourishing, in order to ensure that the oil and gas sector to maintain high growth, the Brunei government decided to implement the oil production policies, accelerate oil and natural gas resource development. Brunei government plans to accelerate the pace of onshore and offshore oil and gas exploration carried out a series of programs. The industry is expected, Brunei 2035 oil production from the current 40 million barrels to 80 million barrels. In addition, Malaysia's oil and gas production has been steadily growing, but Myanmar, Cambodia, the Philippines, Vietnam and East Timor in the oil and gas reserves are still struggling with development plans.

Must admit that fracking emergence of this innovative technology for the exploitation of oil and gas industry has brought a revolutionary impact, even though the technology can extend the life of existing fields, but its impact on the environment has been criticized.

In fact, the Southeast Asian countries, and the strength of the neighbors and the energy giant's oil and gas cooperation negotiations have been very difficult, and the emergence of  hydraulic fracturing  method to make this process more difficult, particularly with regard to the South China Sea, Thailand Bay, the Timor Sea and Andaman politically sensitive areas such as oil and gas reserves.

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