Competition for Petroleum Exploration Capital in the Asia-Pacific Region – Implications for New Zealand and Austrialia

Abstract

This paper examines the future energy production and demand profiles for the Asia Pacific region and the global allocation of exploration capital made by major international petroleum companies. The implications of these factors for future government petroleum exploration policies within the region are considered, in particular the Australian and New Zealand situations, together with likely effects of such measures on the ability of exploration and production companies to raise capital.