Exploration, production and the current status of Japanese oil development firms in the Middle East.
1999
By the middle of 1960's, the International Oil Trusts had discovered and operated many giant oil fields in the Middle East region almost exclusively. They begun to relinquish the part of their concession based on their understanding on the shortage of unexplored big structures in this area and the growing power of oil producing countries. The several Japanese oil firms started their exploration and production activities on these relinquished areas. Under such a circumstances Japanese explorationists and engineers had carried out and realized substantial contribution.The drastic development of oil producing countries in Arabian Gulf area were realised in 1970's. They promoted the nationalization of oil resources by their newly established national oil companies in each countries, and emphasized the importance of secondary recovery scheme for the purpose of increasing the recovery percentage on the developed oil fields.The newly participated Japanese oil firms in this decade conducted their operation in good manner with their sophisticated techniques and established the mutual trust relationship between the oil producing countries.Some alternative energy resources replacing of petroleum could be utilized in some time in the far future. However, the maintenance of oil resources is essential for the mankind till such time. Particulary in our country, much more promotion of oil exploration is indispensable for the survival and prosperity in the 21st century, because of the most of the Japanese industries, business frameworks and personal life have been established on the foundation mainly composed of enormous consumption of oil resources.
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