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In the case of Pan Orient, the company worked with the elected government of Thaksin Shinawatra for more than a year to resolve some regulatory matters, with no success. One of few Canadian companies willing to risk operating in Southeast Asia, Pan Orient has achieved considerable success in Thailand. The Canadian disadvantage: Neither did Canada, arguing that increasing energy costs would put the country’s industries (many of them energy-intensive, resource extraction operations) at a disadvantage compared to those of its biggest trading partner and competitor. Much of our energy consumption goes into mining, forestry and other resource extraction industries. “When the region was drilled in the ‘70s and ‘80s, the development threshold was a field of 50-100 million barrels” because prices were so much lower. Let’s not forget how much the American economy’s 20th century growth was fuelled by its vast energy wealth. Other forms of development, such as energy development, are even more invasive with far-reaching environmental consequences.

The “real story” about the region, he says, is that smaller companies coming even into the heavily explored parts of Southeast Asia can succeed. According to Pan Orient’s president, Jeff Chisholm, Southeast Asia is an ideal place to do business. So, in these kinds of circumstances, it is always very important to closely monitor each and every kind operation that takes place. Also, it takes a lot of energy to manufacture light oil from the oilsands and to produce refined products for export to the States. On top of this, according to geologists and oil experts, oil is due to run out before the end of this century. Breitling ran a density-neutron log, microlog and an induction log and decided to run pipe based in analysis by Breitling’s engineers and geologists. Water, wind and the sun all are renewable sources of energy or “green” energy; we cannot run out of the wind, but the wind does not blow consistently.

I got frostbite the first day there, wandering around base trying to find out where I got my winter issue. Two world wars, the often bloody collapse of colonialism, political instability and the rise of autocratic government, endemic corruption – all these helped keep the petroleum industry out of the region. “The Asian economies are growing fast, so the governments need to keep the economy going. So did Japan and Korea, after they became fully developed economies. A truck that can drive through the night is going to accumulate more miles faster than one driven by a driver who needed to stop to sleep. Like the Eveready bunny, our demands for ever more energy have kept going and going and going. Hydropower is still the world’s major supplier of electricity by renewable energy. There are still villages with the original names, but with no, or few, Young’s homes, such as Addiewell, Breich, Blackburn, Burngrange, Harburn, Brandy Braes, Hermand, Cobbinshaw, Seafield, Uphall and Broxburn.

Everywhere you look there are Southeast Asian artefacts. Chisholm offers this as evidence of the virtual irrelevance of political issues for explorers operating in Southeast Asia. This and other such ventures launched the petroleum industry in Southeast Asia and linked its resources to the energy markets of the world. The country made its industry more attractive to foreign investors because the vast archipelago – formally a member of OPEC – has become an oil importer. First Tranche Petroleum (FTP) is the oil and gas shared by the parties in PSC before the cost recovery. The first describes your company’s credentials and financial information. The company’s offices are adorned with paintings of Buddha, a wooden sculpture of one of the ferocious demon-guardians that embellish Thai temples and many other fine pieces of traditional religious art. Pan Orient: Fast forward to the present, and the Calgary offices of Pan Orient Energy. Today, of course, energy imports have instead become a major drain on US wealth.