ABSTRACT

Nearlyhalfoftheworld'sprovenreservesofoillieoffshoreanditis estimatedthatovertwo-thirdsofallfutureoildiscoverieswillalsobe locatedoffshore.Butinanyoilexplorationareaitisthelargerfields whichtendtobefoundfirstandevenwhensmalldiscoveriesaremade theoiltendstobeleftinthegroundastheoilcompaniesrushtodevelop thelargerandmorecommercialfields.