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Collision between Australia and SE Asia began in the Early Miocene and reduced the former wide ocean between them to a complex passage which connects the Pacific and Indian Oceans. Today, the Indonesian Throughflow passes through this gateway and plays an important role in global thermohaline flow. The surrounding region contains the maximum global diversity for many marine and terrestrial organisms. Reconstruction of this geologically complex region is essential for understanding its role in oceanic and atmospheric circulation, climate impacts, and the origin of its biodiversity. The papers in this volume discuss the Palaeozoic to Cenozoic geological background to Australia and SE Asia collision. They provide the background for accounts of the modern Indonesian Throughflow and oceanographic changes since the Neogene, and consider aspects of the region's climate history--
l INTEREST in the off-shore petroleum resources of South-East Asia was manifested in the 1960s when development in off-shore technol ogy allowed oil companies to search beyond prospective land areas. The dramatic increases in oil prices in the early 1970s but more particularly the events of 1973 and 1974, when world oil prices were quadrupled by the oil exporting nations and major supply cutbacks were experienced by certain developed nations, further heightened this interest. Cost/price relationships had not only improved and made off-shore oil in hitherto less attractive areas commercially prospective; nations that were net importers and whose international exchange reserves were strained b...
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which may be termed 'political. risks'-may be important deter minants of investment. After taking such risks into consideration in the exploration and development stage, a firm computing the pres ent value of its probable income stream must consider several other factors. In addition to the current rate of production, it must con sider these: (I) engineering limits to the rate of extraction in any given period, (2) physical limits to the total amount of the resource that can be produced within a given location, and (3) limits to the availability of new petroleum sources at the same costs as at the present location. It might be useful at this point to note that the firm as an explo ration age...
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Covers period up to December 31, 1980.