Word: conoco
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Dates: during 1970-1979
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Needless Delay. Still, the attitude of Mai pen rai persists, and it is not confined to businessmen. In June, Conoco Oil sank a test well in the Gulf of Siam to see if reports of oil sources there were accurate. A discovery could help revive the Thai economy, but the government's cumbersome bureaucracy barely seems interested. It has delayed interminably in setting regulations for offshore drilling, and other oil companies are unwilling to commit capital without them. As a result, portable oil rigs, which were destined earlier for Thai offshore exploration, have now been moved to other potential...