Central & SE Asia / Australasia

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Summary | Profile

Country profile: Indonesia

Location: Southeastern Asia, archipelago between the Indian Ocean and the Pacific Ocean
Climate: tropical; hot, humid; more moderate in highlands
Terrain: mostly coastal lowlands; larger islands have interior mountains
Size: 1919440 sq. km total (Land area: 1826440 sq. km  Water area: 93000 sq.km)
Population: 237,512,355 (July 2008 est.)
Languages: Bahasa Indonesia (official, modified form of Malay), English, Dutch, local dialects (the most widely spoken of which is Javanese)
Government: republic
Capital city: Jakarta
Legal system: based on Roman-Dutch law, substantially modified by indigenous concepts and by new criminal procedures and election codes; has not accepted compulsory ICJ jurisdiction
Currency: Indonesian rupiah (IDR)

Country profile

Indonesia has the largest population in Southeast Asia and the fourth largest population in the world (behind China, India, and the United States). In 1962, Indonesia joined the Organization of the Petroleum Exporting Countries (OPEC) and became a net importer of oil in 2004.

The Dutch began to colonize Indonesia in the early 17th century; the islands were occupied by Japan from 1942 to 1945. Indonesia declared its independence after Japan's surrender, but it required four years of intermittent negotiations, recurring hostilities, and UN mediation before the Netherlands agreed to relinquish its colony. Indonesia is the world's largest archipelagic state and home to the world's largest Muslim population.

Current issues include: alleviating poverty, preventing terrorism, consolidating democracy after four decades of authoritarianism, implementing financial sector reforms, stemming corruption, holding the military and police accountable for human rights violations, and controlling avian influenza. In 2005, Indonesia reached a historic peace agreement with armed separatists in Aceh, which led to democratic elections in December 2006. Indonesia continues to face a low intensity separatist movement in Papua.


Energy production and consumption

Oil Gas
Production: 1 million bbl/day (2006 est.) 74 billion cu m (2006 est.)
Consumption: 1 million bbl/day (2006 est.) 37 billion cu m (2006 est.)
Exports: 470,000 bbl/day (2006 est.) 29 billion cu m (2006 est.)
Imports: 500,000 bbl/day (2006 est.)  
Reserves: 4 billion bbl (2007 est.) 2 trillion cu m (1 January 2007 est.)
Major fields:

Indonesia - recent news

27 Jul 20
Indonesia: Oilex provides update on re-award of West Kampar
Oilex has announced substantial progress has been made towards the Company’s strategic objective to regain a participating interest in the West Kampar PSC in Indonesia, which is expected to lead, subject to financing, to recommencing production from the Pendalian oil field.
29 Jun 20
Indonesia: Jadestone Energy announces acquisition of operated 90 percent interest in Lemang PSC
Jadestone Energy has executed an acquisition agreement with Mandala Energy Lemang to acquire an operated 90% interest in the Lemang PSC, onshore Indonesia, for a total initial headline cash consideration of US$12 million.
26 May 20
Indonesia: Mako gas field resource audit confirms significant upgrade
Coro Energy has announced the results of an independent resource audit of the Mako gas field, which forms part of Duyung PSC in the West Natuna basin, offshore Indonesia, in which Coro holds a 15% non-operated direct interest.
22 May 20
Indonesia: Coro Energy completes Duyung PSC acquisition
Coro Energy, the Southeast Asian focused upstream oil and gas company, has announced that all necessary Indonesian regulatory approvals for the transfer of title of the 15% direct interest in the Duyung PSC to Coro have now been received.
14 Apr 20
Indonesia: Empyrean Energy announces resource upgrade for the Mako gas field
Empyrean Energy has announced an upgrade of resource estimates for the Mako gas field, which forms part of the Duyung PSC in the West Natuna basin, offshore Indonesia. The resource update has been prepared internally by the operator of the Mako gas field, Conrad Petroleum, and follows a highly successful appraisal drilling campaign in Q4 2019.

Indonesia - more news

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