Central & SE Asia / Australasia
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) |
| Licensing: |
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
| 03 Jul 24 |
Petronas appoints ABL in Indonesia The Indonesian branch of Malaysian national oil company Petronas has awarded energy and marine consultancy ABL a contract to provide rig inspection services to its assets operating offshore Indonesia. Under the terms of the contract, ABL can be called on to provide rig assurance, equipment focused inspections, drilling readiness peer reviews, client representation and technical risk assessments. |
| 01 Jul 24 |
Indonesia Energy commences new 3D seismic operations at its Kruh Block and expects to drill new production wells by end of year Indonesia Energy Corp has provided an operational update and announced that new 3D seismic exploratory operations at its 63,000 acre Kruh Block have commenced. Importantly, IEC anticipates that the results of this seismic work will allow IEC to drill new production wells at Kruh Block the by the end of 2024. |
| 24 Jun 24 |
Indonesia: Empyrean Energy JV signs binding Gas Sale Agreement with PGN Empyrean Energy has announced that it, and the Mako JV partners have entered into a binding Gas Sales Agreement for the sale and purchase of the domestic portion of Mako gas with PGN, the gas subsidiary of PT Pertamina (Persero), the national oil company of Indonesia. |
| 06 Jun 24 |
Indonesia: Jadestone Energy provides update on the Akatara gas development project onshore Indonesia Jadestone Energy has provided an update on the Akatara gas development project onshore Indonesia. The project remains on schedule for gas in approx. two weeks time and for commercial gas, LPG and condensate sales following shortly thereafter. |
| 22 May 24 |
Indonesia: Criterium Energy signs agreement for sale of its interest in the Bulu PSC for C$10.5 million Criterium Energy has signed a binding Sale and Purchase Agreement ('SPA') for the arm’s length divestment of its wholly owned subsidiary which holds a 42.5% non-operated working interest in the Bulu Production Sharing Contract. As previously released, total consideration for the Transaction is US$7,750,000 (C$10,500,000). |
Indonesia - more news
Other countries in this region
- Australia,
- Bangladesh,
- Brunei,
- Cambodia,
- China,
- Fiji,
- Hong Kong,
- India,
- Japan,
- Laos,
- Malaysia,
- Maldives,
- Mongolia,
- Myanmar,
- Nepal,
- New Zealand,
- North Korea,
- Pakistan,
- Palau,
- Papua New Guinea,
- Philippines,
- Singapore,
- South Korea,
- Sri Lanka,
- Taiwan,
- Thailand,
- Timor Leste,
- Vietnam
