Central & SE Asia / Australasia

Indonesia flag
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)
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

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).
14 May 24
Indonesia: PETRONAS signs a 20-year PSC extension deal for the Ketapang Contract Area
PETRONAS has signed a Production Sharing Contract (PSC) extension for the Ketapang Contract Area located in the Java Sea following the approval granted by the Government of Indonesia through the Ministry of Energy and Mineral Resources on 21 December 2023, effectively extending the contract until 2048.
14 May 24
Indonesia: PETRONAS signs Production Sharing Contract for the Bobara Working Area, Eastern Indonesia
PETRONAS E&P Bobara, a subsidiary of PETRONAS, has signed a Production Sharing Contract (PSC) for the Bobara Working Area located at the offshore of West Papua, Eastern Indonesia. PETRONAS has been awarded the Bobara Working Area with a total acreage of 8,444.49 sq kms during the third round of Indonesia Petroleum Bid Round 2023.
14 May 24
Indonesia: Mubadala Energy the new favourite in Indonesia's exploration sector with Tangkulo-1 discovery
The recent Tangkulo-1 gas and condensate discovery has placed Mubadala Energy and the South Andaman block at the centre of a promising North Sumatra deepwater play, according to Wood Mackenzie.
13 May 24
Indonesia: Mubadala Energy announces second consecutive significant gas discovery in South Andaman, Indonesia
Mubadala Energy has announced another substantial gas discovery from the Tangkulo-1 exploration well, drilled in South Andaman, about 65 kms offshore North Sumatra, Indonesia.

Indonesia - more news

Other countries in this region




A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 234

Completed Deals

Completed Upstream Deals: 6571

Company Profiles

Current Company Profiles: 2912

Corporate Activity

Current Corporate Activity articles: 4149

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1658

Geostudies

Current Geostudies articles: 968

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

energy365
Syntillica
Borchwix
Bayphase
Merlin
Union Jack Oil 149
OPC
Telos NRG
Rose & Assocs
Government of South Australia
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com