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)

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 23
Indonesia: Jadestone Energy signs US$200 million RBL facility to fund Akatara field development
Jadestone Energy, an independent oil and gas production company focused on the Asia-Pacific region, has signed a new US$200 million reserves-based lending ('RBL') facility with a group of four, reputable, international banks. The facility supports key growth objectives including infill drilling in Malaysia and executing the Akatara gas development project in Indonesia.
02 May 23
Indonesia: Conrad Asia Energy provides Q1 activities report
Conrad Asia Energy, the ASX-listed Asia-focused natural gas exploration and development company, has provided an overview of activities for the period ending 31 March 2023. Conrad has engaged a global investment bank to lead a farm-down process for the divestment of a portion of Conrad’s interest in the Duyung PSC. Bids are expected to be received during the June quarter and the industry response to date has been encouraging.
05 Apr 23
Indonesia: INPEX submits revised Plan of Development for Abadi LNG Project, Masela Block, Indonesia
INPEX has announced that through its subsidiary, INPEX Masela, it has submitted a revised Plan of Development (POD) for the Abadi LNG Project in the Masela Bock, offshore Indonesia, incorporating a carbon capture and storage (CCS) component to Indonesian government authorities on behalf of the joint venture composed of INPEX and Shell.
03 Apr 23
Indonesia: Indonesia Energy announces updates on discovery wells drilled in 2022 and development plans for 2023
Indonesia Energy Corp (IEC), an oil and gas exploration and production company focused on Indonesia, has announced updates on its discovery wells drilled in 2022 and its ongoing development activities and plans for 2023 and beyond, including a potential contract extension for its Kruh Block.
27 Feb 23
UK: UKOG provides update on Horse Hill water reinjection
UK Oil & Gas PLC (UKOG) has announced that, as a necessary precursor to its planned Horse Hill-2z ('HH-2z') Portland formation water reinjection project, the Company has now installed three, shallow, groundwater monitoring boreholes at its 85.635% owned producing oil field.

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