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Oil & Gas Industry in Indonesia
Oil & Gas Industry in Indonesia
1942 japanese take over most oil fields during WWII and slow
production
1962 pan America n oil company signed the first contract of work
with pertamina
1962 indoneia joints OPEC
Oil Reserve:
Indonesia currently holds proven oil reserves of 4.7 billion barrels,
down 13% since 1994. Much of Indonesia's proven oil reserve base is
located onshore. Central Sumatra is the country's largest oil
producing province and the location of the large Duri and Minas oil
fields. Other significant oil field development and production is located
in accessible areas such as offshore northwestern Java, East
Kalimantan, and the Natuna Sea. Indonesian crude oil varies widely
in quality, with most streams having gravities in the 22o to 37 o API
range. Indonesia's two main export crudes are Sumatra Light, or
Minas, with a 35 o API gravity, and the heavier, 22o API Duri crude.
NaturalGas:
Indonesia has proven natural gas reserves of90.3 trillion cubic feet
(Tcf)(1/1/2004). Most of the country's natural gas reserves are located
near the Arun field in Aceh, around the Badak field in East
Kalimantan, in smaller fields offshore Java, the Kangean Block
offshore East Java, a number of blocks in Irian Jaya, and the Natuna
D-Alpha field, the largest in Southeast Asia. Despite its significant
natural gas reserves and its position as the world's largest exporter of
liquefied natural gas (LNG), Indonesia still
relies on oil to supply about half of its own energy needs. About 70%
of Indonesia's LNG exports go to Japan, 20% to South Korea, and the
remainder to Taiwan.
Indonesia still relies on oil to supply about half of its own energy
needs.
Sumatra: Arun, Alur Siwah, Kuala Langsa, Musi, South Lho Sukon,
Wampu
PRODUCTION HISTORY:
Indonesia is the third oldest oil producer in the world after the United
States and Russia, with production having commenced more than a
century ago. In 2000, Indonesia ranked 17th in the list of the worldd's
largest oil producers. Currently, Indonesia is the second largest oil
producer, after China, in the Asia Pacific region with over 27% of the
the region's oil production.
Caltex is the largest single independent Indonesian oil producer with over
700,000 barrels per day.
Indonesia's oil production was formally governed by a quota
allocation from OPEC. At the March 1991 OPEC ministerial meeting,
Indonesia's quota was set at 1.445 million barrels per day, below the
country's estimated production capacity of 1.7 million barrels per day.
Indonesia's quota represented about 6 percent of total OPEC
production.
CPI now accounts for 44 percent of the country's crude oil production.
Pertamina's production dropped 8.3 percent, due to steady declines in its
matured and depleted fields in South Sumatra and Kalimantan. In
contrast, national oil company Exspan reported a 3.6 percent increase in
production, due to strong performance from its Rimau oil block in South
Sumatra,.China's increased presence is another significant change to the
oil production picture.
Main operating companies:
table(2)
OIL REFINERIES (1/1/04)::
JAVA:
,Surabaya,Ardjuna(offshore),
SUMATRA:
Belawan, Perlak, Palembang, Tanjung Uban (offshore)
KALIMANTAN:
UjungPandang
IRIAN JAYA:
Sorong, Bula ,Ikan Pari
PETROCHEMICALS:
REFERENCE:
www.eia.com
www.usembassy jakarta .com
www.bloom berg.com
Pipe line:
A proposed pipe line a (6000 mile) extends from southern Sumatra
region to Singapore with a capacity (3.6 B cum/y).
A pipe line (363 mile) extends from Vrissik to west Java designed to
supply (6.2 B cum/y).