Indonesian Petroleum Production Declines by 0.21%: https://www.wartaekonomi.co.id/read205648/produksi-minyak-bumi-indonesia-turun-021.html/30 November 2018
The production of petroleum, natural gas and national coal tends to decline, while on the other hand, public consumption continues to grow. The Coordinating Minister of Maritime Affairs of the Republic of Indonesia, Luhut B Panjaitan said that oil production decreased by 0.21% per year, and consumption grew by 2.1% per year. The trend of natural gas and coal production also continues to decline.
Luhut also said that for more than 15 years, especially for petroleum there was no new exploration and it is feared that it will greatly affect the nation's energy security. Therefore, Indonesia must immediately diversify its energy sources and must develop various renewable energy sources which potential is still very large to be developed. The potential for renewable energy is very large, but utilization is still low. The development of renewable energy technology will be more rapid in line with the increasingly affordable technology of electric batteries or lithium batteries. The government will prepare incentives and regulations to support the development of this sector and mastery of technology so that it can encourage the development of renewable energy.
The Fall of Oil Prices Threaten National Oil and Gas Industry, www.cnnindonesia.com, 29 July 2015
The phenomenon of increasingly declining crude oil prices in recent times will add to gloomy oil and gas industry (oil and gas).
No exception, Indonesian oil and gas industry which is predicted to be a bitter pill to swallow due to the fall of the price of black gold which is currently moving only in the level of US $ 50 per barrel.
SKK oil and gas will continue to make intensive communication with the contractor the contract (PSC) in order to deal with the weakness. Communication and coordination of the efforts that have been made is to speed up the revision of the work plans and budgets or Work Plan and Budgeting (WP & B) for which accounts have been completed last June.
Natural Oil and Gas Extraction in Indonesia
Indonesia Industry Report and Market Research
February 15, 2024
Industry Code : B2210
Forecast to : 2028
Definition
Natural Oil and Gas Extraction in Indonesia This class consists of firms mainly engaged in producing crude oil and condensate, and in treating these products on site to produce liquefied petroleum gas (LPG) and liquefied natural gas (LNG).
Activities
The primary activities of firms in this industry are:
The Natural Oil and Gas Extraction industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.
Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.
The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.
