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.
Wealth of Natural Gas Indonesia Many Exported, deficiency Infrastructure : http://beritaplatmerah.com/kekayaan-gas-bumi-indonesia-banyak-diekspor-akibat-kekurangan-infrastruktur/13 May 2016
Indonesia has natural gas reserves of 170 TSCF, expected to run about 50 years. However, the wealth of natural gas is not properly managed, the benefits for the people has not been maximized.
Minister of Maritime Economy and Resources Rizal Ramli criticism that Indonesia too many exporting gas. Gas which should be used for industrial and become high value added raw just exported to foreign countries, and Indonesia imported goods so that the raw material is gas from Indonesia itself. The Ministry of Energy and Mineral Resources said, this happens due to lack of natural gas infrastructure owned by Indonesia. Utilization of gas in the country is limited due to the lack of infrastructure, inevitably most of the eventual gas production is exported.
Therefore, gas infrastructure development needs to be encouraged so that Indonesia is no longer recognized as a major gas exporter, but a country that is higher competitiveness for utilizing the rich gas well.
Natural Oil and Gas Extraction in Indonesia
Indonesia Industry Report and Market Research
May 18, 2018
Industry Code : B2210
Forecast to : 2022
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.
