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Indonesia warns oil output to finish in 10 years’ time Indonesia’s oil watchdog, BPMIGAS, warned on Friday that the country’s dwindling oil reserves could be exhausted in 10 years’ time if no new reserves are found. Indonesia has struggled to develop its rich energy resources, turning into a net importer of crude oil in recent years.

Posted in Economy @ 04 August 2008 11:10 CET by Jeroen · permalink · 0 reactions


Indonesia Jan crude output edges up to 859,000 bpd Indonesia’s crude oil output rose 0.2 percent to 859,000 barrels per day (bpd) last month from December levels as some wells returned from maintenance and February production may increase further, an official said on Saturday. “Indonesia’s crude production may be higher in February because some wells will produce at maximum, although the increase may not be much,” said the official from oil watchdog BPMIGAS, who declined to be identified. Daily production in December was at 857,000 barrels.

Posted in Economy @ 04 February 2007 02:47 CET by Jeroen · permalink · 0 reactions


Indonesia says still apart with Exxon over Natuna Indonesia and Exxon Mobil Corp. played down a deadline on Monday for the expiration of a contract to operate the Natuna D-Alpha gas block, although an official at oil watchdog BPMIGAS said the two sides remained far apart. Indonesia says it has terminated the contract, while Exxon Mobil has said its Natuna contract remains valid until January 2009 and still plans to develop the field.

Posted in Economy @ 08 January 2007 13:55 CET by Jeroen · permalink · 0 reactions


Exxon stands firm on Natuna contract Despite uncertainty over its contract, giant oil and gas company ExxonMobil has expressed optimism that it will start developing the D-Alpha gas field in the Natuna Sea in 2008. "The contract is still valid and stands as it is. There have been no official talks about the contract being revised, let alone terminated," Peter J. Coleman, the company's president and general manager for Indonesia, told the press in Jakarta on Thursday evening.

Posted in General @ 13 October 2006 13:26 CET by Jeroen · permalink · 0 reactions


Indonesia terminates Exxon Mobil's Natuna contract Indonesia has terminated a contract held by Exxon Mobil Corp. on the huge Natuna offshore gas field, the country's oil minister said on Tuesday, amid high extraction costs and a lack of buyers for the gas. Despite the difficulties developing the field, the move to end Exxon's contract may cause concern among foreign investors about uncertainties of doing business in Indonesia, compounding worries over the legal system, labour and corruption.

Posted in Economy @ 11 October 2006 06:11 CET by Jeroen · permalink · 0 reactions


Chevron to invest $6 bln in Indonesia gas fields Chevron Corp. (CVX.N) plans to invest about $6 billion to develop gas fields off the coast of Borneo, aiming to crank up flagging Indonesian gas output, a senior official at the country's oil watchdog said on Monday. Indonesia, the world's top liquefied natural gas (LNG) exporter, has failed to meet its contractual commitments to traditional buyers such as Japan, South Korea and Taiwan because of a slump in production.

Posted in Economy @ 09 October 2006 15:25 CET by Jeroen · permalink · 0 reactions


Pertamina: Indonesia okays Cepu oilfield plan Indonesia's energy regulator has approved the development plan for its big Cepu oilfield, with production on track to begin in late 2008 or early 2009, the head of state oil firm Pertamina said on Monday. "The development has been approved, we are proceeding with the field development," Pertamina President and CEO Ari Soemarno told Reuters on the sidelines of the Asia Oil & Gas Conference (AOGC). "We hope we can start late 2008 or early 2009."

Posted in Economy @ 12 June 2006 18:40 CET by Jeroen · permalink · 0 reactions


Govt to withdraw last troops from Aceh on 29th December Indonesia will pull out the last of its special forces from Aceh on Dec. 29 after rebels surrendered their last weapons this week, marking an end to a conflict that has claimed 15,000 lives in the tsunami-devastated province. The fourth and last phase of relocation started on Dec. 20 with 1,621 "non-organic'' military troops withdrawing from Lhokseumawe port, northeast of the provincial capital Banda Aceh, said the Aceh Monitoring Mission, which monitors the implementation of the peace agreement between the government and the Free Aceh Movement rebel group.

Posted in Aceh conflict @ 24 December 2005 10:00 CET by Jeroen · permalink · 0 reactions


2005 oil and gas well drillings fall below its target Indonesia, Southeast Asia's biggest oil producer, drilled 62 oil and gas wells this year, below the government target, because of higher costs of oil rigs, a government official said. Indonesia had wanted companies such as PT Pertamina, BP Plc and ConocoPhillips and Total SA to drill as many as 81 wells this year to increase the country's oil and gas reserves, Kardaya told reporters today in Bandung, West Java.

Posted in Economy @ 18 December 2005 10:17 CET by Jeroen · permalink · 0 reactions


Indonesia to stay as full Opec member Indonesia, Asia-Pacific’s only member of the Organisation of the Petroleum Exporting Countries (Opec), has decided to remain a full member of the group, an official at energy watchdog BPMIGAS said yesterday. Indonesia’s declining oil production has left it unable to meet its Opec quota, and it became a net importer of oil for several months of last year. That lead to some calls from parliamentary and industry groups for it to leave the group.

Posted in Economy @ 31 July 2005 10:43 CET by Jeroen · permalink · 0 reactions


Indonesia to open 43 new areas for oil and gas exploration Indonesia will open 43 new areas for oil and gas exploration in 2005 in a bid to shore up declining oil reserves and output, an official at the mines and energy ministry told Reuters. Asia-Pacific’s only OPEC member became a net oil importer last year due to production problems at ageing wells, but officials insist Indonesia should be able to restore its net exporter status in the longer term.

Posted in Economy @ 10 April 2005 00:01 CET by Jeroen · permalink · 0 reactions


Indonesia may not meet 2004 oil production target Indonesia, Southeast Asia's biggest oil producer, may miss its production target this year because of falling output from aging fields, the country's regulator said. Output of crude oil and condensate, a light oil produced in association with natural gas, may average 1.05 million barrels a day, below the 1.07 million barrel target, Trijana Kartoatmodjo, deputy of operations at BPMigas, said in Jakarta.

Posted in Economy @ 29 October 2004 00:03 CET by Jeroen · permalink · 0 reactions
    
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