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Indonesia Oil Gas Sector GBG

Having been a mainstay of the economy for many decades since the first discovery of oil in 1885, Indonesia’s oil and gas sector is perceived as in a state of decline. Having become a net importer of oil in 2004 and relinquishing OPEC membership in 2008, oil production figures have continued to decrease from their peak at 84.9 MET in 1977.

Oil Gas Industries in Indonesia GBG

Overview: Indonesia’s Downstream Oil and Gas Sector Growing energy demand and manufacturing activities are creating investment opportunities in Indonesia’s downstream oil and gas sector. This section looks at the latest development within the downstream sector of the industry.

Indonesia Oil and Gas Sector Investment GBG

Foreign investors seeking to operate in Indonesia’s oil and gas sector are currently restricted to several types of upstream business activities only. This is due to the last revision to Indonesia’s Negative Investment List through Presidential Regulation No. 39 of 2014 (See Overview of the Negative Investment List ).

Overview of Indonesia’s Downstream Oil and Gas Sector

Indonesia’s oil and gas sector is regulated by Oil and Gas Law No. 22 of 2001, with Government Regulation 36 of 2004 outlining further rules for downstream businesses. Energy and Mineral Resources Ministry Regulation 7 of 2005 provides more specific guidance on permits. Separate licenses are required for core activities in processing, ...

Oil and Gas Upstream Production in Indonesia GBG

Realized upstream investment in the oil and gas sector rose by 15% to $16.1 billion in 2012, continuing an upward trend (MEMR). A mere $1.4 billion USD of that sum, however, was spent on exploration, while $13.7 billion USD went on production and development activities and the remaining $1 billion USD on administrative expenses, according to government figures.

Indonesia’s Oil Gas Equipment and Services GBG

Indonesia and Malaysia presented “the highest potential for deepwater and marginal fields’ development,” the firm added in a press release in October 2013. The equipment and services subsector naturally depends on activity in the wider oil and gas sector, which in

Oil and Gas in Indonesia - PwC

Oil and Gas in Indonesia Investment and Taxation Guide 11 If Indonesia is to attract new investment into the oil and gas sector, these uncertainties must be addressed. The paramount concern should be improving reserve replacement and increasing production, to provide more energy security to the country as demand continues

Indonesia Oil and Gas Sector Report 2020/2021 Industry ...

In 2019, the sector’s gross value added (GVA) accounted for 4.9% of the nominal GDP, down from 8% in 2014. And while the country managed to keep its place among the top producers of oil and gas in the Asia Pacific region, it started to lose ground globally, falling to ninth position in terms of LNG exports in 2018, down two places from 2018.

Oil and Gas in Indonesia - PwC

Indonesia has been active in the oil and gas sector for more than 130 years, after the first oil discovery in North Sumatra in 1885. A member of OPEC from 1961, Indonesia suspended its membership in 2009 after years of declining production, rejoined in January 2016, but suspended its membership again in November 2016.

Indonesia Oil and Gas Market - Analysis, Growth, Trends ...

Indonesia invested USD XX billion in the oil gas sector between 2013 and 2015 and it is estimated that an additional USD XX billion would flow in by 2021. Indonesia oil gas market contributes to the region’s oil production that stands at 5 percent of the global production. It is projected to reach a volume of XX million by 2021, at an increase of XX percent since 2015.

Indonesia’s $120 Billion Oil and Gas Opportunity

06-11-2017  Indonesia’s $120 Billion Oil and Gas Opportunity. November 06, 2017 By Alex Dolya , Asheesh Sastry , Eddy Tamboto, and Fadli Rahman. It’s a prize within reach: between $90 billion and $120 billion of additional GDP over the next decade, an amount that would add 1% to 1.4% to Indonesia’s annual GDP growth rate at a time when faster growth is in ...

Oil and Gas in Indonesia - PwC

8 PwC Oil and Gas in Indonesia: Investment and Taxation Guide 9 Foreword “Welcome to the 8 th edition of the PwC Indonesia Oil and Gas in Indonesia - Investment and Taxation Guide. The 8th edition captures the latest tax and regulatory changes that have occurred in the oil and gas industry during the past two years. This publication has been written as a general investment and taxation tool ...

Indonesian Oil and Gas Sector: Legal Framework

Indonesia's oil and gas sector is regulated mainly by Law No. 22 of 2001 regarding Oil and Natural Gas (the "Oil and Gas Law"). Oil and gas business activities classified as upstream, i.e., exploration and exploitation, are further regulated by Government Regulation No. 35 of 2004, as lastly amended by Government Regulation No. 55 of 2009 regarding Upstream Oil and Natural Gas Business Activities

Oil Gas Regulation 2021 Indonesia ICLG

Indonesia’s oil and gas sector is governed by Law No. 22 of 2001 regarding Oil and Natural Gas (November 22, 2001), as amended by Law No. 11 of 2020 regarding Job Creation (November 2, 2020) (“Job Creation Law”) (collectively, the “Oil and Gas Law”).

Upstream Oil Gas Sector of Indonesia in Alarming

Although on the decline, Indonesia's upstream oil and gas sector still accounts for 3.3 percent of Indonesia's gross domestic product (GDP). Moreover, it is estimated that for each USD $1 million that is invested in the oil and gas sector, Indonesian GDP expands

Directorate General of Oil and Gas - JCCP

DIRECTORATE GENERAL OF OIL AND GAS. Directorate General of Oil and Gas. Directorate General Oil and Gas has duties to formulate and implement technical standardization and policy in Oil and Gas sector. THE DUTY • Preparation of policy formula Department in Oil and Gas sector. • Implementation of policy in Oil and Gas sector.

What Are the Biggest Oil Gas Companies in Indonesia ...

The five biggest oil producers in Indonesia - who together account for 73.34 percent of the nation's total oil production - are Chevron Pacific Indonesia, ExxonMobil, Pertamina EP, Pertamina Hulu Mahakam, and the China National Offshore Oil Corporation (CNOOC). Based on data from the upstream oil gas regulator of Indonesia, SKK Migas, these five ...

Indonesia Oil and Gas Sector Report 2020/2021 Industry ...

And while the country managed to keep its place among the top producers of oil and gas in the Asia Pacific region, it started to lose ground globally, falling to ninth position in terms of LNG exports in 2018, down two places from 2018. E xports of oil and gas took a 7.5% share in the total in 2019, while imports of oil and gas accounted for 12.8%. This report provides a complete and detailed analysis of the oil

Oil and Gas in Indonesia - pwc

all stakeholders and those interested in the oil and gas sector in Indonesia. We have therefore endeavoured to create a publication which can be of use to existing investors, potential investors, and others who might have a more casual interest in the status of this important sector in Indonesia.

Oil Gas Regulation 2021 Indonesia ICLG

Indonesia’s oil and gas sector is governed by Law No. 22 of 2001 regarding Oil and Natural Gas (November 22, 2001), as amended by Law No. 11 of 2020 regarding Job Creation (November 2, 2020) (“Job Creation Law”) (collectively, the “Oil and Gas Law”).

Upstream Oil Gas Sector of Indonesia in Alarming

Although on the decline, Indonesia's upstream oil and gas sector still accounts for 3.3 percent of Indonesia's gross domestic product (GDP). Moreover, it is estimated that for each USD $1 million that is invested in the oil and gas sector, Indonesian GDP expands

Oil Gas Industry Indonesia: Investment in Exploration ...

The portion of investment in exploration toward total investment in Indonesia's oil and gas sector has grown markedly. In the first two months of 2018, investment in exploration contributed 10.75 percent to total oil and gas investment in the aforementioned period. In the preceding six years, this percentage ranged between 2 - 8 percent. Prabowo added that the total USD $1.8 billion of investment in

Oil and Gas in Indonesia - PwC

8 PwC Oil and Gas in Indonesia: Investment and Taxation Guide 9 Foreword “Welcome to the 8 th edition of the PwC Indonesia Oil and Gas in Indonesia - Investment and Taxation Guide. The 8th edition captures the latest tax and regulatory changes that have occurred in the oil and gas industry during the past two years. This publication has been written as a general investment and taxation tool ...

What Are the Biggest Oil Gas Companies in Indonesia ...

The five biggest oil producers in Indonesia - who together account for 73.34 percent of the nation's total oil production - are Chevron Pacific Indonesia, ExxonMobil, Pertamina EP, Pertamina Hulu Mahakam, and the China National Offshore Oil Corporation (CNOOC). Based on data from the upstream oil gas regulator of Indonesia, SKK Migas, these five ...

New era of oil and gas in Indonesia - The Energy Year

The government regulation on gross-split production-sharing contracts, GR No. 53/2017, was signed by President Joko Widodo on December 27, 2017, and marked a new era of investment in the upstream oil and gas business in Indonesia.

Mapping corruption risk in Indonesia’s upstream oil and ...

Furthermore, the large investment necessary in gas and oil limits business players in the sector, which heightens the risk of corruption. This research focuses on the private sector in Indonesia [s upstream oil and gas industry – which in 2016 involved 324 contractors, 6,947

Home Indonesian Petroleum Association

Oil and Gas Sector Still Holds an Important Role for Future Energy Supply. 10 Feb, 2020. ... It is challenging for Indonesia to meet its oil and gas lifting target, and even more challenging to boost it up. In 2019, based on data from The Upstream Oil ...

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