Indonesia Crude Oil Production | 2019 | Data | Chart
Crude Oil Production in Indonesia averaged 1264.42 BBL/D/1K from 1973 until 2019, reaching an all time high of 1720 BBL/D/1K in December of 1977 and a record low of 704 BBL/D/1K in April of 2019. source: U.S. Energy Information Administration
Low Oil Prices Can Cause Lower Oil Production in Indonesia
Although oil prices somewhat recovered from 12-year lows on Friday (08/01) on China's rebounding stock market there is concern that Indonesia will not achieve its 2016 oil lifting target as the country's oil producers become less eager to boost production rates amid unattractive oil prices.
Crude Oil Production & Exploration 2016 Update Indonesia
Amien Sunaryadi, Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas), said oil production realization in Indonesia so far this year stands at 834,000 bpd. However, due to seasonal factors output is set to fall in September.
Low Crude Oil Prices Threaten Indonesia's Biodiesel Program
Persistent weak crude oil prices jeopardize smoothness of Indonesia's biodiesel program as cheap oil - currently trading below USD $30 per barrel - reduces demand for biodiesel and makes the biodiesel industry less economic viable. This year the government of Indonesia plans to launch the B20 biodiesel program (one notch up from the existing B15 program), referring to the requirement to blend
Crude Oil Indonesia - Indonesian Oil Production & Consumption
Chevron Pacific Indonesia, subsidiary of Chevron Corporation, is the largest producer of crude oil in the country, accounting for around 40 percent of national production. Other major players in Indonesia's oil industry are state-owned Pertamina , Total, ConocoPhillips, PetroChina, CNOOC, Medco, BP, Kodeco, and Exxon Mobil.
PDF Oil and Gas in Indonesia - PwC
In a more local sense, investment in the oil and gas industry in Indonesia is estimated to reach US$ 20 billion in 2016 and is expected to be US$ 26.8 billion in 2017 . However, the industry's contribution to the state revenue has in fact fallen sharply from 14% in 2014 to 4% in 2015, and dropped to 3% in 2016.
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