Indonesia is at a turning point in its energy development. The country is looking to reverse years of declining production and investment in the oil and gas sector through new exploration contracts, the development of potentially vast offshore reserves, and acquisitions. Dozens of new contracts have been signed since 2008, however, including 11 new production-sharing contracts in November 2011...
Asia Energy
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Largely impervious to recent economic woes in the developed economies, Indonesia’s mining sector is riding high on a wave of high commodity prices. Meanwhile, the government has undertaken to revise regulations governing the sector in a bid to improve clarity and attract more investors. However, parliamentary opposition to some of the changes, including the removal of a requirement that foreign...
An archipelago of over 17,500 islands, Indonesia is today the world’s fourth-largest country by population, at 245m. The astonishing diversity of ethnicities and cultures comes together in a democratic framework under the pancasila, or “five principles”: nationalism, humanitarianism, representative democracy, social welfare and monotheism
As hydrocarbons production in maturing blocks has declined and domestic energy consumption has increased, the Indonesian government has been looking for ways to boost investment in the country’s upstream oil and gas sector. Some of the measures the government has undertaken have proved effective at attracting investors, including increased incentives and a more flexible production sharing contract (PSC) framework introduced in 2008. However, regulations that were implemented in early January 2011 may have the opposite effect.
Economic update | Brunei Darussalam: Plans on paper
28 Oct 2011
With a radical overhaul of its energy sector planned, Brunei Darussalam is looking to ramp up production at the wellhead while expanding downstream activities through a long-term programme that is intended to quadruple national revenue and boost employment.
With significant recent gas discoveries off the coast of Sabah, excitement about the country’s future as an oil and gas producer is growing. In the meantime, the national oil giant Petronas is moving forward with its plans to ensure Sabahans receive the necessary training to meet the need for skilled workers in the oil and gas fields.