Companies / Indonesia
Indonesian Drive To Boost Production
March 2007 | Industry NewsFaced with declining oil reserves and production, a growing crude import bill, and the possibility of being relegated to observer status in the Organisation of the Petroleum Exporting Countries (OPEC), Indonesia has a number of energy challenges it needs to tackle. We expect the country's crude demand to grow from an estimated 1.1mn barrels per day (b/d) in 2006 to around 1.25mn b/d by 2010, and its gas demand to grow from approximately 41.4bn cubic metres (bcm) to 52.8bcm over the same period. Although Indonesia's natural gas reserves are not declining as rapidly as its crude resources, and gas output
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