Indonesia focuses upstream toward sweeter terms, gas

Journal Article · Mon Jan 31 04:00:00 EST 1994 · Oil and Gas Journal; (United States)

OSTI ID:5464162

With the prospect looming this decade of losing its status as a net oil exporter, Indonesia is sweetening the pot for foreign petroleum investors and refocusing on natural gas. The decline in the discovery rate of oil reserves and low world oil prices have caused Indonesian hydrocarbon exploration in 1992--93 to fall short of expectations after the boom in drilling during 1989--91. Indonesia's government earlier this month disclosed a long awaited incentive package designed to attract new oil investors to high risk and remote areas of the archipelago. The paper describes the incentive package, production sharing contracts, reserves and production, the gas future, and domestic gas use.

• OSTI ID: 5464162
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 92:5; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ASIA
DEVELOPING COUNTRIES
ECONOMIC DEVELOPMENT
ENERGY POLICY
ENERGY SOURCES
FINANCIAL INCENTIVES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INDONESIA
INVESTMENT
ISLANDS
MAPS
NATURAL GAS
PETROLEUM