Frontier search to slow in Indonesia

Journal Article · Mon Jul 20 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:7296569

This paper reports that oil and gas exploration in Indonesia likely will begin refocusing on proven areas after 1993, Arthur Andersen and Co.'s Far East oil analyst predicts. Arthur Andersen's James Sales the disappointing exploration results, outdated production sharing contract (PSC) terms, and low oil prices are discouraging companies from exploring frontier acreage. But Indonesian frontier activity during 1992-93 is likely to remain high because a large number of PSCs awarded in the past 2 years by state owned Pertamina cover high risk frontier areas. PSC contractors have disclosed several discoveries on recently awarded frontier tracts. However, the discoveries have been relatively small and far from pipeline infrastructure. With prevailing low oil prices, Pertamina likely will find it difficult to entice companies to extend PSCs or joint operating agreements beyond minimum exploration commitments.

• OSTI ID: 7296569
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:29; ISSN 0030-1388; ISSN OIGJA
• 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
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ASIA
CONTRACT MANAGEMENT
DEVELOPING COUNTRIES
ENERGY SOURCES
EXPLORATION
FOSSIL FUELS
FUELS
INDONESIA
INDUSTRY
ISLANDS
MANAGEMENT
MARKET
NATURAL GAS INDUSTRY
NATURAL GAS WELLS
OIL WELLS
PETROLEUM
PETROLEUM INDUSTRY
PIPELINES
PRICES
PROGRAM MANAGEMENT
US DOE PROGRAM MANAGEMENT
WELLS