PUBLISHER: GlobalData | PRODUCT CODE: 1706684
PUBLISHER: GlobalData | PRODUCT CODE: 1706684
Indonesia remains a global player in energy markets with signifcant reserves. Though onshore production has declined, Indonesia continues to explore deepwater, and ultra-deepwater projects in order to sustain production. With licesnsing rounds and regulatory reforms improving, investments continue to pour in, and M&A activity further strengthens their goals of sustaining output levels.
With declines in onshore production being offset by a ramp-up in offshore and deepwater expansion, Indonesia is keen to continue its E&P activities, and incentivize domestic, and outside investment to do the same. Projects like Geng North, Gendalo-Galang, and renewed investments in Tangguh, will keep up production levels, while ultra-deepwater projects continue to come online.
Today, Pertamina dominates the hydrocarbon sector in Indonesia, but Eni's acquisitions and drastic growth could reflect a change in market dynamics. Despite all the challenges, Indonesia's commitment to technological advances to work on maturing fields to increase outputs, increased investments, and ET goals, maintains their status in Southeast Asia, and global energy markets.