Indonesia Oil and Gas Exploration and Production Market Volumes and Forecast by Terrain, Assets and Major Companies, 2021-2025
Summary
The oil and gas industry has played a major role in the economy of Indonesia in the past. Despite the growing economy and thus increase in energy demands over the years, its oil and gas industry has gradually shrunk. Over a decade ago, Indonesia was a significant oil-exporting country, but since the early 2000’s domestic consumption increased and exceeded production levels, notwithstanding, Indonesia still holds significant reserves of oil and gas to be explored and produced. The country’s oil and gas industry is dominated by natural gas production, mainly from shallow water terrain.
Scope
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