Insight
New partnerships, new approaches in Indonesia's upstream sector
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Over the last eight years, Indonesia has seen a major shift in the upstream corporate landscape. Oil majors and international oil companies (IOCs) that contributed to nearly two-thirds of domestic production, have reduced their contribution to one-third in 2018. Companies have simplified portfolios, retrenched to core areas and are focused on opportunities that deliver the biggest bang for buck. At the same time, PERTAMINA has almost doubled its domestic production since 2010. But the NOC is juggling multiple financial commitments and will need to prioritize. Bringing on partners with the financial wherewithal and technical expertise could help ease the NOC's burden. Given the wealth of opportunities in Indonesia, healthy corporate diversity is essential to pursue a sustainable resource renewal strategy. Alignment between the government, regulator and NOC as well as competitive fiscal terms can help bring in the right partner for the right project.
Table of contents
- Summary
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Global upstream fiscal tracker: follow the key discussions in the upstream sector
Global upstream fiscal discussions tracker provides the Wood Mackenzie view on the key fiscal discussions as they unfold.
$1,350
Insight
What is driving offshore wind as a North Sea upstream decarbonisation solution?
Start-up of Hywind Tampen and new licensing rounds in the UK (INTOG) and Norway (Utsira Nord, Sørlige Nordsjø II) are building momentum.
$1,350
Country Report
Pakistan upstream summary
Pakistan's upstream sector is characterised by production from mature basins where the cost of exploration and development is low. ...
$6,480
