INDONESIA'S UPSTREAM OIL AND GAS INDUSTRY : PROBLEMS, GOVERNMENT EFFORTS, AND RECOMMENDATIONS
Indonesia’s economic growth is strategically supported by the oil and gas industries. Population growth, namely urban population, has sharply increased local energy consumption. McKinsey and Company predicts that by 2030, the number of urban population in Indonesia will reach 90 milion, the third after China and India. This population group will be the main cause of the rise in energy consumption of this country.
Despite current efforts to develop new energy sources, fossil fuel is still predicted to dominate the energy supply of developed countries such as Indonesia, into the next decades. The government has issued several policies to increase national oil and gas production, encouraging explorations backed by investors. However, various problems often hinder Indonesia’s upstream oil and gas industry activities.
This report series will discuss four main challenges faced by oil and gas investors and contractors in Indonesia, the government’s efforts to overcome the challenges, analysis, and recommendations for investors or other playes in the upstream oil and gas industry.
This report is based on interviews with industry players, core policy creators, and stakeholders in those sectors, with research results obtained by Katadata. This report has four volumes:
Complicated Licensing Regime and Protracted Bureaucracy
- Published on 1 June 2016
- This report will contain information on:
- Current licensing situation in Indonesia’s oil and gas sector
- Frequent licensing issue and its impacts on the industry
- Licensing reform
- Analysis and recommendation
- This report includes 1 pdf file.
- 20 pages.