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The oil and gas industry makes a huge contribution to the Indonesian economy, providing energy and products that stimulate economic and social development.
In addition to their core products and services, oil and gas companies and associated service industries also contribute to economic development by building capacity, using and developing local content, providing employment, investing in training and education, and introducing new technologies.
Investor interest in exploration and production in Indonesia remains high, and there have been significant increases in new Production Sharing Contracts and in the number of new projects currently underway and or being planned.
Current hydrocarbon reserves in Indonesia's tertiary sedimentary basins are estimated at 8,4 billion barrels of oil and 164,9 trillion cubic feet of gas.
