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ENERGY NEWS
Indonesian 2001 Petroleum Statistics
SUMMARY
Petroleum supply and demand trends in 2001
continued to move Indonesia toward eventual net importer status,
although its net exports still average 330,000 barrels of crude oil
and condensate per day. Crude and condensate production in 2001
dropping 5.2 percent, while domestic demand for petroleum fuel
products rose 2.9 percent according to preliminary figures. Natural
gas production also declined 3.2 percent in 2001, but Pertamina
predicts that it will rebound in 2003 to supply domestic and export
demand. LNG export receipts dropped 21 percent to US $5.4 billion due
primarily to the four-month suspension of ExxonMobil's natural gas
production from its onshore fields and the subsequent shutdown of the
Arun LNG plant. End summary.
Crude oil production dropped
Indonesia crude and condensate production declined
in 2001 to an average of 1.341 million barrels per day (b/d). The
total, comprising 1.209 million b/d of crude and 131,900 b/d of
condensate, represented a 5.2 percent drop from the 2000 level of
1.414 million b/d. Most major producers (Caltex, BP, Exxon/Mobil, Vico,
Gulf Resources and Pertamina) saw a decline in production. Increases
of production from Exspan, Devon Energy and Total Indonesie mitigated
the reduced output, however. Since Indonesia requires about 1.1
million b/d to meet domestic requirements, Indonesia was still able to
export about 330,000 b/d of crude and condensate.
In February 2002, crude oil production rose slightly
to 1.13 million b/d from 1.10 million b/d in January and condensate
production also rose to 144,000 B/d. The Energy Ministry's Directorate
General for Oil and Gas (MIGAS) attributed the increase to an OPEC
quota, at 1.125 million b/d excluding condensate, that is higher than
current production. Production will have to increase further, however,
to reach 2002 budget revenues based on crude oil production of 1.32
million b/d and an oil price of $22 per barrel.
Caltex Pacific Indonesia, which accounted for 48
percent of the country's crude oil production in 2001, produced
643,000 b/d in 2001, compared to 706,000 b/d in 2000. The company
blamed security disruptions, citing a series of disputes with local
administrators and workers, for the lower production. The company
estimated revenue losses of around $400 million in 2001. Caltex has
targeted 610,000 b/d of crude oil production for 2002.
Indonesian Crude and Condensate
Production by Company
(1,000 Barrels/Day)
|
Company
|
1999
|
2000
|
2001
|
Change(%)
|
|
Caltex
|
746.0
|
705.9
|
643.3
|
-8.9
|
|
YPF/Maxus
|
140.1
|
126.6
|
125.7
|
-0.7
|
|
Total
|
81.2
|
85.5
|
90.0
|
5.3
|
|
Exspan
|
37.5
|
67.2
|
77.0
|
14.6
|
|
BP
|
71.5
|
62.6
|
50.8
|
-18.8
|
|
Unocal
|
63.9
|
59.4
|
59.3
|
-0.2
|
|
Vico
|
54.7
|
48.4
|
40.8
|
-15.7
|
|
Conoco
|
64.4
|
47.8
|
47.9
|
0.2
|
|
Pertamina
|
44.2
|
46.3
|
45.1
|
-2.6
|
|
Gulf
Resources
|
45.1
|
40.1
|
35.3
|
-12.0
|
|
Devon
Energy
|
41.6
|
37.6
|
45.8
|
21.8
|
|
ExxonMobil
|
42.3
|
28.2
|
13.4
|
-52.5
|
|
Others
|
67.8
|
58.5
|
66.2
|
6.1
|
|
TOTAL
|
1,500.3
|
1,414.1
|
1,340.6
|
-5.2
|
|
- Crude
|
1,351.3
|
1,271.7
|
1,208.7
|
-5.0
|
|
- Condensate
|
149.1
|
142.2
|
131.9
|
-7.2
|
Source:
MIGAS
Natural gas production declined
Indonesia's natural gas production declined 3.2 percent in 2001 to
2.8 trillion standard cubic feet (TCF), or 7.7 BCF per day. This was
the energy equivalent of 1.33 million barrels of oil per day (b/d), or
slightly less than the country's 2001 crude production daily average.
Pertamina predicts that natural gas production will exceed 3.2 TCF by
2003 in response to the increasing demand for gas for export and
domestic use. In 2001, over 89 percent of natural gas production
originated from seven major producers: Total (31.4 percent), Vico
(16.5 percent), BP (10.5 percent), Pertamina (9.9 percent), ExxonMobil
(9.6 percent), Gulf Resources (5.8 percent) and Unocal (5.7 percent).
Several companies significantly increased gas output:
- TotalFinaElf, Indonesia's largest gas producer in
Indonesia, increased gas production by 4.6 percent in 2001 and
brought new gas fields (Peciko and Tunu) onstream to supply mainly
LNG and fertilizer plants.
- Conoco, Gulf Resources and Amoseas increased gas output
in the western part of the Natuna Sea by 97.8 percent, 7.8 percent
and 132 percent, respectively.
- Devon Energy increased gas production by 46 percent
mainly from Jabung field in South Sumatra.
- Vico increased gas production from the Badak field in
East Kalimantan by 2.6 percent to 464 BCF. Vico is a principal
supplier of gas to the LNG, LPG and fertilizer plants at Bontang,
East Kalimantan.
- Exspan increased natural gas production by 81 percent to
a total of 41 BCF from 23 BCF in 2000. The company made production
improvement from its Rimau block in South Sumatra.
On the negative side, ExxonMobil and Caltex experienced production
declines.
- ExxonMobil's gas production from its giant but maturing Arun gas
field in North Sumatra declined 41.6 percent to only 268 BCF due
to security disruptions. The Arun LNG plant, two nearby fertilizer
plants, and a pulp and paper factory use Arun's natural gas.
- Caltex's gas production dropped by 13 percent to 50 BCF from 58
BCF in 2000 in tandem with drops in its crude and condensate
production.
Natural
Gas Production By Major Producers
(Million SCF)
|
Company
|
1999
|
2000
|
2001
|
Change
00/01 (%)
|
|
Total
|
684,565
|
841,419
|
880,237
|
4.6
|
|
Vico
|
477,368
|
452,456
|
464,049
|
2.6
|
|
BP
|
298,327
|
293,034
|
294,964
|
0.7
|
|
Pertamina
|
259,132
|
285,692
|
276,791
|
-3.1
|
|
ExxonMobil
|
794,299
|
458,929
|
268,109
|
-41.6
|
|
Gulf
Resources
|
166,449
|
165,226
|
163,751
|
-0.9
|
|
Unocal
|
162,903
|
166,316
|
159,313
|
-4.2
|
|
Caltex
|
68,252
|
57,753
|
50,306
|
-12.9
|
|
Devon
Energy
|
20,107
|
30,901
|
45,091
|
45.9
|
|
Conoco
|
8,673
|
20,924
|
41,378
|
97.8
|
|
Exspan
|
29,364
|
22,711
|
40,989
|
80.5
|
|
Premier/Amoseas
|
16,451
|
12,572
|
29,238
|
132.6
|
|
YPF/Maxus
|
24,430
|
24,894
|
27,611
|
10.9
|
|
Eksita
|
5,770
|
10,349
|
13,429
|
29.8
|
|
Kodeco
|
10,108
|
12,392
|
11,034
|
-11.0
|
|
Others
|
42,151
|
45,734
|
38,805
|
-15.2
|
|
TOTAL
|
3,068,349
|
2,901,302
|
2,807,143
|
-3.2
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Source:
MIGAS
LNG Exports Declined in 2001
Indonesia's LNG exports decreased 11.5 percent in 2001 to 1.239
trillion BTU (23.9 million MT), with earnings declined by 21 percent
to US $5.4 billion from US $6.8 million in 2000. The decline reflects
low LNG production from Arun LNG plant when ExxonMobil suspended
operations at all three onshore gas fields in Aceh -- Arun, South
Lhoksukon and Pase -- in mid-March 2001 due to security concerns in
the strife-torn province. The Bontang LNG plant, which now has a
capacity to produce 21.64 million MT/year of LNG from eight trains,
increased LNG exports by 4.5 percent to 21.1 million MT in 2001.
Exports to the leading destinations (Japan and Korea) declined 6.7
percent and 33 percent to 871 million BTU and 212 million BTU
respectively. Pertamina is seeking to increase LNG exports to South
Korea as its privatization process presents additional marketing
opportunities.
LNG by Destination and Volume
(both in 1000 BTU) and Value
Year
|
Japan
|
Korea
|
Taiwan
|
Total
|
US $Mln
|
|
1996
|
955,772
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