Indonesia needs an an increase in exploration work — and fast — if it is to have any real chance of arresting its declining oil production, writes Amanda Battersby.
The former Opec stalwart has been a net importer of oil for almost 14 years now and its membership of the producers’ cartel today remains suspended.
Indigenous production is continuing to slide with most crude output coming from mature assets, many of which employ secondary or tertiary recovery techniques.
