Indonesia, known for its abundant natural resources, has been blessed with substantial oil and gas reserves. The exploration and extraction of these valuable resources are primarily carried out by various companies, both domestic and international. The oil and gas industry in Indonesia is a significant player in the country’s economy, contributing to its energy needs and providing substantial revenue.
Here, we present a list of the top ten oil and gas companies in Indonesia and shed light on their contributions to the nation’s energy sector.
Also read: 14 Top Multinational Companies in Indonesia
Pertamina stands at the forefront as the largest oil and gas company in Indonesia. As a state-owned enterprise, it plays a crucial role in the country’s energy security. With around 60% of Indonesia’s oil production and 80% of its natural gas production coming from Pertamina, the company’s significance cannot be overstated.
Its operations encompass exploration, production, refining, and distribution of oil and gas products.
Chevron Pacific Indonesia
As a subsidiary of Chevron Corporation, Chevron Pacific Indonesia holds the distinction of being the second-largest oil and gas company in Indonesia. It contributes approximately 15% of the country’s oil production and is actively involved in several major oil and gas projects.
ExxonMobil Indonesia, a subsidiary of ExxonMobil Corporation, occupies the third position in the hierarchy of oil and gas companies in Indonesia. With around 10% of the nation’s oil production under its belt, ExxonMobil Indonesia has a significant impact on the country’s energy landscape.
ConocoPhillips Indonesia secures its place as the fourth-largest oil and gas company in Indonesia, accounting for about 5% of the nation’s oil production. The company’s operations span exploration, development, and production of oil and natural gas.
CNOOC SES Indonesia
A subsidiary of China National Offshore Oil Corporation, CNOOC SES Indonesia holds the fifth position among Indonesia’s top oil and gas companies. With approximately 4% of the country’s oil production, the company has a notable presence in the Indonesian energy sector.
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Medco Energi, an independent oil and gas company listed on the Indonesia Stock Exchange, is the sixth-largest player in the industry. Accounting for about 3% of Indonesia’s oil production, Medco Energi is engaged in exploration, production, and distribution of oil and gas.
As an integrated energy company listed on the Indonesia Stock Exchange, AKR Corporindo holds the seventh position among Indonesia’s top oil and gas companies. The company’s operations encompass trading, distribution, and storage of oil and gas products.
Petronas Carigali Indonesia
Petronas Carigali Indonesia, a subsidiary of Petronas Malaysia, is the eighth-largest oil and gas company in Indonesia. Contributing about 2% of the nation’s oil production, the company plays a vital role in Indonesia’s energy sector.
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Eni Indonesia, a subsidiary of the Italian oil and gas giant Eni, secures the ninth position in the ranking. Accounting for approximately 1% of Indonesia’s oil production, Eni Indonesia is involved in exploration and production activities.
BP Indonesia, a subsidiary of the British oil and gas company BP, holds the tenth position among the leading oil and gas companies in Indonesia. With about 1% of Indonesia’s oil production under its purview, BP Indonesia plays a significant role in the nation’s energy landscape.
The oil and gas industry in Indonesia is dominated by several prominent players that contribute significantly to the nation’s energy security and economic growth. From the state-owned giant Pertamina to international players like Chevron, ExxonMobil, and BP, each company plays a crucial role in exploring and extracting the valuable resources that power Indonesia’s development.
As the country continues to balance its energy needs with environmental considerations, the oil and gas industry’s evolution remains critical. The contributions of these companies, both in terms of revenue generation and technological advancements, are essential in shaping Indonesia’s energy future.
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For foreign entrepreneurs and investors, Indonesia presents a wealth of business opportunities. The government has implemented various measures to attract foreign investment, including simplified regulations and incentives.
To make sure the process is hassle-free and ensure compliance, it is advisable to seek professional assistance from InvestInAsia’s services for Indonesia PMA company registration and set up PT company in Indonesia.
InvestinAsia is one of a company that can help you with company registration in Indonesia. We have a team of experienced professionals who can help you through the process of Indonesia representative office registration, virtual office setup in Indonesia, and obtaining the necessary business registration number in Indonesia.
If you are interested in starting an oil and gas business in Indonesia, you can start by contacting us for FREE consultation.