Research and Markets: Indonesia Oil and Gas Report Q4 2009

October 28, 2009 4:30 PM EDT

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/d24b9c/indonesia_oil_and) has announced the addition of the "Indonesia Oil and Gas Report Q4 2009" report to their offering.

This Indonesia Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on India's oil and gas industry.

The latest Indonesia Oil & Gas Report from BMI forecasts that the country will account for 4.41% of Asia Pacific regional oil demand by 2013, while providing 10.97% of supply. Asia Pacific regional oil use of 21.40mn barrels per day (b/d) in 2001 reached 25.67mn b/d in 2008. It should average 24.83mn b/d in 2009, then rise to around 28.51mn b/d by 2013. Regional oil production was just under 8.41mn b/d in 2001, and averaged 8.45mn b/d in 2008. It is set to increase to 8.75mn b/d by 2013. In 2001 the region was importing an average 12.99mn b/d. This total had risen to an estimated 17.22mn b/d in 2008, and is forecast to reach 19.76mn b/d by 2013.

In terms of natural gas, in 2008 the region consumed 459bn cubic metres (bcm) and demand of 562bcm is targeted for 2013. Production of 356bcm in 2008 should reach 488bcm in 2013, but implies net imports easing from an estimated 102bcm per annum in 2008 to 74bcm in 2013. This is in spite of many Asian gas producers being major exporters. Indonesia's share of gas consumption in 2008 was 8.29%, while its share of production is put at 19.56%. By 2013 its share of gas consumption is forecast to be 7.87%, with the country accounting for 17.82% of supply.

For 2009 as a whole, the publisher is now assuming an average OPEC basket price of US$55.00 per barrel (bbl), a 41.5% decline year-on-year (y-o-y). This represents an upgrade from the US$52 forecast they have stuck with during the past three quarters. Their OPEC basket assumption delivers likely Brent, WTI, Urals and Dubai prices of US$56.30, US$57.50, US$55.60 and US$55.60/bbl respectively. For 2010, the publisher expects to see a recovery to US$60.00/bbl for the OPEC price (up from their previous forecast of US$58), gaining further ground to US$65.00 in 2011 and to US$70.00/bbl in 2012. Their post-2010 forecasts are unchanged and the publisher is continuing to use a long-term price assumption of US$70.00 for 2013-2018. In 2009, BMI is now assuming a global average gasoline price of US$62.12/bbl, with the fuel having peaked in June. The overall y-o-y fall in 2009 gasoline prices is put at 40.0%. The BMI gasoil forecast is for an average price of US$68.62/bbl, assuming a monthly high of US$92.49/bbl in December. The fullyear outturn represents a 43.4% fall from the 2008 level. The annual jet price level for 2009 is forecast to be US$65.17/bbl. This compares with US$124.95/bbl in 2008. The 2009 average naphtha price is put by BMI at US$49.06/bbl, down 43.9% from the previous year's level.

Key Topics Covered:

    --  Executive Summary
    --  SWOT Analysis
    --  Indonesia Energy Market Overview
    --  Business Environment Ranking
    --  Business Environment
    --  Company Monitor
    --  Glossary of Terms
    --  Methodology & Risks To Forecasts

Companies Mentioned:

    --  Pertamina
    --  Chevron Indonesia
    --  ExxonMobil Indonesia
    --  BP Indonesia
    --  CNOOC Indonesia
    --  ConocoPhillips Indonesia
    --  Total
    --  CNPC
    --  Medco Energi
    --  Petronas
    --  Marathon
    --  Hess
    --  VICO Indonesia
    --  Inpex
    --  Eni
    --  Santos
    --  Badak NGL
    --  Salamander Energy

For more information visit http://www.researchandmarkets.com/research/d24b9c/indonesia_oil_and

    Source: Research and Markets

Stocks Mentioned

Related Entities

• OPEC

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