Rigzone Ranks the Top 10 Oil & Gas Cities in the World
Jakarta has been the capital of Indonesia since the country gained independence in 1950.
The Big Durian, as Indonesians call Jakarta (inspired by the South East Asian fruit), is a well-earned nickname for the city. Although half the size of New York and with more than 10 million people, it is still the most populous city in Southeast Asia and the 13th most populated city in the world.
Energy Impact
Indonesia is located where the Australian, Pacific and Southeast Asian tectonic plates meet. Most major petroleum discoveries in Indonesia have been associated with Tertiary-era sediments or, locally, with either basement or Tertiary volcanic phenomena.
A one-time OPEC member, Indonesia – the world's fourth most-populous country with almost 240 million people – remains heavily dependent on petroleum. Its economy saw primary energy consumption increase by more than 50 percent during the last decade.
The country has 60 sedimentary basins. Thirty-six of these in the mature west have been well explored, with 14 currently producing oil and gas. In the under-explored east, 39 Tertiary and Pre-Tertiary basins show strong potential for hydrocarbons.
Jakarta is a well-placed base for the Indonesian oil industry and its workers since it is located on the northwest of Java – an island that is proximate to the key oil and gas producing regions of Sumatra, the Java Sea and East Kalimantan. Approximately three-quarters of the country's exploration and production activity are in western Indonesia.
As well as the state-owned energy company PT Pertamina, a number of international oil and gas companies operate in the country. Majors with upstream activities in Indonesia include BP plc, Chevron Corp., ConocoPhillips, Exxon Mobil Corp. and Total S.A., while China National Offshore Oil Corp. and South Korea's Korea National Oil Corp. are two national oil companies involved in the country's upstream sector.
Indonesia is the eighth-largest gas producer in the world, with proven reserves of 108 trillion cubic feet in 2010. These gas reserves are approximately three times the size of the country's oil reserves, according to PwC.
In January, Indonesia said that 74 contractors are expected to invest around $23.5 billion in production and exploration in the country during 2013. Approximately $14.7 billion will be earmarked for production activities, such as Total's South Mahakam block in East Kalminatan and ConocoPhillips' Sumpal field in South Sumatra, while $5 billion will be used in development projects. Nearly $2.3 billion is forecast to be spent on exploration.
More recently, in March, Indonesia awarded 14 new oil and gas exploration blocks to several companies, including Japan's Inpex Corp. and UK independent Premier Oil.
City Highlights
Jakarta has something for everyone. A wide selection of more than 200 bars and clubs are distributed across the city, while there are more than 800 restaurants that are regularly used by visitors to the capital.
Foreigners know Indonesian cuisine for its spiciness and a few of the country's national dishes such as satay are world famous. However, visitors to Jakarta will be able to sample a wide range of Indonesian food. The country is made up of approximately 6,000 populated islands meaning many regional dishes exist.
The city also hosts several prestigious arts and culture festivals, including Jakarta Fashion Week and the Jakarta International Java Jazz Festival. The Jakarta Fair, a trade fair held annually from mid-June to mid-July, features a variety of entertainment including performances from local musicians.
Most of Jakarta's landmarks and monuments were built in the 1960s, but for those with an interest in the more-distant past there is the Batavia Stadhuis in the city's Old Town district. This was built by the Dutch in 1710 and it has served as the home of the Jakarta History Museum since 1974.
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