• Short Summary

    Indonesia is emerging as a major potential oil supplier.

  • Description

    1.
    GV AND CU: Oil installation sign at Pertamina, Java; installation scenes and waste gases burning (3 shots)
    0.13

    2.
    GV AND SV PAN: Drilling rig at camp site with oil drums in foreground. (3 shots)
    0.30

    3.
    CU: Sign "Asia Drilling Co Ltd"
    0.34

    4.
    SV AND CU: Roughnecks operating drill (4 shots)
    0.58

    5.
    CU AND TV: Technicians stop drill and spray water down shaft (2 shots)
    1.07

    6.
    TV AND SV: Sections of pipe being laid out on ground (2 shots)
    1.14

    7.
    CU: Drill bits
    1.18

    8.
    SV AND GV: Rig and campsite (2 shots)
    1.42




    Initials RH/





    Script is copyright Reuters Limited. All rights reserved

    Background: Indonesia is emerging as a major potential oil supplier. The government has good relations with western countries and is a moderate voice in the Organisation of Petroleum Exporting Countries (OECD). These attitudes have provided attractive investment conditions for western oil companies Indonesia is the world's tenth biggest oil producer but exploration is booming. Events in iran and other oil producing countries have highlighted Indonesia as safe and reliable supplier.

    SYNOPSIS: Exploration has been boosted recently (late 1979) by major deals singed with leading international oil companies, and here in West Java the search goes on. Oil already flows here, but further exploration is expected to provide substantially higher output. Exploration deals with Mobiloil, Shell, Comoco, Total and Chevron commit the companies to spending more than 300 million dollars (150 million pound) in ten years.

    The companies doing the work are under contract to the state oil and gas enterprise Pertamina. Indonesia is still in the relatively early stages of exploration and the potential of the country is exciting oil men, with whole areas of the archipelago so far untouched. They estimate that only one third of the country's 38 oil bearing formations have been tested.

    Recent events have meant oil company interest in Indonesia has boomed. After a period of severe difficulties, Pertamina's cash problems were relieved by new terms for oil companies operating in Indonesia. But the terms were stringent and the oil companies withdrew until new incentives lured them back in large numbers. Another contribution to the boom came when Indonesia declared a 200 mile (230 kilometre) economic zone around its coasts, and claimed exclusive rights for the exploration, exploitation, management and conservation of all natural resources in the zone. And the sea beds around Indonesia are known to be rich in oil deposits.

  • Tags

  • Data

    Film ID:
    VLVADI0WVHP2CJ9KZH74W6ZQX24M2
    Media URN:
    VLVADI0WVHP2CJ9KZH74W6ZQX24M2
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    26/04/1980
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:43:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment