Cellular and oil reserved market going up

Cellular market

market-shareThe cellular market in Indonesia has seen spectacular growth over the past three years. The market heating up and is potentially lucrative as the demand for mobile phones continues to grow. However, the market penetration rate still remains the lowest in the Asia Pacific region at around %. In 1997, only about 1 million Indonesians were cellular subscribers; by 2001 the number had own to 5.7 million. By the end of 2002 there were 11.3 million subscribers, surpassing the fixed one line market which stood at 7.6 million at the end of 2002. The market grew 59 percent in 2003 18 million subscribers. In 2002 the total revenue for cellular market was $1.17 trillion, and is estimated to reach $2.2 trillion in 2003. But there is still plenty of headroom. In 2004, the number is likely to reach 23 million subscribers. By 2007, the Indonesia’s cellular-phone market is expected to have 42 million subscribers, about 18 percent of the population.

Oil reserve market

Indonesia have potential hydrocarbon sedimentary basins spread from Sabang to Papua, while the activity of oil and gas industry covers the activity of exploration and production of oil and gas has been conducted only on 38 basins, while the other 22 basins has not been touch by the industrial activity, which geographically located off shore in the Eastern part of Indonesia areas, consisted of Sulawesi, Nusa Tenggara, Halmahera, Maluku, and Papua. Referring to the data of the Ministry of Energy and Mineral Resource the success ratio of exploration in Indonesia, including delineation drilling average of 38% or higher than the other South East Asia region (30%). While the success ratio of wild cat well drilling is averagely 10% higher. Finding cost of basin in the offshore region is also relatively lower than the other countries in South East Asia. Oil reserve in Indonesia is about 7.9 MMSTB (2009), while gas reserve is about 159 TSCF (2009), currently, most of the oil production was derived from the old well with average natural decline rate of 12%, while gas production from the 10 oil and gas Cooperation Contractor during one last decade, was increased up to two times.

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