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Interviewer: "What accounts for your success, Mr. Getty?"

J. Paul Getty: "Some people find oil, some don't."

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Entries Tagged as 'Indonesia'

Indonesian Oil Production in Rapid Decline

August 4th, 2008 · 1 Comment

We can add Indonesia to the list of major oil fields in rapid decline.  The list is headed by Mexico’s giant Cantarell field and by the North Sea.  Apparently political mismanagement is a factor in Indonesia’s inability to attract foreign capital and expertise to try to find new reserves.
Indonesia warns oil output to finish in 10 years’ time
JAKARTA: Indonesia’s oil watchdog, BPMIGAS, warned on Friday that the country’s dwindling oil reserves could be exhausted in 10 years’ time if no new reserves are found.
Indonesia has struggled to develop its rich …

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Tags: Indonesia · oil supply · production