Oil and Gas Equipment Indonesia (2009)
Indonesia is a valuable market for U.S. suppliers of oil and gas equipment, technology, and services. In 2008, the Government of Indonesia (GOI) signed contracts with 41 production sharing contractors (PSC). Annual investment in this industry reached $12.96 billion. It is expected that in 2009, investment will reach $17.706 billion. PSCs will invest $14.880 billion in production, and $2.826 billion in exploration. Indonesia imported $699 million worth of oil and gas equipment in 2007. In 2009, it is estimated that the total import value of oil and gas equipment will reach $769 million. Imports of US products represented 27 percent of the total import value. Industry sources estimate that the market will increase by 10 percent in 2009, driven by expanding exploration and enhancement of existing oil fields.
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