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Indonesia used to be a net oil exporter. Oil is a major sector in the Indonesian economy. During the 1980s, Indonesia was a significant oil-exporting country. Since 2000, domestic consumption has continued to rise while production has been falling, so in recent years Indonesia has begun importing increasing amounts of oil.
Basic sediment and water (BS&W) is both a technical specification of certain impurities in crude oil and the method for measuring it. When extracted from an oil reservoir, the crude oil will contain some amount of water and suspended solids from the reservoir formation. The particulate matter is known as sediment or mud.
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
Indonesia's PT Pertamina will get an extra 225,000 barrels per day (bpd) of crude oil under a government plan requiring all contractors in the country to sell their output to the state energy firm ...
The presence of these chemicals in crude oil is a result of the inclusion of biological material in the oil; these chemicals are released by kerogen during the production of hydrocarbon oils, as these are chemicals highly resistant to degradation and plausible chemical paths have been studied. Abiotic defenders state that biomarkers get into ...
High-quality, low-sulfur crude oil is commonly used for processing into gasoline and is in high demand, particularly in industrialized nations. Light sweet crude oil is the most sought-after version of crude oil as it contains a disproportionately large fraction that is directly processed ( fractionation ) into gasoline ( naphtha ), kerosene ...
Indonesian Crude Price, or ICP, is a price index for crude oil from Indonesia. The ICP is determined by Dirjen Migas, based on moving average spot price of a basket of eight internationally traded Indonesia crudes: Minas; Cinta; Duri; Arjuna; Attaka; Widuri; Belida; Senipah; In some cases ICP is used as index in long term LNG contracts in East ...
The most common one is a type of paraffinic crude oil, although there are also naphthenic crude oils that create products with better solubility and very good properties at low temperatures. By using hydrogenation technology, in which sulfur and aromatics are removed using hydrogen under high pressure, extremely pure base oils can be obtained ...