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Indonesia weighs up energy conundrum

The country is struggling to attract investment despite being Southeast Asia's largest oil producer

Indonesia is Southeast Asia’s largest oil producer and has plans to increase production to more than 1 million barrels a day (b/d). It is also the world’s third-largest producer of liquefied natural gas (LNG). But the net-oil importer has struggled to reverse declining oil production as it fails to attract much needed investment. The former Opec member’s oil output has declined over the last decade as production matured and the reserve replacement rate slowed. Total crude production stood at 942,000 b/d in 2011, a drop of 32% since 2001 and just shy of the targeted 945,000 b/d, according to the BP Statistical Review of World Energy. This year’s production target is 930,000 b/d. This is expec

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