Indonesia has been active in the oil and gas sector for nearly 130 years after its first oil discovery in North Sumatra in 1885. Indonesia continues to be a significant player in the international oil and gas industry. Indonesia holds proven oil reserves of 3.7 billion barrels and ranked in the top 20 of the world’s oil producers. In addition, Indonesia is ranked 10th in terms of global gas production, with proven reserves of 102 Trillion Cubic Feet (TCF) in 2016. On a reserve basis, Indonesia ranks 15th in the world and the third in the Asia-Pacific region (following Australia and China).
Terra Evolusi Indonesia (TEI) is solely owned by RSI Ventures (PT, Rasuna Said Indonesia) with business activities in the Oil & Gas Sector in Indonesia. TEI acts as a domestic agent in Indonesia for various Multi National Companies an actively supports equipment and services to Engineering Procurement Construction (EPC) Contractors in Indonesia.