Magenta-colored bars creep up on a monitor screen at the control room of Senipah-Peciko-South Mahakam oil terminal in Indonesia’s East Kalimantan province, indicating three storage tanks are being filled. “It takes more than 60 days now to fill a 500,000 barrel tank with crude from Bekapai field,” said Kristanto Hartadi, a spokesman at Total E&P Indonesie, a unit of the French oil major Total SA (FP) that operates the facility. “That compares with about 10 days when it was at full production.” Bekapai, which pumped more than 50,000 barrels a day in 1978, now flows at just 7,000 barrels, a symbol of the decline in Indonesia’s oil and gas production. Aging fields, rising exploration costs and increased fuel demand will force Southeast Asia’s most populous nation to import 90 percent of the oil it needs by 2030, according to the Agency for the Assessment and Application of Technology. Domestic […]