Bataafse Petroleum Maatschappij
Parent Royal Dutch/Shell | | |
Bataafse Petroleum Maatschappij or Bataafsche Petroleum Maatschappij (colloquially known as BPM), Dutch for Batavian Oil Company, was the
History
The BPM was established in 1907.
The
After the Japanese occupation of Indonesia, Shell's original well at Pangkalan Brandan was taken over by the Indonesian army. In 1957, Pangkalan Brandan became the main asset of the newly formed Indonesian oil company, Permina, the predecessor of Pertamina. In the 1950s, US oil giants Caltex (now Chevron) and Stanvac (now ExxonMobil) invested heavily in Indonesia, dropping the share of BPM to only 34% in 1957, compared to 46% for Caltex and 20% for Stanvac. Eventually, Shell pulled out of Indonesia in 1965 and would only re-enter (in distribution only) in the early 2000s.[5]
See also
- Pertamina
- Royal Dutch Shell
References
- ^ a b Braake 1944, pp. 68–9, 74.
- ^ a b Coumbe 1923, pp. 71–86.
- ^ Merrillees 2015, p. 60.
- ISBN 9780810862883
- ^ Merrillees 2015, p. 61.
Cited works
- Braake, Alex L. (1944), Mining in the Netherlands East Indies, Ayer Publishing, pp. 68–9, 74, ISBN 9780405097775
- Coumbe, Albert T. (1923), "Petroleum Production and Trade of the Dutch East Indies", European foreign investments as seen by the U.S. Department of Commerce, United States. Bureau of Foreign and Domestic Commerce, ISBN 9780405097911
- Merrillees, Scott (2015). Jakarta: Portraits of a Capital 1950-1980. Jakarta: Equinox Publishing. ISBN 9786028397308.
External links
- Documents and clippings about Bataafse Petroleum Maatschappij in the 20th Century Press Archives of the ZBW
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