The
search for oil and the legislative basis for oil operations during the
Dutch - Indies period
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The first search for oil which was unsuccessful. |
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In
1871, Jan Reerink, a store keeper
started to drill for oil in Cibodas, funded by the Nederlandsche
Handels Maatschappij, but was unsuccessful due to unsuitable equipment
and technique.
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Telaga Said was
the first commercially producing well.
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In 1885, oil was commercially produced for the first time at the Telaga Tunggal-1 well, North Sumatera. The concession area was later officially named as Telaga Said. |
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IMW
as the legislative basis for oil operations in the Dutch-Indies.
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The Indische
Mijn Wet (IMW) and its amendments contained protection for the mining
activities of Dutch or Dutch Indies citizenz or companies.
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