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Jakarta Post
The Jakarta Post
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Deepwater projects still promising despite recent failures

  • Amahl S. Azwar

    The Jakarta Post

Jakarta | Wed, January 23 2013 | 12:01 pm
Deepwater projects still promising despite recent failures

PREMIUM Hope still exists for Indonesia in the establishment of deepwater hydrocarbon basins in its eastern region, despite several large oil and gas companies having given up on the task.

The government, however, needs to step up its game to lure investors and stop behaving as if those firms will continue to pour billions of dollars into exploration despite the nation’s troubled investment clim...