Indonesia and Papua New Guinea are sounding out the possibility of joint investments in energy and mineral resources at the border of the two countries.
“Joint investments could bring benefits to both countries,” said Energy and Mineral Resources Minister Jero Wacik after a meeting with Papua New Guinea’s State Owned Enterprises and Investment Minister Ben Micah in Jakarta on Tuesday.
Indonesia and Papua New Guinea also aim to establish a wide variety of cross-border partnerships that will help improve security in the area.
“We discussed plans for the Papua New Guinea prime minister’s visit next month,” said Wacik, as quoted by Antara news agency.
Ben Micah said that few energy and mineral resources along the border of the two countries had been exploited.
“We will establish a joint company with state-owned oil and gas company PT Pertamina to explore resources,” he said.
Three multinational oil and gas companies – ExxonMobil, Total SA and Shell – are exploring vigorously in Papua New Guinea. (fan/ebf)