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Jakarta Post

Foreign investment for oil exploration?

  • George Barber
    George Barber

    Country manager of PT Terra Explorasi and Exploitasi Teknologi Indonesia

Jakarta   /   Tue, April 3, 2018   /  12:25 pm
Foreign investment for oil exploration? Pertamina workers are transported in a personnel transfer basket from a ship to the company’s oil rig off the coast of Madura Island in East Java in this undated file photograph. (JP/Wahyoe Boediwardhana)

Indonesia will be remiss if it does not solidify its role as a regional leader in ASEAN, according to an official statement in a recent newspaper article. The same could also apply if the country does not capitalize on the abundance of natural and human resources that it has in situ. Energy and Mineral Resources Deputy Minister Arcandra Tahar made a working visit to the United States recently as part of follow-up efforts to cooperate with international companies to increase investment in the national oil and gas sector. Is this a reversal from when it appeared that the government did not want international companies to be involved in the resource industry? It was stated that innovation is not limited to technology alone, but also new policy breakthroughs like the gross-split production sharing contract (PGS). It is a kind of innovation. It was also stated that ExxonMobil and ...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.