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Jakarta Post

Where to find new giant oil and gas fields

  • George Barber
    George Barber

    Country manager of PT Terra Explorasi and Exploitasi Teknologi Indonesia

Jakarta   /   Thu, August 30, 2018   /  09:37 am
Where to find new giant oil and gas fields A field worker with oil and gas producer PT Saka Energi Indonesia (SEI) measures the levels of hydrogen sulfide and carbon dioxide at the onshore processing facilities at its wholly owned offshore Pangkah Block in Gresik, East Java, on Sept. 29, 2016. (JP/Wahyoe Boediwardhana)

The title of this opinion piece is the title of a recent workshop organized by the Upstream Oil and Gas Regulatory Special Task Force (SKK Migas), apparently arranged due to concerns that Indonesia has with the ever growing gap between the demand for oil and what is being produced in the country; as well as the ever increasing concern about the spending on infrastructure projects and development in the natural resource industry not being as expected.

Other concerns include the ever growing reliance on state oil and gas company Pertamina to take over expiring blocks from international companies, to develop existing and hopefully new blocks, or a recent headline: “Pertamina sells off shares to stay afloat”, or Pertamina’s concern to meet the government’s policy of ensuring availability of subsidized low-octane Premium grade fuel at one price throughou...

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