The Jakarta Post
Indonesia will follow the step of other countries like Mexico, Norway and Australia that make their oil and gas field data are accessible online by registered viewers, said Energy and Mineral Resources Ministry’s oil and gas director general IGN Wiratmaja Puja.
The open data system would be implemented through a ministerial decree that is expected to be issued this year.
"Right now, if a company is interested in one of Indonesia's fields it must come here to sign up and buy the data. With the new decree, the government selects which data will be open and which will remain classified," Wiratmaja told reporters on Wednesday evening.
"Even if a company is based in Chile, for example, they just need to register online, get verified and then they can obtain data by downloading it. There will no longer be a fee and if they come to Indonesia after looking over the data, it means that they are really serious about investing here."
The interest in the country’s oil and gas fields has decreased over the years, partly because of low global prices and costly exploration amid a low success rate of 31 percent.
Upstream oil and gas investment has continued to decrease, last year dropping by 24.5 percent to US$12.01 billion from $15.9 billion in 2015, according to data from the Upstream Oil and Gas Special Regulatory Task Force (SKKMigas).
Last year’s auction was no different with only one winner determined for 17 conventional and unconventional blocks offered. (bbn)