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Indonesian Petroleum Association appoints new board of directors
The IPA was founded in 1972 to facilitate foreign interest in Indonesia’s oil and gas industry that, at the time of founding, was producing 1.3 million barrels of oil per day (bpd).
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Former Energy and Mineral Resources Minister Ignasius Jonan (center) gestures while Indonesian Petroleum Association (IPA) vice president, now president, Louise M McKenzie (second left) looks on during the opening of IPA Convention and Exhibition in Jakarta in September.
(Antara/Nova Wahyudi)
T
he Indonesian Petroleum Association (IPA) appointed on Wednesday former IPA vice president and ExxonMobil Cepu president Louise McKenzie the association’s president for next year.
McKenzie will replace Tumbur Parlindungan, who left the IPA position mid-year, when his company, Jakarta-based Saka Energi Indonesia, removed him as president director for undisclosed reasons in May.
“What we have seen here is […] oil production over the last 15 years has pretty much halved,” McKenzie told reporters in Jakarta.
“And as the IPA, we see our role of being a partner with the Indonesian government, to help to find a way to make Indonesian investment competitive globally and to attract the investment it needs,” she said.
The IPA was founded in 1972 to facilitate foreign interest in Indonesia’s oil and gas industry that, at the time of founding, was producing 1.3 million barrels of oil per day (bpd). In comparison, oil production was 750,500 bpd in September this year.
Newly appointed IPA vice president Ronald Gunawan, who is president director of Jakarta-based Medco E&P, added that IPA members would commit to the government’s four-prong strategy to increase domestic oil production.
