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Opinion 1 year ago
PREMIUM
Analysis: Inaugural production, returning investors bolster Prabowo’s energy agenda
President Prabowo Subianto has officially launched the initial production of the Forel and Terubuk oil and gas fields located in the South Natuna Sea Block B, Riau Islands Province. The block is operated by Medco E&P Natuna Ltd., a subsidiary of PT Medco Energi Internasional. This milestone aligns with the government’s drive toward energy self-sufficiency and is further bolstered by signs of renewed interest from global energy giants Chevron Corporation and TotalEnergies, both of whom had previously exited Indonesia due to shifting oil and gas regulations.
Academia 1 year ago
PREMIUM
Pertamina’s governance crisis and the lingering ghost of corruption
The continued involvement of brokers and middlemen in fuel procurement, coupled with the lack of transparency in tender processes, underscores the ongoing vulnerabilities in Pertamina’s governance structure.
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