Charmed by this, the foreign oil and gas giant who pulled it back to RI

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So now it depends on the government’s efforts to create an attractive investment climate and the world’s oil and gas investors are willing to come back to invest in the country.

“One is the (Andaman) factor. Secondly, with the energy crisis that is currently being experienced, it is automatically necessary to look for new sources that can respond shortage and secure long-term supply,” said Arifin at the ESDM Ministry Building, Wednesday (20/7/2022).

Practitioners of the upstream oil and gas sector, Tumbur Parlindungan, assessed that the discovery of oil and gas reserves some time ago in the Andaman II Block had apparently stolen the attention of the world’s giant oil and gas investors. Even those upstream oil and gas investors are now waiting for the results of exploration activities in the Andaman region.

Tambur mentions the Andaman area which includes Andaman I, Andaman II, Andaman III has prospect resources or substantial gas resources. Thus, becoming one of the targets for the explorer world to participate in the upstream oil and gas sector of the Republic of Indonesia.

“All eyes are waiting for the results of the exploration of the Andaman area, if it is successful, it can be one of the world class discovery and provide new knowledge for the explorers. explorationist in searching for oil and gas in the surrounding area,” said Tumbur

Tumbur realizes that the current global conditions require new oil and gas supplies. Especially those that have been greatly reduced due to the issue of the Covid-19 pandemic and so on.

“Predominantly the discovery of this gas helps the transition process or decarbonization in the future,” he said.

Director General of Oil and Gas (Directorate General of Oil and Gas), Ministry of Energy and Mineral Resources, Tutuka Ariadji said the Andaman region could possibly be included in the area. giant discovery which has the potential to become the world’s largest discovery of oil and gas reserves. Especially if Repsol as the operator of the Andaman III Block repeats the success made by Premier Oil in Andaman II.

“The Andaman III block is by Repsol, if we meet this, it could be a big discovery in the world. If we meet there, it will spread to Thailand because the direction is there, it would be extraordinary if there was,” he said.

Tutuka said the resource potential for the Andaman II Block itself averages around 6 Trillion Cubic Feet (TCF). He is also optimistic that the resource potential of the Andaman III Block will not be far from the potential of Andaman II.

“Now discovery this is nothing big. If he later met Besar (Andaman). This will be drilled after the Timpan (Andaman II) well, one day we will see the Rencong (Andaman III) well,” he said.

[Gambas:Video CNBC]