Jakarta – The Warim region in Papua has great oil and gas potential. However, to lift the oil and gas ‘treasure’ in the region is quite a big challenge. Deputy for Exploration Development and Management of the SKK Migas Work Area, Benny Lubiantara said, the discovery of oil and gas in Warim itself took a … Read more
Oil prices have been relatively steady in recent weeks as investors continue to weigh tighter supply conditions against concerns about global economic growth. OPEC+ has been successful in reducing production levels to support prices, but rising COVID-19 cases and renewed lockdown measures in some countries have cast doubt on the pace of demand recovery. At … Read more
Jakarta – The Merakes Field development project in the East Sepinggan Working Area was inaugurated by the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif. The Merakes development project is the development of a deep sea gas field off the coast of the Kutei Basin with a water depth of approximately 1,500 meters. The … Read more
Jakarta, CNBC Indonesia – The Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has given his approval for the revised plan of development (POD) I of the Merakes and Merakes East fields which are operated by the Cooperation Contract Contractor (KKKS) from Italy, Eni East Sepinggan Ltd. The approval was given through a letter … Read more
Jakarta – The Ministry of Energy and Mineral Resources has named a consortium consisting of PT Niaga Gemilang and PT Rukun Raharja Tbk the winner of the oil and gas (WK) work area tender (oil and gas) Central Java. Rukun Raharja itself is a company whose shares are partly owned by the husband of DPR … Read more
Jakarta – The Ministry of Energy and Mineral Resources (ESDM) has announced the winners for the central working area of Jabung (WK) and Paus WK. The Jabung Tengah WK auction was won by a consortium formed by PT Cipta Niaga Gemilang and PT Rukun Raharja Tbk, while the Paus CA auction was won by Blue … Read more
Jakarta, CNBC Indonesia – The government assures that petrol-grade fuel oil (BBM) with an octane number (RON) of 88 or the equivalent Premium will disappear from the market. This policy will go into effect in the next few days, January 1, 2023 to be exact. Energy and Mineral Resources Ministry (ESDM) Director General of Oil … Read more
Jakarta – Legal certainty is important for investments in the oil and gas (oil and gas) sector. However, legal certainty still raises problems. One of them is related to SKK Migas. The existence of SKK Migas is questioned by investors. The director general of oil and gas at the Ministry of Energy and Mineral Resources, … Read more
TIME.CO, Jakarta – Deputy Finance Minister (Wamenkeu) Suahasil Nazara explained the transfer of funds to the Meranti Islands regency area. This is about the charges Regent of Meranti Muhammad Adil on lack profit sharing funds (DBH) for oil and gas producing regions (oil and gas). Previously, Adil assessed that there was no detailed explanation regarding … Read more
Jakarta, CNBC Indonesia – A number of global oil and gas companies, starting with Chevron, Shell and ConocoPhillips, have declared their exit from upstream oil and gas projects in Indonesia. Chevron Indonesia Company (CICO), for example, decided to leave the Indonesia Deep Water Development (IDD) gas project in East Kalimantan, then Shell decided to leave … Read more