NEWS

17Feb

Exploration is needed to support Indonesia’s future energy needs

Oil and gas are non-renewable energy resources and cannot be readily replaced by natural means at a quick enough pace to keep up with consumption. The Ministry of Energy and Natural Resources have stated that  Indonesia's oil reserves of around 3,77 billion barrels will run out in about 9 years at today's production rate, while for the gas reserves of 77 trillion cubic feet (TCF), these reserves will be exhausted in around 21 years.

10Feb

Oil and Gas Sector Still Holds an Important Role for Future Energy Supply

The Indonesian Government continues to accelerate the transition to renewable energy to secure domestic energy supply. Indonesia is set to pursue a renewable energy portion of 23% in the national energy mix in 2025. The declining oil and gas reserves in the last few years have pushed the Government to swiftly develop renewable energy resources.

03Feb

Indonesia to push oil production to 1 million BOPD

After years of declining oil production, Indonesia once again aims to reach 1 million barrels of oil per day (BOPD) of production in 2030. A new giant oil and gas discovery is needed to realize this target.

27Jan

Indonesia Aims for New Investment to Boost Up Oil and Gas Production

The Upstream Oil and Gas Special Task Force (SKK Migas) have stated that new investment is needed to increase Indonesia’s oil and gas production. Since last year, SKK Migas has rolled out a road show presenting the country’s oil and gas potential to several international oil companies. They claim that Indonesia is still one of the attractive oil and gas investment destination countries for global investors. 

20Jan

Indonesia’s struggle to boost its oil and gas lifting

It is challenging for Indonesia to meet its oil and gas lifting target, and even more challenging to boost it up. In 2019, based on data from The Upstream Oil and Gas Special Task Force (SKK Migas), Indonesia’s oil and gas lifting is below its targets which are 746,000 barrel oil per day (BOPD) and 5,934 million standard cubic feet per day of gas (MMSCFD), while the targets are 775,000 BOPD and 7,000 MMSCFD, respectively.

13Jan

Gas, Indonesia’s chance to meet its energy demand and boost up its industry

As its oil production continues to plummet, gas has become an opportunity for Indonesia to meet its energy demand. Therefore, gas is no longer being treated as a  source of revenue for Indonesia, but as a key driver of its economy and industrial growth.

20Dec

IPA Newsletter 4th Edition

IPA News Vol 4 2019

Please click here to download. 

04Dec

Indonesian Petroleum Association Held its 48th Annual General Meeting

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The Indonesian Petroleum Association (IPA) held its 48th Annual General Meeting (AGM) in Jakarta on Wednesday December 4, 2019. The AGM discussed IPA’s 2019 activities as well as 2020 strategic priorities.

01May

IPA Newsletter 3rd Edition

resized_IPA News _Vol 3  2019_final_Page_1

Click here to download.

01Feb

2016 EITI Report

As one of the requirements as the country who apply the Extractive Industries Transparency Initiative (EITI), Indonesia annually prepares a Report on Transparency in governance of extractive industries that contains the latest efforts of improvement and development the governance in Indonesia extractive industries. The purpose of the report publication is to provide a complete explanation of the implementation of extractive industry in Indonesia as well as to enhance the understanding and perception of EITI stakeholders in Indonesia.