The 42nd Indonesian Petroleum Association Convention and Exhibition (IPA Convex) ended today with both regulator and industry executives in agreement that forging a closer partnership is essential to build a better future for the upstream oil and gas industry. “Let’s work together and (be) more efficient,” Amien Sunaryadi, Chairman of the Special Taskforce for Upstream Oil and Gas Business Activities (SKK Migas), said in his closing speech.
A panel of experts speaking at the 2nd plenary session of the 42nd Indonesian Petroleum Association Convention and Exhibition (IPA Convex) today shared a similar view that sensitivity and flexibility from the regulator are key in forging a productive partnership with PSC Contractors, thus improving the nation’s global competitiveness.
The government will continue to streamline rules and regulations related to the upstream oil and gas industry in a bid to attract investors, President Joko Widodo said during his opening speech at the 42nd Indonesian Petroleum Association Exhibition and Convention today. “Our regulatory (environment) is still less conducive to attract investment. It is confusing and complicated,” admitted the President.
The government and industry players must collaborate continuously in order to forge a better future for the upstream oil and gas industry and improve Indonesia’s competitiveness on the global stage, according to a panel of experts at the first plenary session of the 42nd Indonesian Petroleum Convention and Exhibition today.
[JAKARTA] It has become our tradition that each year the Indonesian Petroleum Association (IPA) invites the Chairman of SKK Migas to make a presentation on last year’s achievement and the outlook of the upcoming year for the Upstream Oil and Gas Industry.
The IPA is honored to have Chairman of SKK Migas, Mr. Amien Sunaryadi, as the speaker at the 2018 IPA Luncheon Talk with subject “2017 Achievement of the Oil and Gas activities and Outlook for 2018”. (Click here for details)
[BANDUNG] The Faculty for the Future program, a flagship program from Schlumberger Foundation, awards fellowships to women from developing and emerging economies to pursue PhD or Post-doctorate studies in science, technology, engineering and mathematics (STEM) disciplines at leading universities worldwide. The fellowships represent the Schlumberger Foundation’s long-term investment in a community of highly qualified role models who help narrow the gender gap in STEM disciplines by inspiring more women to study science.
After a series of discussions involving the IPA and relevant stakeholders, the Government of Indonesia issued the MR 52/2017 as the improvement on the MR 8/2017. Two significant things changed as is found in MR 52/2017, namely: changes of progressive and variables split, and the opening of incentive limits which the Minister can provide to maintain the economic level of a working area.
Another achievement that is considered significant by the IPA in 2017 is the issuance of GR No. 27 Year 2017 which is a change from the GR 79/2010. Compared to the GR 79/2010, this new regulation does provide some improvements especially for contracts after 2010. But such improvements are not as attractive as the Assume and Discharge principle as for contracts pre-2010.
In addition to being involved in the drafting of regulations, the IPA has also recorded success at the 41st IPA Convention and Exhibition held on 17-19 May 2017, at the Jakarta Convention Center. As part of the event, the IPA also published a series of infographics describing the current condition of the upstream oil and gas industry in Indonesia.
Finally, the 46th Annual General Meeting also introduced the IPA Supervisory Board and the Board of Directors for 2018. The structure of the IPA Supervisory Board and the Board of Directors is shown below:
Evita Herawati Legowo
President - Ronald Gunawan, MEDCO ENERGI INTERNATIONAL, TBK, PT
Vice President - Dan L. Wieczynzki, EXXONMOBIL CEPU LTD.
Vice President - Bijan Agarwal, CONOCOPHILLIPS (GRISSIK) LTD.
Secretary - Christina Verchere, BP INDONESIA
Treasurer - Tumbur Parlindungan, SAKA INDONESIA PANGKAH LIMITED
Director - I.Tenny Wibowo, SANTOS (SAMPANG) PTY. LTD.
Director - Nico Muhyiddin, INPEX CORPORATION
Director - Fabrizio Trilli, ENI INDONESIA
Director - Arividya Noviyanto, TOTAL E&P INDONESIE
Director - Gunung Sardjono Hadi, PERTAMINA (PERSERO) PT – PHE
Director - Charles A. Taylor, CHEVRON INDONESIA
Director - Kevin S. Moore, HUSKY ANUGERAH LTD.
Director - Moh. Zaini MD Noor, PETRONAS CARIGALI INDONESIA OPERATION
Please save the date for the above agenda and we look forward to seeing all the IPA Company and Associate Members at the meeting. (*)