NEWS

02Mar

Millennial's Big Chance in the Oil and Gas Industry

Indonesia still has a huge oil and gas potential to be explored. The dream of millennial’s to work within the industry remains bright and full of hope. Nayesha Safira Elta is one of the Indonesian millennials who work in the oil and gas industry. According to Nayesha, the assumption that the oil and gas industry is a sunset industry at the moment is not true.

"We know that there are many basins that have not been explored yet and I think there is still a big potential in the Indonesia oil and gas industry. But it also needs many high-quality human resources to support the target of the Government of Indonesia for the 1-million-barrels of oil per day to be achieved in 2030," said Yesha during the NEXTGen Forum, Jakarta, on Tuesday 25 February 2020.

24Feb

EOR - To Increase the Existing Production

Related to the Government’s target of 1-million-barrels of oil per day in 2030, SKK Migas have developed some planned actions which need to be performed by all of the respective parties within the industry. These actions are maintaining base production, ensuring the transformation from reserves to production, enhanced oil recovery (EOR), and exploration.

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.