The study draws on published information, field observations and petroleum exploration well data from throughout the region to correlate the very diverse litho-facies, from coaly deltas to bathyal clays, limestones to volcaniclastics. It tries to explain why the stratigraphy of onshore Java contrasts so strongly with well explored basins in the Java Sea. More
The third and final day concluded the discussions that happened over the three-day event. There was a great reminder of the changing dynamics both globally and in Indonesia, including the recognition that Indonesia's oil production is in decline and that real actions must be done to tackle this issue should Indonesia want to realize its oil and gas potential.
Clarity, consistency and certainty in government regulations are the keys to encourage the oil and gas industry to increase its investment in Indonesia, especially in exploration. The government has taken steps towards improving this, but further actions need to be taken to establish a conducive business climate for growth.
Second day of the 37th IPA Convention and Exhibition further emphasized the importance of enabling business climate as a prerequisite to developing the industry.
Indonesian Petroleum Association (IPA) will hold its 37th convention and exhibition to increase oil and gas investments, to meet the oil and gas demand in the country.
Upstream oil and gas regulator BPMIGAS says many oil and gas contractors are holding their investments following state-run oil company Pertamina's aggression in acquiring blocks nearing the expiration of their contracts.
WINNERS OF THE BEST BOOTH CONTEST
Jakarta, INDONESIA - May 25th 2012: At the closing ceremony today of the 36th Annual Convention & Exhibition of the Indonesian Petroleum Association (IPA), the oil and gas industry expressed its appreciation for statements by the Minister for Energy and Mineral Resources that the Government of Indonesia and the petroleum should respect each other´s interests.