Jakarta, 2 December 2015 – The Indonesian Petroleum Association (IPA) announced the new President and Board of Directors for 2016 during its Annual General Meeting (AGM) held today at Hotel Dharmawangsa, Jakarta.
- Craig Stewart Continues as IPA President for 2016
- New Board of Directors effective 02 December 2015
- IPA continues to be partner of choice for the government
The new 2016 Board of Directors are:
|President||Craig Stewart||Ophir Energy|
|Director||Christina Verchere||BP Indonesia|
|Director||Erec S. Isaacson||CONOCOPHILLIPS Indonesia Inc. Ltd.|
|Director||Lukman Mahfoedz||MEDCO Energi Internasional Tbk, PT|
|Director||Charles A. Taylor||CHEVRON Indonesia Company|
|Director||Gunung Sardjono Hadi||PERTAMINA (Persero), PT|
|Director||Tenny Wibowo||SANTOS (Sampang) Pty. Ltd.|
|Director||Sammy Hamzah||EPHINDO Energy Private Ltd.|
|Director||Jon M. Gibbs||EXXONMOBIL Indonesia Inc.|
|Director||Hardy Pramono||TOTAL E & P Indonesie|
|Director||Luca de Caro||ENI Indonesia|
|Director||Shunichiro Sugaya||INPEX Corporation|
|Director||Hazli Sham B. Kassim||PETRONAS Carigali Muriah Ltd|
The 2016 IPA Board of Directors will take office on 02 December 2015, after conclusion of the 2015 AGM.” said Marjolijn Wajong, IPA Executive Director. “The new Board is committed to continuing to be the partner of choice for the government in their efforts to reform the industry.”
During the AGM, it was highlighted that the past year has been traumatic for the global oil and gas industry due to the collapse in oil and gas prices and has forced oil and gas companies worldwide to restructure their operations, organizations and investment plans to create sustainable businesses in this new low oil price environment. Even prior to this situation, the Indonesian oil and gas industry was in urgent need of reform to meet the growing energy needs of the nation. A decade of poor exploration results, increasing bureaucracy, regulatory uncertainty, difficulties in gas commercialization, long project timelines, criminalization, land acquisition and local government and community issues all contributed to a decline in the attractiveness of the industry and falling oil and gas reserves and production.
“The new government was elected on a reform platform and has recognized the need to reform the oil and gas industry to meet its goal of making energy Indonesia’s engine of growth” said Craig Stewart, IPA President. “The government has made significant effort to address some of these issues over the past year and the IPA has endeavored to work closely with the government to ensure these reforms are effective. The IPA urges the government to continue these efforts and remains committed to working with the government in designing and implementing these reforms.”
The IPA Annual Report is issued following the Annual General Meeting, which is published online at the IPA website (www.ipa.or.id) for public access.