SKK Migas Sets 2023 Investment Target at US$15.5bn
The Upstream Oil and Gas Activities Special Task Force (SKK Migas) is targeting to achieve US$15.5 billion in actualized investments by 2023's end.
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The Upstream Oil and Gas Activities Special Task Force (SKK Migas) is targeting to achieve US$15.5 billion in actualized investments by 2023's end.
Upstream Oil and Gas Regulatory Task Force (SKK Migas) unveiled that they discovered a new reserve of 15.02 million cubic feet of gas on Seram Island.
SKK Migas says that last year's state revenues from the upstream oil and gas sector reached US$18.19 billion or around Rp269 trillion.
SKK Migas is aiming to drill 57 exploratory wells in 2023, which is a 90 percent increase compared to what it achieved in 2022.
SKK Migas is reportedly planning to expand its fiscal stimulus aimed to attract investments in the upstream oil and gas sector.
SKK Migas representative said he is concerned that the forecast of a recession will erode companies' investment interest in the oil and gas sector.
Minister Airlangga called for the SKK Migas to respond to the declining national oil and gas production.
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has announced the discovery of hydrocarbons in the form of gas in West Papua.
SKK Migas announced the finding of a new oil and gas reserve off the shore of Natuna by Kuwait firm KUFPEC.
The Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas) is preparing 58 cargoes of LNG to secure supply for the electricity sector.
SKK Migas is committed to closely monitor the drilling of 900 development wells in 2022.
SKK Migas inaugurated the West Betara (WB) non associated gas (NAG) compression and condensate pumping system project.
SKK Migas gave a green light for the Madura Strait Block development plan in East Java operated by Husky CNOOC Madura Limited (HCML).
SKK Migas said the 2021 drilling activities will be pushed to increase two folds from this year's 268 oil well drilling realization estimation.
The Natuna Sea in the vicinity of the Riau Archipelago contains the largest gas field reserves according to the SKK Migas.
SKK Migas is eyeing to increase national oil production up to one million barrels daily by the year 2031.
SKK Migas reported 63 cases from 2012 to 202 of oil theft at Rokan Block managed by Chevron Pacific Indonesia (CPI)
SKK Migas deputy operation, Fatar Yani Abdurrahman, said that Pertamina could start the oil exploration in Rokan Block in early 2020.
Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) has disclosed the finding of a new potential gas reservoir in S. Sumatra.
The fuel scarcity which happened in several regions is because
the fuel stock in those regions are not normal yet.