The Energy and Mineral Resources Ministry has issued Ministerial Decree No. 47/2017 on the mechanisms of investment return in upstream oil and gas business to amend the previous Decree No. 26/2017 on the same matter. The decree, signed by Energy … Continue reading →
The government will auction off six geothermal projects worth $1.02 billion in September to expand Indonesia’s renewable energy capacity as part of its plan to become the world’s largest geothermal producer. Local companies and foreign investors from the United States, … Continue reading →
The government will pitch East Natuna block to investors following the withdrawal of contractor Exxon from a consortium comprising state-owned Pertamina and Thailand-based PTT EP. “We will offer it to anyone interested. Whoever shows interest in East Natuna [will be] more than … Continue reading →
The Special Unit for Upstream Oil and Natural Gas Business Activities (SKK Migas) chief Amien Sunaryadi said that his office will be working on 14 oil and gas projects to step up national production. The projects include HCML Madura BD, … Continue reading →
The Energy and Mineral Resources Ministry held for the first time a breakfast meeting on Friday with 52 oil and gas firms in order to lure them to join the auction for 15 working areas amid sluggish investment in the … Continue reading →