September 23, 2020, 10.02 PM

JAKARTA, KOMPAS.comIndonesia’s upstream oil and gas regulator (SKK Migas) and oil and gas contractors (KKKS) have agreed to carry out various measures in achieving the country’s oil and gas lifting target next year.

Previously, the government set this year’s oil and gas lifting target of 705,000 barrels per day (bpd) and 5.638 million cubic feet per day (mmcfd), respectively.

SKK Migas head Dwi Soetjipto said his office and top leaders in the KKKS have identified and tackled various challenges in the oil and gas production.

Also read: Indonesia’s Pertamina Ready to Scrap Low Octane Fuels Production

“In the discussions, the KKKS, among others, called for support in the area of licensing process, as well as for accelerated commercialization so that field development can be carried out immediately, and the transformation will be done quickly,” Dwi Soetjipto said in a statement September 23.

The former president director of state-owned oil and gas firm PT Pertamina (Persero) went on to say that KKKS suggested additional steps were needed to achieve the lifting target next year, which would still be overshadowed by global and domestic uncertainties.

“SKK Migas has invited KKKS to immediately submit its additional plans, and we will process it faster. We hope that all activities can be implemented at the start of 2021 so that the target can be achieved,” he said.

Also read: Indonesian Government Urged to Intensify Mass Testing for Covid-19

Meanwhile, Ministry of Energy and Mineral Resources' (ESDM) secretary-general Ego Syahrial called on SKK Migas and KKKS to work harder considering the current conditions have yet returned to normal due to the Covid-19 pandemic.

“SKK Migas and KKKS need to have the same view and make a greater effort in carrying out the ideal oil and gas operational activities,” Ego said.

The Government, he added, will maintain a conducive investment climate. This can be seen from the policy of providing incentives in upstream oil and gas business activities which will continue to be implemented.

“With the given incentives we hope that KKKS can focus on the operational activities to fill gaps, to achieve the target set by the government,” he said.

(Writer: Rully R. Ramli | Editor: Erlangga Djumena)

Source: https://money.kompas.com/read/2020/09/23/170200726/bos-bos-kontraktor-hulu-migas-siap-capai-target-produksi-tahun-depan.

Dapatkan update berita pilihan dan breaking news setiap hari dari Kompas.com. Mari bergabung di Grup Telegram "Kompas.com News Update", caranya klik link https://t.me/kompascomupdate, kemudian join. Anda harus install aplikasi Telegram terlebih dulu di ponsel.



Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

News
May 20, 2022, 07.35 PM

Jakarta Car-Free Day to Resume Sunday

Views
May 20, 2022, 02.42 PM

What to Expect From Biden's Trip to Asia

News
May 12, 2022, 07.22 PM

President Joko Widodo Arrives in the US

Close Ads