Friday, December 1, 2023 | 02:22 WIB

Oil and Gas Magnates Praise Indonesia, What’s Happening


Jakarta, IO – Global oil and gas industry players praised the cooperation with Indonesia that has existed for decades in oil and gas projects in the country.

This was conveyed in the CEO Panel session at the 4th International Convention on Indonesian Upstream Oil and Gas (ICIOG) Day 2 which was held in Nusa Dua Bali, Friday (22/9). A number of CEOs of oil and gas contractors operating in Indonesia (KKKS) were present, from British Petrolum (BP), ENI Muara Bakau BV, PT Medco Energi Internasional Tbk, to ExxonMobil Cepu Ltd, per Detikcom, Monday (25/9).

ExxonMobil Cepu Ltd president Carole J. Gall said that Indonesia has a special place in the ExxonMobil portfolio. There are several reasons underlying this, one of which is a relationship that has existed for 150 years.

“Indonesia is a great place with high standards, with talent for our global organization. This is the best place for our affiliates from all over the world to manage a business base. All our businesses around the world see Indonesia as the best model,” said Gall in her presentation.

Gall also assessed that the fiscal policy implemented in Indonesia is very helpful in creating a good investment climate and also has an important role in increasing activity in the oil and gas industry.

“It’s also easy to do business. The government and ministries work well together. Investors are respected. In Indonesia we feel appreciated, so we want to bring in other investments,” she said.

Praise was also given by the PT Medco Energi Internasional Tbk director and COO Ronald Gunawan, especially on Indonesia’s fiscal policy and the role of the Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) in the industry.

“SKK Migas’ support has made things better. There have been significant improvements. We have several international operations. I am directly involved and can see the difference. Indonesia’s fiscal positions are currently quite competitive,” he said.

Meanwhile, BP Asia Pacific president Kathy Wu also shared her enthusiasm working with Indonesia. According to her, BP and Indonesia are a winning combination.

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“It describes our mission well. We want to have a role in addressing the trilemma, resilience, affordability and sustainability. Indonesia has many competitive advantages. It has lots of oil and gas and minerals,” said Katy.

Echoing others’ positive sentiment, Eni Muara Bakau BV director Roberto Daniele also said that Indonesia was the top country for ENI. According to him, the resources that Indonesia has is compatible with ENI’s strategy and transition to renewable energy.

“The most important thing is that the contract must be ensured in the right direction. The resources are immense, the people are great, the culture is rich. There are good universities. ENI will keep focusing on Indonesia,” said Daniele. (rr)


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