Getting ready! Oil and Gas Investment Stimulus Launched Tomorrow

Jakarta –

Special Working Units Implementing Upstream Oil and Gas Business Activities (SKK Migas) will launch stimulus for the upstream oil and gas sector on the sidelines of the 2020 International Convention on Indonesian Upstream Oil and Gas. This event is held from December 2 to 4, 2020.

“After the panel discussion on the first day there will be a stimulus launching agenda. We will convey stimuli in the upstream oil and gas sector, anything to attract investment in the upstream oil and gas sector,” said Head of SKK Migas Facility Management and Maintenance Division Luky Yusgiantoro at the conference. press virtually Tuesday (12/1/2020).

Even so, his party has not disclosed what stimulus will be provided. He said 7,500 participants from 49 countries had registered. These participants come from various groups, including the government, investors and academics.

According to him, many foreign investors do not know about the upstream oil and gas sector in Indonesia. The stimulus is expected to attract investors.

“There are participants currently registering from 49 other countries so quite a lot. Most likely they do not really understand the upstream oil and gas sector in Indonesia or its policies, so that later they will be conveyed to the foreign or national participants the stimuli that are being discussed or has been approved by the Indonesian government. So once again the goal is to attract investors, “he explained.

He said one of the objectives of holding this event was to achieve the oil production target of 1 million barrels per day (bopd) and 12 bscfd of gas in 2030.

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