Indonesia 2016 Strategic RoundtableNovember 12, 2015
An unstable regulatory sector continues to hold back the Indonesian oil industry according to a panel of experts gathered by TOGY for its first Indonesia roundtable.
The Oil & Gas Year organised its first Strategic Roundtable in Jakarta at The Energy & Mines Society, Bimasena. The roundtable was organised with the support of SKK Migas on the theme: “A Year of Joko Widodo’s Administration for Indonesia’s Oil & Gas Industry: Challenges, Prospects and Expectations.”
The discussions focused on the strategic importance of the year 2016 for Indonesia’s oil and gas industry, in light of the various reforms implemented by the Jokowi administration over the past year and the remaining issues and challenges impacting the sector.
The participants included Amien Sunaryadi, SKK Migas chairman; Ari Soemarno, president commissioner of Samudra Energy and former president director of state-owned Pertamina; Craig Stewart, president of the Indonesian Petroleum Association and general manager of Ophir Indonesia; Lukman Mahfoedz, president director and CEO of PT Medco Energi Internasional; and Ratih Nawangsari, managing partner at Oentoeng Surya and Partners.
The roundtable concluded that Indonesia’s unstable regulatory regime remains an inhibitor to investments in the oil and gas sector, especially amidst lowering oil and gas prices. However government to address issues such as expiry of production sharing contracts were recognised as a significant boon to the industry. The alignment of the new authorities governing the energy industries was also hailed as a positive sign of a developing industry.
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