04 Sep 2019 - 06 Sep 2019
Direct investment in Indonesia’s upstream oil and gas sector is targeted to achieve USD 14.79 billion in 2019, as stated in a press release from SKK Migas – the special task force of the Indonesia upstream oil & gas industry. In the first quarter of 2019, investment recorded has reached USD 2.22 billion, which is a 10% increase compared to the same period last year.
To further encourage investment in the upstream oil & gas industry, the government of Indonesia is actively introducing solutions and simplifying regulations to ease the challenges of regulatory barriers and bureaucracy. One of the primary initiatives is the PSC Gross Split scheme, which has generated positive feedback as proven by several PSC companies who have adopted new working areas using the new scheme.
The upstream oil & gas industry will be fully covered and highlighted in the Indonesian Petroleum Association (IPA) annual Convex which will be held for the 43rd time in 2019 and will take the theme of “Driving Exploration and Optimizing Existing Production for Long Term Energy Security”.
Join with fellow oil and gas industry professionals for a comprehensive 3-day event filled with knowledge-sharing, networking, new technologies and industry updates at the Jakarta Convention Center from 4 to 6 September 2019.
For more information about IPA Convex 2019, please visit the event website or email us at email@example.com.