Minister of Finance Sri Mulyani visited the Office of the Ministry of Energy and Mineral Resources (ESDM) to discuss the achievements of oil and gas lifting in the first quarter of 2025.
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia revealed that the purpose of the arrival of this state treasurer was to discuss the performance evaluation of the implementation of the Oil and Gas Upstream Activities (SKK Migas) in the first quarter of 2025.
"Earlier we had a meeting of the SKK Migas Supervisory Board. We discussed the 2025 performance evaluation in the first quarter," he said when met at the Ministry of Energy and Mineral Resources Building, Tuesday, May 27.
Bahlil explained, the realization of oil lifting in the first quarter of 2025 has reached 580,000 barrels per day (BOPD) of the 605,000 BOPD target or has reached 96 percent of the target. The gas distribution in the first quarter reached 120,000.
"So God willing, pray for 2025 the APBN target, God willing," continued Bahlil.
Furthermore, Bahlil said, currently the government has exempted Cooperation Contract Contractors (KKKS) from choosing a profitable profit-sharing scheme.
This is intended so that the upstream oil and gas sector will stimulate investors and accelerate Indonesia's lifting achievements.
"Whether we want a Gross Split or a Cost Recovery, we give both. It's up to the KKKS, which one does it want. If he thinks the Gross Split is good, we will give it. If he thinks Cost Recovery is good, we will give it," explained Bahlil.
For this reason, he ensured, the debate between the gross split and cost recovery profit-sharing scheme had been abolished because the government left the option entirely to the contractor.
"Now it's flexible. It's more economical," he added.
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Currently, he said, the government will only encourage the acceleration of the KKKS, which previously left to return and work on domestic oil and gas fields.
The chairman of the Golkar Party said that currently there is a giant French oil and gas company (oil and gas) that has expressed interest in returning to Indonesia.
"Now it's just a matter of accelerating so that KKKS wants to return to Indonesia. TotalEnergies," he said.
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