JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia said a company called Eni from Italy, South Europe, stated that it is ready to invest in East Kalimantan Province (Kaltim) worth US$10 billion, equivalent to Rp150 trillion.
Eni is an energy company with a head office in Rome that was founded in 1953, operating in the fields of petroleum, natural gas, and petrochemicals. Eni is one of the largest oil companies in Europe and has penetrated more than 70 countries.
Companies engaged in exploration, production and hydrocarbon development, both on land and offshore, will invest around IDR 150 trillion and will start production in 2027.
"The investment that Eni is interested in in East Kalimantan is for natural gas production fields off the coast of the East Kalimantan region, namely natural gas fields in Jangkrik Block and Meres Block," said Bahlil during the opening of the East Kalimantan Golkar Party Musda in Samarinda, quoted by Antara, Monday, July 21.
According to him, the production of natural gas from the two adjacent fields is believed to be able to increase gas production to serve the demand for the energy market at large, both domestic and export markets.
He said that the dynamics of the global economy is currently not doing well, along with the global escalation of politics and tensions, caused by war in several parts of the world, not only causing physical damage and casualties.
However, in the midst of this heated situation, it turns out that there are still companies from Europe that are willing to invest in Indonesia, especially in East Kalimantan, so this is good news because this investment can accelerate the economic turnover of the region.
Bahlil also said that the global tension also had an impact on economic wars and tariff wars, as the US did, but he also praised President Prabowo Subianto's diplomacy for quickly changing US policy from 32 percent to 19 percent.
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Regarding investment by Eni, he said again, this will certainly have an impact on regional economic growth and absorption of labor both local and national.
Moreover, he said, for participaling interest (PI) or proportion of production and exploration ownership, Eni will strive to hand over part of PI to East Kalimantan Province, so that yield sharing funds (DBH) for East Kalimantan Province will increase.
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