BALIKPAPAN - President Prabowo Subianto asked the Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia to intensify the exploration of Indonesia's upstream oil and gas (migas).
Not only instructing, Prabowo also asked the Ministry of Energy and Mineral Resources and related institutions to provide ease for investors who want to carry out exploration.
"I was also told by oil reserve experts that we have a very large oil reserve, our gas reserves are very large, we just need to manage and pursue them. I ask ESDM to immediately expand exploration, immediately make it easier for those who want to explore, yes. Don't quote-quote in front of me," said Prabowo, quoted Tuesday, January 13.
Previously, Deputy Minister of Energy and Mineral Resources Yuliot Tanjung said that the Ministry of Energy and Mineral Resources plans to auction 75 oil and gas blocks spread throughout Indonesia.
Of the 75 oil and gas blocks, the oil and gas blocks with the greatest potential are in the Sulawesi and Papua regions.
"We are ready to offer a work area for 75 oil and gas blocks. If you look at the potential, the biggest one is around Papua, then in Sulawesi," said Yuliot at the Le Meridien Hotel, Tuesday, July 8.
He added that his Ministry had identified points with great potential and was waiting for the time to be offered to the Contractor of the Cooperation Work Contract (KKKS).
"We have identified and we are ready to offer through an auction to business entities. In parallel, we are trying to hand over which permits can enter the KKKS company through an auction," he said.
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