Will Disband, British Oil And Gas Giant BP Praises SKK Migas Performance

Illustration (Photo: Doc. Antara)

JAKARTA - The government is still revising the Oil and Gas Bill which allows the dissolution of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas).

In the midst of the issue of disbandment, SKK Migas received a lot of praise from the world's oil and gas CEOs.

They assess that Indonesia has promising geological potential and SKK Migas as an institution that manages upstream oil and gas business activities is always trying to make it easier for investors to find oil and gas.

Asian Pacific President, British Petroleum (bp) Kathy Wu also praised SKK Migas' agile movements in granting company permits in Papua, namely Tangguh Field which produces liquefied natural gas.

According to Kathy, BP and Indonesia are the right composition to pursue trilemma energy, namely energy resilience, energy affordability, and energy sustainability.

Indonesia has many opportunities, including abundant oil and gas resources, high demand, and has reservoirs being developed for the CCS/CCUS project.

"Thus, our business strategy is very much in line with the target of the Indonesian government," he said, quoted on Monday, September 25.

Kathy added, BP Indonesia will also continue its Resilient CCS activities after Project Train 3, which in the future also has the potential to be developed as a regional CCS hub.

Meanwhile, Petronas President Director Yuzaini Bin Md Yusof said Indonesia is one of the important countries for Petronas' business portfolio.

Even though he has been doing business in Indonesia for 20 years, this Malaysian company is committed to continuing to invest.

For Petronas, Indonesia is a crude and import country. Petronas is not only investing in upstream, but also in downstream business as well as petrochemicals. Indonesia is also an important market for our methanol products," he said.

He added that one of the areas directed by Petronas in Indonesia that has great potential is the Hidayah Field which is located in the North Madura II Working Area.

To develop its business, Petronas will also continue to search for new oil and gas exploration locations in Indonesia. One of the new fields that Petronas will work on is Blok Masela.

In this block, Petronas gets 15 percent of the right to manage (particicipating interest/PI) and its partner PT Pertamina holds 20 percent PI. A total of 35 percent of PI is held by both of them in the consortium with Inpex Corporation which has 65 percent PI there.

In addition, Petronas is also eyeing an oil and gas field in the Tuna Block.

Petronas juga terus melakukan pencarian lokasi eksplorasi migas baru di Indonesia. Saya rasa new field dan eksplorasi sangat penting bagi Indonesia untuk mendorong produksi dan mencapai target 1 juta barrel minyak," terangnya.

Another compliment was also conveyed by the President Director of Exxonmobil Indonesia, Carole Gall.

When speaking at the same forum, he said that Indonesia is a complete market because the oil and gas business is growing from upstream to downstream.

For Exxonmobil, who has been doing business activities for decades in Indonesia, enjoys this condition because the market absorbs all the products produced.

Indonesia has all business sectors carried out by ExxonMobil, including upstream, downstream, and energy transition business businesses. All these sectors are in Indonesia so that they become very attractive to ExxonMobil," he said.

Just so you know, Exxonmobil plans to drill at Banyu Urip Field again, which will be carried out in the near future.

Exxon is also active in commercialization with SKK Migas.

The CCS business in Indonesia for Exxonmobil will encourage Indonesia in a positive transformation, especially since this technology is not new to drilling Exxonmobil.