Oil and gas resources continue to play an important role in Indonesia’s economy.  In a bid to maintain its contribution to the national economy and production, the upstream oil and gas sector has set a quite ambitious long-term target, namely achieving production of 1 million barrels of oil per day, and 12 billion standard cubic feet of gas per day in 2030.  This is a sharp increase in production compared to the realized oil and gas output of 746,000 barrels of oil per day, and 5.9 billion standard cubic feet of gas per day at the end of 2019.

To ensure the 2030 target is realized, the Upstream Oil and Gas Special Task Force (SKK Migas) is organizing the 2020 International Convention on Indonesian Upstream Oil and Gas (IOG 2020).

SKK Migas Head, Dwi Soetjipto: 

“The 2020 International Convention on Indonesian Upstream Oil and Gas is expected to become an event to deliver greater target so that all oil and gas industry players in Indonesia can continue play active role in advancing the national oil and gas industry for the welfare of the Indonesian people.” 

This convention is held to embrace all stakeholders so as to have mutual understanding related to the long-term vision of SKK Migas.  The commitment of the stakeholders plays important role in supporting and realizing the oil and gas upstream industry as the main pillar of development and national economy.

Graph 1

Objectives of convention To identify policy and strategy to attract investment in the upstream oil and gas industry

To identify challenges and take initiative to push collaboration between investors and stakeholders.

To detail charter programs based on input from stakeholders

Giving awards to PSC contractors

Graph 2

Main Topics of Convention

Leadership commitment and stakeholders’ support for the upstream oil and gas industry as the main pillar of development and national economy

Understanding and anticipation of global changes in the upstream oil and gas sector

Adaptation to change and national energy security

Formulating activity details to ensure success in achieving the 2030 target

Graph 3

2 – 4 December 2020

Virtual Convention

5,000 National and International Participants

FREE, Open to the Public

Register Now

For further details, please follow SKK Migas’ official social media accounts

Source: https://www.thejakartapost.com/adv/2020/11/19/road-map-to-achieve-record-oil-gas-production.html.