Oil and Gas are Weak, Government Urged to Revise Oil and Gas Law
By : Ahmad Fadli Dan Aldo Bella Putra | Tuesday, October 03 2017 - 20:20 IWST

Gedung SKK Migas (en.tempo.co)
INDUSTRY.co.id - Jakarta - The condition of oil and gas business in Indonesia is currently considered not support the investment climate. The Factor, because of the legal uncertainty contained in the Oil and Gas Act (Oil and Gas) itself. On that basis, the Special Forces Working Unit (SKK) of Oil and Gas urges the Government to immediately revise the Oil and Gas Law to revolutionize the industry's governance in the country.
"Until now there are no signs of clarity on the government's stance on the revision of the law," said SKK Migas Workers Union Executive Bambang Dwi Djanuarto, in an email received by the editors, Tuesday (3/10).
According to Bambang, investment in oil and gas industry in Indonesia in the period of two to three years has decreased considerably. This is evident from the interest of investors to participate in the auction of working area in Indonesia which is still very minimal.
"Therefore, we hope that the Minister of Energy and Mineral Resources can quickly formulate a revision of the Oil and Gas Law and this revision is important to provide legal certainty for foreign investors to invest in the oil and gas sector in the country," he said.
Meanwhile, Chairman of Jakarta Journalists Forum, Ahmad Yuslizar urged that the government and the House of Representatives immediately sit at the table to finalize the revision of the Oil and Gas Law. Therefore, Oil and Gas Law No. 22 of 2001 is no longer relevant to the current conditions.
"The new oil and gas law is expected to solve the problems in the downstream sector. We also hope that in the Oil and Gas Law will be accommodated with the latest energy problems, solar energy and so on, '' he said.
Read Also
The 7th Abu Dhabi Dialogue in Dubai: Commitment to Enhance Migrant…
Pertamina Hulu Rokan expounds on wetland innovations at COP28
Pertamina reaffirms its commitment to net zero emissions by 2060
President Jokowi Inaugurates Tangguh Train 3 Project in Teluk Bintuni…
MMA Offshore Automates Onboarding With Boomi
Today's Industry

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…

Jumat, 28 Maret 2025 - 21:44 WIB
Turning Loss into Profit, INOV Optimistic in Maintaining Positive Performance this Year
PT Inocycle Technology Group Tbk (INOV:IJ) Indonesia's leading and largest PET waste recycling Company managed to book sales of IDR 629 Billion in 2024, an increase of 4.8% compared to the previous…
News Comment