Oil and Gas are Weak, Government Urged to Revise Oil and Gas Law

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.