IPA: National Energy Oil and Gas Up to 30 Years Upcoming

INDUSTRY.co.id - Jakarta - President of Indonesia Petroleum Association (IPA) Ronald Gunawan said oil and gas are still the backbone of national energy in the next 20 to 30 years.

In his speech at the 42nd IPA Convention and Exhibition of the Year 2018 at JCC Senayan, Jakarta, Wednesday, Ronald mentioned in World Energy Outlook 2017 by International Energy Agency (IEA) that oil and gas will still be the world's top energy in 20 -30 years ahead with portions above 50 percent.

"In Indonesia, the National General Energy Plan (RUEN) as stipulated in Presidential Regulation No. 22 of 2017 sets the target energy portion of oil and gas in 2050 to 44 percent of the total national energy," he said. From this data, it can be concluded that oil and natural gas is still the backbone of the national energy in the next 20-30 years, "Ronald told media crews.

However, Ronald highlighted Indonesia which has been a net importer of petroleum since 2002. With the continued decline in national oil and gas production, Indonesia is expected to become a net importer for gas in 2022.

To address this discrepancy, a major investment in exploration is needed to find new sources of oil and gas.

According to Ronald, this is a big challenge because the exploration to find new oil and gas reserves has shifted to the "frontier" and deepwater areas so that huge initial investment and high technology are required.

The 42nd IPA Convention and Exhibition of 2018 was officially opened today by President Joko Widodo, accompanied by the Coordinating Minister for the Ministry of Marine Affairs Luhut Binsar Panjaitan, Minister of Energy and Mineral Resources (ESDM) Ignasius Jonan, Head of Special Upstream Business Work Unit (SKK Migas ) Amin Sunaryadl, and IPA President Ronald Gunawan.

This year's 42nd IPA Convex themed "Driving Indonesia's Oil & Gas Global Competitiveness". The theme is taken by considering the upstream oil and gas condition of Indonesia which continues to decline in production and therefore is in dire need of investment to find new oil and gas reserves through exploration activities.

On the other hand, the global competition to attract oil and gas investment is so tight that it needs to increase Indonesia's competitiveness globally.

This year, IPA Convex introduces a new session that deals specifically with technology, the Technology Session.

There are a variety of discussion topics to be covered, including 1) Governments on Innovation of New Technology Improvement, 2) Impact of Digital Internet of Things In the Upstream Oil and Gas, 3) New Business Model in Gross Split System, and 4) Technology for Decommissioning.

This year's Convex IPA is participated by more than 1,700 convention participants, 118 exhibitors from various companies, Government and associations from within and abroad, and is expected to be visited by more than 21,000 people.