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Home News Oil and Gas Working on Potential Oil and Gas Field
Working on Potential Oil and Gas Field PDF Print E-mail
Monday, 07 December 2009 10:01

 

Jakarta, to improve oil and gas production, the contractors contracts or working requested KKKS potential oil and gas field, but does not produce. If you do not submit business plans on the field, the contractor must return to the government.
It was stated in the draft Regulation of the Minister of Energy and Mineral Resources of the Policy Manual of Oil and Gas Production Increase to be implemented later on December 21. Before that, the government would discuss with the stakeholders.

According to oil analysts, Kurtubi, Saturday (5 / 12), in Jakarta, the government must immediately implement various regulations that encourage oil and gas fields that have the potential but could be abandoned in production. "If allowed, the state revenue opportunity will come down," he said.

Rules that must be supported by simplifying the investment process is too convoluted and long. The government should also help KKKS to tackle the problem of overlapping land with the Department of Forestry. "Incentives in the form of tax exemption prior to producing oil and gas field is also necessary," said Kurtubi.

Separately, the Director General of Oil and Gas Ministry of Energy and Mineral Resources Evita Legowo states, the potential oil and gas can still be optimized so that it can accelerate the increase in oil and gas production. Therefore, the contractor shall reproduce the field or the structure still has the potential, both who had and had not been produced.

"We want the contractor did not inventory the field of production, but still potentially. The results of the inventory must be reported to the Executive Agency for Upstream Oil and Gas at the latest 14 days after the Minister of Energy and Mineral Resources Regulation stipulated, "said Evita.

According to Evita, the contractor shall report to the Minister by filing with BP Migas back production plans no later than 30 days after the inventory was completed. If not, the contractor must return it to the government.

To increase efforts to produce again the wells that still has the potential, the contractor can do alone or in cooperation with other parties. However, if you decide to work with other parties, it must get approval from the Minister of Energy and Mineral Resources in advance.

 

 
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