We Should Be More Flexible
Monday, 15 February 2021
Dwi Soetjipto, Chairman of the Upstream Oil and Gas Regulatory Task Force (SKK Migas) explained his strategies to boost the oil and gas production which continues to decline and never reaches the target. Moreover, the plan for new investment is still unclear.
THE Upstream Oil and Gas Regulatory Task Force (SKK Migas) is facing a heavy task. Amid declining production and missing targets, the government has an ambition to target oil lifting to exceed 1 million barrels per day by 2030. Likewise, gas production is projected to reach 12,000 million cubic feet per day, or doubling its production from last year which was only 5,461 million cubic feet per day.
Those targets seem especially ambitious when&nbs...
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