Until now, Indonesia has become one of the investment in oil and gas. The potential wealth of existing oil and gas upstream and downstream, the main attraction of investors. For the upstream oil and gas, there are some conditions and an attractive investment opportunity that is not diekplorasinya entire hydrocarbon basins, especially in eastern Indonesia.
"The potential is still large in eastern Indonesia, but the data is still very limited," said Director General of Oil and Mineral Resources Ministry Evita H. Legowo on IATMI Symposium at the Hotel Indonesia Kempinsi.
Conditions and other opportunities are a number of hydrocarbon reserves have not been developed due to the economic factors, old field application of EOR technology provide opportunities and high demand for domestic gas consumption.
Other opportunities are the optimization of the use of the cooperation contract service contract in the business of oil and gas blocks and planned use of gross production contract for oil and gas cooperation contract.
In addition, an attractive fiscal terms such as tax reimbursements, there is no cost ceiling, fix split during the term of the contract (permanent split) as well as the results and the first 3 years of investment commitments based upon the geological conditions and regions.
"We are trying not to be too rigid in providing investment commitments in the first 3 years. It really consider the condition of the oil and gas blocks, "Evita said.
For example, the results for the conventional oil and gas oil is usually 85:15, for frontier areas, high-risk areas can be reached 65:35. Similarly to the results of the gas that is usually 70:30, 60:40 can achieve. For results on conventional CBM 60:40, 55:45 can achieve.
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