Indonesia needs to change to stay attractive.

Feb 26, 1997 01:00 AM

Indonesia plans to bring two gas trains onstream in Irian Jaya by 2003-2004, the president of Arco Indonesia said.Arco holds 80 % and 40 % in the Wiriagar and Berau blocks in Bituni Bay, Irian Jaya, the western half of New Guinea island. Kanematsu holds the remaining 20 % in Wiriagar and 12 % in Berau, which is also held by Occidental Petroleum with 22.86 % and Nippon Oil Co 17.14 %.
Codron said although Indonesia presents an attractive target for selective upstream investments and has strived to remain competitive, Indonesia may consider some changes to attract large upstream investors. "The ability to adapt to change in order to remain competitive is paramount," he said. The four changes he recommended were more incentives for investment in marginal fields and enhanced oil recovery (EOR), tax consolidation, transparency in domestic pricing and simplifying administrative prices.

Source: not available
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« August 2019 »
August
MoTuWeThFrSaSu
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31

Register to announce Your Event

View All Events