Why Indonesia Needs To Reform Its Oil and Gas Exploration Landscape

Quick Summary:

If the country is to achieve its ambitious 2030 energy goals, it needs to remove the obstacles in the way of foreign exploration activities.

Allowing investors to follow their own procurement procedures, especially during high-risk exploration, would accelerate activities and reduce costs.

This open-access model allows investors to make informed decisions without waiting for government approval, which in Indonesia’s case would accelerate exploration timelines and boost investor confidence.

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Article Details

Author / Journalist: Larry Luckey

Category: Economy

Markets: United StatesArgentinaAustraliaBangladeshChinaGuyanaIndiaIndonesiaSouth KoreaMexicoMyanmarNamibiaNew ZealandPakistanSurinameTaiwanUkraine

Topics: Investors Activities Investment Production Current Recovery Costs Exploration Government Process Indonesia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 08:41:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 3702 words

Reading Time: 21 minutes read

Sentences: 182 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 24591540

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