Kenapa yang kita diskusiin justru malah memperketat PSC dan cost recovery,
memperbesar revenue negara dlsb. Sementara investor masih belum mau menoleh
sedikit pun ke negara ini. Untung saja petinggi migas di Indonesia kayak
pak Kardaya ini masih sangat realistis soal hal ini. Mudah-mudahan beliau
tidak harus dipaksa SBY untuk berbuat sebaliknya karena usulan kita2 ini.

Kita itu ibarat orang tua yang masih merasa punya gadis perawan cantik dan
seksi berumur 1000 bulan yang banyak dikejar laki-laki sehingga harus bikin
persyaratan ketat untuk menseleksinya. Padahal gadis tersebut mungkin
sekarang udah berumur 30 tahun, mungkin udah gak perawan, dan gembrot.
Tetapi kita masih terus berkutat bikin persyaratan ketat untuk menseleksi
laki-laki....

Regards -


Incentives needed in Indonesia oil and gas search
Date: 19/12/2005

--------------------------------------------------------------------------------

Indonesia must find new ways to attract foreign investors to search for oil
and gas and reverse a slide in production, the nation's energy regulator
said on Sunday.

Indonesia needs new finds to replace ageing fields with falling output but
a row between Exxon Mobil and Indonesia's state oil firm, Pertamina, over
the operation of a new US$2 billion field, Cepu, has worried other
investors.

"The government has to give more incentive to attract foreign investors
because Indonesia's oil production is declining. There is no significant
discovery so far," BPMIGAS chief Kardaya Warnika told reporters in West
Java city of Bandung.

He said crude and condensate production was expected to reach 1.06 million
barrel per day (bpd) in 2005, just short of a budget target of 1.07 million
bpd.

Warnika said he hoped for a breakthrough soon in the dispute over who will
operate the Cepu field, Warnika said.

The field on Java island, which has the potential to raise Indonesia's
output by 20 percent, is one of Exxon's biggest undeveloped fields with
estimated recoverable reserves of 600 million barrels of oil.

In June, Indonesia offered 27 new exploration areas with sweetened terms
for foreign oil firms but so far contracts for only eight exploration areas
have been signed.

"Indonesia should give more share to investors in the remote and frontier
areas that have not been explored," Warnika said.

Indonesia's standard oil production sharing contract is 85:15 in favour of
the government and 70:30 for gas, levels that foreign investors have said
are too low to be attractive.

In 20 of the new exploration areas, the government has offered investors 25
to 35 percent of production.

Warnika said another way to lure investors would be to allow an operating
unit in one area to use its revenues in the operation of other exploration
areas.

Indonesia expects spending in oil and gas exploration by foreign firms to
almost double to US$1.1 billion this year from US$590 million in 2004, but
exploration drilling looks set to fall to 62 wells from 64 last year.

A mines and energy official said the government planned to sign exploration
contracts this month with several major oil companies. Other oil companies
that operate in Indonesia include U.S. firm Chevron Corp , French energy
giant Total and oil major BP Plc.


Source : REUTERS 19 Dec 2005




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