The Indonesian government is stepping up cooperation with Chinese companies to increase Indonesia’s oil and gas reserves and production, according to Director of Upstream Oil and Gas Business Development Ariana Soemanto.
The three stakeholders are the Directorate General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM), the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), and PT Pertamina Hulu Energi, a subsidiary of the state-owned oil and gas company Pertamina.
Two of the five exploration areas in eastern Indonesia have already engaged Chinese oil and gas companies, Sinopec and PetroChina. In June, Buton and Timor were designated as joint study areas.
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