Finding the right model for Indonesia's oil and gas management
- Written by Giri Ahmad Taufik, Legal Researcher, Indonesian Center for Law and Policy Studies (PSHK)
Indonesia has substantial unexplored basins predicted to hold 43.7 billion barrels of crude oil, according to data from the country’s Upstream Oil and Gas Taskforce (SKK Migas).
But companies are reluctant to fund expensive explorations of new oil fields, which in Indonesia’s case are mostly offshore. The problem: Indonesia does not...