Thu, 07 May 2009
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono, said in Jakarta Monday the oil and gas sector in Indonesia is still very prospective even against the background of a global crisis.

"The sector contributes 21 pct of Indonesia`s exports, and 32 pct of the government`s total revenue," the president said when opening the 33rd IPA (Indonesian Petroleum Association) convention and exhibition at the Jakarta Convention Center (JCC).

President Yudhoyono said the government also planned to boost Indonesia`s oil output and continue bringing about and maintaining a favorable business climate for investors.

The president said the governemnt will expand and intensify explorations focusing on gas with a view of supporting the government declared kerosene to gas conversion program.

"Some 52 million houses, or 70 pct of the total number of households in Indonesia, are expected to use 70 pct of the result of the gas explorations," the president said.
On the same occasion, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said Indonesia remained attractive to oil and gas investors.

He said there are now 107 oil and gas exploration areas which are expected to constantly increase.

"Today, the government and the winner of a bid for oil and gas explorations had signed 12 new contracts, bringing the number of exploration regions throughout Indonesia to 119, " Purnomo said.

Total investment in the energy and mineral resources sector in Indonesia in 2008 reached 19 million US dollars with oil and gas as the biggest contributor, reaching 70 percent. (*)



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