The 42nd Indonesian Petroleum Association Convention and Exhibition (IPA Convex) ended today with both regulator and industry executives in agreement that forging a closer partnership is essential to build a better future for the upstream oil and gas industry. “Let’s work together and (be) more efficient,” Amien Sunaryadi, Chairman of the Special Taskforce for Upstream Oil and Gas Business Activities (SKK Migas), said in his closing speech.
A panel of experts speaking at the 2nd plenary session of the 42nd Indonesian Petroleum Association Convention and Exhibition (IPA Convex) today shared a similar view that sensitivity and flexibility from the regulator are key in forging a productive partnership with PSC Contractors, thus improving the nation’s global competitiveness.
The government will continue to streamline rules and regulations related to the upstream oil and gas industry in a bid to attract investors, President Joko Widodo said during his opening speech at the 42nd Indonesian Petroleum Association Exhibition and Convention today. “Our regulatory (environment) is still less conducive to attract investment. It is confusing and complicated,” admitted the President.