The Pressure is on: Investor Survey of the Indonesian Oil and Gas Industry
Tapis Room, Lower Level
Four Seasons Hotel
Jl. H.R. Rasuna Said – Jakarta Selatan
Rp. 360,000 (Non IPA Prof. Div. Member)
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PricewaterhouseCoopers Indonesia has undertaken its 4th edition (undertaken on a bi-annual basis) of an Investor Survey of the Indonesian Oil and Gas Industry. The purpose of the survey is to inform the public and private sectors in Indonesia and abroad about Indonesia’s upstream petroleum industry and to highlight some of the challenges facing the Indonesia upstream oil and gas industry in attracting optimal investment and achieving its full potential.
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The current survey questionnaire was sent in April 2010 to approximately 300 senior management individuals (Country Managers, CFO, COO, Finance Managers, etc) working for oil and gas companies and oilfield service providers currently active in the Indonesia oil and gas sector. The survey covers the following areas:
1) Supply and demand for oil and gas
2) Employment
3) Capital Expenditures
4) Challenges facing the industry
5) Competitiveness of the Indonesia oil and gas sector
6) Recent developments and
7) Other Challenges.
The top 5 challenges as identified in the 2010 survey are: 1) Interference from other government agencies, such as the tax authorities, 2) Uncertainty over cost recovery and BPMigas / BPKP audit findings, 3) Contract sanctity, 4) Corruption collusion and nepotism (“KKN”), and 5) Confusion over Law No. 22/ Implementing regulations. The 2010 survey results have been compared with the prior survey results to highlight any trends that may exist.
Biography
Educational background:
- Master degree in Business Economics, University of Maastricht, The Netherlands
- Majoring in Auditing
Professional Affiliations:
- Chartered Account, Royal Dutch Institute of Chartered Accountant
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