Neptune targets Indonesian growth
The company is focused on increasing throughput at its Jangkrik FPU but is keen to consider fresh opportunities
UK-headquartered Neptune Energy is seeking to raise its gas production in Indonesia, says Eko Lumadyo, managing director of the firm’s local business, although he adds the country may struggle to reverse the overall decline in its output. Indonesia’s bureaucracy can be challenging to navigate, particularly compared with some neighbouring countries, admits Lumadyo. That is especially the case for the developers of onshore projects, which must deal with overlapping regulators and authorities from the central and regional governments as well as engage with local communities. Offshore projects, on the other hand, face fewer complications, as those more than 12 miles from the coast are handled di
Also in this section
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
17 December 2024
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy