Jakarta’s skyline
Indonesia greenlights more projects
Jakarta is seeking to accelerate upstream developments and encourage more foreign investment
Indonesia started the year by approving development plans for two new offshore projects, as the authorities continue their efforts to raise domestic oil and gas production. UK-listed independent Harbour Energy secured approval for its planned development of the Tuna gas field in Indonesia, near the maritime border with Vietnam. Indonesia’s Ministry of Energy and Mineral Resources greenlit Harbour’s plan of development (POD) for the offshore gas project, following recommendations from SKK Migas, the state agency tasked with turning around the country’s upstream. Harbour submitted the POD in October and plans to carry out a Feed study this year, with a target of reaching FID by the end of 2023
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Sound development planning is essential in this diverse and rapidly evolving region
