Investment Ministry boosts upstream oil and gas investment partnership

Investment Ministry boosts upstream oil and gas investment partnership

Investment Ministry’s expert staff on investment competitiveness, Heldy Satrya Putera, at the 2021 Increasing National Business Competitiveness workshop held in Surabaya, East Java, on Wednesday (June 23). (ANTARA/HO BPP Hipmi)

The Ministry of Investment and SKK Migas expect this workshop to help increase investment in Indonesia in the near future. We boost partnership in the upstream oil and gas sector by involving local and regional entrepreneurs.
Jakarta (ANTARA) - Ministry of Investment/Investment Coordinating Board (BKPM) has fostered partnership with local and regional entrepreneurs in the upstream oil and gas sector in the midst of sluggish growth in global investment.

Under these endeavors, the BKPM has worked with the Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) to conduct a workshop to help increase investment realization in the upstream oil and gas sector.

“The Ministry of Investment and SKK Migas expect this workshop to help increase investment in Indonesia in the near future. We boost partnership in the upstream oil and gas sector by involving local and regional entrepreneurs,” Investment Ministry’s expert staff on investment competitiveness, Heldy Satrya Putera, noted in a press statement here on Thursday.

Central Management Board (BPP) of Energy Task Force, Indonesian Young Entrepreneurs Association (HIMPI), East Java Regional Management Board (BPD) of HIPMI, Indonesian Chamber of Commerce and Industry (Kadin) of East Java, and all related business associations attended the 2021 Increasing National Business Competitiveness workshop held in Surabaya, East Java, on Wednesday (June 23).


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“We see that SKK Migas is striving to boost its productivity to one million barrels per day. Meeting the target is no easy task. Hence, the ministry has closely scrutinized all potentials in Indonesia that should be involved, especially the regional entrepreneurs. HIPMI, Kadin, and other business associations in East Java are here to build synergy and participate in the upstream oil and gas sector,” Putera expounded.

Putera is sanguine that the involvement of various stakeholders, either from governmental side to regional entrepreneurs, would usher in economic equality, not only from the oil and gas sector but also from the abundant potentials in Indonesia in order to boost investments to drive the nation’s economic growth.

“In this workshop, we will see business opportunities offered in the upstream oil and gas sector, and through this workshop, we will understand the procedures of goods and service procurement along with the tender process in SKK Migas and also the bank’s support for such activities in this sector,” he emphasized.

The Investment Ministry/BKPM has also worked with the Indonesian National Bank (BNI) as the bank’s support for local entrepreneurs.
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