Jakarta (ANTARA) - PT Pertamina Hulu Energi (PHE), a Subholding Upstream of Pertamina, explored the potential of the upstream oil and gas industry through the 2023 International Association of Oil & Gas Produces (IOGP).

The IOGP Summit was held in Nusa Dua, Bali, on October 16-19, 2023. The activity carried the theme of "Explore the Potential" that is based on the philosophy of exploring potential in various aspects to provide the best performance and maintain sustainable energy supplies.

"We are here to explore the crucial role of Geomatics in supporting operational activities in challenging environments, such as deep seas, remote areas, and mature fields. This is very significant to ensure the main focus challenge, namely the sustainability of energy supplies," Director of Development and Production PHE Awang Lazuardi noted through a statement received in Jakarta, Friday.

Furthermore, Lazuardi explained that currently, the upstream oil and gas industry is faced with an energy trilemma, which is balancing energy security, affordability, and sustainability.

"A collaborative strategy is very important in the journey towards an era of energy transition in the Asia-Pacific Region. With a spirit of synergy, we can jointly answer the challenges of the energy trilemma to build a sustainable future," Lazuardi remarked.

IOGP is a world-class organization with main focus on the upstream oil and gas industry and plays a role in raising the standards of oil and gas industry practices in various aspects, such as work safety, health, technical, and energy transition.

Meanwhile, oil and gas will continue to contribute greatly to the global economy until 2050, even in the midst of the energy transition era to low-emission energy.

PHE collaborated with IOGP to hold the IOGP 2023 Summit, which was the first activity carried out by presenting several IOGP Technical Committees that held regular meetings, such as the Safety Committee, Environment Committee, Geomatics Committee, and Decommission Committee.

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Another main activity was the 12th IOGP Geomatics Industry Day that was observed with the main objective of exploring the role of Geomatics in supporting oil and gas business processes for tapping new potential across deep water, remote areas and near-field regions/mature fields by considering several aspects.

Some of those aspects include HSSE risk management, cost efficiency, operational effectiveness, and energy transition towards net zero emission to ensure the sustainability of global energy supplies and support the sustainable development goals (SDGs) by 2030.

Another major event in the IOGP 2023 was the Asia Pacific Regional Workshop, with the main focus being the energy trilemma, energy transition, and exploring potential for collaboration in the Pacific region.

At the opening, CEO of IOGP Graham Henly stated that the aim of IOGP 2023 Summit was to unite the energy industry globally and to develop and implement best practices in facing critical challenges in the energy industry.

"This summit activity aims to position IOGP in Asia Pacific as a partner for industry in addressing important issues regarding the energy transition and more specifically, energy availability," he affirmed.

Meanwhile, Director of Upstream Oil and Gas Business Development of the Ministry of Energy and Mineral Resources (ESDM) Noor Arifin Muhammad emphasized that fossil energy has a significant role in supplying the current national energy needs.

"Apart from that, the government has also set a national production target of one million barrels of oil per day (BOPD) and 12 billion standard cubic feet of gas per day (BSCFD) by 2030. We also have the task of reducing emissions from fossil energy, so now, we are currently regulating regulations regarding carbon capture utilization storage/carbon capture storage (CCUS/CCS) to increase investment attractiveness," Muhammad stated.

"We believe that hard work, cooperation, communication, and openness between stakeholders can support the achievement of energy resilience and sustainability," he remarked.

PHE stated that it will continue to invest in managing upstream oil and gas operations and businesses in accordance with the environmental, social and governance (ESG) principles.

PHE has also been registered with the United Nations Global Compact (UNGC) as a member since June 2022. Hence, PHE is committed to 10 universal principles or 10 principles from the UNGC in strategy and operations as part of implementing the ESG aspects.

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Translator: Benardy Ferdiansyah, Cindy Frishanti Octavia
Editor: Yuni Arisandy Sinaga
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