SKK Migas Vice Chairman on Upstream Oil, Gas

The transcript discusses the challenges in forecasting oil prices due to global dynamics, Indonesia's strategies to increase oil and gas production, and the importance of foreign investment. It highlights the impact of rising oil prices on Indonesia, the delays in LNG production due to the pandemic, and the need for new reserves. The text also covers the involvement of multinational companies in developing Indonesia's energy sector, particularly in less explored Eastern regions.

What is one of the main reasons for the difficulty in forecasting oil prices?

• Predictable demand patterns

• Stable global markets

• Dynamic global situations

• Fixed oil supply

Why is Indonesia particularly concerned about rising oil prices?

• It boosts local production

• It increases subsidy costs

• It reduces government revenue

• It leads to increased exports

What is Indonesia's strategy to meet its oil demand?

• Decreasing oil consumption

• Reducing oil imports

• Increasing local production through exploration

• Relying solely on renewable energy

How does Indonesia view the role of gas in its energy transition?

• As a key component for the future

• As a temporary solution

• As an obsolete energy source

• As a minor contributor

What was a major cause of delays in Indonesia's LNG projects?

• COVID-19 pandemic

• Political instability

• Technological challenges

• Lack of funding

Which companies are involved in the new partnerships after Shell's divestment?

• ExxonMobil and BP

• Petronas and Pertamina

• Chevron and Total

• Gazprom and Rosneft

What is the focus of exploration efforts in Indonesia?

• Central Indonesia

• Western Indonesia

• Northern Indonesia

• Eastern Indonesia