SKK Migas: Indonesia Not an Oily Country
18 February 2014 14:04 WIB
TEMPO.CO, Jakarta - The Special Taks Force for Upstream Oil and Gas Business Activities (SKK Migas) stated that Indonesia does not have an abundant stock of oil and gas. "Indonesia's oil reserve is only 0.5 percent of the world's reserve," said SKK Migas Secretary Gde Pradnyana. "We were a member of Organization of the Petroleum Exporting Countries (OPEC) not because we were rich in oil, but because we had lesser consumption."
Pradnyana mentioned that Indonesia was once a liquefied natural gas (LNG) exporter, back in the glorious days of the Bontang and Arun Oilrig. On the other hand, he added that daily oil lifting has reduced significantly in the last 40 to 50 years, from 23 billion barrel per day to 4 billion barrel per day.
"We have been deceived by the policy and consumption pattern for years, particularly in the New Order regime," he said.
MARIA YUNIAR