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he transfer of the management of the Rokan Block from Chevron to Pertamina is delayed by a number of problems.
State-owned energy company Pertamina booked US$1 billion net profit in 2020, the equivalent of Rp14 trillion.
The House of Representatives will be discussing the draft bill on the oil and gas law in 2021, after finishing the New and Renewable Energy law.
Luhut Pandjaitan on Wednesday cited a number of organizations that predict the fall of oil demand post-pandemic.
SKK Migas said the 2021 drilling activities will be pushed to increase two folds from this year's 268 oil well drilling realization estimation.
The takeover of the Rokan Block by Pertamina has the potential to cause losses.
Pertamina Chief Commissioner Ahok arrived at the ministry's office today at 4:45 p.m. to join the meeting on the oil and gas lifting.
As many as 12 oil and gas projects will start operational in 2020, Indonesia's Ministry of Energy and Natural Resources said.
Energy Ministry's Directorate General of Oil and Gas has decided to cut back on Pertamina's crude oil import quota for 8,000 barrels per day.
Oil and gas lifting last year reached 1.8 million barrels of oil equivalent per day (BOEPD), or just 90.5 percent of the targeted 2.025 million BOEPD.
The single price fuel distribution in 2020 will be targeted towards 83 regions.
The Natuna Sea in the vicinity of the Riau Archipelago contains the largest gas field reserves according to the SKK Migas.
SKK Migas is eyeing to increase national oil production up to one million barrels daily by the year 2031.
Pertamina Upstream Director Dharmawan Samsu announced the state-owned energy firm's 2020 budgeting plan of USD 150 million ( IDR 2.1 trillion).
President Joko "Jokowi" Widodo said the government would announce a mandatory use of diesel fuel mixed with 30 percent palm oil (B30).
President Jokowi reiterated his determination to combat oil and gas mafia, in order to reduce fuel imports and strengthen Indonesia's economy.
As of Monday, Ahok has officially been named as the commissioner of state-owned energy company PT Pertamina.
SOE Minister Erick Thohir met with Energy and Mineral Resources Minister Arifin Tasrif at the latter's office in Jakarta, today.
SKK Migas reported 63 cases from 2012 to 202 of oil theft at Rokan Block managed by Chevron Pacific Indonesia (CPI)
The central statistics agency, Statistics Indonesia or BPS, recorded August 2019's trade balance at a surplus of US$85.1 million.
