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Increase Investment, Ministry of ESDM Continues to Improve Oil and Gas Data

    The Ministry of Energy and Mineral Resources (ESDM/EMR) continues to improve the subsurface data for oil and gas blocks to attract investment. The reason is that the completeness of the data will increase Indonesia's competitiveness in attracting oil and gas companies to invest in Indonesia.

    Head of the Center for Data and Information Technology at the Ministry of Energy and Mineral Resources (EMR/ESDM), Agus Cahyono, said that the ministry has opened access to oil and gas data for potential investors to attract investment. 

    Completeness of data is also the focus of the ministry. One of them is that the data's completeness can make it easier for potential investors to process 2D seismic data into 3D as strong.

"With more complete data, it provides convenience and completeness for potential investors to conduct regional studies," he said during an online discussion on Ease of Investment and Information Services in the Energy and Mineral Resources Sector held by the Ministry of Energy and Mineral Resources (ESDM/EMR).

    Currently, his party continues to collect seismic data from oil and gas blocks throughout Indonesia. However, he admits that there are indeed obstacles related to data processing, especially those that are still stored in round tape form. The success of reading data on the media is fairly low.

“Really have to be careful and have to go back and forth to retrieve data. And this is a lot of round tape data,” said Agus.

    In addition, he said that data improvement could be pursued from the realization of definite Work Commitments (KKP) promised by oil and gas companies when signing the Production Sharing Contract (PSC). KKP funds can now be used to conduct exploration in open areas, not limited to oil and gas blocks operated by oil and gas companies.

    Pertamina Hulu Energi (PHE) has completed a 2D seismic survey along a length of 32,200 kilometers (km). Currently, the resulting data is being processed through Pseudo-3D Seismic Reprocessing. 

Blogger Agus Purnomo in SKK Migas

    SKK Migas noted that there is exploration potential for Deltaic Deepwater Play in the South Makassar Strait Basin, Pre-Tertiary Play in the North East Java-Makassar Strait Basin, and others. This data will also be open to the public in the future.

    Not long ago SKK Migas also signed an upstream oil and gas exploration cooperation with ENI. With this technology collaboration, SKK Migas hopes to has new oil and gas prospects.

    Regulatory Affairs Committee Indonesian Petroleum Association (IPA) Prana Raditya said oil and gas companies were greatly helped by the government's policy of opening up national oil and gas data. He hopes that the subsurface data on oil and gas blocks can be improved in quality and quantity so that it will increase oil and gas business actors to invest in Indonesia.

“In terms of data, Indonesia is currently competing with other countries. So, the more, complete, and good quality data that can be provided for business actors review, the more attractive Indonesia will be for business actors at home and abroad," he said.

    Thus, the completeness of the data also helps to achieve the target of oil production of 1 million barrels per day (BPD) and gas of 12 billion cubic feet per day by 2030. These data on oil and gas blocks are summarized in the Oil and Gas Data Repository (MDR). 

    Not only data related to oil and gas potential in one area but the MDR is also equipped with supporting data, such as area boundaries, availability of age infrastructure, geological vulnerability, to whether it is included in forest land. Investors can access all the data for free by registering to become a member.

Investor Daily, Page-10, Wednesday, July 7, 2021


1 Response to "Increase Investment, Ministry of ESDM Continues to Improve Oil and Gas Data"

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