ABOUT THE EVENTS
Today’s global investment climate remains volatile, with a relatively pessimistic sentiment and outlook. Within the oil and gas industry, large projects have become increasingly difficult to pass final investment decisions (henceforth FIDs), resulting in increased competition among countries and players to draw investments.
Over the past few years,
Indonesia’s oil and gas industry has experienced significant decline in production, reserves, and investments, a trend which is projected to continue in the near term. Oil production has decreased at a faster rate than oil demand decline, resulting in a widening oil demand and supply gap. On the other hand, domestic gas production has also fluctuated, experiencing an overall downward trend, while demand continues to increase
Nevertheless, despite the declining trends, Indonesia still holds substantial potential of oil and gas reserves. Today, 33 basins still lack exploited discoveries, despite having been explored. Western Indonesia in particular still holds large potential of oil resources, with approximately 683 billion barrels of oil equivalent (Bboe). Eastern Indonesia has an equally promising outlook, as despite the low number of active blocks, the region boasts high prospective gas resources, with above average gas resource findings per explored block
As part of Indonesia’s strategic natural resources,
oil and gas play a critical role in adding value to the nation’s economic growth. As such, appropriate management of Indonesia’s oil and gas industry is expected to deliver optimal benefits for the state and the well-being of its people. In achieving this purpose, SKK Migas has developed comprehensive strategic plans, which will be evaluated on a yearly basis to adjust for the changing dynamics of the industry’s operational activities. This long term strategy for Indonesia Oil and Gas 4.0, henceforth IOG 4.0, has been developed as a long-term strategic plan.
Indonesia Oil and Gas 4.0
is designed by SKK Migas as a strategic plan to achieve the Indonesian oil and gas industry’s ambition in the next ten years; to turn potential into results to achieve level of best production that is achieving the production targets of 1 million BOPD and 12 BSCFD, to ensure sustainable environment, and to support national capabilities. In order to achieve those ambitions, there are five transformation aspects that must be emphasized; clear vision, smart organization, one door policy, commercialization, and digitalization.
Covid-19 pandemic in 2020
has impacted and halted so many opportunities in the upstream oil and gas industry in Indonesia to connect and develop further. However, there is no time better than now to reconnect and maintain connections and cooperation between the government, PSC companies, investors, stakeholders, as well as the general public. Connectivity, new ideas, and networking are the things needed by the upstream oil and gas industry to thrive and survive.
The 2020 International Convention on Indonesian Upstream Oil and Gas
is the first and biggest virtual international convention held by SKK Migas, specifically designed for the upstream oil and gas industry. The convention exists not only to bring the community together, but also to build new connections, generate new opportunities, establish new partnerships; and most importantly, work together in accelerating the progress towards the targets of 1 million BOPD and 12 BSCFD, ensuring sustainable environment, and supporting national capabilities.
Introducing the latest Indonesian upstream oil and gas industry’s long-term planning strategy, the 2020 International Convention on Indonesian Upstream Oil and Gas will enlighten investors, business leaders, and stakeholders all over the world on Indonesia’s massive potentials ready to be unlocked.
Advocating efficiency in the pandemic era, this event is an assembly of multiple national forums being held as one. The 2020 International Convention on Indonesian Upstream Oil and Gas will involve national and international high level officials, decision makers, CEOs, key opinion leaders in keynote, panels, and also breakout sessions
DAY 1, Dec 2, 2020
Opening Session
Keynote Speech:
The President of the Republic of IndonesiaMinister of Energy and Mineral Resources Minister of Finance
Panel Discussion:
Commission VII of the Parliament of the Republic of IndonesiaHead of Fiscal Policy Agency, Ministry of Finance
Director General of Oil and Gas, Ministry of EMR
Indonesian Investment Coordinating Board
CEO Forum
Concurrent Forum (7 Forums)
Launching Stimulus
DAY 2, Dec 3, 2020
Concurrent Forum (7 Forums)
IOG 4.0 Day – International Keynote
Panel Discussion
Breakout
DAY 3, Dec 4, 2020
IOG 4.0 Day – International Keynote, Panel Discussion
CEO Forum
Awarding
Commercial Signing
Closing Session
KEYNOTE SPEAKERS
The President of the Republic of Indonesia
Minister of Energy and Mineral Resources of the Republic of Indonesia
Minister of Finance of the Republic of Indonesia
Executive Director of International Energy Agency
World Bank Chief Economist
Director of United Kingdom Oil and Gas Authority
Norway Ministry of Petroleum & Energy
PANELIST
Head of Fiscal Policy Agency, Ministry of Finance of the Republic of Indonesia
Director General of Oil and Gas, Ministry of Energy and Mineral Resources of the Republic of Indonesia
Commission VII of the Parliament of the Republic of Indonesia
Indonesia Investment Coordinating Board
Governor of East Java
Advisors, Senior Partners, Managing Director of Boston Consulting Group
CEOs and Directors of Production Sharing Contract Contractors
Senior leader in services (Baker Hughes, Schlumberger, Halliburton)
Experts/Specialist at SKK Migas
Experts/Specialist at Ministry of EMR
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