Indonesia discovers 10 areas with potential oil, gas reserves hinh anh 1Indonesian Deputy Minister of Energy and Mineral Resources Arcandra Tahar (Photo:
Jakarta (VNA) – The Special Task Force for Upstream Oil and Gas Business Activities of Indonesia (SKK Migas) has identified 10 working areas with potential oil and gas reserves.

According to data of SKK Migas, those 10 areas are in North Sumatra, the Centre of Sumatra, South Sumatra, Tarakan, NE Java-Makassar strait, Kutai offshore, Buton offshore, Northern Papua, Bird Body Papua, and Warim Papua.

Indonesian Deputy Minister of Energy and Mineral Resources Arcandra Tahar confirmed that Indonesia has giant oil and gas fields in some regions.

The task force has found natural gas reserves of two trillion cubic feet in South Sumatra’s Sakakemang working area in Musi Banyuasin district. Energy company Repsol held the cooperation contract.

The Indonesian official voiced his hope that it would encourage the spirit of exploration in the country, as there are many basins and plays that have yet to be explored.

The potential of the existing gas basin can be optimised by the application of hard work and new technology, with adjustment in the oil and gas fiscal system policy of Indonesia, he added.

The Indonesian government will also ease the process of offering oil and gas working area to investors. Data on registered basins will be opened for analysis.-VNA