Indonesia, PNG join forces in oil & gas
Indonesia and Papua New Guinea are to set up joint operations to explore oil and gas reserves in border areas of New Guinea island.
According to Indonesian Energy and Mineral Resources Minister Jero Wacik, the border region between the two nations possessed “a huge amount of unexplored oil and gas reserves,” adding that is would be “easier easier to jointly explore these untapped resources.”
The minister said both countries plan to improve much-needed infrastructure in border areas to support the partnership. The Indonesian province of Papua shares a 613-kilometer border with Papua New Guinea.
Karen Agustiawan, chief executive of Indonesian state-owned oil and gas firm PT Pertamina, said the company was interested in joint studies with PNG’s national oil company.
Indonesia and Papua New Guinea are to set up joint operations to explore oil and gas reserves in border areas of New Guinea island. According to Indonesian Energy and Mineral Resources Minister Jero Wacik, the border region between the two nations possessed "a huge amount of unexplored oil and gas reserves," adding that is would be "easier easier to jointly explore these untapped resources." The minister said both countries plan to improve much-needed infrastructure in border areas to support the partnership. The Indonesian province of Papua shares a 613-kilometer border with Papua New Guinea. Karen Agustiawan, chief executive of Indonesian...
Indonesia and Papua New Guinea are to set up joint operations to explore oil and gas reserves in border areas of New Guinea island.
According to Indonesian Energy and Mineral Resources Minister Jero Wacik, the border region between the two nations possessed “a huge amount of unexplored oil and gas reserves,” adding that is would be “easier easier to jointly explore these untapped resources.”
The minister said both countries plan to improve much-needed infrastructure in border areas to support the partnership. The Indonesian province of Papua shares a 613-kilometer border with Papua New Guinea.
Karen Agustiawan, chief executive of Indonesian state-owned oil and gas firm PT Pertamina, said the company was interested in joint studies with PNG’s national oil company.
