Indonesia, PNG join forces in oil & gas

PNG gasIndonesia 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.

 



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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...

PNG gasIndonesia 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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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