Opportunities in Indonesia's Upstream, Oil, Natural Gas, CBM, Downstream Petroleum at 3rd IndoOGP

March 7, 2010 - PRLog -- Indonesia's energy policy-makers are now facing the reality of the nation's steady decline in crude production, and putting the archipelago's oil production on the road to recovery remains the key priority among Indonesia's political elite. This is evident, by statements made by Dr. Ing. Evita Legowo, Director General of Oil & Gas at Indonesia's Ministry of Energy & Mineral Resources (MEMR), who said in a recent interview with Reuters that that Indonesia could rejoin OPEC if its oil production were to exceed consumption again.

The 3rd annual IndoOGP summit organized by CMT will meet in Jakarta on 14-15 April at the Crowne Plaza to present the latest policy updates and information on Indonesia's plans for its energy industry.  3rd IndoOGP is the meeting place for key executives seeking opportunities to realize and optimize their upcoming as well as existing business ventures in Indonesia's energy sector.

3rd IndoOGP will offer insights on the direction of upstream E&P regulations, as Ir. A Edy Hermantoro, Director of Oil & Gas Upstream Business Development at MEMR is slated to announce the fiscal policies to support investments in upstream oil and gas, including coalbed methane (CBM) development.  The controversial cost recovery issue, which the government is now looking into repealing, and attributing it to falling oil and gas investment in the region, will also be discussed at the conference.

The conference will also look into downstream sector, with discussions centering on JV opportunities, government policies on pricing, distribution and other incentives, and on increasing Indonesia's refining capabilities to meet domestic petroleum demand. Also on the agenda are sessions by Medco E&P on Indonesia's domestic gas markets and distribution (Natural Gas vs. LNG), insights from BPHMigas on subsidized fuel & gas, and Pertamina on kerosene-to-LPG conversion, pricing, demand and opportunities.

There is also a key panel discussion on "Strategies in Funding Energy Projects" in Indonesia, addressing specific financing constraints and opportunities arising with the economic recovery. The panel also discusses different criteria of financing from local banks, foreign banks and Islamic banks, as well as the role of development banks and private equity in boosting the financing sector for oil and gas projects. The panel will include representatives from Credit Suisse, International Finance Corporation, PrimePartners Corporate Finance and Sumitomo Mitsui Banking Corporation.

3rd IndoOGP will create a networking platform for government officials, major players in the oil and gas markets, as well as various entities in the vast supply chain of the energy sector.  

3rd IndoOGP is now welcoming registrations from upstream, oil, gas, downstream petroleum and coalbed methane industries in Indonesia and around the world. For enquiries please contact Ms. Fu Huiyan at  65 6346 9113 or email to huiyan@cmtsp.com.sg.