Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fitri Novia Heriani, Andin Aditya Rahman
Fifteen years after the 1998 Reformasi movement, the oil and gas sector has not seen notable developments. For example, the current amount of oil and gas lifting barely reach 900 thousand barrels per day, and the never ending subsidized fuel issue, which continuously drain the State Budget.
During a talk show in Jakarta, Thursday (23/5), Darmawan Prasodjo, energy and environmental pundit, asserted that the decline on oil and gas sector is a result from mismanagement in the oil and gas sector, which must be immediately changed.
He continued that the Government must dare itself to get out of the current system for the oil and gas industry, which undermines its development. In turn, it affects the development of Pertamina, the only state-owned oil and gas company.
M. Hakim Nasution, legal practitioner, similarly criticized the capital management strategy implemented by the Government for the oil and gas sector.
Under the current management scheme, only 10 percent of Pertamina’s profits are invested back into Pertamina, while the rest of it goes into the State Budget.
This results in an insufficient capital expenditure within Pertamina, limiting its space to respond to the dynamics and opportunities of the oil and gas market.
“The Indonesian oil and gas industry has reached unacceptable condition, and its management must be improved,” stated Darmawan in the same talk show.
Darmawan suggested that the Government implement the growth oriented strategy, which is proven to be successful for foreign oil and gas companies in Indonesia.
As a comparison, Petronas gained a total profit of IDR 160 trillion in 2012, compared to Pertamina’s achievement of only IDR 24 trillion, in which only 10 percent is invested back into Pertamina.
“Indonesia does not have a clear oil and gas management plan and strategy,” asserted Darmawan.
On the other hand, Faisal Basri, economic expert, stated that the picture-bad oil and gas management in Indonesia is inherited from the New Order period.
“Our oil and gas industry is like this because the New Order’s legacy is still there,” he concluded.
(hot/ds)
Fitri Novia Heriani, Andin Aditya Rahman
Fifteen years after the 1998 Reformasi movement, the oil and gas sector has not seen notable developments. For example, the current amount of oil and gas lifting barely reach 900 thousand barrels per day, and the never ending subsidized fuel issue, which continuously drain the State Budget.
During a talk show in Jakarta, Thursday (23/5), Darmawan Prasodjo, energy and environmental pundit, asserted that the decline on oil and gas sector is a result from mismanagement in the oil and gas sector, which must be immediately changed.
He continued that the Government must dare itself to get out of the current system for the oil and gas industry, which undermines its development. In turn, it affects the development of Pertamina, the only state-owned oil and gas company.
M. Hakim Nasution, legal practitioner, similarly criticized the capital management strategy implemented by the Government for the oil and gas sector.
Under the current management scheme, only 10 percent of Pertamina’s profits are invested back into Pertamina, while the rest of it goes into the State Budget.
This results in an insufficient capital expenditure within Pertamina, limiting its space to respond to the dynamics and opportunities of the oil and gas market.
“The Indonesian oil and gas industry has reached unacceptable condition, and its management must be improved,” stated Darmawan in the same talk show.
Darmawan suggested that the Government implement the growth oriented strategy, which is proven to be successful for foreign oil and gas companies in Indonesia.
As a comparison, Petronas gained a total profit of IDR 160 trillion in 2012, compared to Pertamina’s achievement of only IDR 24 trillion, in which only 10 percent is invested back into Pertamina.
“Indonesia does not have a clear oil and gas management plan and strategy,” asserted Darmawan.
On the other hand, Faisal Basri, economic expert, stated that the picture-bad oil and gas management in Indonesia is inherited from the New Order period.
“Our oil and gas industry is like this because the New Order’s legacy is still there,” he concluded.
(hot/ds)