- Pertamina
VIVAnews – Executive Agency for Upstream Oil & Gas (BP Migas) said upstream oil and gas industry has just lost US$1.24 billion worth of investment caused by dry holes within the past 2 years.
This shows the high risks involved in upstream oil and gas business.
The agency also recorded that in 2010, there were 30 dry hole wells discovered which led to an investment loss of US$776 million. Meanwhile, in 2011, 20 dry hole wells were uncovered. This led to a total loss of US$461 million.
Head of BP Migas, R Priyono, said all investments must be fully covered by investors, for the government will only pay cost recovery when the Oil & Gas fields are in production stage.
“The high risk during the exploration caused many investors to back out. If they’re unsuccessful, then they could loss their investments. This is why we are still in desperate need of foreign investment,” said Priyono today, Thursday, Feb 2.
Priyono made an example of the dry hole in Semai 2 Block in Papua. PT Pertamina once launched a protest when a private contractor was selected as the block’s operator several years ago. However, it now proves the exploration in the area ended fruitlessly.
“We can imagine if Pertamina was the operator of Semai 2, then Pertamina would have lost US$ 200 million in 6 months,” said Priyono.
Siswa SMP Dibacok dan Dibegal Saat Pulang Sekolah Sendirian
Seorang siswa SMP di Depok, Jawa Barat, menjadi korban begal. Korban dibacok di bagian punggung hingga luka sobek parah. Korban langsung dilarikan ke rumah sakit untuk me
