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Will scrapping Oil & Gas Cost recovery revive Indonesian Oil & Gas sector in 2010?

Dear [name],

Evita Legowo, the Director-General for Oil and Gas at Indonesia’s Ministry of Energy, Minerals & Resources (MEMR) recently announced the government’s plans to scrap curbs on their cost recovery scheme in order to support flagging investment. What are the Indonesian Government’s plans for the industry? This is a key question the 3rd Indo OGP conference on 14-15 April 2010 in Jakarta will address.

The Indonesian government is now attributing the fall in oil production to the cost recovery cap, and discussions underway with the finance ministry to scrap the cap. It seems that the ministry agrees, and Chief economics minister Hatta Rajasa commented in a recent interview with the Jakarta Post that the policy of capping cost recovery was not appropriate. Rajasa said, "This is not supposed to be capped. We will fix this matter."

At 3rd IndoOGP, you’ll get to hear from Ibu Evita Legowo, and a team of senior officials at MEMR, as well as senior officials from BPMIGAS on key issues including:

• Indonesia’s Oil and Gas Outlook.
• Regulatory framework to attract more investments in upstream Oil & Gas
• Regulatory incentives for Foreign Ventures and Local Co-Ops to expand Indoneisa’s Refining capacity.
• New Regulations for developing Coalbed Methane projects to Meet increasing Power demand

[name], Indonesia has said it will provide new incentives to oil and gas investors, including more favorable tax treatment and a better production split, in order to encourage exploration, but details are still being firmed up.

And that’s why you should attend 3rd Indo OGP, where you’ll get to hear directly from Indonesia’s key policy makers, for a first-hand status update on the upcoming regulatory shifts, and how they will impact your investments in the region.

Don’t miss out on this excellent opportunity to clarify your top concerns with Ibu Evita Legowo and her team, and find out more about upcoming projects, investments and other developments in the Indoneisan Oil & Gas sector.

Confirm your seats at 3rd IndoOGP rightaway, by submitting your registration online.

I look forward to meeting you in Jakarta at the conference!