10-11 Mar, 2009 - Jakarta, INDONESIA
Hotel Mulia Senayan
Hotel Mulia Senayan
Source: Tempo Photos
Dr. Ing. Evita H. Legowo, who will provide the keynote address at the 2nd CBM World forum on 10-11 March 2009, said in an interview with the Jakarta Post, that “We want to attract more investment in the [Coal Bed Methane] sector.”
Dr. Evita, the Director General Oil & Gas at Indonesia’s Energy Ministry had just announced that the Indonesian government is now looking into implementing further incentives for companies that develop CBM projects in the country, all in a drive to attract more investment into the sector.
The incentive scheme being explored will include a tax facility system in which every oil and gas activity in the country is exempted from import duties for exploration equipment, and value-added tax.
CBM projects in Indonesia enjoy a relatively better production split oil and gas projects. CBM operators' profit share is 45 percent - much higher than the 15 percent and 30 percent that oil operators and gas operators get respectively.
Under its blueprint for the development of CBM, the government is targeting production of 1 billion standard cubic feet per day, or about 0.18 million barrels of oil equivalent, by 2025.
Gas production from CBM is expected to help Indonesia boost its declining gas output as Indonesia has the world's second largest CBM reserves after China, with total potential reserves of 453 trillion cubic feet.
Be at 2nd CBM World, on 10-11 March 2009 in Jakarta for further insights fromDr. Ing. Evita H. Legowo, PWHC, and other key players in Indonesia’s CBM sector, all of whom will provide insightful views on future direction and upcoming opportunities in the sector.
