2024 Presidential Candidate Challenged to Produce 1 Million Barrels of Oil/Day News – 28 minutes ago

Jakarta, CNBC Indonesia – Indonesia will soon hold a grand five-yearly democratic party for the 2024 President and Vice President election. A number of figures who are predicted to become Presidential Candidates (Capres) and Vice Presidential Candidates (Cawapres) have also begun to emerge.

There are at least three presidential and vice presidential candidates in the upcoming 2024 elections. The three are the couple Anies Baswedan and Muhaimin Iskandar, the couple Ganjar Pranowo and Mohammad Mahfud Md, and the couple Prabowo Subianto and Gibran Rakabuming Raka.

So, what kind of leader does Indonesia actually need to face the challenges of this increasingly complex era? Especially to overcome problems in the energy sector.

Chairman of the Indonesian Mining & Energy Forum (IMEF), Singgih Widagdo, said that the new public will be able to see and assess how intelligent each candidate is in processing words and ideas in the debate room. He also highlighted the challenges that leaders will face in the future to resolve problems in the energy sector.

According to him, there are two areas with different challenges between the utilization of the oil and natural gas (oil and gas) and mineral and coal (minerba) sectors in Indonesia.

In the oil and gas sector, for example, the challenge of producing oil and gas amidst the commitment to the energy transition towards Net Zero Emissions 2060 is a big job for the President and Vice President.

“Whoever is elected. The direction to realize the target of 1 million barrels per day and 12 BSCFD Gas in 2030, is a challenge in the oil and gas sector in maintaining energy security,” said Singgih to CNBC IndonesiaThursday (26/10/2023).

Currently, Indonesia’s oil production or lifting capacity per day is only around 615,000 barrels, certainly far from the target of 1 million barrels per day.

This target must also be accompanied by four jobs that must be done. First, boost exploration activities to find new reserves to increase production. Second, maintaining economic value in every activity in the oil and gas sector.

Third, it must be able to strengthen activities for the benefit multiplier effect (engine of economic growth). Fourth, how to maintain every oil and gas activity while still paying attention to the environment, especially continuing to protect it low carbon initiatives.

“The focus regarding these four agendas, however, touches on financial and technological aspects, especially policy backup which could reach the level of the President-elect,” he said.

Meanwhile, in the mineral and coal sector, Singgih sees the need to resolve various legal problems in this sector. This is because the mineral and coal sector itself actually has many intersections with other ministries, such as the forestry ministry.

Singgih also hopes that the downstream program that President Joko Widodo’s government is currently continuing to intensify can be realized by placing very specific types of each mineral.

The Ministry of Industry together with the Ministry of Energy and Mineral Resources must also be able to map the needs map for each downstream product for the benefit of domestic industry. The calculations and direction of smelter development must be clearly mapped out, so that investors can calculate in advance the business potential that exists in the mineral and coal sector.

“It must be admitted, it is possible that DEN will soon propose a draft Government Regulation regarding National Energy Policy. And the results of this PP, especially the changes and implementation of the General National Energy Plan (RUEN), will actually be a big job for the President/Vice President-elect,” he said.

Singgih admits that giving the workload in the oil and gas and mineral and coal sector to the elected President and Vice President is quite heavy, especially since it contains many technical aspects.

Considering that the Government is entrusted with managing state assets, whoever is elected President must have a broad framework for the problems inherent in these two sectors.

“Not only in terms of energy security, considering that this sector is still able to make a large contribution to the country’s foreign exchange, especially employment. Also most importantly, after the President is elected, the people must actively encourage, monitor and provide suggestions so that policies are in the interests of the Government and investors themselves. can run well,” he concluded.

[Gambas:Video CNBC]

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