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Monday, November 25, 2024

Home Business New oil, gas deposits found in Natuna: SKK Migas

New oil, gas deposits found in Natuna: SKK Migas

by News desk
February 13, 2022
in Business

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Kuwaiti oil exploration company KUFPEC Indonesia has found new oil and gas deposits in the waters off Natuna coast in Riau Islands, the Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) has informed.

The discovery of new deposits suggests that Indonesia’s oil and gas potential can still attract foreign investors, SKK Migas deputy head for planning, Benny Lubiantara, said in a statement accessed from Jakarta.

KUFPEC has signed a contract with SKK Migas to conduct oil and gas exploration, he added. Lubiantara expressed the hope that the discovery of oil and gas deposits will encourage international oil companies to invest in Indonesia. —Antara News