Release: IPA to hold convention in May on ?Indonesia Energy: Growth, Security and Sustainability?
Wednesday, April 6 2011 - 06:29 AM WIB
?The theme is very relevant to Indonesia today: its remarkable economic growth, maturity of its producing oil fields, the focus of exploration on the abundant-but-unproven reserves at the frontier areas and the increasing efforts to unlock its unconventional gas,? said IPA President Ron Aston.
A major producer of hydrocarbons for many years, Indonesia still has significant untapped potential reserves of oil & gas. According to 2010 data from the Ministry of Energy and Mineral Resources, Indonesia has proven and potential crude oil reserves of 7.8 trillion barrels (combined). Meanwhile, proven and potential gas reserves stood at 157.1 trillion cubic feet (combined). The country?s emerging economy generates escalating domestic demand on energy whilst at the same time Indonesia needs to continue leveraging oil & gas exports as a source of export revenue.
?The upcoming 35th IPA Convention and Exhibition is aimed at collaborating with the government to formulate the best solutions needed to resolve these challenges,? Aston said.
The IPA annual Convention and Exhibition is the most anticipated event in Indonesia?s oil & gas industry. Domestic and multinational companies will have chances to identify and participate in oil & gas business opportunities in Indonesia. The event will be a platform for business networking, exchange of market intelligence and knowledge in the industry as well as showcasing the latest technology available to the industry.
For over 30 years, the event has brought together senior government officials, lawmakers, industry leaders, analysts and practitioners for a forum of transparent dialogue, information exchange and knowledge sharing, to support the government to foster favorable investment conditions in the oil & gas industry,? Aston added.
The IPA is an open forum for all related stakeholders in the oil & gas industry to exchange knowledge and ideas as well as to have a dialogue on the current issues the industry is facing, and how to address the challenges. Moreover, IPA also fosters education and knowledge transfer within the industry and community.
The 35th IPA Convention and Exhibition will be the largest in its 34 years history and will feature more than 150 companies exhibiting in almost 4,000 square meters showcasing the latest technology and innovations in the oil and gas industry. In addition, the IPA event will include a new feature called the Energy Edutainment Corner, an edutainment facility for visitors, including high school and college students, to better understand the journey of Indonesia?s oil and gas industry.
-end of release-
About the IPA
? Indonesian Petroleum Association (IPA) is a non-profit organization co-founded on March 24, 1971 by 23 leaders/representatives of oil & gas companies operating in Indonesia.
? IPA is a forum for its members to review and discuss issues, develop new ideas, establish relationships and cooperation with counterpart organizations overseas. It is also a forum to develop the oil & gas industry in Indonesia and to provide job opportunities for qualified professionals in the industry.
? IPA currently has 52 company members consisting of national and multinational oil & gas companies engaged in exploration, production and services.
About the IPA Convention and Exhibition
o Indonesia's premier event for the oil and gas industry that aims to help promote and attract investments into Indonesia
o Open-dialogue forum to address opportunities and challenges faced by the oil and gas industry and come up with the best solutions
o Foster education and knowledge transfer through interaction among participants, scientists, engineers, government officials, academics, and other professionals
For further information, please contact:
Meilinawaty
IPA?s communication contact
T: 021-7399928 | E: meilinawaty@cognito.co.id