1.1 We are committed to safeguarding the privacy of our website visitors; this policy sets out how we will treat your personal information.
1.2 By using our website and agreeing to this policy, you consent to our use of cookies in accordance with the terms of this policy.
Collecting personal information
2.1 We may collect, store and use the following kinds of personal information:
(a) information about your computer and about your visits to and use of this website (including your IP address, geographical location, browser type and version, operating system, referral source, length of visit, page views and website navigation paths);
(b) information that you provide to us when registering with our website (including your email address)
(c) information that you provide when completing your profile on our website (including your name, user name, country/region, employment details, password);
(d) information that you provide to us for the purpose of subscribing to our email notifications and/or newsletters (including your name and email address);
(e) information that you provide to us when using the services on our website, or that is generated in the course of the use of those services (including the timing, frequency and pattern of service use;
(f) information relating to any purchases you make of our goods / services / goods and/or services or any other transactions that you enter into through our website (including your name, address, telephone number, email address and card details;
(g) information that you post to our website for publication on the internet (including your user name, your profile pictures and the content of your posts);
(h) information contained in or relating to any communications that you send to us or send through our website (including the communication content and meta data associated with the communication);
(i) any other personal information that you choose to send to us; and
2.2 Before you disclose to us the personal information of another person, you must obtain that person's consent to both the disclosure and the processing of that personal information in accordance with the terms of this policy.
Using your personal information
3.1 Personal information submitted to us through our website will be used for the purposes specified in this policy or on the relevant pages of the website.
3.2 We may use your personal information to:
(a) administer our website and business;
(b) personalise our website for you;
(c) enable your use of the services available on our website;
(d) send you goods purchased through our website;
(e) supply to you services purchased through our website;
(f) send statements, invoices and payment reminders to you, and collect payments from you;
(g) send you non-marketing commercial communications;
(h) send you email notifications that you have specifically requested;
(i) send you our email newsletter, if you have requested it (you can inform us at any time if you no longer require the newsletter);
(j) send you marketing communications relating to our business or the businesses of carefully-selected third parties which we think may be of interest to you, by post or, where you have specifically agreed to this, by email or similar technology (you can inform us at any time if you no longer require marketing communications);
(k) provide third parties with statistical information about our users (but those third parties will not be able to identify any individual user from that information);
(l) deal with enquiries and complaints made by or about you relating to our website;
(m) keep our website secure and prevent fraud;
(n) verify compliance with the terms and conditions governing the use of our website (including monitoring private messages sent through our website private messaging service);
3.3 If you submit personal information for publication on our website, we will publish and otherwise use that information in accordance with the licence you grant to us.
3.4 Your privacy settings can be used to limit the publication of your information on our website, and can be adjusted using privacy controls on the website.
3.5 We will not, without your express consent, supply your personal information to any third party for the purpose of their or any other third party's direct marketing.
3.6 All our website financial transactions are handled through our payment services provider, Paypal. You can review the provider's privacy policy at https://www.paypal.com/gr/webapps/mpp/ua/privacy-full. We will share information with our payment services provider only to the extent necessary for the purposes of processing payments you make via our website, refunding such payments and dealing with complaints and queries relating to such payments and refunds.
Disclosing personal information
4.1 We may disclose your personal information to any of our employees, officers, insurers, professional advisers, agents, suppliers or subcontractors insofar as reasonably necessary for the purposes set out in this policy.
4.2 We may disclose your personal information to any member of our group of companies (this means our subsidiaries, our ultimate holding company and all its subsidiaries) insofar as reasonably necessary for the purposes set out in this policy.
4.3 We may disclose your personal information:
(a) to the extent that we are required to do so by law;
(b) in connection with any ongoing or prospective legal proceedings;
(c) in order to establish, exercise or defend our legal rights (including providing information to others for the purposes of fraud prevention and reducing credit risk);
(d) to the purchaser (or prospective purchaser) of any business or asset that we are (or are contemplating) selling; and
(e) to any person who we reasonably believe may apply to a court or other competent authority for disclosure of that personal information where, in our reasonable opinion, such court or authority would be reasonably likely to order disclosure of that personal information.
4.4 Except as provided in this policy, we will not provide your personal information to third parties.
International data transfers
5.1 Information that we collect may be stored and processed in and transferred between any of the countries in which we operate in order to enable us to use the information in accordance with this policy.
5.2 Information that we collect may be transferred to the following countries which do not have data protection laws equivalent to those in force in the European Economic Area: the United States of America, Russia, Japan, China and India.
5.3 Personal information that you publish on our website or submit for publication on our website may be available, via the internet, around the world. We cannot prevent the use or misuse of such information by others.
5.4 You expressly agree to the transfers of personal information described in this Section 5.
Retaining personal information
6.1 This Section 6 sets out our data retention policies and procedure, which are designed to help ensure that we comply with our legal obligations in relation to the retention and deletion of personal information.
6.2 Personal information that we process for any purpose or purposes shall not be kept for longer than is necessary for that purpose or those purposes.
6.3 Notwithstanding the other provisions of this Section 6, we will retain documents (including electronic documents) containing personal data:
(a) to the extent that we are required to do so by law;
(b) if we believe that the documents may be relevant to any ongoing or prospective legal proceedings; and
(c) in order to establish, exercise or defend our legal rights (including providing information to others for the purposes of fraud prevention and reducing credit risk).
Security of your personal information
7.1 We will take reasonable technical and organisational precautions to prevent the loss, misuse or alteration of your personal information.
7.2 We will store all the personal information you provide on our secure (password- and firewall-protected) servers.
7.3 All electronic financial transactions entered into through our website will be protected by encryption technology.
7.4 You acknowledge that the transmission of information over the internet is inherently insecure, and we cannot guarantee the security of data sent over the internet.
7.5 You are responsible for keeping the password you use for accessing our website confidential; we will not ask you for your password (except when you log in to our website).
Amendments
8.1 We may update this policy from time to time by publishing a new version on our website.
8.2 You should check this page occasionally to ensure you are happy with any changes to this policy.
8.3 We may notify you of changes to this policy [by email or through the private messaging system on our website.
Your rights
9.1 You may instruct us to provide you with any personal information we hold about you; provision of such information will be subject to:
(a) the payment of a fee (currently fixed at GBP 10); and
(b) the supply of appropriate evidence of your identity (for this purpose, we will usually accept a photocopy of your passport certified by a solicitor or bank plus an original copy of a utility bill showing your current address).
9.2 We may withhold personal information that you request to the extent permitted by law.
9.3 You may instruct us at any time not to process your personal information for marketing purposes.
9.4 In practice, you will usually either expressly agree in advance to our use of your personal information for marketing purposes, or we will provide you with an opportunity to opt out of the use of your personal information for marketing purposes.
Third party websites
10.1 Our website includes hyperlinks to, and details of, third party websites.
10.2 We have no control over, and are not responsible for, the privacy policies and practices of third parties.
Updating information
11.1 Please let us know if the personal information that we hold about you needs to be corrected or updated.
Part 2: Cookies
About cookies
1.1 A cookie is a file containing an identifier (a string of letters and numbers) that is sent by a web server to a web browser and is stored by the browser. The identifier is then sent back to the server each time the browser requests a page from the server.
1.2 Cookies may be either "persistent" cookies or "session" cookies: a persistent cookie will be stored by a web browser and will remain valid until its set expiry date, unless deleted by the user before the expiry date; a session cookie, on the other hand, will expire at the end of the user session, when the web browser is closed.
1.3 Cookies do not typically contain any information that personally identifies a user, but personal information that we store about you may be linked to the information stored in and obtained from cookies.
1.4 Cookies can be used by web servers to identity and track users as they navigate different pages on a website and identify users returning to a website.
Our cookies
2.1 We use only both session and persistent cookies on our website.
2.2 The names of the cookies that we use on our website, and the purposes for which they are used, are set out below:
(a) we use session cookie on our website to recognise a computer when a user visits the website and track users as they navigate the website;
(b) we use secure cookie on our website to prevent fraud and improve the security of the website;
(c) Persistent cookies will be stored by a web browser and will remain valid until its set expiry date, unless deleted by the user before the expiry date;
Analytics cookies
3.1 We use Google Analytics to analyse the use of our website.
3.2 Our analytics service provider generates statistical and other information about website use by means of cookies.
3.3 The analytics cookies used by our website have the following names: _utma, _utmt, _utmb, _utmc, _utmv and _utmz
3.4 The information generated relating to our website is used to create reports about the use of our website.
3.5 Our analytics service provider's privacy policy is available at: http://www.google.com/policies/privacy/.
Third party cookies
4.1 Our website also uses third party cookies.
Blocking cookies
5.1 Most browsers allow you to refuse to accept cookies; for example:
(a) in Internet Explorer (version 10) you can block cookies using the cookie handling override settings available by clicking "Tools", "Internet Options", "Privacy" and then "Advanced";
(b) in Firefox (version 24) you can block all cookies by clicking "Tools", "Options", "Privacy", selecting "Use custom settings for history" from the drop-down menu, and unticking "Accept cookies from sites"; and
(c) in Chrome (version 29), you can block all cookies by accessing the "Customise and control" menu, and clicking "Settings", "Show advanced settings" and "Content settings", and then selecting "Block sites from setting any data" under the "Cookies" heading.
5.2 Blocking all cookies will have a negative impact upon the usability of many websites.
5.3 If you block cookies, you will not be able to use all the features on our website.
Deleting cookies
6.1 You can delete cookies already stored on your computer; for example:
(a) in Internet Explorer (version 10), you must manually delete cookie files (you can find instructions for doing so at http://support.microsoft.com/kb/278835);
(b) in Firefox (version 24), you can delete cookies by clicking "Tools", "Options" and "Privacy", then selecting "Use custom settings for history", clicking "Show Cookies", and then clicking "Remove All Cookies"; and
(c) in Chrome (version 29), you can delete all cookies by accessing the "Customise and control" menu, and clicking "Settings", "Show advanced settings" and "Clear browsing data", and then selecting "Delete cookies and other site and plug-in data" before clicking "Clear browsing data".
6.2 Deleting cookies will have a negative impact on the usability of many websites.
Cookie preferences
7.1 You can manage your preferences relating to the use of cookies on our website by visiting: controls below
Part 3: Our details
Data protection registration
1.1 We are registered as a data controller with the UK Information Commissioner's Office.
Our details
2.1 This website is owned and operated by Focus Reports Ltd.
2.2 We are registered in England and Wales under registration number 7676770, and our registered office is at Lynton House, 7-12 Tavistock Square, London WC1H 9LT, United Kingdom.
2.3 You can contact us by writing to the business address given above, by using our website contact form or by telephone on +441707828754.
with Evita Legowo, Director General of Oil and Gas, Ministry of Energy & Mineral Resources Indonesia
08.03.2012 / Energyboardroom
In 2011 investment in Indonesia’s oil and gas industry was up 7% and you have predicted that it will reach over $18 billion in 2012. What do you see as the major opportunities drawing investment into Indonesia’s oil and gas industry?
The main investment opportunities are connected with the upstream side of the oil and gas sector and the government is now very keen to sign new PSCs with industry. In fact, my target for 2012 is to sign a further 30 upstream contracts for oil and gas and a minimum of 15 for unconventional gas, especially coal bed methane (CBM). It is an exciting time for the CBM industry in Indonesia and since 2008 Indonesia has already secured 39 CBM contracts with 19 of these being signed in 2011.
By signing these contracts, companies are making a commitment to invest in exploration studies in Indonesia. The government hopes that within 3 years these exploration activities should bear fruit, revealing new highly prospective reserves. A further 3-4 years will then be required to develop these reserves. Given such timeframes, the government is aiming to attract a lot of upstream investment in Indonesia this year.
Oil and gas companies should note that there are currently three major paradigm shifts occurring in Indonesia’s oil and gas industry which present new opportunities. The first is the movement of production from the West, where most of Indonesia’s traditional oil and gas deposits lie, to the East, which is a highly prospective region for future production. The second paradigm shift is the movement of production from onshore to offshore deposits and even deep-water E&P operations. The third paradigm is the shift from oil production to gas production.
Regarding the first shift, a lot of exploration is needed in the Eastern parts of Indonesia to prove the region’s potential, especially with regard to gas deposits. Already, in West Papua there has been one major discovery of gas which is very promising.
Our initial seismic analysis has revealed many conventional gas deposits in the East of Indonesia. However, Indonesia is also developing unconventional resources, especially CBM and there has just been a ministerial decree establishing the legal framework for shale gas production. Shale gas has even more potential than CBM and CBM reserves are already larger than those of conventional gas. Therefore the potential to develop gas in Indonesia is huge.
What will these unconventional resources end up representing within Indonesia’s overall energy matrix?
Shale gas is still at an early stage of development and will require a few more years. However, it is currently a very good time for the development of CBM. In 2011 CBM already started producing electricity for Indonesia and we aim to expand this in the future. The gas pressure for CBM is less than that of conventional gas but this means that it can produce over a longer stretch of time. CBM is therefore the best gas for Indonesia’s future power supplies and it tallies with Indonesia’s present political strategy of using energy in an efficient and sustainable way. We hope that when shale gas is developed, it can continue along the same lines.
With these new gas developments taking centre-stage, what potential is left in Indonesia’s oil reserves?
Although Indonesia is shifting its production paradigms, there are still very large oil deposits in the Western part of Indonesia. The technology used up until now has only produced around 40% of the oil reserves. So far Chevron in central Sumatra has used enhanced oil recovery (EOR) technologies to their full extent and Pertamina just started to use this technology also. With the oil price standing at over $90 per barrel the potential to apply these technologies to all the remaining fields is huge – 60% of Indonesia’s oil is still in the ground. All that is required now is investment in EOR technology. The government is pushing Pertamina to produce oil using these methods in view of its large mature onshore field portfolio.
How do you create a good investment climate for the use of these technologies?
The first step in creating a good investment climate is providing adequate data about potential deposits. This is especially true in the case of regular tenders because the oil industry has 3 important characteristics: high-cost, high-risk, high-tech. These three factors all mean that oil companies are cautious by nature when investing in projects and this hesitancy can be alleviated if good data is already provided.
Another factor which we need to work on is a better regulatory environment. My contacts in the industry affirm that the most important thing to maintain in Indonesia is stable regulation and the sanctity of contracts. There should also be a good relationship between central and regional government with the latter understanding and supporting the oil and gas industry and national policy. The government is aiming to tackle these issues in 2012.
Indonesia’s profile was historically connected with energy exports. What is the future of energy in Indonesia?
There are three different perspectives: short-term, mid-term and long-term. In the short term Indonesia must guarantee its energy security and provide for its own needs. The fastest way to achieve this is to switch the domestic market from oil to gas consumption.
The government’s mid-term objective is that by 2025 the domestic market will have security of supply for oil, gas and oil products. The greatest challenge is to overcome Indonesia’s dependence on oil products which currently constitute 1/3 of domestic consumption. Importing crude oil is not so problematic especially in cases where Indonesia does not have the required crude type. For example, the lubricating oil produced in the Cilacap refinery requires crude with high sulfur content and most of Indonesia’s crude oil is sweet crude with limited levels of sulfur. In this instance it is acceptable to import crude oil. The main concern is therefore overcoming the deficit in oil products and Indonesia must build new refineries so that we can fulfill our domestic needs.
The long-term objective is a completely new attitude towards alternative energies within the population. Currently the population is even resistant to using gas and therefore the mind-set of the Indonesian population needs to change. The government needs to prepare the population to adopt other energy resources including unconventional gas. Ultimately, it is about creating a sustainable energy culture.
One aspect which still concerns me is that Indonesians do not yet utilize energy in an efficient fashion. Indonesia’s energy intensity is still above 1 and the target by 2025 is that this figure falls to less than 1. The government is trying to implement a program of converting from kerosene to LPG use in the household and we also started to supply gas to households, especially for villages situated near gas sources. However, the main change must come in the mind-set of the population.
What is your final message to the readers of Oil and Gas Financial Journal?
I invite investors to come to Indonesia as there is still a very large potential in the country’s energy reserves, especially regarding unconventional gas deposits.
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