SKKMigas is the Indonesian upstream oil and gas regulatory. They are responsible for managing the development, planning, capital project budgeting and spending for the entire oil and gas industry in Indonesia. SKKMigas represents the government of Indonesia as the owner and guardian of all the oil and gas assets in Indonesia. All operators work under the regulatory supervision of SKKMigas in Indonesia.
Historically, Indonesia has been challenged with the many difficulties related to regulatory compliance and control where significant capital spending is incurred to establish major critical infrastructure. These challenges include:
SKKMigas decided to address all of the challenges in conjunction with Resource Energy Solutions. Since then, SKKMigas and RES have been working together to vastly improve the following:
The resulting project has been a very high profile for the Indonesian government and has garnered support from the highest levels in the country. This includes transparency mandates from both ministers and the president of Indonesia.