Jakarta, Indonesia – Wednesday, 26 February 2025
PETROLEUM Minister Hon. Jimmy Maladina met with Indonesia’s Vice Minister for Energy and Mineral Resources, Yuliot Tanjung, the Chairman of SKK Migas, Djoko Siswanto, and the Director General of Oil and Gas, Dr. Lng. Tri Winarno, to advance cooperation in the petroleum sector.
The leaders met in Indonesia to assess the broader Production Sharing Contract (PSC) frameworks and related investment arrangements.
Discussions focused on regulatory models, infrastructure ownership, and investment security to ensure PNG’s petroleum sector remains competitive and beneficial to the nation.
Both Minister Maladina and Vice Minister Tanjung emphasized the importance of strengthening bilateral collaboration, not only at the government level but also through greater people-to-people interaction, knowledge sharing, and industry partnerships.
To formalize this growing partnership, both countries have agreed to work towards a structured understanding that will facilitate deeper cooperation in resource development, infrastructure, and capacity building.
“Indonesia has developed a robust petroleum sector, and there is much we can learn from their experience,” said Minister Maladina.
“This engagement is a step forward in ensuring PNG adopts best practices while also creating opportunities for strategic partnerships in our energy sector,” he added.
Minister Maladina and Vice Minister Tanjung have both agreed to look at opening collaboration in looking at Petroleum exploration works around the offshore and onshore blocks on the boarders of both countries.
The meeting marks a significant milestone in PNG’s ongoing efforts to refine its petroleum sector policies and frameworks.
Strengthened cooperation with Indonesia will play a key role in shaping PNG’s long-term energy strategy while fostering regional economic ties.
