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ESDM Issues Two Regulations to Accelerate Geothermal “Energy Treasure” Development

S.Kalsum August 27, 2025

<article>
    <header>
      <h1>ESDM Issues Two Regulations to Accelerate Geothermal “Energy Treasure” Development</h1>
      <p><time datetime="2018-07-21">July 21, 2018</time> · by <strong>S. Kalsum</strong></p>
    </header>

<section>
      <p>JAKARTA — Indonesia’s Ministry of Energy and Mineral Resources (<strong>ESDM</strong>) has enacted two ministerial regulations in the geothermal sector: <strong>Permen ESDM No. 33/2018</strong> on the Management and Utilization of Geothermal Data and Information for Indirect Use, and <strong>Permen ESDM No. 37/2018</strong> on the Offering of Geothermal Working Areas (WKP), Issuance of Geothermal Permits (IPB), and the Assignment of Geothermal Undertakings.</p>
    </section>

<section>
      <h2>Purpose of the New Rules</h2>
      <p>According to the Director General of New, Renewable Energy and Energy Conservation (<strong>EBTKE</strong>) at ESDM, <strong>Rida Mulyana</strong>, the two regulations complement existing frameworks and clarify operating rules for geothermal companies, particularly for indirect utilization.</p>
      <blockquote>
        “These are part of our continued efforts to complete the rulebook for geothermal companies—especially for indirect utilization,” Rida said in a statement in Jakarta, Saturday (21/7/2018).
      </blockquote>
    </section>

<section>
      <h2>Legal Basis & National Energy Goals</h2>
      <p>Both regulations are derivative rules that elaborate provisions not fully detailed in <strong>Government Regulation (PP) No. 7/2017</strong> on Geothermal for Indirect Utilization. Rida emphasized that the new rules are expected to help accelerate Indonesia’s <strong>renewable energy mix (EBT) target of 23% by 2025</strong> under the National Energy Policy (KEN).</p>
      <blockquote>
        “This is our push to fast-track the target as mandated in KEN. A key factor is having firm rules that make it possible to implement the program,” he noted.
      </blockquote>
    </section>

<section>
      <h2>Supportive Business Climate & Simplified Processes</h2>
      <p>Rida added that geothermal development requires strong government support—especially in simplifying and easing business processes—to foster a more conducive investment climate so the industry can grow sustainably.</p>
    </section>

<section>
      <h2>What Permen ESDM No. 33/2018 Covers</h2>
      <p>Permen 33/2018—mandated by Articles 25, 33, and 112 of PP 7/2017—aims to provide <strong>ease and certainty</strong> for stakeholders in utilizing geothermal data and information transparently, and to support <em>government drilling</em>, particularly regarding compensation for the price of geothermal data and information.</p>
      <ul>
        <li><strong>Service policy:</strong> Geothermal data and information services are provided to stakeholders under applicable terms and conditions, <strong>free of charge</strong>.</li>
        <li><strong>Access levels:</strong> General data and interpreted data are open access; raw and processed data can be obtained through requests under non-disclosure agreements (with exceptions for data transfer in geothermal business activities by IPB holders or assignees).</li>
      </ul>
      <blockquote>
        “The spirit at ESDM now is: make the data free. Please use it—no one loses from that,” Rida said.
      </blockquote>
    </section>

<section>
      <h2>What Permen ESDM No. 37/2018 Regulates</h2>
      <p>Permen 37/2018—mandated by Articles 67 and 68 of PP 7/2017—provides clear guidelines and legal footing for stakeholders on the <strong>procedures and mechanisms</strong> for:</p>
      <ul>
        <li><strong>Offering geothermal working areas (WKP) via tender;</strong></li>
        <li><strong>Issuing Geothermal Permits (IPB);</strong></li>
        <li><strong>Assigning geothermal undertakings</strong> to Public Service Agencies (BLU) / State-Owned Enterprises (BUMN), including criteria for WKP that can be assigned.</li>
      </ul>
      <p>The regulation also details assignment mechanisms for BLU/BUMN as a policy breakthrough in geothermal governance under PP 7/2017.</p>
    </section>

<footer>
      <p><em>Source: detik.com summary via ESDM statements.</em></p></footer></article>

ESDM Issues Two Regulations to Accelerate Geothermal “Energy Treasure” Development ESDM Issues Two Regulation...

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PGN Subsidiary Discovers New Oil Reserves in East Java

S.Kalsum August 27, 2025

<article>
    <header>
      <h1>PGN Subsidiary Discovers New Oil Reserves in East Java</h1>
      <p><time datetime="2018-08-18">August 18, 2018</time> · by <strong>S. Kalsum</strong></p>
    </header>

<section>
      <p>JAKARTA — PT Saka Energi Indonesia, a subsidiary of PT Perusahaan Gas Negara Tbk (PGN) operating in the oil and gas upstream sector, has discovered new oil reserves at the TKBY-2 exploration well in the Pangkah Working Area, offshore northern East Java. Saka holds 100% participation rights in this working area.</p>
    </section>

<section>
      <h2>TKBY-2 Well Details & Next Steps</h2>
      <p>The TKBY-2 exploration well reached a final depth of 9,500 feet and successfully identified oil-bearing layers. Based on subsurface data analysis, several flow tests will be conducted to determine the reservoir’s production capacity across the Tuban, Kujung, and Ngimbang carbonate zones stretching from the RGL prospect in the northeast to the TKBY prospect in the west.</p>
    </section>

<section>
      <h2>South Sesulu Drilling Plan</h2>
      <p>Saka Energi also plans to commence drilling at the WEST SIS-A#1 exploration well in the South Sesulu Working Area on August 17, 2018. This will be the third exploration well drilled by Saka Energi in South Sesulu, using the company's second Jack-Up rig.</p>
    </section>

<section>
      <h2>Company Strategy and Outlook</h2>
      <p>“The successful drilling of TKBY-2 and the upcoming South Sesulu well reflect Saka Energi’s persistence in exploration toward a giant discovery,” said President Director Tumbur Parlindungan. “We are confident that substantial oil and gas reserves can still be unearthed in Indonesia.” He likened the company’s determination to Indonesia’s fighters 73 years ago who fought for independence—hard work and strong determination always yield results. He hopes this discovery will be seen as a Special Independence Day tribute from Saka Energi.</p>
    </section>

<section>
      <h2>Corporate Portfolio</h2>
      <p>Saka Energi currently holds participation rights in 12 domestic oil and gas blocks and one overseas block. Seven of these offshore blocks are already in production — Pangkah, Muara Bakau, Bangkanai, Ketapang, Muriah, Southeast Sumatra, and the U.S.-based Fasken block. The remaining five blocks—West Bangkanai, Wokam II, South Sesulu, and the newly won Pekawai and West Yamdena blocks—are in various stages of exploration.</p>
    </section>

<footer>
      <p><em>Source: detik.com</em></p>
      <p><em>Disclaimer: This article is for informational purposes only and does not represent investment advice.</em></p></footer></article></span>

PGN Subsidiary Discovers New Oil Reserves in East Java PGN Subsidiary Discovers New Oil Reserves in East Ja...

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Oil & Gas Blocks That Didn’t Sell to Be Re-auctioned by Indonesia’s ESDM

S.Kalsum August 27, 2025

<div xmlns="http://www.w3.org/1999/xhtml"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfECCvOijt8rsh8mUxwkQaBdMBYXf2BS2ZVPemGLvxHPtByeG1Qw5N1tK8RS9UHbEgJ_SPcSGrZYTaYBqoVqUc7gt3HblQnQeCumPcWgNZRR4DB8EU2tbI56a4wVN7VHifXz2w8jQn0f0/s2560/%255BUNSET%255D" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}"><img border="0" loading="lazy" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfECCvOijt8rsh8mUxwkQaBdMBYXf2BS2ZVPemGLvxHPtByeG1Qw5N1tK8RS9UHbEgJ_SPcSGrZYTaYBqoVqUc7gt3HblQnQeCumPcWgNZRR4DB8EU2tbI56a4wVN7VHifXz2w8jQn0f0/s640/%255BUNSET%255D" style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;"></a><br><span style="font-weight: bold;">Oil & Gas Blocks That Didn’t Sell to Be Re-auctioned by Indonesia’s ESDM</span><b><article><header>
      <p><time datetime="2018-10-22">October 22, 2018</time> · by <strong>S. Kalsum</strong></p>
    </header>

<section>
      <p>JAKARTA — Indonesia’s Ministry of Energy and Mineral Resources (ESDM) announced that oil and gas blocks which failed to attract bids in the second auction phase will be re-offered in the next round.</p>
    </section>

<section>
      <h2>Re-auction Plan for Unsold Blocks</h2>
      <p>From six oil & gas blocks auctioned in the second round, only two—South Jambi B Block and Banyumas Block—received winning bids. Deputy Minister Arcandra Tahar confirmed the government plans to re-auction the remaining unsold blocks in the third round, slated to begin next week at the ESDM premises in Central Jakarta.</p>
      <p>“For blocks that did not sell, there’s a possibility we’ll include them in the next round, which will open next week,” Arcandra said.</p>
    </section>

<section>
      <h2>Third Round to Include Joint-Study Blocks</h2>
      <p>The upcoming third round of auctions will feature blocks that have either completed or are still undergoing joint studies. “Next week will mark the third round, consisting of blocks that have already or are currently conducting joint studies,” he added.</p>
      <p>Regarding which blocks will be included in this third round, Arcandra stated that government is still evaluating market interest and will finalize the list by next Monday.</p>
    </section>

<footer>
      <p><em>Source: detik.com via press release, Ministry of Energy and Mineral Resources (ESDM).</em></p></footer></article></b></div>

Oil & Gas Blocks That Didn’t Sell to Be Re-auctioned by Indonesia’s ESDM October 22, 2018 · by S. Kalsum JAKAR...

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Medco Energi Internasional Plans US$215 Million Capex in 2021

S.Kalsum August 27, 2025

<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPVbHAaAUt32hBXa-C5ZcZiF4RzkRrIkxBvScKtMaXOJ1zW7XuHb-Y57wJ49TXFYR6QCSQuGKpnRBJnAXvXGNqWYxYSCYFA4gi5PyLQrJniE99Mez9khq_yWns4WutLjN3N9bTRveA1aM/s1600/IMG_ORG_1623028721928.jpeg" imageanchor="1"><img alt="" border="0" data-original-height="677" data-original-width="1080" height="401" loading="lazy" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPVbHAaAUt32hBXa-C5ZcZiF4RzkRrIkxBvScKtMaXOJ1zW7XuHb-Y57wJ49TXFYR6QCSQuGKpnRBJnAXvXGNqWYxYSCYFA4gi5PyLQrJniE99Mez9khq_yWns4WutLjN3N9bTRveA1aM/s1600/IMG_ORG_1623028721928.jpeg" width="640"></a></div><br><br></div><article><header><h1>Medco Energi Internasional Plans US$215 Million Capex in 2021</h1>
      <p><time datetime="2021-06-06">June 6, 2021</time> · by <strong>Shintya Kalsum</strong></p>
    </header>

<section>
      <p>JAKARTA — PT Medco Energi Internasional Tbk (MEDC) has set its capital expenditure (capex) budget at <strong>US$215 million for 2021</strong>, marking a modest 4% increase from the US$207 million realized in 2020, according to Corporate Secretary Siendy K. Wisandana.</p>
    </section>

<section>
      <h2>Capex Allocation Breakdown</h2>
      <ul>
        <li><strong>Oil & Gas Segment:</strong> US$150 million allocated for ongoing exploration efforts and the development of the Hiu gas project in Natuna Block B.</li>
        <li><strong>Power Generation & Renewables:</strong> US$65 million earmarked, primarily for completing the 275 MW Riau CCPP (Combined Cycle Power Plant), as well as ongoing geothermal projects at Ijen & Sarulla and solar photovoltaic installations in Sumbawa.</li>
      </ul>
    </section>

<section>
      <h2>Summary</h2>
      <p>With its balanced investment strategy, MEDC continues to focus on expanding upstream oil and gas operations while simultaneously advancing its power and renewable energy footprint. The capex increase reflects a cautious but progressive growth plan amid global market uncertainties.</p>
    </section>

<footer>
      <p><em>Source: Press release to the Indonesia Stock Exchange.</em></p>
      <p><em>Disclaimer: This article is for informational purposes only and does not constitute investment advice.</em></p></footer></article>

Medco Energi Internasional Plans US$215 Million Capex in 2021 June 6, 2021 · by Shintya Kalsum JAKARTA — PT Medco ...

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ESDM Issues Two Regulations to Accelerate Geothermal “Energy Treasure” Development

PGN Subsidiary Discovers New Oil Reserves in East Java

Oil & Gas Blocks That Didn’t Sell to Be Re-auctioned by Indonesia’s ESDM

Medco Energi Internasional Plans US$215 Million Capex in 2021

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