Indonesia - 06

Indonesia: SKK Migas to Become Special State-owned Enterprise by Year-end

Minister of Energy and Mineral Resources Sudirman Said recently supported the Oil and Gas Governance Reform Team’s proposal to establish SKK Migas as a special SOE. The minister’s announcement reinforced Reform Team head Faisal Basri’s earlier call for SKK Migas’ reconfiguration on 3 March. Said noted that the SOE would be answerable to a board of commissioners and accordingly better governed than its predecessor executive agency, BP Migas, and in its current state. On 13 March Kardaya Warnika, the head of the DPR’s Commission VII on Energy, noted that a decision regarding SKK Migas would be made as part of the commission’s deliberations on the new oil and gas law, which he pledged would be referred to parliament by the end of the year.

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