Misconceptions about 'Cost Recovery' and Petroleum Production

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Misconceptions about 'Cost Recovery' and Petroleum Production
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The government is proposing an increase in cost recovery, while the oil lifting target has been lowered. Is it linear?

Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atThe atmosphere at the Pertamina rig in Duri, Bengkalis Regency, Riau, which is part of the Rokan Working Area , Monday .

Not satisfied with the presentation, Commission VII of the DPR agreed to first examine the proposed figures submitted by the government, especially regarding oil and gas lifting and cost recovery. Deputy Chairman of Commission VII DPR from the Gerindra Party Fraction, Bambang Haryadi, admitted that he was disappointed with the fact that oil lifting continued to decline."Don't give the public the impression that this is just a procurement toy. Performance does not increase, butis completely absorbed."Procurement of goods and services is large, but production is not increasing, it is even falling," he said in the RDP.

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