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This portrait of an industry in decline clearly looks out of place next to a mantelpiece adorned with Indonesia's historic achievements in the oil and gas industry.

Indeed the discovery of commercial quantities of crude oil in Sumatra just over 100 years ago led directly to the formation of Royal Dutch Petroleum, now Royal Dutch Shell.

[JAKARTA] In order to clarify the roles of the IPA and government partners to promote the upstream oil and gas industry in Indonesia, the Indonesian Petroleum Association (IPA) visited the CNN editorial Indonesia, in Jakarta, Thursday (26/1).

The visit, which was led by the IPA Executive Director, Marjolijn Wajong, aimed to encourage a better understanding of the cost recovery mechanism in the upstream oil and gas activities in Indonesia.

With around 60 percent of Indonesia's energy being government subsidized and a global Brent price consistently over USD 100 per barrel, the subsidy bill soared to USD 28 billion which almost negated the USD 30 billion Indonesia receives in oil export revenues; in 2012 the subsidy bill is projected to climb to USD 32.6 billion.

President Susilo Bambang Yudhoyono cited the problem directly in March: "The short-term energy issue which has now become the center of public attention is the skyrocketing global crude oil price," establishing the subsidy issue as a priority challenge for the government to address in 2012.

Quinn grew up first in El Paso, Texas, and later the Boyle Heights and the Echo Park areas of Los Angeles, California.

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The IPA organization is run by a Board which is responsible for setting priorities and implementing the Association's activities.The well is within the company’s South Block A PSC (40.7% net to this company), will be drilled to a depth of 530m, and will target sandstone reservoirs which have delivered over 600 mmbbl of oil, 2.2 tcf of gas, and 50 mmbbl condensate in close proximity.Keep in mind that as this pre-1930 oil field produced from shallow depths, so there is a relatively high chance of striking commercial oil and there is every likelihood that hydrocarbons will be present in deeper undrilled sands as well.This sponsored supplement was produced by Focus Reports. " Yet, as Indonesia accelerated its growth to 6.37 percent in Q2 2012, and BRICS nations averaged out at 4.18 , that question has largely been muted. Contributors: Marine Neveu, Solène Pignet, Aleksandra Klassen, Nala Nouraoui. For exclusive interviews and more info, plus log onto write to [email protected] the first decade of the 21st century, the question troubling Indonesia's investors was: "Why is the country not growing as fast as the BRICS?FINALISED: 08-12-16 PUBLISHED: 08-12-16One M capped oil and gas producer and explorer is just a few days away from spudding a well offering near term production potential in a highly prolific onshore hydrocarbon region of Indonesia.