GE keen on Indonesia

摘要

Indonesia “remained an attractive destination” in South East Asia for companies looking to invest in the oil and gas industry, according to the boss of GE Oil & Gas Lorenzo Simonelli. Investors’ interest in Indonesia has not diminished despite the current downtrend in global oil prices, said Simonelli, reported the Jakarta Post. Oil prices have dipped by more than 50% since June 2014. “The declining oil price makes it more challenging but the long term prospect of the industry in Indonesia is still positive,” added Simonelli. “Indonesia has great resources and opportunity to push through. The new government (of President Joko Widido) is already taking action on looking at projects and moving forward the projects, such as IDD (Indonesia Deepwater Development), Tangguh and Jangkrik. We are active on all of these projects,” he said.