Meets President Jokowi, ConocoPhillips Ready to Invest 2.5 Billion US Dollars in Indonesia

By Humas     Date 1 April 2015
Category: News
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CEO of ConocoPhillips, Ryan Lance accompanied ConocoPhillips officials met President Jokowi, in the office of President, Jakarta, Tuesday (31/3)

The leadership oil and gas company, ConocoPhillipis, which consists of the Chairman and CEO of Global ConocoPhillips Company, Ryan Lance, accompanied by the President and GM ConocoPhillips Indonesia Erec S. Issaacson, as well as Vice President of Development and realtions ConocoPhillips Joang Laksanto, Tuesday (31/3) afternoon , facing President Joko Widodo (Jokowi) at the Presidential office, Jakarta.

Sudirman Said Minister of Energy and Mineral Resources, and Minister of State Secretary Pratikno accompanying President Jokowi in the meeting said, that ConosoPhillips expressed appreciation to the various reform efforts that made by the Government of Indonesia in the energy sector, both at the Ministry of Energy and Mineral Resources as well as in SKK Migas.

Moreover, according to Sudirman, in the meeting the ConocoPhillipis expressed the  commitment that they wanted to continue together with Indonesia to build the energy sector. Besides that has been done so far, ConocoPhillips also planned for future investment.

“This is an appreciation for the Indonesian government, because it is structural reforms undertaken is intended to provide certainty and provide fairness to the investment,” Sudirman said as he mentions that ConocoPhillips in its activities today and the future want to respond to the government policy.

Investment of 2.5 Billion US Dollars

Meanwhile, the Chairman and CEO of Global ConocoPhillips Company, Ryan Lance, in a statement to reporters admitted his excitement as he could convey my congratulations to the President Jokowi, and introduced more about Conoco to the President.

Ryan explained, that ConocoPhillips has been here for 40 years and has invested as much as 2.5 billion dollars in the last 4 years. “We also plan to invest 2.5 billion in Indonesia,” he explained.

Ryan admitted very happy to listen to the President with the vision for this country, and convey how companies like Conoco could help the vision for the country and the people of Indonesia. “We want to continue investing in this country,” he concluded. (Humas Setkab/ES)

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