Tuesday, June 20, 2017

Indonesia: Opinion - Key to Geothermal Development is Exploration and Investment

Geothermal Exploration In Indonesia (LinkedIn)

There have been several articles published recently, including the Jakarta Posts comment about funding for geothermal exploration. The author has been stating for quite some time that the key to geothermal development is exploration and investment and that the GOI has to take responsibility for this.

It is well known that Indonesia has 40% of the world's geothermal reserves, although these reserves are only predicted and not confirmed. In order to confirm the resources, to know the extent of the "Ring of Energy", (as this is what the Ring of Fire is), to know where the reservoirs are, exploration of the whole “Ring of Energy” has to be carried out, this can not be done by traditional exploration methods only due to the time, cost and investment requirements of exploring for something that carries a lot of risk.