Dear Industry Colleagues,
It is my pleasure to announce that the 40th Indonesian Petroleum Association Convention and Exhibition (IPA CONVEX) will take place on 25-27 May 2016 in the Jakarta Convention Center, Jakarta.
The slump in oil price to its lowest in 11 years and the declining investment in the oil and gas sector are the urgent challenges that the industry will have to address. Investment in the oil and gas sector last year was just US$ 15.9 billion, falling far short of the government target of US$ 23.7 billion.
That said, with Indonesia’s high target for economic growth, demand for energy is growing. It is for these reasons we have chosen “Shifting Paradigms in Indonesia, Supplying Energy in the New Reality” as the theme of this year’s convention and exhibition.
The unfavourable condition of the Indonesian and the global economy today not only affects oil and gas industry performance but also government revenues and the subsequent multiplier effect that the industry brings. We are aware of the importance of multi-stakeholder dialogue to reach common ground, particularly on addressing, and finding solutions to, the growing challenges facing the oil and gas industry in Indonesia.
IPA CONVEX is the largest oil and gas convention and exhibition in South East Asia. Sponsored by several stakeholders and attended by key delegates, it offers opportunities for unlimited networking in the sector. Previous IPA CONVEX have attracted 24,608 visitors and more than 2.700 delegates and speakers from 26 countries. These include government officials in the oil and gas sector from other countries, and CEOs from the world’s leading companies, independent oil companies and service providers who have shared their knowledge, experience and innovations in the industry. Around 638 journalists from 315 national and international media also attended the event.
IPA CONVEX 2016 will also feature a large-scale technical conference, with a variety of business plenary sessions. We are confident that this convention and exhibition will be as successful as it has been in the previous years, and mark the pinnacle of achievement in the 40 years of this event.
Finally, we hope that you will be able to participate as a visitor, exhibitor and delegate at the 40th IPA CONVEX 2016. We hope that the active participation of all stakeholders at this event will generate solutions to the challenges of the oil and gas industry in Indonesia.Yours sincerely Chairman
The IPA Convention and Exhibition is the most prominent oil and gas event in the region will return this year. The 4oth IPA Convention and Exhibition will bring you policy makers, regulators, experts, investors, operators and support sector to exchange ideas, advanced technologies and partnership for future investment in Indonesia.