Offshore & Marine: Indonesia will exempt the oil & gas industry from the cabotage rule, as domestic firms are unable to provide such vessels needed. According to the cabotage rule which will take effect from May 7, firms are required to use vessels with Indonesian flags for transporting goods in the country, in a move to protect local companies…
This is positive for the sector, as previously the energy ministry predicted that the rule could decrease the country’s oil output by 156k bpd, and gas output by 2.5b std cubic ft/day.
The following offshore support services providers are possible beneficiaries:
ASL Marine, CH Offshore, Ezra, Falcon, Jaya, Mermaid, Swissco, Swiber, Kreuz, KS Energy.
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