Indonesia has been facing a decline in its oil and gas production over the years. To reverse this trend, the country’s Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) has outlined several strategies during a meeting with the heads of all oil and gas operators.
The key strategies include:
• Optimizing existing production, including Enhanced Oil Recovery (EOR).
• Reactivating idle wells and fields.
• Increasing exploration activities.
Here are the exploration and production targets set for 2025:
• Oil production: 605,000 barrels of oil per day (BOPD).
• Oil and gas production: 1,610,000 barrels of oil equivalent per day (BOEPD).
• Drilling 993 new development wells, an 11% increase over the previous year.
• Drilling 46 exploration wells, an 18% increase over the previous year.
• Completing 15 approved projects in 2025.
In addition to these projects, Indonesia has identified four large projects as Strategic National Projects:
- Abadi Masela gas development.
- The Tangguh UCC project.
- Developing deepwater resources, including the Indonesia Deepwater Development (IDD) and Geng North projects.
- Genting Oil’s Asap, Kido, and Merah (AKM) fields in the Kasuri Block in West Papua.
Here are the monthly oil and gas exploration and production data for February 2025:
- Number of work areas: 163.
- Oil production: 577,000 BOPD.
- Gas production: 6,786 million standard cubic feet per day (MMSCFD).
- Oil and gas production: 1,789,000 BOEPD.
- Year-to-date investment: 1.87 billion USD.
- Exploration wells drilled year-to-date: 3.
- Development wells drilled year-to-date: 129.
- 2D seismic completed year-to-date: 208 kilometers.
- 3D seismic completed year-to-date: 348 square kilometers.
