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Deputy Minister of Energy and Mineral Resources (Wamen ESDM) Yuliot Tanjung.
REPUBLIKA.CO.ID, JAKARTA -- Deputy Minister of Energy and Mineral Resources (ESDM) Yuliot Tanjung highlighted the vast national oil and gas potential that remains largely untapped. Of the 128 oil and gas basins identified across Indonesia, only 20 have been developed, leaving 108 basins with significant exploration opportunities.
Yuliot said the extensive data available for the 108 undeveloped basins forms a critical foundation for strengthening national energy resilience. The government aims to accelerate exploration to meet its production goals of 1 million barrels of oil per day and 12 billion cubic feet of natural gas per day.
“In 2025 and 2026, the government is allocating substantial budgets and empowering the Geological Agency to carry out advanced 2D and 3D surveys,” he said in Jakarta on Tuesday (Nov 25, 2025).
He added that the initiative will enable more aggressive exploration to help achieve the 2029 production targets. To attract investment in underdeveloped basins, the government has also introduced new regulations: Government Regulation No. 28/2025 on Risk-Based Licensing and Ministerial Regulation No. 14/2025 on Cooperation for Managing Portions of Working Areas to Boost Oil and Gas Output. Both regulations aim to establish transparent and efficient cooperation frameworks for investors.
The ESDM Ministry has prepared 75 oil and gas blocks across Sumatra, Kalimantan, Sulawesi, Papua and offshore regions. These blocks are ready for development through regular assignments or auction mechanisms. Nine blocks have already been awarded to business entities, with one additional block nearing finalization to support efforts to raise national production.
Production growth is also being pursued through engineering improvements and field development strategies. These include identifying undiscovered reserves, implementing enhanced oil recovery (EOR) and waterflooding in high-potential fields, and optimizing idle wells. The measures are expected to gradually boost output from existing work areas.
“The government is also expanding infrastructure development, including oil and gas transmission and distribution pipelines, increased domestic refinery capacity, storage tanks and additional oil and gas cargo shipments,” Yuliot said.
At the Grand Launching of Indonesia Oil and Gas Exploration, the government signed the management agreement for the Perkasa Working Area, which holds an estimated 228 MMBO or 1.3 TCF in potential resources. The agreement includes a US$300,000 signature bonus and a firm commitment of US$2.25 million, reflecting strong investor interest in developing the nation’s oil and gas working areas.
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