Indonesia's Oil & Gas Boost: Unlocking New Basins
Update: 2025-11-25
Description
Indonesias ambitious plan to boost oil and gas production: The country is opening over one hundred untapped basins to global investors, aiming to reverse a decade-long decline in output and strengthen energy independence. With only twenty of its one hundred twenty-eight identified basins developed, Indonesia is funding advanced surveys to attract investments and understand the full potential of these areas. The goal is to produce one million barrels of oil per day by 2029, with seventy-five oil and gas blocks prepared for auction, nine already awarded, and more expected to follow. This strategy is crucial for Indonesia, once a key OPEC member and oil exporter, to regain its position as a major energy producer and secure its future.
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