Key insights and market outlook
SKK Migas announced that Indonesia's oil lifting reached 605,000 barrels per day in 2025, meeting the national budget target. This achievement comes despite challenges such as aging infrastructure, natural disasters, and operational issues. The success is attributed to the hard work of the upstream oil and gas team in reversing the declining production trend.
The Indonesian upstream oil and gas regulator, SKK Migas, has announced that the country's oil lifting for 2025 has successfully reached the national budget target of 605,000 barrels per day. According to Djoko Siswanto, Head of SKK Migas, this achievement is particularly significant as it comes despite several challenges faced during the year, including aging infrastructure, natural disasters, and various operational issues.
Djoko attributed the success to the hard work and dedication of the upstream oil and gas team. The achievement is seen as a milestone in three key areas: preventing production decline, increasing production compared to the previous year, and meeting the national budget target. The first two milestones have been successfully achieved, with production reaching the budgeted target of 605,000 barrels per day.
While the 2025 production figures show a positive trend, Djoko acknowledged that significant challenges remain. Aging upstream infrastructure, particularly those managed by major operators like Chevron and Pertamina, continues to be a major concern. The team is currently focused on completing the lifting process from storage tanks and tankers both at offshore fields and port depots.
The successful achievement of the oil production target marks a positive note for Indonesia's energy sector as it heads into 2026. With careful management of existing infrastructure and continued efforts to address operational challenges, the stage is set for potential further improvements in the coming year.
Oil Production Target Achievement
Energy Sector Performance Improvement