Key insights and market outlook
Indonesia's oil lifting has increased to 605,000 barrels per day as of early November 2025, moving closer to the 1 million barrels per day target by 2030. The government has implemented various strategies including Enhanced Oil Recovery (EOR) technology and 'Smart Exploration' programs combining 3D seismic technology with big data analysis. Despite progress, Indonesia still imports around 1 million barrels per day of oil, valued at approximately Rp500 trillion annually.
Indonesia has made notable progress in its oil production, with the national lifting reaching 605,000 barrels per day as of early November 2025. This represents a significant step toward the government's ambitious target of achieving 1 million barrels per day by 2030. The recent increase from 576,000 to 580,000 barrels per day, and now to over 605,000 barrels per day, demonstrates the effectiveness of the government's strategies in the oil and gas sector.
The government has implemented several key strategies to boost oil production. These include the use of Enhanced Oil Recovery (EOR) technology, which aims to maximize oil extraction from existing fields. Additionally, the government is promoting 'Smart Exploration' programs that leverage advanced technologies such as 3D seismic analysis and big data to identify new oil reserves. These initiatives are part of a broader effort to strengthen Indonesia's energy independence and reduce reliance on foreign oil imports.
Despite the positive developments, Indonesia still faces significant challenges in meeting its oil needs. The country currently imports around 1 million barrels per day of oil, with an annual value of approximately Rp500 trillion. Minister of Energy and Mineral Resources, Bahlil Lahadalia, highlighted that national oil consumption stands at 1.6 million barrels per day, while domestic production remains at around 580,000 barrels per day. Experts emphasize that continued investment in exploration and production, along with the development of new technologies, will be crucial in bridging this gap.
Various stakeholders, including industry experts and business organizations, have expressed their support for the government's targets. The Indonesian Chamber of Commerce and Industry (Kadin) has pledged its commitment to supporting the achievement of the 1 million barrels per day target by 2028-2029. Experts recommend that the government maintain its focus on exploration activities, enhance industry capacity, and ensure that production increases are balanced with environmental considerations.
Indonesia's progress in increasing oil production is a positive sign for the country's energy independence. With continued investment and the implementation of advanced technologies, Indonesia is on track to achieve its ambitious oil production targets. The government's commitment to strengthening the upstream oil and gas sector, supported by various stakeholders, is crucial in realizing this vision.
Peningkatan Lifting Minyak
Target Produksi 1 Juta Barel
Investasi Sektor Hulu Migas