Pertamina Hulu Energi to Invest Rp 780 Trillion in Oil and Gas Production Boost

Massive Investment Plan for 2025-2030

PT Pertamina Hulu Energi (PHE), the upstream subholding of Pertamina, has announced plans to invest US$ 47 billion (approximately Rp 780 trillion) to enhance oil and gas production during the 2025-2030 period. This significant investment is crucial for maintaining Indonesia's energy security and supporting the nation's economic growth.

Strategic Initiatives for Production Enhancement

The investment will be channeled into several key strategic initiatives:

1. Exploration Strategies: PHE will focus on near-field prospects and gradual exploration in new frontier areas.
2. Field Development: The company plans to drill new wells and develop existing exploration areas.
3. Enhanced Oil Recovery (EOR) Technology: Implementation of advanced EOR techniques to maximize recovery from existing fields.
4. Non-Conventional Oil and Gas (MNK): Development of unconventional resources to diversify production sources.
5. Corporate Actions: Potential mergers and acquisitions to strengthen portfolio and capabilities.

Economic Implications

This substantial investment demonstrates PHE's commitment to maintaining Indonesia's energy security while supporting national economic development. The increased production is expected to contribute positively to the country's energy balance and potentially improve the trade balance through reduced oil imports.