Key insights and market outlook
PT Pertamina (Persero)'s subsidiaries have emerged as dominant players in Indonesia's oil and gas production, with 7 affiliates featuring among the top 10 national producers. The company reported 1.032 million barrels of oil equivalent production through October 2025, maintaining output above 1 million BOE despite global challenges. Pertamina is focusing on dual growth strategy - maximizing legacy oil and gas business while accelerating low-carbon energy transition. This performance supports Indonesia's energy security and national development goals.
PT Pertamina (Persero) continues to strengthen its upstream sector through its subsidiaries, with seven affiliates ranking among Indonesia's top 10 oil producers. This achievement underscores Pertamina's commitment to national energy security and its dual growth strategy that balances legacy oil and gas business with low-carbon energy transition.
The strong performance of Pertamina's upstream operations is crucial for Indonesia's energy security. The company manages 24% of national oil and gas blocks, contributing 69% of total oil production and 37% of total gas production. This dominant position enables Pertamina to play a key role in achieving Indonesia's energy targets and supporting the 'Indonesia Emas 2045' vision.
Pertamina is aligning its operations with President Prabowo Subianto's Asta Cita agenda, particularly in strengthening energy self-sufficiency. The company is committed to supporting Indonesia's net-zero emissions target by 2060 through strategic initiatives that balance energy security with sustainability goals. The company's ESG practices are being implemented across all business lines to ensure sustainable development.
Oil Production Achievement
Energy Transition Strategy