2023 Kaleidoscope: Indonesia's Upstream Oil and Gas Upturn

Throughout the year, the Indonesian government has taken various difficult and daring steps toward maintaining energy resilience and elevating added value for the country’s economic growth.

Stepanus I Nyoman A. Wahyudi

20 Des 2023 - 19.16
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2023 Kaleidoscope: Indonesia's Upstream Oil and Gas Upturn

Illustration - Offshore oil and gas exploration.

Bisnis, JAKARTA — Throughout 2023, the upstream oil and gas industry in Indonesia has faced various headwinds clouded with obstacles and challenges. Nevertheless, the Indonesian government has taken various difficult and daring steps toward maintaining energy resilience and elevating added value for the country’s economic growth.

There have been many encouraging developments in several upstream oil and gas projects, ranging from the progress of several mega oil and gas projects that were previously stalled to the discovery of giant gas reserves. 

Some upstream oil and gas projects have finally resumed after being entangled in prolonged divestment issues, namely the Masela Block and the deep-sea oil and gas project known as Indonesia Deepwater Development (IDD). Both of these mega oil and gas projects have now completed the divestment process.

On the other hand, there are still several annual tasks that still need to be completed, such as the issue of oil lifting not reaching the target and obstacles in several projects.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Yusuf Waluyo Jati
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2023 Kaleidoscope: Indonesia's Upstream Oil and Gas Upturn

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