Reactivation of Idle Wells to Meet Production Target

The government and oil and gas contractors are placing their hope on inactive or “idle” oil and gas wells to ramp up national production.

Stepanus I Nyoman A. Wahyudi & Ibeth Nurbaiti

17 Jan 2024 - 17.59
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Reactivation of Idle Wells to Meet Production Target

Illustration - Oil and gas exploitation activities.

Bisnis, JAKARTA — The downward trend in the production of saleable oil and natural gas or the lifting of oil and natural gas continues to be a grim note for the upstream oil and gas industry that persists until now.

Despite various efforts and strategies by the government to encourage an increase in oil and gas production, the realization of oil lifting each year keeps falling short of the target, and the trend is even further declining.

Several prolonged issues, ranging from natural decline due to many aging fields to economic problems, remain unresolved. Meanwhile, the government scrambles to increase national oil lifting, considering the ambitious target of 2030 to lift one million barrels of oil and 12 billion standard cubic feet of gas per day.

Despite aggressive drilling activities and oil and gas investment plans, the projection for oil lifting until this year's end is still lower than the targeted figure in the state budget. This year, the government is trying to slow down the natural decline in production and increase oil production volume.

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Editor: Yusuf Waluyo Jati
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Reactivation of Idle Wells to Meet Production Target

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