Tuesday, 05 August 2025 09:35

Oil and Gas Lifting Exceeds Target, House Member: Investment Momentum

Mukhtarudin, a member of Commission XII of the Indonesian House of Representatives (DPR RI), assessed that the government's success in exceeding the oil and gas lifting target provides momentum to strengthen investment in the upstream oil and gas sector. "This is a historic milestone. After 16 years of failing to meet targets, we must now capitalize on this momentum to strengthen upstream oil and gas investment and maintain national energy security," Mukhtarudin said in Jakarta on Monday. The member of Commission XII, which oversees the energy and mineral resources (ESDM) sector, commended the historic achievement of the national oil and gas sector, which for the first time in 16 years successfully exceeded the State Budget (APBN) target. As of July 30th, 2025, daily oil lifting reached 608,000 barrels per day (bpd), exceeding the APBN target of 605,000 bpd. He emphasized that this achievement is not just a figure, but a positive signal for investors that Indonesia has strong prospects in the energy sector.

This increase in production was driven by the optimization of strategic fields such as Banyu Urip, Forel, and Terubuk, as well as the implementation of more efficient production technology." This isn't just about 608,000 barrels, but also proof that the right policies can break a 16-year chain of decline," he said. According to Mukhtarudin, this success has a dual impact on the economy. Additional oil and gas lifting will increase state revenue, reduce dependence on oil imports, and strengthen the energy trade balance. However, Mukhtarudin cautioned that this achievement should not make the government complacent. He emphasized the importance of strengthening upstream investment through the exploration of new reserves and optimization of existing fields, along with fiscal incentives and simplified regulations to attract global investors. In addition to strengthening investment, Mukhtarudin also emphasized the importance of accelerating the energy transition.

Source:
https://m.antaranews.com/amp/berita/5013273/lifting-migas-lampaui-target-anggota-dpr-momentum-investasi 

 

 

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