The Ministry of Energy and Mineral Resources (ESDM) reported that oil and gas investment reached US$8.1 billion in the first half of 2025, a 28.75% increase compared to US$6.3 billion in the first half of 2024. However, this oil and gas investment realization does not directly reflect Indonesia's attractiveness to global investors. Overall, investment realization in the ESDM sector in the first half of 2025 reached USD 13.9 billion, or approximately IDR 225.5 trillion (assuming an exchange rate of IDR 16,250 per US dollar). This figure represents a 24.1% increase compared to USD 11.2 billion in the same period last year. This achievement is even the highest in the last five years.
The investment surge in the first half of this year was driven by the performance of the oil and gas sector, which recorded USD 8.1 billion, a 28.75% increase compared to USD 6.3 billion in the first half of 2024. The mineral and coal (minerba) sector ranked second with USD 3.1 billion in investment, up 29.17% from USD 2.4 billion in the same period last year. Investment in the electricity sector reached USD 1.9 billion, while new and renewable energy (NRE) contributed USD 0.8 billion. "Most of this is in the mineral and coal and oil and gas sectors. This is our investment. So, USD 13.9 billion is around IDR 200 trillion, with over IDR 200 trillion of our investment in the energy and mineral resources (ESDM) sector," said ESDM Minister Bahlil Lahadalia. Meanwhile, the Association of Oil and Gas Companies (Aspermigas) assessed that the increase in investment realization in the oil and gas sector in the first half of 2025 does not directly reflect Indonesia's attractiveness to global investors. Moshe Rizal, Chairman of the Aspermigas Investment Committee, emphasized that key indicators of oil and gas investment attractiveness include the level of investor participation in working area auctions, investors' willingness to enter the high-risk exploration phase, and the reserve replacement ratio.
