Indonesia Eyes 612,500 BPD Oil Lifting in 2027: Minister

Indonesia is targeting an oil lifting of 612,500 barrels per day (bpd) by 2027, according to the Minister of Energy and Mineral Resources, Bahlil Lahadalia. This target is part of the government's efforts to enhance national energy security and contribute to economic growth. Lahadalia emphasized that accelerating oil and gas exploration and development activities within the country is crucial for achieving this goal. He pointed out the importance of intensifying exploration in undeveloped reserves and improving the production efficiency of existing oil fields. Indonesia, once a member of the Organization of the Petroleum Exporting Countries (OPEC), has become a net oil importer due to increasing domestic consumption. Therefore, boosting oil production capacity is an urgent issue from the perspective of energy security. The government plans to attract investment in the oil and gas sector by improving the investment climate and promoting technological innovation. This target setting marks a significant step in Indonesia's energy policy, and future progress in exploration and development will be closely watched.