Indonesia Java Sea exploration basin Report

Asset Report 18 September 2024

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Report summary

Oil and gas exploration in the Java Sea Basin dates back to the late 19th century, with well-explored onshore and near-shore sectors supported by established production and transportation infrastructure. Recent exploration has focused on low-risk, near-field opportunities, with average discoveries over the past decade being modest and commercial finds rare. More remote parts of the basin remain under-explored and may offer significant potential. Despite steady gas output, Indonesia's production falls short of its 2030 targets, underscoring the need for reinvestment in mature fields and high-impact exploration to meet growing domestic demand and achieve energy self-sufficiency, while challenges such as varied lead times, impurities in oil and gas, and a cumbersome regulatory system continue to impact progress.