Country Report
Indonesia upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Indonesia remains Southeast Asia's largest oil and gas producer, as steady gas output of over 6 bcf/d for the last two decades has offset falling oil output. Indonesia's production outlook relies on a handful of strategic projects; the Cepu, Rokan, Offshore Mahakam, Tangguh and Corridor PSCs account for nearly half of total supply in 2022. Lower exploration activity in recent years, particularly in frontier areas, has meant fewer material development projects on the horizon. BP's FID of the Tangguh Expansion in 2016 was the last major project sanction. Key upcoming projects including INPEX's Masela (Abadi LNG), Repsol's Sakakemang and Chevron's Indonesia Deepwater Development (IDD) keep delaying. The Indonesian government has tried to boost upstream investment by continuing to focus on enhancing its fiscal offering, improving data access for its bid rounds, and streamlining its regulatory environment.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- PERTAMINA
- Other Indonesian operators
- Majors
- Other international operators
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Geology
-
Introduction
- Tectonic setting
-
Introduction
-
Exploration
- Licensing
-
Licensing rounds
- 2025 bidding round
- Historical licensing activity
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 7 more item(s)...
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Unconventional licensing
- CBM
- Shale
- TAC and KSO contracts
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Drilling
- Drilling activity
- Exploration incentives
- Success rates
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Reserves and resources
- Reserves by report
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Production
- Liquids
- Gas
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Infrastructure
- Oil infrastructure
- Refining
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Sumatra
- Pangkalan Brandan refinery (closed)
- Dumai refinery
- Sungai Pakning refinery
- Musi refinery - Plaju / Sungai Gerong
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Java
- Balongan refinery
- Cilacap refinery
- Cepu refinery
- TWU (Bojonegoro) refinery
- Tuban - TPPI refinery
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Kalimantan
- Santan Oil terminal
- Senipah Oil terminal
- Balikpapan refinery
- Natuna Sea
- West Papua
- Gas infrastructure
- 9 more item(s)...
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Costs
- Introduction
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Capital costs
- Capital expenditure by location
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Policy and regulation
- Key legislation
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Regulatory body
- MIGAS
- SKK Migas
- State oil company
- State participation
- Licensing
- PSC expiry and extension
- Decommissioning
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Fiscal terms
- Overview
- Current fiscal terms
- Gross Split PSCs
- Government equity participation
- Indirect taxes
- Royalty
- PSC production sharing
- PSC cost recovery
- 28 more item(s)...
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Country Map
- Liquids and Gas Production 2025
- Reserves and resources: Table 1
- Commercial Liquid Reserves by Sector
- Commercial Gas Reserves by Sector
- Reserves and contingent resources at 01/01/2025
- Net Acreage 2025
- Blocks Awarded
- Active Blocks by Region
- Reserves and resources: Table 2
- Liquids Production by Sector 2010-2030
- 44 more item(s)...
What's included
This report contains:
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