Indonesia's recent hydrocarbon industry is marked by declining oil production and rising gas output. Exploration in Indonesia has underperformed over the last decade and a lack of major success has contributed to a dearth of significant development projects on the horizon beyond those already under construction. Exploration and development activity has been negatively impacted by regulatory and fiscal uncertainty with the 2012 dissolution of BPMIGAS and recent series of negative regulations affecting investor confidence. Indonesia's growing economy is driving higher domestic demand for energy but the country must increasingly rely on the development of smaller and more challenging fields to meet its requirements. The Indonesian government plans to launch a reform of the oil and gas law in 2016 in hopes of increasing exploration activity and reversing the production decline.