{
    "success": true,
    "data": {
        "id": 1700254,
        "msgid": "to-meet-production-targets-government-offers-116-new-oil-and-gas-blocks-1777107059",
        "date": "2026-04-25 12:29:05",
        "title": "To Meet Production Targets, Government Offers 116 New Oil and Gas Blocks",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Energy",
        "summary": "The Indonesian Ministry of Energy and Mineral Resources is offering 116 new oil and gas blocks to global investors through work area offerings to support national production targets. This initiative, part of a broader strategy including regulatory reforms and collaborations on existing fields, aims to achieve 610,000 barrels per day of oil production in the 2026 state budget, bolstered by major discoveries like the Geliga Well in the Ganal Block. Amid global geopolitical tensions, such as the potential closure of the Strait of Hormuz, the government is enhancing energy resilience through diversification, domestic optimisation, and bilateral partnerships.",
        "content": "<p>Jakarta \u2014 The Ministry of Energy and Mineral Resources (ESDM) is\nopening 116 new oil and gas blocks to global investors through work area\nofferings to support the achievement of national production targets.\nDirector General of Oil and Gas Laode Sulaeman stated that this step is\npart of the government\u2019s strategy to increase national oil and gas\nproduction. \u201cThe government is pursuing a strategic approach by opening\n116 new oil and gas blocks to global investors through oil and gas work\narea offerings, as well as opening technology and operational\ncollaborations in existing work areas through Ministry of ESDM\nRegulation Number 14 of 2025,\u201d Laode said in his statement on Friday. In\nthe 2026 state budget, Indonesia\u2019s oil production target is set at\n610,000 barrels per day. To support this target, the government is also\nrelying on major discoveries at the Geliga Well, Ganal Block, which is\nestimated to have gas potential of 5 TCF and 300 million barrels of\ncondensate. In addition, the government is strengthening energy\nresilience amid global geopolitical dynamics, including the impact of\nthe closure of the Strait of Hormuz, which is an important route for\nglobal energy supplies. \u201cMitigation steps taken include diversifying\nenergy imports, optimising domestic supplies and biofuels, improving\nrefinery performance, strengthening bilateral cooperation, and more\nefficient fuel and LPG consumption policies,\u201d he explained. To attract\ninvestment, the government is also carrying out regulatory reforms by\nproviding contract flexibility through the gross split scheme and cost\nrecovery, risk-based fiscal adjustments, and accelerating permitting\nthrough Government Regulation Number 28 of 2025. Laode emphasised that\nIndonesia offers significant investment opportunities in the upstream\noil and gas sector, in line with ongoing reforms. \u201cReforms are underway.\nOpportunities are available. The government invites investors to be part\nof the development of Indonesia\u2019s upstream oil and gas sector,\u201d he\nsaid.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/to-meet-production-targets-government-offers-116-new-oil-and-gas-blocks-1777107059",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}