Indonesia Invites Global Investors and Technology Providers to Develop Upstream Oil and Gas Potential
Indonesia is inviting global investors and technology providers to develop the potential of its upstream oil and gas sector. Optimism regarding investment opportunities in Indonesia’s upstream oil and gas is growing on the global stage. At the “Indonesia Untapped and Frontier Resources: Scale, Strategy, and Partnership” forum held in Houston on 5 May 2026 as part of the Offshore Technology Conference (OTC), Indonesia affirmed that the current momentum for energy investment is at a highly strategic point for both investors and global energy technology providers.
Indonesia’s Ambassador to the United States, Indroyono Susilo, emphasised that the government continues to strengthen the investment foundation through regulatory improvements, legal certainty, and the preparation of increasingly competitive oil and gas working areas, including promoting global collaboration in the development of strategic projects such as Abadi Masela.
Regarding potential, SKK Migas Senior Manager for Oilfield Development, Wilson Pariangan, explained that Indonesia still holds vast untapped opportunities. Of the 128 oil and gas basins available, only 20 are producing, 43 are in the exploration stage, and 65 remain untouched.
“With potential reaching 2.7 billion barrels of oil and 39.35 TCF of gas, as well as 158 available oil and gas blocks, Indonesia offers real investment opportunities with a increasingly competitive and investor-friendly system,” he stated, quoted on Wednesday (6/5/2026).
This narrative of opportunities is strengthened when linked to on-the-ground execution capabilities. Pertamina’s Deputy Director, Oki Muraza, affirmed that Indonesia not only offers potential but also demonstrates the ability to convert it into actual production.
“Indonesia is an untapped frontier energy opportunity, and now is the best moment for investors to enter. We are not just talking about potential, but also execution,” he stressed.
He explained that Pertamina has consistently demonstrated solid exploration performance. In 2025, the company drilled 20 exploration wells, eight of which successfully discovered new reserves, a success rate reflecting the quality of data and technological approaches used.
“With support from 2,931 km of 2D seismic surveys and 855 km² of 3D seismic surveys, we ensure every exploration step is based on strong data, thereby providing higher confidence levels for investors,” he continued.
In addition, investment opportunities are not only in new exploration but also in increasing production from existing assets. The implementation of technologies such as Chemical EOR, Thermal EOR, optimisation of low-quality reservoirs, and infill programmes has proven to boost production in strategic fields like the Rokan Block.
“This is a low-risk, high-value opportunity for investors. Our existing assets still hold significant potential that can be optimised through technology application,” he said.
Pertamina is also actively opening collaboration opportunities for global energy technology providers, particularly from the United States, to contribute to increasing Indonesia’s oil and gas production.
“We are opening the widest possible collaboration opportunities for technology providers. Indonesia needs cutting-edge technological solutions, both for exploration, enhanced oil recovery, and complex reservoir management. This is a great opportunity to grow together,” he stated.
Integrated opportunities are also available in the gas sector through strengthening infrastructure connecting Sumatra and Java, as well as optimising supplies from Eastern Indonesia as a national supply centre.
On the other hand, Indonesia also offers future investment opportunities through the development of Carbon Capture, Utilisation, and Storage (CCUS), projected to be one of the largest in the region and with potential to become a regional hub. Indonesia’s geothermal energy potential of 24 GW, the largest in the world, is a major attraction with vast open development opportunities.
“With a combination of vast resource potential, increasingly progressive policies, and a proven track record of execution, Indonesia assures global investors that upstream oil and gas investment opportunities are not only promising but also ready to be realised now together with the world’s best technology partners,” Oki concluded.