Indonesia Offers Major Upstream Oil and Gas Investment Opportunities, Invites Global Investors and Technology Providers to Collaborate

Optimism regarding investment opportunities in Indonesia’s upstream oil and gas sector is increasingly strengthening on the global stage. This confidence was reflected at the Indonesia Untapped and Frontier Resources: Scale, Strategy and Partnership forum held in Houston, United States (US), on Tuesday (5/5/2026), as part of the Offshore Technology Conference (OTC). In the forum, Indonesia affirmed that the current momentum for energy investment is at a strategic point, not only for investors but also for global energy technology providers. The Ambassador of the Republic of Indonesia to the US, Indroyono Susilo, stated that the government continues to strengthen investment foundations through regulatory improvements, legal certainty, and the preparation of increasingly competitive oil and gas working areas. One such effort is to encourage global collaboration in developing strategic projects like Abadi Masela. Out of 128 oil and gas basins, only 20 are producing, while 43 are still in the exploration stage and 65 remain untouched. “With potential reaching 2.7 billion barrels of oil and 39.35 trillion cubic feet (TCF) of gas, as well as 158 available oil and gas blocks, Indonesia offers real investment opportunities with a system that is increasingly competitive and investor-friendly,” he said in a written statement received by Kompas.com. The narrative of these opportunities is further strengthened when linked to on-the-ground execution capabilities. Pertamina’s Deputy Director Oki Muraza emphasised that Indonesia not only offers potential but has also proven its ability to transform it into actual production. Oki added that Pertamina has consistently demonstrated solid exploration performance. In 2025, the company drilled 20 exploration wells. Of that number, eight wells successfully discovered new reserves, reflecting the quality of data and the technological approach used. “With support from 2,931 kilometres (km) of 2D seismic surveys and 855 km² of 3D, we ensure that every exploration step is based on strong data, thereby providing a higher level of confidence for investors,” he explained.