Pertamina Hulu Indonesia's Oil and Gas Production Exceeds Target

PT Pertamina Hulu Indonesia (PHI), part of Pertamina’s Upstream Subholding that manages upstream oil and gas assets in Kalimantan, recorded oil and gas (migas) production performance above target throughout the first quarter of 2026.

“From January to March 2026, the company recorded oil production more than 120 percent of the target. Positive performance was also shown for gas production, with realisation around 104 percent of the target,” stated Senior Manager of Relations at PHI, Handri Ramdhani, in a statement in Jakarta on Sunday, 26 April 2026, as reported by Antara.

The production achievements were obtained by PHI together with its subsidiaries managing upstream oil and gas operations in the Kalimantan region, namely PT Pertamina Hulu Mahakam, PT Pertamina Hulu Sanga Sanga, and PT Pertamina Hulu East Kalimantan. PHI also manages assets of PT Pertamina EP and PHE in this region.

Handri stated that PHI’s oil and gas production achievements reflect the positive trend in the performance of the national upstream oil and gas sector. PHI’s oil production realisation for the January-February 2026 period reached 60,300 barrels per day from a target of 49,400 barrels per day (bpd) or around 122 percent.

Meanwhile, gas production also recorded positive performance. The realisation reached 606,000 MSCFD from a target of 583,000 MSCFD or around 104 percent. The largest contribution to this performance came from PT Pertamina Hulu Mahakam (PHM), one of PHI’s subsidiaries managing the Mahakam Block in East Kalimantan.

Handri explained that this achievement is part of the upstream oil and gas industry’s efforts to support the government’s targeted energy self-sufficiency.