Pertamina invites technology providers to collaborate in boosting oil and gas production

Jakarta (ANTARA) - PT Pertamina (Persero) is inviting investors and technology providers to collaborate in harnessing the vast opportunities in Indonesia’s upstream oil and gas industry. “We are opening wide opportunities for collaboration with technology providers. Indonesia needs cutting-edge technological solutions, both for exploration, enhanced oil recovery, and the management of complex reservoirs. This is a great opportunity for mutual growth,” said Pertamina’s Deputy Chief Executive Officer Oki Muraza in a statement received in Jakarta on Wednesday. Oki emphasised that Indonesia not only offers potential but has also proven its ability to convert it into actual production. “Indonesia is an untapped frontier energy opportunity, and now is the best time for investors to enter. We are not just talking about potential, but also execution,” he stated. 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 surveys, we ensure that every exploration step is based on strong data, thereby providing higher confidence for investors,” Oki said. Moreover, investment opportunities are not only in new exploration but also in boosting 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 increase 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. Integrated opportunities are also open in the gas sector through strengthening infrastructure connecting Sumatra and Java, as well as optimising supplies from Eastern Indonesia as a national supply hub. 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 potentially 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.