Indonesia has four major oil and gas projects until 2027: Here's the investment value.

Economics & Macro

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Adi Ahdiat 03/10/2022 11:20 WIB

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According to the Ministry of Energy and Mineral Resources (ESDM), there are currently four major oil and gas projects in Indonesia expected to boost the national oil and gas production.

Investment Value of 4 Major Oil and Gas Projects in Indonesia (2022-2027)

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Investment Value of 4 Major Oil and Gas Projects in Indonesia (2022-2027)

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Oil and gas (migas) play a crucial role in fulfilling Indonesia's national energy needs. Therefore, the Indonesian government continues to strive to develop oil and gas mining production.

"There are still 70 unexplored potential basins to be offered to investors," explained the Ministry of Energy and Mineral Resources (ESDM) in its *Daily Strategic Information Review of Energy and Minerals* released on September 22, 2022.

"In addition, the government will accelerate exploration in five working areas in East Indonesia, namely Buton, Timor, Seram, Aru-Arafura, and West Papua Onshore," it continued.

The Ministry of ESDM also revealed that there are currently four major oil and gas projects expected to increase national oil and gas production.

First, the Indonesia Deepwater Development (IDD) project owned by Chevron, which covers two areas in Gendalo and Gehem, Kutai Basin, East Kalimantan.

The IDD project is planned to commence in the fourth quarter of 2025, with a potential oil production of 27,000 Barrels of Oil Per Day (BOPD) and natural gas of 844 Million Standard Cubic Feet per Day (MMSCFD).

"(IDD) has an investment value of US$6.98 billion or Rp104.7 trillion with an exchange rate of Rp15,000 per US dollar," said the Ministry of ESDM.

Second, the government, through PT Pertamina, also has the Jambaran Tiung Biru Project located in Cepu, East Java. This project, which began operating in July 2022, holds 190 MMSCFD of natural gas with a project value of US$1.53 billion or Rp22.9 trillion.

Third, the Tangguh Train-3 project located in Teluk Bintuni, West Papua. This project, run by BP, has the potential to produce 3,000 BCPD of oil and 700 MMSCFD of natural gas. This project is scheduled to be on stream in December 2022 with an investment value of US$8.9 billion or Rp133.5 trillion.

Fourth, the Abadi Masela liquefied natural gas (LNG) project operated by Inpex Corporation. This project, located in Tanimbar Regency, Maluku, is targeted to operate in the second quarter of 2027.

The Ministry of ESDM stated that the Masela Block has an investment value of US$19.8 billion or approximately Rp297 trillion. Its potential production is estimated at 9.5 million tons per annum (MTPA), consisting of 1,600 MMSCFD, 150 MMSCFD, and 35,000 BCPD.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia has four major oil and gas projects until 2027: Here's the investment value.

Indonesia has four major oil and gas projects until 2027: Here's the investment value.

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Indonesia has four major oil and gas projects until 2027: Here's the investment value.

Indonesia has four major oil and gas projects until 2027: Here's the investment value.

Tags

Related Data

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20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

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South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

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