Indonesia Receives Rp243 Trillion in Oil and Gas Investment in 2023

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Erlina Fury Santika 19/01/2024 15:38 WIB

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Indonesia's Ministry of Energy and Mineral Resources (ESDM) reported that investment in the oil and gas subsector reached US$15.6 billion (Rp243 trillion) in 2023, an increase from 2022's figures.

Total Realized Investment in Indonesia's Oil and Gas Subsector (2017-2023)

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Indonesia Receives Rp243 Trillion in Oil and Gas Investment in 2023

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Total Realized Investment in Indonesia's Oil and Gas Subsector (2017-2023)

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The Ministry of Energy and Mineral Resources (ESDM) reported that investment realization in the oil and gas subsector (migas) reached US$15.6 billion or Rp243.77 trillion (assuming an exchange rate of Rp15,626/US$) in 2023.

This figure comprises upstream investment of US$13.72 billion or Rp214.40 trillion and downstream investment of US$1.88 billion or Rp29.37 trillion.

The 2023 realization increased by 12.23% compared to 2022, which was US$13.90 billion or Rp217.21 trillion.

The components of oil and gas investment in 2023 were also higher than in 2022: upstream investment amounted to US$12.32 billion (Rp192.52 trillion) and downstream investment to US$1.58 billion (Rp24.69 trillion) in 2022.

(Read also: [Oil Prices Fall, Oil and Gas Revenue Decreases in 2023](https://databoks.katadata.co.id/datapublish/2024/01/17/harga-minyak-turun-pnbp-migas-berkurang-pada-2023))

Observing the trend since 2017, upstream migas realization has always been greater than downstream realization.

The highest realization over the past seven years occurred in 2023. The lowest was in 2017, at US$11.04 billion (Rp172.52 trillion).

This figure comprised upstream investment of US$10.27 billion (Rp160.48 trillion) and downstream investment of US$770 million (Rp12.03 trillion).

(Read also: [Natural Resource Revenue Reaches Rp254.8 Trillion in 2023](https://databoks.katadata.co.id/datapublish/2024/01/18/pnbp-sumber-daya-alam-capai-rp2548-triliun-pada-2023))

Editor : Erlina Fury Santika

"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 Receives Rp243 Trillion in Oil and Gas Investment in 2023

Indonesia Receives Rp243 Trillion in Oil and Gas Investment in 2023

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Indonesia Receives Rp243 Trillion in Oil and Gas Investment in 2023

Indonesia Receives Rp243 Trillion in Oil and Gas Investment in 2023

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