Indonesia's oil reserves have been dwindling in recent years, both proven and potential reserves.
Proven reserves are the amount of oil that can be commercially exploited. Potential reserves, on the other hand, are estimates that still require further testing to be confirmed.
According to data from the Central Statistics Agency (BPS), Indonesia's proven oil reserves in 2022 were 2.27 billion barrels, a 47% decrease compared to 2009.
Meanwhile, potential oil reserves in 2022 reached 1.9 billion barrels, a 49% decrease compared to 2009.
During the 2009-2018 period, Indonesia's potential oil reserves were recorded as increasing. However, after that, the figure dropped drastically due to a change in calculation methods.
Since 2019, potential reserves in oil fields without production activities have not been included in the calculation.