Indonesia's Crude Oil Reserve Data 2016-2023

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Viva Budy Kusnandar 15/07/2025 18:39 WIB

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Indonesia's oil reserves in 2023 reached 4.7 billion MSTB, comprising 2.41 billion MSTB of proven reserves and 2.29 billion MSTB of potential reserves.

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Indonesia's Oil Reserves (2016-2023)

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According to data from the Ministry of Energy and Mineral Resources (ESDM), Indonesia's total oil reserves reached 4.7 billion metric stock tank barrels (MSTB) in 2023, consisting of:

Proven reserves: 2.41 billion MSTB
Potential reserves: 2.29 billion MSTB

Proven reserves are the volume of oil that, based on geological and engineering data analysis, can be commercially recovered within a specified timeframe.

Potential reserves, on the other hand, are the volume of oil estimated to be present in reservoir rocks based on geological exploration data, which still needs to be proven through drilling and testing.

Indonesia's oil reserves in 2023, both proven and potential, increased slightly compared to 2022, as shown in the graph.

The following is the distribution of Indonesia's total oil reserves (combined proven and potential) in 2023:

Aceh: 27.42 million MSTB
Natuna: 244.55 million MSTB
Sulawesi: 63.83 million MSTB
Papua: 104.04 million MSTB
Central Sumatra: 1.4 billion MSTB
Kalimantan: 263.06 million MSTB
Maluku: 373.12 million MSTB
North Sumatra: 30.12 million MSTB
Southern Sumatra: 601.50 million MSTB
West Java: 568.95 million MSTB
Eastern Java: 1.01 billion MSTB

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."