The Ministry of Energy and Mineral Resources (ESDM) recently revealed that Indonesia's current oil and condensate reserves stand at 4.4 billion barrels, distributed across various regions of Indonesia, covering multiple categories.
The Director General of Oil and Gas (Dirjen Migas) at the ministry stated during a working meeting with the Twelfth Commission of the House of Representatives that the region with the largest reserves is Kalimantan Island, amounting to 573.82 million standard barrels. Papua Island has reserves of 109.45 million standard barrels. He believes that this distribution of oil and gas reserves indicates that whether through further exploration or optimization of existing oil field production, these regions still have development opportunities.
In addition to oil, Indonesia's natural gas reserves reach 5,585 billion cubic feet (BSCF). Kalimantan Island is again the region with the greatest natural gas potential, with reserves of 11,587 BSCF, followed by Papua Island with reserves of 10,258 BSCF.
He noted that the significant natural gas reserves in these major regions indicate that natural gas remains one of the main pillars of Indonesia's future national energy supply. This shows that Indonesia has considerable potential and prospects in oil and gas resource development, and further efforts can be made to unlock resource value and ensure national energy supply.
The Ministry of Energy and Mineral Resources (ESDM) recently revealed that Indonesia's current oil and condensate reserves stand at 4.4 billion barrels, distributed across various regions of Indonesia, covering multiple categories.
The Director General of Oil and Gas (Dirjen Migas) at the ministry stated during a working meeting with the Twelfth Commission of the House of Representatives that the region with the largest reserves is Kalimantan Island, amounting to 573.82 million standard barrels. Papua Island has reserves of 109.45 million standard barrels. He believes that this distribution of oil and gas reserves indicates that whether through further exploration or optimization of existing oil field production, these regions still have development opportunities.
In addition to oil, Indonesia's natural gas reserves reach 5,585 billion cubic feet (BSCF). Kalimantan Island is again the region with the greatest natural gas potential, with reserves of 11,587 BSCF, followed by Papua Island with reserves of 10,258 BSCF.
He noted that the significant natural gas reserves in these major regions indicate that natural gas remains one of the main pillars of Indonesia's future national energy supply. This shows that Indonesia has considerable potential and prospects in oil and gas resource development, and further efforts can be made to unlock resource value and ensure national energy supply.