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Optimism for investment opportunities in Indonesia's upstream oil and gas sector is growing on the global stage. At the "Indonesia Untapped and Frontier Resources: Scale, Strategy, and Partnership" forum held in Houston on May 5, 2026, as part of the Offshore Technology Conference (OTC), Indonesia emphasized that the current energy investment momentum is at a very strategic point, not only for investors but also for global energy technology providers.
The Indonesian Ambassador to the United States, Indroyono Susilo, emphasized that the government continues to strengthen the investment foundation through regulatory improvements, legal certainty, and the preparation of increasingly competitive oil and gas working areas, including encouraging global collaboration in the development of strategic projects such as Abadi Masela.
In terms of potential, Wilson Pariangan, Senior Manager of Oilfield Development at SKK Migas, explained that Indonesia still holds significant untapped opportunities. Of the 128 existing oil and gas basins, only 20 are producing, while 43 are still in the exploration phase, and 65 remain untapped.
"With a potential of 2.7 billion barrels of oil and 39.35 trillion cubic feet of gas, and 158 available oil and gas blocks, Indonesia offers real investment opportunities with an increasingly competitive and investor-friendly system," he said.
The narrative of opportunity becomes even stronger when linked to the ability to execute on the field.
Pertamina Deputy President Director Oki Muraza emphasized that Indonesia not only offers potential but has also proven its ability to convert it into real production.
"Indonesia is a frontier energy opportunity that hasn't been fully tapped, and now is the best time for investors to enter. We're not just talking about potential, but also execution," he stressed.
He explained that Pertamina has consistently demonstrated solid exploration performance. In 2025, the company drilled 20 exploration wells, with eight of them successfully discovering new reserves, a success rate that reflects the quality of the data and the technological approach used.
"With the support of 2,931 km (2D) and 855 km² (3D) seismic surveys, we ensure every exploration step is based on strong data, thus providing a higher level of confidence for investors," he continued.
Furthermore, investment opportunities lie not only in new exploration but also in increasing production from existing assets. The implementation of technologies such as chemical EOR, thermal EOR, low-quality reservoir optimization, and infill programs have been proven to increase production in strategic fields like the Rokan Block.
"This is a low-risk, high-value opportunity for investors. Our existing assets still hold significant potential that can be optimized through the application of technology," he said.
Pertamina is also actively opening up collaboration opportunities for global energy technology providers, particularly those from the United States, to play a role in increasing Indonesia's oil and gas production.
"We are opening the widest possible collaboration opportunities for technology providers. Indonesia needs cutting-edge technological solutions, from exploration and enhanced oil recovery to complex reservoir management. This is a huge opportunity for collaborative growth," he said.
Integration opportunities also exist in the gas sector through strengthening infrastructure connecting Sumatra and Java, as well as optimizing supply from Eastern Indonesia as the national supply hub.
On the other hand, Indonesia also offers future investment opportunities through the development of Carbon Capture, Utilization, and Storage (CCUS), projected to be one of the largest in the region and with the potential to become a regional hub. Indonesia's geothermal energy potential, reaching 24 GW, the largest in the world, is a major attraction, with ample development opportunities.
With its combination of vast resource potential, increasingly progressive policies, and a proven track record of execution, Indonesia is affirming to global investors that upstream oil and gas investment opportunities are not only promising but also ready to be realized with the world's best technology partners.
As a leading company in the energy transition sector, Pertamina is committed to supporting the 2060 Net Zero Emission target and continues to promote programs that have a direct impact on achieving the Sustainable Development Goals (SDGs). All of these efforts are in line with Pertamina's transformation, which is oriented towards governance, public services, business sustainability, and the environment, by implementing Environmental, Social & Governance (ESG) principles across all Pertamina business lines and operations, in coordination.
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
