Bali, October 26, 2026 – The Europe Today: Indonesia is offering investment opportunities for the development of 43 oil and gas discoveries in sedimentary basins that remain under exploration, as the country seeks to accelerate resource development and boost domestic energy production.
Rikky Rahmat Firdaus, Deputy for Exploration, Development and Working Area Management at Indonesia’s Special Task Force for Upstream Oil and Gas (SKK Migas), announced the initiative during the 2026 ASEAN Council on Petroleum (ASCOPE) conference in Sanur, Bali, on Monday.
“We offer investment opportunities for investors, namely the development of 43 oil and gas discoveries in basins still being explored,” Firdaus said.
He explained that the opportunities include undeveloped discoveries and stranded oil and gas field development plans (PODs) that require investment to move forward.
Firdaus noted that Indonesia has 128 sedimentary basins, highlighting the country’s substantial potential for upstream oil and gas exploration and development.
The country holds proven oil reserves of 2.3 billion barrels and natural gas reserves of 35 trillion cubic feet (TCF), distributed across 168 oil and gas contract areas, he added.
According to Firdaus, investment opportunities extend beyond existing production areas to include new exploration prospects. In addition to developing the 43 discoveries, SKK Migas is inviting investors to participate in 20 producing basins and explore 65 frontier basins where exploration activity remains limited.
“Our priority is to match potential resources with the right investment strategies, and accelerate the conversion of potential into production,” he said.
Meanwhile, Desti Melanti, Deputy for Finance and Commercialization at SKK Migas, emphasized that attractive fiscal incentives could help transform Indonesia’s oil and gas potential into actual production.
She said achieving national oil and gas production and lifting targets would require addressing several key concerns, including legal certainty, investment predictability and fiscal incentives capable of encouraging greater capital inflows.
Melanti stressed that resolving these issues would strengthen the investment appeal of Indonesia’s upstream oil and gas sector and support the development of the country’s energy resources.
She also underscored the importance of sustained exploration and the discovery of new reserves in meeting national production targets.
The initiative reflects Indonesia’s efforts to attract investment, accelerate the development of discovered resources and expand exploration activities to strengthen its domestic oil and gas production capacity.
