The government is now focusing on reversing this trend by pushing for the activation of more wells. Bahlil has set a target of producing 1 million barrels of oil per day by 2029, a significant increase from the current production levels of around 600,000 barrels per day. Achieving this goal will require more active wells, particularly the 300 that are currently dormant.

In addition to encouraging the development of new wells, the government is also exploring ways to maximize production from existing, aging oil fields. This includes the use of Enhanced Oil Recovery (EOR) technologies, which are designed to extend the life of older wells and increase their output. With many of Indonesia’s oil wells over 75 years old, this technology is seen as crucial to maintaining production levels.

Indonesia’s energy strategy aims to reduce its dependency on imported oil and increase its domestic production capacity. The pressure on Inpex to move forward with the Masela Block project is part of a broader effort to ensure energy security and support the country’s economic growth in the years to come. (Uki Ruknuddin)

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