The potential of Ri Oil is still great, 108 Uneven Cries

Jakarta, CNBC Indonesia - PT Pertamina Hulu Energy (PHE) records the potential of oil and gas resources in Indonesia still large as the number of unscathed migas basins. According to 20 basins of 128 basin was just done by a subtermigas operator.

Finance Director Pertamina Hulu (PHE) Bayu Kusuma Dewanto insists that the majority of hydrocarbon basins in the region Indonesia remain untouched by exploration activities. The minimum of exploration of the inner myagas means that there are still 108 basins waiting to be developed by industrial users upriver.

"So if the data, from 128 basins, is just 20 that we're working on from the upstream operators. Meaning what, Father, Mother? Most of the potential in Indonesia are waiting to be done," Bayu revealed in the Hulu Migas Hulu Economic Forum Press Conference (FOREK Hulu Migas) 2026 in Jakarta (20 / 10 / 2026).

The potential migas in 108 basins is the key to Indonesia to covering the gap between national crude oil production and consumption. Raw oil needs in the country today up to 1.6 million barrels a day, while the national production rate is at 600 grand bph.

"Well, of course it won't be easy, we know all that this won't be easy, and this won't be cheap," the papar.

The development of the new basin in the untouched region (greenfield) requires a high investment and a long deadline for activity.

Not to mention, if exploration activities are done in the new basin today, then the first oil production can be initialized within the next five to seven years.

"If we do the exploration today, then five or seven years from now we'll see the first oil, and then we'll see the oil production. The horizon is long enough, so the risk also becomes long," it adds.

The amount of untapped basin potential requires the continued investment support of fervent contractors whose value is at US $15 billion or Rp 269.66 trillion (assuming Rp Rp 17,977 / US $) last year.

Synergy between the height of investment numbers and the size of reserve potential is expected to solve the challenges of national energy resistance in the future.

"Well, that's why this event is so important, that we're going to solve the problem on top with an investment that's also very big, but with very, very potential," the sign.