Many Rian wells are old, Here's the solution from the contractor

Jakarta, CNBC Indonesia - PT Pertamina Hulu Energy (PHE) records the majority of oil and gas fields in Indonesia are now entering the old phase to the final phase of production.

In order to overcome the decline of the natural production of the old field, PHE is pushing for investment surges in new basin exploration activities as well as strengthening collaboration between my beakers of interest.

Finance Director Pertamina Hulu (PHE) Bayu Kusuma Dewanto outlines the management of the old migas field requires long-term investment commitments and strict coordination on the entire operational chain. His men and contractors of the upstream set up a solution scheme through the vandalism of untouched potential of new migas in various parts of Indonesia.

"As for what we're managing, as well as earlier, my Miss Desti is highlight, that many of our fields are already late lives, some are already maturing, some of the very late lives for the production size of migas," reveal Bayu at the Forum Migas (FOREK Hulu Migas) 2026 in Jakarta (20 / 2026).

His right grading the primary solution to the reproductive decline of the old field is exploring the potential of new hydrocarbons to cover the gap between the national oil needs of 1.6 million barrels a day (bph) and the new production rate of 600 thousand bph.

"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 is waiting to be done,

New basin housing requires high-value capital support which in the last year reached US $15 billion or equal Rp 269.66 trillion (assuming the Rp Rp 17,977 / US / US contractor upmigas).

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. Horizon is long enough, so the risk is also long," he said.

In addition to the exploration of the new basin, energy resistance solutions are done through acceleration of large-scale projects such as the Eternal Block of Moonlight with an estimated investment of $20 billion. That step is powered by synergy between my tools in order to ease land permits, business permits, to the financing scheme.

"Of course it will take tremendous support from SKK Migas especially, then also from other related parties, banking, investors, and then my players of other interests from taxes, from SDM, and so on," signs.