Indonesia Offers 116 New Oil and Gas Blocks to Attract Global Investment

SEATTLE (Oil Monster): Indonesia has unveiled plans to offer 116 new oil and gas working areas to international investors, aiming to boost production and strengthen energy security. The initiative, led by the Ministry of Energy and Mineral Resources (ESDM), forms part of a broader strategy to enhance upstream sector investment and meet national output targets.

The government is also reinforcing collaboration in existing fields through Ministerial Regulation No. 14 of 2025, focusing on technological and operational improvements. According to ESDM’s Director-General of Oil and Gas, Laode Sulaeman, these measures are designed to attract fresh capital while safeguarding long-term energy stability.

ALSO READ:

Indonesia plans to start importing crude oil from Russia

Eni Strikes Large Gas Discovery in Indonesian Waters

Under the 2026 state budget, Indonesia targets crude oil production of 610,000 barrels per day. A significant contributor is the Geliga well discovery in the Ganal Block offshore East Kalimantan, estimated to hold 5 trillion cubic feet of gas and 300 million barrels of condensate.

In response to global supply disruptions, including the closure of the Strait of Hormuz, the government is implementing mitigation strategies such as diversifying imports, optimizing domestic resources, and improving refinery efficiency.

To enhance investor appeal, Indonesia is introducing flexible contract options, fiscal incentives, and faster licensing processes, signaling strong commitment to upstream sector growth.