Indonesia aims to produce 100,000 oil barrels a day by 2028

06/08/2024 14:10
Email Print 2999
KPL (KPL/VNA) Indonesia is trying to increase its oil production that has been dropping since 2020, reversing the declining production trend by exploiting old oil fields and try to find new oil fields, with an aim of producing 100,000 barrels a day by 2028.

(KPL/VNA) Indonesia is trying to increase its oil production that has been dropping since 2020, reversing the declining production trend by exploiting old oil fields and try to find new oil fields, with an aim of producing 100,000 barrels a day by 2028.

In the short term, six oil fields will start production in 2028,” Minister of Energy and Mineral Resources, Arifin Tasrif, said on August 2. They are Ande Ande Lumut, Singa Laut Kuda Laut, Hidayah, BUIC, OO-OX and Forel.

Besides the six oil fields, the Indonesian government is trying to increase oil from recovery of the existing wells. Usually the increase of production from recovery is 30 percent. So the government requested State oil and gas company Pertamina to increase the production from recovery into 50%.

Indonesia produced 708,000 oil barrels per day in 2020 and 578,000 barrels in 2024.

 

KPL

ຂ່າວອື່ນໆ

    • Republic of Korea, Saudi Arabia sign MOU on defense research, developmentWorld News

      Republic of Korea, Saudi Arabia sign MOU on defense research, development

      2/9/2026 10:36:07 AM

      (KPL/Yonhap) Republic of Korea and Saudi Arabia have signed a memorandum of understanding (MOU) on deepening defense research and development on the occasion of a meeting of their defense ministers over the weekend, Seoul’s defense ministry said Monday.

    • Inside China’s biggest show: What it says about the countryWorld News

      Inside China’s biggest show: What it says about the country

      2/8/2026 8:48:55 PM

      For millions of people in China, Chinese New Year’s Eve begins the same way: a long journey home, a table slowly filling with dishes, and conversations that stretch late into the night. It’s the one evening of the year when distance shrinks - between cities, generations, and busy lives. Then, at 8 p.m., something else happens. A familiar opening melody fills living rooms across the country. The Spring Festival Gala begins. This live television show, broadcast every Chinese New Year’s Eve since 1983, is recognized by Guinness World Records as the most-watched annual television programme on the planet. The gala of music, laughter, and performing arts reaches far beyond China, lighting up screens from airports to shopping centres in over 80 countries.

    • Finance chief underscores technological innovation as key in developing economy World News

      Finance chief underscores technological innovation as key in developing economy

      2/6/2026 10:28:29 AM

      (KPL/Yonhap) Finance Minister Koo Yun-cheol on Thursday underscored the importance of technological innovation in developing the economy, pledging government support for domestic companies with such innovation.

    • China’s top envoy says issue of disputed steel structures in Yellow Sea making positive progress World News

      China’s top envoy says issue of disputed steel structures in Yellow Sea making positive progress

      2/5/2026 9:09:29 AM

      (KPL/Yonhap) China’s top envoy to South Korea said Wednesday the issue of removing disputed steel structures built in the overlapping waters of the Yellow Sea is making progress in a positive direction.

    • Singapore to launch automated beverage container return scheme World News

      Singapore to launch automated beverage container return scheme

      2/4/2026 9:26:08 AM

      (KPL/VNA) Singapore’s residents can tap their ez-link cards at vending machines to retrieve their 10-cent deposits (0.078 USD) when returning empty drink bottles and cans for recycling from April 1.

ຂ່າວ KPL Laos News

Top