Indonesia seeks to revitalise 1m b/d oil production dream

Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain

Indonesia has long spoken of reversing its three-decade decline in oil production, but with a new president and energy officials, a renewed sense of purpose is now driving the country forward. President Prabowo Subianto, who assumed office in October 2024, has made energy self-sufficiency a priority for his administration. This focus is reinforced by key political appointments within the energy sector, including Bahlil Lahadalia, who was appointed minister of energy and mineral resources two months before Subianto took office. “We must have energy self-sufficiency, and we are capable of achieving it” Subianto, Indonesian president There have been further leadership changes since the