Indonesian President Prabowo Subianto during a press conference in Kuala Lumpur
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
Also in this section
9 April 2026
The April 2026 issue of Petroleum Economist is out now!
9 April 2026
Offshore operators are working through an FID backlog as the rig market consolidates, helped by improving project economics and a renewed security drive
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
