Indonesian energy minister Bahlil Lahadalia
Reality bites for Indonesia’s oil ambition
A more pragmatic approach has seen the country reverse its production decline in 2025 but its 1m b/d target still seems out of reach
Indonesian oil production is on track to record its first annual increase in almost a decade. Government figures indicate output in the first ten months of the year averaged 607,000b/d, up from roughly 580,000b/d in 2024 and exceeding the 2025 target of 605,000b/d. It is a rare bright spot for a sector long characterised by managed decline, and Jakarta has highlighted the result as the first time production has exceeded an annual target since the late 2000s. The improvement demonstrates the effect of sustained operational effort, not a change in trajectory. This year’s gains stem largely from intensified management of ageing fields rather than fresh volumes coming online. The result is a mod
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