Bisnis, JAKARTA — Dark clouds continue to loom over the upstream oil and gas industry, despite the government's vigorous efforts to promote national energy self-sufficiency. By the end of 2024, crude oil production, or lifting of fossil energy commodities, remains sluggish.
Overcoming Obstacles in Upstream Oil and Gas Sector
Gas production has shown a slightly reassuring figure of 7.176 million standard cubic feet per day (MMscfd), exceeding the 2024 target of 5.785 MMscfd. The government has set an ambitious target for 2030, aiming for oil production of 1 million barrels per day (bpd) and gas production of 12 billion c
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