Jakarta, Sept. 29 -- Indonesia's Ministry of Energy and Mineral Resources (ESDM) is accelerating domestic oil and gas exploration and development to cushion the national economy against geopolitical turmoil, which recently pushed global crude oil prices to US$107 per barrel.

"We are ensuring that exploration is accelerated. We will also provide various forms of facilitation," Deputy ESDM Minister Yuliot said here on Tuesday.

Yuliot explained that the acceleration strategy would cover both government-led exploration and private-sector operations.

The government has identified several oil and gas fields with production potential of 2,500 to 3,000 barrels per day. Development at these sites will be accelerated through 2027 and 2028.

The ...