Hanoi, April 28 -- Jakarta (VNA) - The Energy and Mineral Resources Ministry of Indonesia ((ESDM) is offering 116 new oil and gas blocks to global investors to achieve production targets.
Director General of Oil and Gas at ESDM Laode Sulaeman said in a statement on April 24 that in addition to opening new oil and gas working areas (WK), the government is establishing technological and operational collaboration in existing working areas, according to the Antara News Agency.
As stipulated in the 2026 State Budget, the oil production target is projected at 610,000 barrels of oil per day.
Laode stated that the major discovery in the Geliga Well, Ganal Block, in offshore East Kalimantan, which is estimated to have a gas potential of 5 TCF and...