Pertamina Contributes to 69% of Crude Oil Production in Indonesia

Jakarta, March 14, 2024 – Pertamina has become Indonesia’s largest crude oil producer. By the end of 2023, through its upstream sub-holding PT Pertamina Hulu Energi, it achieved a production level of up to 415 thousand barrels of oil per day (BOPD), accounting for 69% of the national crude oil production.

Meanwhile, the gas production in 2023 from the upstream subholding contributed to 34% of the national production, equivalent to 2.766 Million Standard Cubic Feet per Day (MMSCFD).

Vice President of Corporate Communication of PT Pertamina (Persero), Fadjar Djoko Santoso, stated that the Pertamina Group is the largest contributor to national oil production. According to data from the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), most of the ten largest oil producers operating domestically are subsidiaries or affiliates of Pertamina.

"Pertamina contributes the majority to Indonesia's oil production. This demonstrates our commitment to maintaining national energy resilience," said Fadjar.

The largest oil and gas production comes from Pertamina EP, Pertamina ONWJ, Pertamina Hulu Mahakam, and Pertamina Hulu Rokan, which took over the operational activities of the Rokan Block in August 2021. The Rokan Block is capable of contributing the highest oil production in Indonesia, amounting to 161,623 barrels per day.

"In the hands of Pertamina's subsidiaries, oil field production in the Rokan Block continues to increase, thereby making a significant contribution to national oil production," he added.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social, and Governance (ESG) implementation across all Pertamina's business lines and operations.**