JAKARTA - President Prabowo Subianto targets the lifting of petroleum in 2027 at 610,000 barrels per day (BOPD). Meanwhile, the projection of the Indonesian crude oil price or Indonesia Crude Price (ICP) is in the range of 75 per US dollar barrel.
"Indonesia's crude oil price is estimated at 75 US dollars per barrel in 2027 and oil lifting 610,000 barrels per day," said Prabowo in the Indonesian President's Speech in the Framework for the Submission of the 2027 State Budget Bill and the Financial Note, Friday, August 14.
The government has also set a target for lifting gas in the national energy policy. In his speech, Prabowo set a target for lifting gas to reach 954,000 barrels of oil equivalent per day.
"Lifting gas 954,000 barrels of oil equivalent per day," continued Prabowo.
For information, the target for lifting oil in 2027 is not much different from the target in 2026. The government targets oil lifting of 610,000 barrels of oil per day. This target has increased slightly compared to the target for lifting oil in the 2025 State Budget of 605,000 bopd.
Unlike gas, in the State Budget Draft (RAPBN) 2026 it is pegged at 984,000 barrels of oil equivalent per day (MBOEPD). This target is lower compared to the target for lifting natural gas in the 2025 State Budget of 1,005 thousand barrels of oil equivalent per day.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
