Jakarta. Indonesia is opening 108 untapped oil and gas basins to domestic and foreign investors as part of its plan to dramatically increase national energy production by 2029, Deputy Energy and Mineral Resources Minister Yuliot Tanjung said on Tuesday.

Indonesia has identified 128 hydrocarbon basins across the archipelago, but only 20 have been developed so far. The government aims to accelerate exploration to help the country reach its long-standing targets of 1 million barrels of oil per day and 12 billion standard cubic feet per day of natural gas (BSCFD) by 2029, Yuliot said in a statement.

To support the push, the government is channeling significant funding to the Geological Agency this year to conduct advanced subsurface surveys and provide the technical foundation for new exploration initiatives.

“Our shared vision is clear: by 2029, Indonesia will achieve 1 million barrels of oil per day, strengthen national energy security, and drive sustainable development,” Yuliot said.

The policy drive is accompanied by updates to Indonesia’s investment regulatory framework. The government has issued Government Regulation No. 28/2025 on Risk-Based Business Licensing and Energy Ministry Regulation No. 14/2025 on Joint Management of Working Areas, designed to promote transparent and efficient partnerships with investors.

Alongside the 108 basins being offered, the Energy Ministry has also prepared 75 oil and gas blocks in Sumatra, Kalimantan, Sulawesi, Papua, and various offshore sites. Nine blocks have already received designations for development, with more expected to follow, Yuliot said.

Expansion of production capacity is being supported by major infrastructure projects, including the development of transmission pipelines, distribution networks to industrial zones, refinery upgrades, an expansion of domestic storage facilities, and increased capacity for oil and gas cargo shipments.