Indonesia’s challenge is no longer attracting exploration interest; it's proving discoveries can be commercialized quickly enough to compete for global upstream capital.
• Deepwater discoveries and LNG ambitions are reviving IOC interest in Indonesia’s upstream sector.
• But concerns over permitting delays, domestic gas obligations and rising state intervention continue to weigh on long-term investment decisions.
• The government’s proposed oil and gas law overhaul may prove critical to whether Indonesia can convert exploration momentum into sustained investment.
The Issue
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