Jakarta – Although Indonesia’s oil reserves are estimated to be left for only nine years, the government says it remains optimistic about dealing with these limitations by prioritising investment and development of renewable energy sources.
According to the Secretary General of the National Energy Council (DEN) Djoko Siswanto, the dwindling oil reserves are a serious challenge. However, he believes focusing on renewable energy can be a long-term solution.
He said that Indonesia’s petroleum reserves continue to decline over time and, without discovering new reserves, are expected to run out in less than a decade. “We haven’t found any sizable oil reserves yet, and if there are no new additions or discoveries today, the current reserves will run out in nine years,” said Siswanto.
He emphasised that strategic steps are being taken to mitigate the impact of this limitation, highlighting the importance of shifting to renewable energy sources as a strategic measure to reduce dependence on petroleum. Investment and research programs in renewable energy are expected to fill the void left by dwindling oil reserves.
“We believe that by focusing on renewable energy, Indonesia can achieve energy independence and involve various parties in efforts to create a sustainable energy future,” Siswanto said.
Based on data from the Indonesian Energy Outlook 2023, total oil reserves 2021 reached 3.9 billion barrels. Then, in 2022, it reached 4.2 billion barrels.
The largest proven oil reserves are in central Sumatra, with around 563 thousand barrels; East Java, 435 thousand barrels; and South Sumatra, 382 thousand barrels. The rest are scattered in Kalimantan, Sulawesi, Maluku, and Papua regions. (Hartatik)
Banner photo: Pertamina
