Indonesia has exceeded its 2025 oil lifting target, with current output reaching 608,000 barrels per day (bpd), surpassing the state budget (APBN) target of 605,000 bpd, according to Energy and Mineral Resources Minister Bahlil Lahadalia.

Speaking at the 2025 Energy and Mineral Festival on Wednesday, July 30, 2025 Bahlil said, “I just left the office and saw on the online monitoring screen that our oil lifting has reached 608,000 bpd. However, this figure is not yet cumulative.”

Bahlil noted that from 2008 to 2024, Indonesia never met its oil lifting targets as set in the annual budget. But performance has been improving gradually, with 2024 oil lifting at 579,000 bpd. He expressed hope that 2025 will mark the year Indonesia finally hits the target, attributing the progress to directives from President Prabowo Subianto.

Achieving this goal remains challenging. Bahlil highlighted several key issues:

● Aging oil wells, many of which date back to before Indonesian independence;

● Numerous idle wells that remain untapped;

● High investment costs and risks in the upstream oil and gas sector.

Despite these challenges, Bahlil is optimistic, citing recent meetings with top executives of upstream oil companies. He referred to a presidential directive targeting 900,000 bpd by 2029–2030, which serves as motivation for the sector.

Meanwhile, the Upstream Oil and Gas Regulatory Task Force () reported that by June 2025, oil production stood at 579,300 bpd, or 95.8 percent of the APBN target, while gas production reached 6,820 million standard cubic feet per day (mmscfd) − 121.1 percent of the target. For lifting, the first-half figures were 578,000 bpd for oil (95.5 percent) and 5,483 mmscfd for gas (97.4 percent).

SKK Migas Chief Djoko Siswanto clarified that by year-end, oil production and lifting will align, as all produced oil will be lifted before December 31. He added that lifting figures may differ from production on a daily or monthly basis due to batch scheduling, where oil is stored in tanks before being lifted in bulk. “Sometimes we lift 1 million barrels in a day, depending on the timing,” Djoko said.

On the investment side, upstream oil and gas investment in the first half of 2025 reached US$7.19 billion (Rp118.3 trillion) or 43.6 percent of the US$16.5 billion annual target. Djoko remains confident that the full-year goal will be met, possibly reaching US$16.9 billion.