REPUBLIKA.CO.ID, JAKARTA -- Indonesia is projected to suffer 3.82 million barrels per day (bpd) of oil deficit and 24,398 million standard cubic feet per day (mmscfd) of gas deficit in 2050, Pertamina EP Director Nanang Abdul Manaf stated. Based on the balance of primary energy sources, the country will witness an oil deficit of 1.39 million bpd and a gas deficit of 2.837 mmscfd in 2025, he remarked here on Tuesday.
Manaf noted that several steps to be taken to increase production and offset deficit in 2025 and 2050 include incentives for exploration activities as a precautionary measure against long-term issues, including accelerating POD/POFD, secondary and tertiary recovery project (EOR), and exploring the upside potential of a mature field.
"In addition, we need to encourage state oil and gas enterprises or national energy companies to find energy sources outside Indonesia," he remarked at an energy seminar.
The seminar also featured Chief of the Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) Dwi Soetjipto, Pertamina Upstream Director Dharmawan Samsu, and President Director of PT Medco Energi Internasional Tbk (MEDC) Hilmi Panigoro.
During the panel discussion, participants agreed that oil energy will continue to play a huge role until 2050 due to its increasing consumption.
Soetjipto remarked that Indonesia has 128 basins of which only 54 have been explored and exploited. From the 54 exploited basins, Indonesia holds proven oil reserves of 3.2 billion barrels.
"If there is a giant discovery, the reserves will hopefully increase," he added.