Luhut: Indonesia`s Potentials Oil Reserve Reach Billion Barrel
Translator
Editor
Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta - Acting Energy and Mineral Resources Minister Luhut Binsar Pandjaitan said Indonesia’s potential oil reserves reached 100 billion barrels.
However, if there’s no new exploration, oil production in Indonesia is likely to drop, Luhut said.
"Our oil reserves is only 3.5 billion barrels left. In a few years, they reserves will be exhausted," said Luhut in Central Jakarta, Friday (23/9).
To address the matter, Luhut said seismic studies are important. He hopes that next year seismic studies could be conducted so that the government can find untapped oil and gas potentials.
In addition, according Luhut, this study is also useful for the government to get better data on the potential oil reserves, so they can easily offer to investors.
"We must have data so that what we offer to investors will be clearer," said Luhut.
DIKO OKTARA
