00:00 The Ministry of Energy and Mineral Resources
00:02 did not achieve the target of lifting oil and gas in 2023
00:06 or only as large as 605,000 barrels per day from the target of 660,000 barrels per day.
00:13 For that, a number of efforts are made by the Ministry of State-Owned Enterprises
00:16 to boost production in 2024.
00:19 The Minister of Energy and Mineral Resources, Arifin Tasrif,
00:25 mentioned that the lifting of oil in 2023 was only as large as 605,000 barrels per day
00:30 or far from the target of 660,000 barrels per day.
00:34 Although there is a prospect of oil production decline,
00:37 Arifin mentioned a number of reasons for the decline in oil lifting,
00:41 especially since no new wells have been found that add to raw oil production in the water.
00:46 For that, a number of steps are taken to pursue an increase in national oil production,
00:51 including by optimizing the Sukir Idle wells, which have not been utilized yet,
00:56 although they have potential.
00:57 In 2024, we have several efforts to be able to
01:07 not only not hold back, but also to increase.
01:13 So the program we will do is to take advantage of the Idle wells,
01:21 which have not been utilized yet, but still have potential.
01:27 We have asked that in Q1 2024,
01:32 programs to empower it are already there and are just launching.
01:39 In addition, in 2024, the Ministry of State-Owned Enterprises will also pursue an increase in oil and gas
01:46 through the optimization of a number of new wells found.
01:51 From Jakarta, I am Devir Monjah, IDX Channel.
01:53 (upbeat music)
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