"The investment in Forel and Terubuk was carried out by Medco E&P Natuna Energy with the total investment disbursed reaching almost Rp10 trillion," Deputy Minister of Energy and Mineral Resources (ESDM) Yuliot Tanjung informed in Jakarta on Friday.
He said that the oil fields are estimated to produce around 20 thousand barrels of oil per day and an additional 60 million standard cubic feet per day (MMSCFD) of gas.
He expressed the hope that the additional production would strengthen national energy security, with all facilities in the project involving domestic workers and the project's domestic component level (TKDN) reaching almost 100 percent.
"This additional production will strengthen our energy security. All facilities supporting this investment are carried out by our domestic workers," he added.
President Prabowo Subianto inaugurated the first oil and gas production from Forel and Terubuk in Natuna waters on Friday.
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He welcomed the Forel and Terubuk projects as the first oil and gas fields to be inaugurated under his government.
"This afternoon, Friday, May 16, 2025, I, Prabowo Subianto, President of the Republic of Indonesia, inaugurated the first production of the Forel and Terubuk oil fields. Thank you and good luck," he said.
According to Prabowo, the Forel and Terubuk oil and gas field projects mark an important and historic milestone in the government's efforts to realize national energy self-sufficiency.
"These two projects are important milestones, historic milestones, and our joint efforts to achieve national energy self-sufficiency," he said.
He also emphasized that mastery of technology, especially in the fields of economics and energy, is the key to a nation's future.
He described the workers engaged in oil and gas projects as "heroes of the nation in the energy sector" who have raised Indonesia's capacity and dignity at the global level.
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Translator: Fathur Rochman, Resinta Sulistiyandari
Editor: Rahmad Nasution
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