Press Statement by the President of the Republic of Indonesia Following the Opening of the 49th Indonesian Petroleum Association (IPA CONVEX) Convention and Exhibition 2025 at ICE BSD, Tangerang Regency, Banten Province, May 21, 2025

Journalist:
Sir, what are the areas they’re looking to invest in?

President of the Republic of Indonesia (Prabowo Subianto):
Earlier, a representative from Daewoo Engineering expressed interest in the oil and gas sector, as well as the construction sector. We are open and welcome all entrepreneurs who wish to participate, regardless of their location. We invite any party interested in taking part.

Today, we just saw great enthusiastic participation, if I’m not mistaken, representatives from around 60 countries took part. These include major companies such as ExxonMobil, Mubadala, and BP, truly global energy giants with significant operations here in Indonesia. Mubadala, for instance, has discovered a gas field in the Andaman region, one of the largest in Southeast Asia, and possibly among the biggest gas fields for decades. If I recall correctly, they reported a potential reserve of 10 trillion cubic feet (TCF). It’s an incredible discovery.

Therefore, the assessment is that we will achieve our self-sufficiency target sometime between 2008 and 2029.
(RY/MUR)