Overview

Despite being associated with a number of controversies and scandals in recent years, Indonesia’s oil-and-gas sector still remains a top source of income for the Indonesian state budget, making an overall contribution of some IDR 143.3 trillion in 2018 (178.3% of the annual target set for the sector).[1] In addition, a number of potential oilfields were recently discovered across the country, meaning that opportunities may arise for the oil-and-gas contribution to the state budget to skyrocket further over the course of 2019.[2]