Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Measured in thousand barrels daily, the dataset reflects total oil production and serves as an important indicator of upstream activity, domestic energy supply, investment trends, resource development, and the overall performance of Indonesia's petroleum sector. The dataset provides valuable insights into annual production changes and supports assessments of domestic crude oil availability, upstream operations, and long-term energy security.
Indonesia produced 838 thousand barrels daily in 2015 before increasing to 873 thousand in 2016. Production declined to 837 thousand barrels daily in 2017 and continued to decrease to 808 thousand in 2018 and 781 thousand in 2019. Output fell further to 742 thousand barrels daily in 2020, 692 thousand in 2021, 647 thousand in 2022, and 638 thousand barrels daily in 2023. The gradual decline reflects the maturity of Indonesia's producing oil fields, natural reservoir depletion, lower output from aging assets, and limited production growth despite continued exploration and enhanced recovery initiatives.
Overall, the dataset illustrates a long-term downward trend in Indonesia's oil production following a temporary increase in 2016. Although domestic production continues to support national energy requirements, the sustained decline highlights the importance of upstream investment, technological innovation, and new field development to improve production capacity and strengthen long-term energy security.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating supply trends, assessing upstream investment, supporting market analysis, forecasting future production, and enabling policymakers, researchers, investors, and industry stakeholders to develop effective energy strategies and production planning.