President Prabowo Subianto has set an ambitious goal: Indonesia will achieve energy independence within 4-5 years. The plan includes using the country’s abundant resources like palm oil, cassava, geothermal energy, and other renewables like solar and wind. Transitioning to renewable energy (EBT) is at the core of this vision.

Bahlil Lahadalia, Minister of Energy, has detailed efforts to boost oil production. One key strategy is to reactivate idle oil wells. Out of 44,985 wells, 16,990 are inactive, with over 4,495 having potential hydrocarbon reserves. For example, Block Cepu increased production from 100,000 to 163,000 barrels per day using technology.

However, experts like Dr. Fahmy Radhi from Universitas Gadjah Mada point out that technological advancements are essential. Previous biodiesel projects have faced obstacles, with investors pulling out and conflicts between biofuels and food production. Similarly, the coal gasification program was abandoned due to economic instability and fluctuating coal prices.

Indonesia needs foreign investment in technology and local research to achieve its goals. Dr. Fahmy emphasizes the need for long-term commitment from all stakeholders, including the government and businesses.

Minister Bahlil also stressed the importance of downstream industries. The government plans to offer 60 oil and gas blocks by 2028, aiming for 8% economic growth. While progress is possible, experts urge careful planning and coordination to ensure success.

Indonesia’s pursuit of energy self-sufficiency is ambitious. It requires innovation, investment, and consistent policy enforcement for it to succeed.