The Indonesian government recently announced，In order to attract more international investors to participate, the government has opened 60 new oil and gas blocks in 14 regions for the industry to explore and develop in the next four years. This measure not only demonstrates the Indonesian government's high attention to energy development, but also indicates that the Indonesian energy industry will usher in new development opportunities.

It is understood that these newly opened oil and gas blocks are distributed in multiple regions of Indonesia, covering a vast geographical area. We sincerely invite global investors to work together with us to develop these regions into oil and gas production bases. To this end, we will provide a series of attractive incentive measures to encourage investors' active participation, "said Aliyana, Director of Upstream Oil and Gas Development at the Indonesian Ministry of Energy and Mineral Resources, in a statement

While opening up new oil and gas blocks, the Indonesian government has also provided multiple convenient measures for investors. For example, investors can directly bid without conducting joint research, which greatly reduces their time and cost. In addition, the Indonesian government allows investors to explore in open areas, further expanding their investment choices.

The Indonesian government is still working hard to optimize the investment environment and create more favorable conditions for investors. Ariana revealed that the government is considering changing the existing dividend plan to exploration commitments to better incentivize investors to engage in long-term exploration and development work. This reform measure is expected to further enhance investors' enthusiasm and promote the sustainable development of Indonesia's oil and gas industry.

Indonesian President Prabowo has repeatedly emphasized the importance of energy development after taking office. He promised to strengthen the development of the energy industry, reverse the trend of declining oil production in Indonesia for decades, and strive to achieve energy self-sufficiency. President Prabowo's vision points the way for the future development of Indonesia's energy industry and provides investors with clearer investment prospects.

The Indonesian head of Petronas, Uzaini, highly appreciates the Indonesian government's initiative. He stated that the Indonesian government's relaxation of oil and gas development regulations has provided investors with more opportunities and convenience, and Petronas is confident in further expansion in Indonesia. Currently, Petronas operates four oil and gas blocks in Indonesia and plans to further expand its business scope in the future.

In order to further improve the efficiency of oil and gas exploration and development, the Indonesian government is actively promoting the construction of relevant infrastructure. It is reported that Indonesia is building an oil and gas pipeline connecting the oil and gas development zone in East Java Province and the densely populated areas in western Java Island. The construction of this project will help solve the problem of uneven distribution of oil and gas resources in Indonesia and improve the efficiency of oil and gas resource utilization.