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Indonesia plans to reactivate 4,495 idle oil wells to cut imports and boost energy security.
Indonesia plans to reactivate thousands of idle oil wells to cut its oil imports and improve energy security amid volatile oil prices.
Minister Bahlil Lahadalia announced that out of 16,990 idle wells, 4,495 have the potential to produce oil, which could boost production to over 1.5 million barrels per day.
This initiative aims to reduce the country's annual spending of about $31.33 billion on oil imports.
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Indonesia tiene previsto reactivar 4.495 pozos de petróleo inactivos para reducir las importaciones e impulsar la seguridad energética.