The Impact of Upstream Oil and Gas Investment on Petroleum Production  in Indonesia

Valiant Cikita Mitakda; Harry Budiharjo S; E. Diah Lufti W

doi:10.9734/jenrr/2024/v16i5349

Research Article Open access CC BY 4.0

The Impact of Upstream Oil and Gas Investment on Petroleum Production in Indonesia

Valiant Cikita Mitakda, Harry Budiharjo S, E. Diah Lufti W

Journal of Energy Research and Reviews · pp. 12–18 · Published 29 Apr 2024

10.9734/jenrr/2024/v16i5349

Abstract

This study aims to analyze the problem of whether upstream oil and gas investment will affect petroleum production or vice versa. The data used is Time series data using upstream oil and gas investment data in 2010-2020 and petroleum production data in 2010-2020 sourced from the Ministry of Energy and Mineral Resources (ESDM). The research method used in this study is a quantitative research method with a granger causality test analysis tool. The results showed that there is a one-way relationship between upstream oil and gas investment and petroleum production in Indonesia which concluded that it is necessary to increase upstream oil and gas investment to increase petroleum production in Indonesia.

Upstream oil and gas investment oil production and fical term

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Examining the Relation between Reserves Replacement Ratio, Production, Proven Reserves and Upstream Oil & Gas Investment in Indonesia (2010-2022) — shares topic coverage

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Valiant Cikita Mitakda, Harry Budiharjo S, E. Diah Lufti W (2024). The Impact of Upstream Oil and Gas Investment on Petroleum Production in Indonesia. Journal of Energy Research and Reviews , 12–18. https://doi.org/10.9734/jenrr/2024/v16i5349

Affiliations

Valiant Cikita Mitakda — Universitas Pembangunan Nasional “Veteran” Yogyakarta, Indonesia.
Harry Budiharjo S — Universitas Pembangunan Nasional “Veteran” Yogyakarta, Indonesia.
E. Diah Lufti W — Universitas Pembangunan Nasional “Veteran” Yogyakarta, Indonesia.

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