Indonesia has potential untapped oil 100 billion barrels, said acting minister of oil and energy luhut binsar pandjaitan.
There are alot of oil reservoir that needs to be explored but lack of exploration study becomes the main problem.
Minister luhut said that the stock of oil reserved currently is only 3.5 billion and will be soon exhausted in years to come.
Thus there is the urgency to explore more the untapped reservoirs by means of study that is expected to conduct seismically by ministry of energy and oil and all stakeholders related.
There is a need to provide data of untapped reservoirs to be present to investors especially the overseas. The condition of upstream industry of oil and gas is so apprehensive. Luhut said there is the down trend of investors interest from 2014.
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