--- title: "Indonesia will see a rise in upstream oil and gas investment approvals in 2027 as BUK Migas streamlines major projects clearance." description: "Prabowo’s target of raising oil output to 1 million barrels per day by 2029 is being limited by a clearance process fragmented across ministries. The creation of BUK Migas as a new energy regulator re" url: "https://bilby.ai/predictions/p/111/indonesia-will-see-a-rise-in-upstream-oil-and-gas-investment-approvals-in-2027-a" markdown: "https://bilby.ai/predictions/p/111/indonesia-will-see-a-rise-in-upstream-oil-and-gas-investment-approvals-in-2027-a.md" index: "https://bilby.ai/llms.txt" --- > For agents: Bilby answers questions about what governments do, from documents collected at source and checked by research analysts. To ask Bilby yourself, connect to its MCP server at https://pulse.bilby.ai/mcp (setup: https://docs.bilby.ai/developers/mcp-server). Every page on this site is also markdown: add .md to its address, or send Accept: text/markdown. https://bilby.ai/llms.txt lists them all. # Indonesia will see a rise in upstream oil and gas investment approvals in 2027 as BUK Migas streamlines major projects clearance. - **Made:** 18 Sep 2026 - **By:** Owen Bae - **Market:** Indonesia - **Outcome:** Unresolved Prabowo’s target of raising oil output to 1 million barrels per day by 2029 is being limited by a clearance process fragmented across ministries. The creation of BUK Migas as a new energy regulator reporting directly to Prabowo will strengthen Jakarta’s ability to coordinate and accelerate major projects. Russian companies could be among the earliest beneficiaries, after Prabowo recently invited Russian investors to bid for 138 oil and gas exploration blocks. Western majors will have difficult choices to make. [Ask Bilby about this prediction](https://pulse.bilby.ai/?prompt=Indonesia%20will%20see%20a%20rise%20in%20upstream%20oil%20and%20gas%20investment%20approvals%20in%202027%20as%20BUK%20Migas%20streamlines%20major%20projects%20clearance.) ## Ask Bilby about it Carry the prediction into a question: what has changed since, who decides, and who is exposed. - [What has changed since it was made?](https://pulse.bilby.ai/?prompt=What%20has%20changed%20since%20Bilby%20predicted%20this%3F%20Indonesia%20will%20see%20a%20rise%20in%20upstream%20oil%20and%20gas%20investment%20approvals%20in%202027%20as%20BUK%20Migas%20streamlines%20major%20projects%20clearance.) - [Who decides whether it happens?](https://pulse.bilby.ai/?prompt=Who%20decides%20whether%20this%20happens%3F%20Indonesia%20will%20see%20a%20rise%20in%20upstream%20oil%20and%20gas%20investment%20approvals%20in%202027%20as%20BUK%20Migas%20streamlines%20major%20projects%20clearance.) - [Who gains and who loses if it does?](https://pulse.bilby.ai/?prompt=Who%20gains%20and%20who%20loses%20if%20this%20happens%3F%20Indonesia%20will%20see%20a%20rise%20in%20upstream%20oil%20and%20gas%20investment%20approvals%20in%202027%20as%20BUK%20Migas%20streamlines%20major%20projects%20clearance.) ## More from Indonesia 29 predictions on Indonesia so far, newest first. - 3 Nov 2026 · [ANTAM’s nickel operating profit will reach at least Rp15 trillion (US$830 million) in 2027.](https://bilby.ai/predictions/p/200/antam-s-nickel-operating-profit-will-reach-at-least-rp15-trillion-us-830-million) · Unresolved - 28 Oct 2026 · [Jakarta’s reform plan is unlikely to reverse MSCI to move Indonesia to Standalone Market status by 30 June 2027.](https://bilby.ai/predictions/p/191/jakarta-s-reform-plan-is-unlikely-to-reverse-msci-to-move-indonesia-to-standalon) · Unresolved - 20 Oct 2026 · [MSCI will confirm Indonesia’s downgrade from Emerging Market to Standalone Market status by 30 June 2027.](https://bilby.ai/predictions/p/173/msci-will-confirm-indonesia-s-downgrade-from-emerging-market-to-standalone-marke) · Unresolved [All 29 from Indonesia](https://bilby.ai/predictions/log?tag=indonesia) · Marked true or false when each resolves ## See what we’re seeing next. New predictions in the Asia Daily Take, free every weekday, and in Bilby whenever you have a question. [Get the Asia Daily Take](https://bilby.ai/asia#asia-daily-take) · [Try Bilby](https://pulse.bilby.ai/sign-up)