KONTAN.CO.ID - JAKARTA. Indonesia said on Wednesday it missed oil and gas production targets last year but expects long-stalled gas projects, the Indonesia Deepwater Development (IDD) and Masela gas blocks, to resume development soon.

The Southeast Asian country, which aims to boost its crude oil lifting to 1 million barrel per day (bpd) and gas to 12,000 million standard cubic feet per day (mmscfd) by 2030, and is ramping up efforts to attract investment and to get stalled projects going.

U.S. oil giant Chevron is close to reaching a deal with an investor to transfer its stake and operatorship of IDD, said Dwi Soetjipto, head of upstream oil and gas regulator (SKK Migas).