Inp.polri.go.id - Jakarta. The Indonesian government has formalized agreements with US energy titans Freeport-McMoRan and ExxonMobil to secure long-term resource stability and state revenue. 

Announced in Washington on Friday (20/2/2026), the deals extend Freeport’s copper and gold mining rights in Papua until 2061 and ExxonMobil’s oil operations through 2055, attracting a combined $30 billion in new investment.

"This extension ensures business continuity in Papua while significantly increasing state income through royalties and taxes," Minister of Energy and MIneral Rsources Bahlil Lahadalia said during a virtual briefing reported by antaranews.com 

Under the Freeport pact, Indonesia’s ownership will climb to 63% by 2041, granting the state an additional 12% stake without acquisition costs. Meanwhile, ExxonMobil committed $10 billion to sustain production levels of up to 185,000 barrels per day. These strategic extensions are integral to a broader reciprocal trade framework designed to fortify domestic energy resilience and critical mineral supply chains for decades to come.

(mg/inp/pr/rs)