The Energy and Mineral Resources (ESDM) Ministry announced the winners of the auction for five oil and gas working areas (WK), namely WK Kojo offshore Makassar Strait, WK Binaiya offshore Maluku, WK Serpang offshore East Java, WK Gaea in West Papua Province, and WK Gaea II in West Papua. The total investment commitment collected reached US$21.7 million (Rp364 billion at Rp16,800 per US$1).

PT Pupuk Indonesia (Persero) President Director Rahmad Pribadi stated that has allocated Rp116 trillion of funds to raise its production capacity by constructing a new factory in Fakfak Regency, West Papua Province.

The construction of a plywood factory in Wondama Bay Regency, West Papua Province is expected to improve the local economy. However, the process for releasing 60 hectares (ha) of forest area to PT Wijaya Sentosa factory is still ongoing at the Forestry Ministry.

Statistics Indonesia (BPS) noted that the economy of West Papua Province experienced an impressive 20.8 percent annual growth rate cumulatively (c-to-c) in 2024 compared to 3.91 percent c-to-c in 2023. BPS West Papua Head Merry stated in Manokwari Regency, West Papua Province on Feb. 5, 2025, that West Papua's gross domestic product in 2024 was Rp76.17 trillion based on current prices in 2023 and Rp49.48 trillion based on constant prices.

Statistics Indonesia (BPS) noted that West Papua became the province achieved the highest economic growth rate among the country's provinces in 2024. BPS Head Amalia Adininggar Widyasanti said that West Papua's economy soared by 20.8 percent year-on-year (yoy) last year, higher than the Indonesian national economic growth rate of 5.03 percent yoy.

The Finance Ministry Customes and Excise Directorate-General's Manokwari Regency Type C Customs and Excise Office is trying to encourage exports of various superior local commodities from West Papua to improve the regional economy and introduce the wealth of local natural resources to the international market.

British oil and gas company British Petroleum (BP) plans to invest US$7 billion (about Rp110.95 trillion at Rp15,850 per US$1) in Indonesia. The investment would be directed to the Tangguh Ubadari, Carbon Capture Utilization and Storage [CCUS], and Compression (UCC) project in Teluk Bintuni Regency, West Papua Province.