Indonesia Awards Exploration Contracts for Three Oil and Gas Blocks

Fransiska Nangoy
Wednesday, February 22, 2023

Indonesia has appointed several firms to conduct exploration of three oil and gas blocks, which include units of state energy company Pertamina and Italy's Eni, the energy ministry said on Wednesday. 

The blocks are namely Peri Mahakam, Sangkar, and Bunga. Indonesia plans to offer 10 oil and gas working areas to contractors this year, including a block in the South China Sea, amid efforts to make new discoveries and reach one million barrels of oil per day by 2030. 

For Bunga, located north of East Java, a consortium of PT Pertamina Hulu Energi and South Korea's POSCO International Corporation, senior energy ministry official Tutuka Aridaji told a briefing. 

The block has an estimated oil and gas resource of 1.3 billion barrels of oil equivalent, similar to Peri Mahakam, which he said would be explored jointly by a consortium of Pertamina Hulu Energi and Eni Indonesia

Peri Mahakam covers over 7,400 square km (2,857 square miles) onshore and off East Kalimantan province on Borneo Island. Exploration of Sangkar block, which has an estimated 130 million barrels of oil and 300 billion cubic feet of natural gas, was awarded to PT Saka Eksplorasi Timur, Tutuka said. 

(Reuters - Reporting by Fransiska Nangoy; Editing by Martin Petty)

Categories: Energy Drilling Geoscience Industry News Activity Asia Seismic

Related Stories

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Yinson Production Closes $1B Investment to Drive Further Growth

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

Jadestone Submits Field Development Plan for Assets Off Vietnam

Shell Hires Noble’s Drillship for Work in Southeast Asia

Current News

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Yinson Production Closes $1B Investment to Drive Further Growth

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Wood JV Gets EPC Job for Shell off Brunei

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com