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

Woodside Inks Long-Term LNG Supply Deal with China Resources

Shell Hires Noble’s Drillship for Work in Southeast Asia

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Transocean’s Drillship to Stay in India Under New $111M Deal

INEOS Picks Up CNOOC’s US Assets in $2B Deal

RINA to Conduct Pre-FEED Study for Petronas’ CCS Project in Malaysia

Sembcorp Signs 10-Year LNG Supply Contract with Chevron

Yinson and PetroVietnam JV Get FSO Contract for Vietnamese Field

Current News

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Keel Laying for Wind Flyer Trimaran Crew Boat

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

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