Indonesia Awards Oil and Gas Blocks to Boost Reserves

Wednesday, April 16, 2025

Indonesia awarded five oil and gas blocks to companies, its energy ministry said on Wednesday, as it attempts to replenish its oil and gas reserves and improve its energy security.

Over the coming years, the government plans to offer nearly 60 oil and gas blocks to try to reverse a decade-long decline in output.

"The government hopes these auction winners will be able to contribute to Indonesia's energy security ahead," Tri Winarno, senior official at the Energy and Mineral Resources Ministry said in an online broadcast on Wednesday's awards.

Indonesia awarded both the Gaea and Gaea II blocks in West Papua to a consortium comprising eight companies, including Enquest Petroleum Production Malaysia, BP Exploration Indonesia, CNOOC Southeast Asia.

Gaea has estimated resources of 9.6 billion barrels of oil or 71.8 trillion cubic feet of gas, while Gaea II has estimated resources of 8.5 billion barrels of oil or 35.1 tcf of gas, Tri said.

The government also awarded the Binaiya block in offshore Maluku, which has 6.7 billion barrels of oil and 15 tcf of gas potential, to state explorer PT Pertamina Hulu Energy, and Malaysia's Petronas unit PC North Mandura II and Korea's SK Earthon.

PC North Madura II Ltd and SK Earthon, together with Japan's INPEX Corporation, were also awarded the Sepang block offshore East Java.

The Kojo block in Makassar Strait was awarded to Armada Etan.

Once a significant oil producer and a member of the Organization of the Petroleum Exporting Countries, Indonesia has grown increasingly reliant on imported energy.

It has offered to increase energy imports from the United States as part of negotiations on tariffs.


(Reuters - Reporting by Fransiska Nangoy; editing by Barbara Lewis)

Categories: Industry News Activity Asia Oil and Gas

Related Stories

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

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

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

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

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Tokyo Gas Enters LNG Market in Philippines

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

Japan's Mitsui Eyes Alaska LNG Project

US Operator Finds Oil Offshore Vietnam

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Current News

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

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

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

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