BP signs 30-year PSCs in Indonesia

JAKARTA, June 22, 2022 – BP has completed the signing of two 30-year PSCs with the government of Indonesia for the Agung I and Agung II exploration blocks, the British super-major announced on Monday.

The two deepwater blocks were put up on offer under Indonesia’s 2021 Oil and Gas Working Area Bid Round and awarded in March 2022.

The Agung I Block is located offshore Bali and East Java and covers an area of 6,660 square kilometres. The Agung II Block is located offshore South Sulawesi, West Nusa Tenggara and East Java and covers an area of 7,970 square kilometres.

“Our presence in Indonesia is now extended from the east in Papua Barat through our Tangguh LNG, the largest producing gas field in Indonesia where we are also progressing one of our major CCUS projects, to the west in Aceh through our partnership in Andaman II and now is complemented by adding Agung I and Agung II in East Java,” said Nader Zaki, regional president for BP in Asia Pacific.

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