BP signs 30-year PSCs in Indonesia
Indonesia generic rig
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.
Recent Posts
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More