The block is operated by Chevron, but the super major said last year it would not seek to renew its licence when it expires in October 2018. Pertamina will not take over the block, the deputy minister said.
Chevron owns operating interests in four offshore PSCs covering 11,100 square kilometres in the Kutei Basin. The company divides its business in the region into three main areas: North, South and West Seno.
In the North Area, Chevron operates Attaka, which is the largest offshore oilfield in Indonesia, and the Melahin, Kerindingan, Serang and Sapi fields, as well as the Santan Terminal.
In the southern area, Chevron runs the Sepinggan and Yakin fields as well as the Lawe-lawe terminal, Penajam supply base and the Pasir Ridge Balikpapan office.
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 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 has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
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 Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.