This amounts to 571,000 barrels of oil equivalent per day compared to 520,000 last year for the same January-July period.
Indonesia’s Special Task Force for Upstream Oil and Gas Business Activities, or SKK Migas, estimated that Indonesia would produce 812,000 bopd this year, 13,000 bopd fewer than the country had originally aimed at.
The news follows the former <a href=’https://theenergyyear.com/companies-institutions/opec/’>OPEC country’s announcement that it was opening 21 oil and gas blocks for tender in 2016.
Corruption scandals and governmental delays have made exploration and production difficult in recent years. The country’s deepwater fields are estimated to hold significant reserves, and the Indonesian government is hoping to attract foreign investors to bring the necessary capital to develop them.
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.