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Country summary: Indonesia

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Indonesia - recent news

06 Jun 24
Indonesia: Jadestone Energy provides update on the Akatara gas development project onshore Indonesia
Jadestone Energy has provided an update on the Akatara gas development project onshore Indonesia. The project remains on schedule for gas in approx. two weeks time and for commercial gas, LPG and condensate sales following shortly thereafter.
22 May 24
Indonesia: Criterium Energy signs agreement for sale of its interest in the Bulu PSC for C$10.5 million
Criterium Energy has signed a binding Sale and Purchase Agreement ('SPA') for the arm’s length divestment of its wholly owned subsidiary which holds a 42.5% non-operated working interest in the Bulu Production Sharing Contract. As previously released, total consideration for the Transaction is US$7,750,000 (C$10,500,000).
14 May 24
Indonesia: PETRONAS signs a 20-year PSC extension deal for the Ketapang Contract Area
PETRONAS has signed a Production Sharing Contract (PSC) extension for the Ketapang Contract Area located in the Java Sea following the approval granted by the Government of Indonesia through the Ministry of Energy and Mineral Resources on 21 December 2023, effectively extending the contract until 2048.
14 May 24
Indonesia: PETRONAS signs Production Sharing Contract for the Bobara Working Area, Eastern Indonesia
PETRONAS E&P Bobara, a subsidiary of PETRONAS, has signed a Production Sharing Contract (PSC) for the Bobara Working Area located at the offshore of West Papua, Eastern Indonesia. PETRONAS has been awarded the Bobara Working Area with a total acreage of 8,444.49 sq kms during the third round of Indonesia Petroleum Bid Round 2023.
14 May 24
Indonesia: Mubadala Energy the new favourite in Indonesia's exploration sector with Tangkulo-1 discovery
The recent Tangkulo-1 gas and condensate discovery has placed Mubadala Energy and the South Andaman block at the centre of a promising North Sumatra deepwater play, according to Wood Mackenzie.

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