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Country summary: Indonesia

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Indonesia - recent news

03 Jul 24
Petronas appoints ABL in Indonesia
The Indonesian branch of Malaysian national oil company Petronas has awarded energy and marine consultancy ABL a contract to provide rig inspection services to its assets operating offshore Indonesia. Under the terms of the contract, ABL can be called on to provide rig assurance, equipment focused inspections, drilling readiness peer reviews, client representation and technical risk assessments.
01 Jul 24
Indonesia Energy commences new 3D seismic operations at its Kruh Block and expects to drill new production wells by end of year
Indonesia Energy Corp has provided an operational update and announced that new 3D seismic exploratory operations at its 63,000 acre Kruh Block have commenced. Importantly, IEC anticipates that the results of this seismic work will allow IEC to drill new production wells at Kruh Block the by the end of 2024.
24 Jun 24
Indonesia: Empyrean Energy JV signs binding Gas Sale Agreement with PGN
Empyrean Energy has announced that it, and the Mako JV partners have entered into a binding Gas Sales Agreement for the sale and purchase of the domestic portion of Mako gas with PGN, the gas subsidiary of PT Pertamina (Persero), the national oil company of Indonesia.
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).

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