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Country summary: Indonesia

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Indonesia - recent news

08 Jun 26
Indonesia: Conrad Asia Energy executes Mako offshore drilling rig contract
Conrad Asia Energy has announced that its subsidiary, West Natuna Exploration Limited ('WNEL'), the operator of the Duyung PSC in the Natuna Sea, offshore Indonesia, has formally executed a binding contract with PT Pertamina Drilling Services Indonesia through the PDSI – ADES Consortium for the provision of a jack-up drilling rig to support the development of the Mako Gas Field.
27 May 26
Indonesia: Harbour Energy completes sale of Natuna Sea Block A and Tuna in Indonesia
Harbour Energy has completed the $215 million sale of its operated interests in the producing Natuna Sea Block A field and the Tuna project in Indonesia to Prime Group.
21 May 26
Indonesia: Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia
Eni signed three long term agreements with the LNG sellers of South Hub and North Hub gas projects, both operated by Eni with a material participating interest averaging in excess of 80% across the 2 hubs, for the purchase of liquefied natural gas in Indonesia. These contracts further strengthen Eni’s global LNG portfolio and reinforce Indonesia’s role as a strategic supplier to regional and international markets.
21 May 26
Indonesia: INPEX awarded exploration rights offshore Eastern Java, Indonesia
INPEX CORPORATION has jointly been awarded rights to explore the Barong Working Area located offshore Eastern Java in Indonesia as part of the second Indonesia Petroleum Bidding Round 2025 hosted by the Ministry of Energy and Mineral Resources of Indonesia.
20 May 26
Indonesia: bp signs three production sharing contracts in Indonesia
bp and its partners signed three Production Sharing Contracts (PSC) in Indonesia, bringing bp’s total participation in oil and gas blocks in the country to 11. Two of the PSCs are for the Bintuni and Drawa exploration blocks, which are located near existing bp-operated Tangguh LNG in Papua Barat, creating potential for short-cycle development. bp also confirmed its participation in the INPEX-operated Barong block in East Java.

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