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Chinese firms begin study on oil and gas potential in eastern Indonesia
Sinopec and Petrochina are participating in a joint study to explore the oil and gas potential around Buton and Timor in eastern Indonesia, according to the Energy and Mineral Resources Ministry.
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The Pertamina Hulu Energi (PHE) Offshore North West Java (ONWJ) oil and gas rig is pictured in the waters off Indramayu, West Java, on April 2, 2023. (Antara/Aditya Pradana Putra)
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hinese companies Sinopec and Petrochina are participating in a joint study to explore the oil and gas potential around Buton and Timor in eastern Indonesia, the Energy and Mineral Resources Ministry has announced.
Ariana Soemanto, director of upstream oil and gas business development at the ministry’s oil and gas directorate general, said the joint study and planned oil and gas blocks auction were part of Indonesia’s effort to discover more oil and gas reserves.
He went on to say that the ministry had announced the two areas as joint study sites in June.
“After the joint study is complete, [we will] offer the oil and gas working areas, determine the winners and begin oil and gas exploration,” he said in Batang, Central Java, according to a statement issued on Saturday.
The government also offered five oil and gas blocks in May during the Indonesia Petroleum Association (IPA) Convex, in which Chinese companies were also participating.
“It will be announced at the right time,” Ariana said in a separate statement, also issued on Saturday.
To date, Sinopec is preparing to work with Pertamina Hulu Energi (PHE), the upstream arm of state-owned oil and gas company Pertamina, to launch enhanced oil recovery (EOR) projects in several of PHE’s depleting oil and gas fields.
