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Energy ministry approves Kuwaiti plan to develop Anambas Block
The government has green-lit KUFPEC's plan to develop the gas-rich Anambas Block in the Natuna Sea for an estimated investment of US$1.54 billion to supply both the domestic and regional markets.
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SKK Migas head Djoko Siswanto (third left) and executives from the Kuwait Foreign Petroleum Exploration Company (KUFPEC) address a joint press conference in Jakarta on May 15, 2025, about a plan to develop the Anambas Block in the Natuna Sea. (SKK Migas/-)
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he Energy and Mineral Resources Ministry has approved the Plan of Development I (PoD I) for the Anambas Block, located in the western Natuna Sea, from the Kuwait Foreign Petroleum Exploration Company (KUFPEC) for an investment of around US$1.54 billion.
“KUFPEC is a major oil company in the Middle East. This approval is a positive development,” Djoko Siswanto, head of the Upstream Oil and Gas Regulatory Task Force (SKK Migas), said in a statement on Thursday.
“With this investment, starting from the PoD and moving forward to the final investment decision [FID] and eventually production, our national energy security and supply will be further strengthened,” he said.
“The approval of PoD I for the Anambas Block underscores our long-term commitment to Indonesia’s upstream oil and gas sector. We value the strong cooperation with SKK Migas, the energy ministry’s Oil and Gas Directorate General and the Indonesian government in advancing this significant project,” KUFPEC CEO Eisa Al Maraghi said, as quoted in the same statement.
According to the PoD I, production is slated to begin in early 2028 with a projected output of 55 million standard cubic feet per day (MMSCFD) of gas and 2,000 barrels per day (bpd) of condensate. The estimated recoverable reserves are 185 billion cubic feet (BCF) of gas and 7 million barrels of condensate.
The Anambas Block will be KUFPEC’s second project in the gas-rich Natuna Sea. It has a 33 percent participating interest in Natuna Block A, which supplies gas to Singapore.
Anambas was auctioned during the government's Regular Auction Phase I/2019, held from February to April that year. On June 10, 2019, KUFPEC signed a 30-year gross split production sharing contract for the block that granted operating rights until 2049.
