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View all search resultsUK, Taiwan, Vietnam eye Indonesia’s upcoming oil and gas bids
The push follows the launch of an expansive exploration program on Nov. 25, which offers 75 potential oil and gas blocks for the 2025-2027 period.
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An oil rig operates at sea on April 2, 2023, in a Pertamina Hulu Energi Offshore North West Java (PHE ONWJ) oil and gas field near Indramayu, West Java.
(Antara/Aditya Pradana Putra)
I
ndonesia is poised to attract a fresh wave of foreign investment, particularly from the United Kingdom, Taiwan and Vietnam, into its upstream oil and gas sector, senior officials announced on Wednesday.
The push follows the launch of an expansive exploration program by the Energy and Mineral Resources Ministry and the Upstream Oil and Gas Regulatory Task Force (SKK Migas) on Nov. 25, which offers 75 potential oil and gas blocks for the 2025-2027 period.
Nanang Abdul Manaf, head of the task force on accelerating oil and gas production and lifting, said that a recent roadshow in London drew considerable investor interest.
“Thirty investors attended, including major companies such as BP, Shell, Equinor and Enquest. A joint study is now underway for prospects in Papua and Guyana,” Nanang said during the SKK Migas business support coordination meeting in Sentul, Bogor, as quoted by Kumparan.
Nanang highlighted interest from UK-based Upland Resources Limited, which has applied for three of the ten blocks currently in the joint study phase.
Interest is also coming from Asia. Taiwan’s state-owned energy giant CPC Corporation has engaged with the government to discuss Indonesia’s upstream potential.
“They’re also interested and have even requested direct contact with our team for further guidance,” Nanang added.
