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oil-and-gas-blocks

Business 7 years ago

SKK Migas looks to major discoveries in 10 blocks

Indonesia expects major discoveries in 10 oil and gas blocks in the country.

Business 7 years ago

RI secures $10.95m in investment for three oil, gas blocks

The Energy and Mineral Resources Ministry on Monday recorded a US$10.95 million investment commitment from operators (KKP) for exploration activities and well developments in three oil and gas blocks that were auctioned last year.

Business 7 years ago

Old block Rokan needs fresh investment

After operating for more than 50 years, Indonesia’s most lucrative oil and gas block, Rokan, will need a fresh investment, with the terms having been agreed upon for state energy holding company Pertamina to take over the role of operator from United States energy giant Chevron.

Business 7 years ago

Indonesia to offer 10 oil, gas blocks this year

Energy and Mineral Resources Ministry Oil and Gas Director General Djoko Siswanto has said the ministry plans to offer 10 oil and gas blocks in two auction phases.

Business 7 years ago

Six more oil, gas blocks to convert to gross split scheme

The Energy and Mineral Resources Ministry has said six operators of oil and gas blocks will amend their production sharing contracts (PSC) from cost-recovery to gross-split schemes.

Business 7 years ago

Medco to continue operations in Rimau under gross split

The government announced on Thursday that energy company PT Medco E&P Rimau would extend the operation contract of the Rimau Block in South Sumatra until 2043 under the gross split scheme.

Business 7 years ago

Indonesia to announce winners of blocks' third auction

Three energy companies have shown interests in operating at least one oil and gas block from four exploration blocks that went up for auction in early November.

Business 7 years ago

Four Indonesian oil and gas blocks up for auction

The government has put four exploration blocks up for auction, marking its third effort this year, in a bid to push up oil and gas production in the country.

Business 7 years ago