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Indonesian-listed MedcoEnergi is accelerating development of its offshore Block B in the Natuna Sea in Indonesia.
The Indonesian player is preparing to develop its Belida and Hiu fields in the block, which it acquired from ConocoPhillips, Chevron and Inpex in 2016. It holds a 40% operating interest alongside Indonesian partners.
Block B holds several producing fields including Belanak, Belida, North Belut, Kerisi and Hang Tuah. Medco has also recently made a series of exploration discoveries in the area while continuing to develop other reserves in Block B.