Harbour spuds Gayo amid high follow-on hopes
"We hope that this exploration well will discover large oil and gas reserves, as we discovered through drilling the Layaran-1 well," Hudi said.
SKK Migas
Indonesia approves Eni’s $3.35 billion investment plan for Merakes gas to feed Bontang LNG
Indonesia has approved a revised plan of development for Eni’s (MIL:ENI) Merakes and Merakes East gas fields with a total investment of $3.35 billion.
Gas key for energy transition as Indonesia seeks $179bn upstream investment
Natural gas is seen as an essential component of Indonesia’s energy transition with the government targeting to significantly boost upstream investment. Officials estimate $179 billion is needed to meet 2030 oil and gas production targets in Southeast Asia’s largest economy.
Pertamina decommissions Indonesia’s first offshore oil platform with South Korea help
Indonesia’s Pertamina has reportedly successfully decommissioned the Southeast Asian country’s first offshore oil and gas platform in partnership with South Korean companies, according to upstream regulator SKK Migas.
BP’s Tangguh LNG Train 3 to start-up in March
Indonesia’s upstream regulator SKK Migas has reported that the BP-led Tangguh Train 3 liquefied natural gas (LNG) project in Indonesia’s West Papua province is on schedule to start-up in March 2023.
Petronas and ExxonMobil show interest in Shell’s Masela LNG divestment
Malaysia’s Petronas is the latest company tipped to be interested in acquiring a stake in the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is led by Japan’s Inpex (TYO:1605)
Rumours swirl of ExxonMobil Indonesia exit
Rumours have surfaced again about ExxonMobil (NYSE:XOM) potentially seeking to divest its Indonesia assets. ExxonMobil operates the giant Cepu Block, which is Indonesia’s largest producing oil project.
$1.3bn price tag for CCS at Inpex and Shell’s Masela project
The cost to add carbon capture and storage (CCS) to the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is owned by Japan’s Inpex (TYO:1605) and Shell (LON:SHEL) is expected to cost over $1 billion.
Indonesia confirms disappointing downgrade at Repsol gas discovery
Indonesian upstream regulator SKK Migas has confirmed that Repsol’s (BME:REP) Kali Berau Dalam (KBD) gas discovery, initially thought to be the country’s biggest find in 18 years, is significantly smaller than expected, putting the mega project in doubt.
Indonesia seeks new exploration investment as 2022 bid round opens
Indonesia, which is seeking to significantly boost oil and gas production this decade, is today launching its first 2022 bid round. Six blocks are up for grabs, offering a range of exploitation, near-field and frontier high-impact opportunities.
Eni offers gas block offshore Indonesia for sale to Harbour as Andaman development eyed
Italy’s Eni (BIT:ENI) is offering to sell its Krueng Mane Block offshore Aceh in Indonesia to London-listed Harbour Energy (LON:HBR), reported Indonesian upstream regulator SKK Migas. Significantly, the potential acquisition seems logical given that Harbour’s recent exploration success could trigger a new development area in the region.
BP’s delayed Tangguh Train 3 LNG project is 90% finished
Indonesia’s Ministry of Energy and Mineral Resources has said that the progress of construction at the BP-led Tangguh Train 3 LNG project in Indonesia’s West Papua province has reached more than 90%.
BP’s Tangguh LNG Train 3 start-up delayed again, says SKK Migas
The start-up of BP’s (LON:BP) Tangguh liquefied natural gas (LNG) Train 3 project, which is under construction, has again been delayed due to the pandemic. It is now expected to start up at the end of 2022, reported Indonesian upstream regulator SKK Migas.
BP cheers Indonesia first at Tangguh LNG
BP (LON: BP) today signed a memorandum of understanding (MoU) with upstream regulator SKK Migas for Indonesia’s first enhanced gas recovery (EGR) and carbon capture utilisation and storage (CCUS) development. The EGR and CCUS scheme will be implemented at BP’s Tangguh liquefied natural gas (LNG) project.
Harbour strikes gas after successfully wrapping up Tuna drilling amid South China Sea spat
Harbour Energy (LON:HBR) and its Russian partner Zarubezhneft have successfully completed their appraisal drilling campaign at the Tuna Block in the Natuna Sea offshore Indonesia with positive results at both wells.
Inpex and Shell’s Abadi faces more headwinds as US LNG muscles in
Inpex’s (TYO:1605) proposed Abadi liquefied natural gas (LNG) plant in the Masela Block offshore Indonesia, which has long struggled to gain traction, is looking increasingly unlikely to be developed, especially as another wave of US LNG projects looms large.
Chevron and Eni closer to striking a deal on IDD
SKK Migas, Indonesia’s upstream regulator, said Italy’s Eni (BIT:ENI) is closer to a takeover bid for Chevron’s (NYSE:CVX) giant Indonesia Deepwater Development (IDD).
BP’s Tangguh LNG Train 3 to start-up in Q2 next year, says SKKMigas
Indonesian upstream regulator SKK Migas expects operations at BP’s (LON:BP) Tangguh liquefied natural gas (LNG) Train 3 project, which is under construction, to start in Q2 2022.
ExxonMobil planning CCS project at Cepu in Indonesia
ExxonMobil (NYSE:XOM) is planning a carbon capture utilisation and storage (CCUS) project at its giant Cepu block in East Java, said Dwi Soetjipto, the head of Indonesia’s upstream regulator SKK Migas.
Indonesia approves ExxonMobil drilling plan at giant Cepu Block
Indonesian upstream regulator SKK Migas has approved ExxonMobil’s plans to restart drilling at its giant Cepu Block in a bid to find new reserves and stem falling output at the country’s largest oil producing block.
ExxonMobil plans exploration drilling in giant Indonesian Block
US supermajor ExxonMobil said it is planning to restart exploration drilling at its giant Cepu Block in Indonesia, despite rumours that it is looking to divest its interest, in a bid to find new reserves. Cepu, which holds the Banyu Urip project, one of Southeast Asia’s biggest oil developments, is Indonesia’s largest oil producing block.
Indonesia approves BP’s CCS scheme for Tangguh LNG
BP and its Tangguh LNG partners today confirmed that Indonesian oil and gas regulator SKK Migas has approved the plan of development (POD) for a key carbon capture utilisation and storage (CCUS) project at the Tangguh LNG export complex. Significantly, BP claims this will make Tangguh "one of the lowest greenhouse gas (GHG) intensity liquefied natural gas (LNG) plants in the world."
Indonesia’s upstream output to falter amid high risks
Indonesia's crude oil and natural gas production growth outlook continues to be downbeat. Total oil and gas output have seen broad declines since 2010 and the long-observed trend is not expected to be reversed any time soon, reports Fitch Solutions.
BP bags approval for $2bn Tangguh LNG expansion project
Indonesian upstream regulator SKK Migas has approved BP’s $2.04 billion plan to develop new gas fields in West Papua that will supply its Tangguh liquefied natural gas (LNG) export project. However, the UK supermajor will likely need Indonesia to finalise regulations around carbon capture, utilisation and storage (CCUS) before any expansion can take place.
Indonesia eyes giant offshore decommissioning wave
Indonesian upstream regulator SKK Migas is preparing a strategic plan covering the decommissioning of more than 100 upstream oil and gas platforms in Southeast Asia’s largest producer of hydrocarbons.