Indonesia plans to offer 10 oil and gas working areas this year, including a block in the South China Sea, amid efforts to boost energy production and make new discoveries, a senior energy ministry official said on Jan. 30.
In 2022, Indonesia auctioned 13 oil and gas fields and has appointed contractors for six of them.
The country is aiming to reach crude oil lifting of 1 MMbbl/d and gas lifting of 12,000 MMscf/d by 2030. Last year, it missed its oil and gas lifting target amid delays in projects and unexpected shutdowns.
Among the oil and gas fields Indonesia plans to offer this year are working areas in Natuna D Alpha, which are giant gas fields situated in the South China Sea, energy ministry official Tutuka Ariadji told reporters.
"Hopefully this year, in May, we would be ready to launch the offering. We also need to gauge the interest for this Natuna block before we open this to public offering," he said.
Last year, Indonesia approved development plan for $3 billion Natuna gas field in South China Sea.
Tutuka also hoped stalled gas mega-projects such as Indonesia Deepwater Development (IDD) and Masela could soon be resumed.
Oil giant Chevron is close to reaching a deal with an investor to transfer its stake in IDD, according to upstream oil and gas regulator SKK Migas.
Tutuka last week declined to disclose details of the discussion on IDD stake.
Meanwhile, Indonesian state oil and gas Pertamina is still negotiating with Shell to potentially take over its partnership in the Masela project.
Recommended Reading
Vantage Drilling Names Williams Thomson as New COO
2024-12-31 - Thomson is currently Vantage’s chief commercial officer and CTO and has served the company since 2008.
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
Berry Closes Debt Refinancing to Uphold Growth Commitments
2024-12-26 - Berry Corp. closed a debt refinancing agreement to continue its corporate strategy of promoting scale and diversification.
Venture Global LNG Files Paperwork for IPO
2024-12-20 - Venture Global LNG filed initial paperwork for an IPO on Dec. 20, about a week after the company’s Plaquemines LNG facility started production.
Dividends Declared Week of Dec. 16
2024-12-20 - As fourth-quarter 2024 nears its end, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.