Pertamina

Asia

Pertamina and PetroChina team up for Jabung in Indonesia

Pertamina and PetroChina have made a joint proposal to operate the Jabung Block in Indonesia’s Jambi province when the current contract expires in 2023. The move marks a significant turning point, as before Pertamina would automatically takeover key legacy production-sharing contracts (PSCs) set to expire.

Asia

CCS is crucial for BP and Repsol investments in Indonesia

Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.

Asia

Pertamina Hulu Energi mulls $3bn Jakarta IPO

PT Pertamina, Indonesia’s state-owned oil and gas company, is weighing an initial public offering of its exploration unit that could be the biggest first-time share sale in Southeast Asia in more than a decade, according to people with knowledge of the matter.

Asia

Global interest expected in Santos Dorado sale

Santos is seeking buyers for a 20-30% stake in its large Dorado oil project and Bedout exploration portfolio offshore western Australia estimated to be worth up to $200 million. Significantly, there is expected to be global interest in the sales process, which could be particularly appealing for Asian national oil companies (NOCs).