Indonesian national oil company (NOC) Pertamina has seen production at the giant Rokan Block edge up by 2,000 barrels per day (b/d) since taking over the field from Chevron last month. However, it remains to be seen if the NOC, which plans to spend $2 billion at Rokan by 2025, can significantly boost volumes in the longer term.
A production issue at the Shell-operated Gumusut-Kakap field offshore Sabah in East Malaysia will see exports of the country’s flagship crude oil Kimanis fall in October and November, reported Reuters.
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.
TotalEnergies will use two storage tanks at the Arun liquefied natural gas (LNG) regasification and receiving terminal in Indonesia after signing an agreement with Pertamina.
The Indonesian government will allow Pertamina to divest more than 51% of its participating interest in legacy upstream blocks that it has acquired from former operators.
Indonesia’s Medco Energi and Spain’s Repsol are reportedly keen to bid for ConocoPhillips' share of the giant onshore Corridor gas block in Indonesia estimated to be worth more than $1.5 billion.
Indonesian national oil company (NOC) Pertamina is doggedly pursuing US major ExxonMobil to help it develop oil resources at the giant East Natuna field in the disputed waters of the South China Sea. Development of the field faces huge technical, economic and geopolitical challenges, but Pertamina believes a gradual phased development, starting with oil could offer a solution.
Indonesian national oil company (NOC) Pertamina is now the official operator of the giant Rokan Block offshore Indonesia after taking over from Chevron today. Significantly, Pertamina will invest $2 billion over the next four years in an attempt to reverse declining production at the legacy asset.
UK-based upstream player Harbour Energy has restarted development well drilling at its Natuna Sea Block A offshore Indonesia after operations were suspended due to a helicopter accident last week.
Indonesian national oil company (NOC) Pertamina is finalising studies to replace ageing facilities at its Offshore North West Java (ONWJ) and Offshore South East Sumatra (OSES) blocks to help improve production, according to upstream regulator SKKMigas.
Repsol and partner Petronas plan to take a final investment decision (FID) on the giant Kali Berau Dalam (KBD) gas discovery on the Sakakemang Block in Indonesia next year with full production targeted by 2027.
Indonesia’s Pertamina has signed a memorandum of understanding (MoU) with Algeria’s Sonatrach.
Indonesian state-owned energy giant Pertamina posted a 58.4% drop in net profits last year after oil prices collapsed following a slump in energy demand due to the COVID pandemic.
Malaysian national energy company Petronas and Indonesian counterpart Pertamina are on a watchlist for removal from JPMorgan’s emerging market bond index (EMBI) on environmental social governance (ESG) concerns, reported Reuters, citing a statement from the bank.
Indonesia’s national oil company (NOC) Pertamina said yesterday that it had extinguished a fire at its Cilacap refinery in Central Java.
ConocoPhillips is seeking to sell its share in the giant Corridor onshore gas block in Indonesia estimated to be worth more than $1.5 billion. However, given the scale of the project and uncertainties around its future, the US major could struggle to find a buyer.
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.
Italy’s Eni is getting ready to prepare a field development plan for its deep-water Maha field offshore Indonesia after successfully drilling and appraising its Maha-2 well.
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.
Indonesian national oil company Pertamina will build a small liquefied natural gas (LNG) regasification unit at its Cilacap refinery in Indonesia.
The assets of troubled upstream player Saka Energi could be put up for sale as part of an effort to resolve the heavily indebted company’s financial predicament amid a tussle between Indonesia’s state-owned enterprises (SOEs).
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.
The Eni-led Merakes deep-water development in the East Sepinggan block offshore Indonesia has started gas production in the Kutei basin.
Pertamina is set to take over the giant Rokan block from Chevron in Indonesia, but the Indonesian national oil company (NOC) appears to have no electricity supply to operate the site.
Indonesian national oil company (NOC) Pertamina plans to spend $10.7 billion in 2021. This is more than double its capital spend of $4.7 billion last year.