Spanish oil and gas company Repsol (BME:REP) is waiting for the issuance of an Indonesian presidential regulation and the derivative regulations to progress its proposed carbon capture and storage (CCS) project in Sakakemang block, onshore South Sumatra, in Indonesia.
Japanโs Inpex has announced that it has joined the Rajabasa geothermal project in Indonesiaโs Lampung province in the southeast area of Sumatra island.
UK-based Harbour Energy (LON:HBR) and UAE-based Mubadala Energy are both planning separate exciting deepwater drilling campaigns in frontier waters offshore Indonesiaโs Aceh province next year.
Repsolโs (BME:REP) much-anticipated Rencong-1X wildcat exploration well in the frontier deep-waters of Indonesiaโs North Sumatra basin has failed to find commercial oil and gas reserves.
Indonesiaโs state-backed energy company Pertamina aims to work with Japanโs Mitsui to undertake a joint study for carbon capture utilisation and storage (CCUS) technology at the firmโs upstream assets in central Sumatra.
Malaysiaโs national oil company Petronas is considering acquiring further upstream acreage offshore Indonesiaโs Aceh province as it seeks to develop more gas projects in the Southeast Asian nation. Significantly, more incentives are expected to be offered to encourage exploration investment.
Indonesian upstream regulator SKK Migas has confirmed that Repsolโs (BME:REP) Kali Berau Dalam (KBD) gas discovery, initially thought to be the countryโs biggest find in 18 years, is significantly smaller than expected, putting the mega project in doubt.
Spainโs Repsol has started drilling the much-anticipated Rencong-1X wildcat in the frontier deepwaters of Indonesiaโs North Sumatra basin in the Andaman III Block.
Italyโs 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 Harbourโs recent exploration success could trigger a new development area in the region.
UK-listed Harbour Energy (LON:HBR) has announced initial success at its play-opening deepwater Timpan-1 exploration well offshore Indonesia in the North Sumatra basin. Significantly, the initial result bodes well for the frontier area and could open up more petroleum plays, which are thought to be gas prone.
UK-based Aquadrill โ formerly Seadrill Partners โ reported that its Capella drillship will head to Indonesiaโs Andaman area to carry out a deep-water drilling programme for Harbour Energy (LON:HBR) and Repsol (BME:REP).
Medco Energi, an ambitious Indonesian independent oil and gas company, is preparing to raise capital that will help fund acquisitions. Significantly, Medco Energi is reportedly keen to bid for ConocoPhillipsโ share of the giant onshore Corridor gas block in Indonesia estimated to be worth more than $1.5 billion.
Indonesiaโs Medco Energi and Spainโs 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.
Aquadrill Offshoreโs ultra-deep water drill ship West Capella is favoured to win the single-well contract for Repsolโs much-anticipated Rencong-1X wildcat in the North Sumatra basin offshore Indonesia.
Repsol has finished front-end engineering and design (FEED) work for its giant Kali Berau Dalam (KBD) gas discovery on the Sakakemang Block in Indonesia. The Spanish company and partner Petronas are now moving towards preparation for engineering, procurement, and construction (EPC) contractor selection, 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 upstream regulator SKKMigas today announced that the South Jambi B Block onshore Sumatra and operated by Hong Kongโs Jindi Group has started flowing natural gas.
UK-listed Harbour Energy said it is on track to probe the deep waters of Indonesiaโs North Sumatra basin in its Andaman II production-sharing contract (PSC).
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.
Australian-listed producer Bass Oil is planning new development drilling at its onshore oilfields in south Sumatra as it seeks to double its output in Indonesia over 2022.