Shell controls 35 percent of the participating interest and the remaining 65 percent is controlled by a Japanese company called Inpex Corporation
In Semester 2 of 2022, PT Pertamina Hulu Energi (PHE) found three new oil and gas reserves. In Semester 1 of 2022, Pertamina also found oil and gas reserves in four exploration wells in Indonesia.
This block was previously managed with Pertamina Hulu.
Bahlil Lahadalia held an inaugural meeting with all Echelon I within the Ministry of Energy and Mineral Resources (ESDM) on this Friday morning.
The work will be carried out in collaboration with South Korean government in the form of converting oil and gas platforms (rigs to reefs).
Joko Widodo said he has set a timeline for the completion of a number of coal downstream projects in Indonesia and expected all stakeholders, including ministries, to meet the target.
The offer was less than in 2021 when the government offered 14 oil and gas blocks
PT Pertamina Hulu Mahakam has discovered new gas reserve in Balikpapan offshore in East Kalimantan.
As some multinational companies decided to leave Indonesia, more opportunities are now available for Indonesian companies to play bigger role in the upstream of oil and gas.
Medco Energi Internasional announced the acquisition of all shares issued by ConocoPhillips Indonesia Holding.