Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Indonesia’s energy ministry launched a bidding round on four oil and gas blocks on Nov. 23, as the country seek more investments in its upstream oil and gas sector, the ministry said in a statement.
Southeast Asia’s biggest economy set a target to reach 1 million bbl/d of oil and 12 billion scf/d (Bscf/d) gas in 2030 to meet national energy demand, Energy minister Arifin Tasrif said.
The four blocks offered in the second round of bidding this year have combined estimated resources of 3,730 million barrels of oil and 300 Bcf gas, energy ministry data showed.
The offered blocks are Sangkar block in offshore and onshore Central and East Java, Bunga block in offshore East Java, Peri Mahakam block in offshore and onshore East Kalimantan and Bose block in onshore and offshore East Nusa Tenggara.
The government also awarded West Kampar block to a consortium of Aserra Petrolindo Gemilang and SPR Langgak, that agreed to invest $32.5 million in exploration and exploitation activities and $250,000 signature bonus.
2024-01-02 - A private seller retained RedOaks Energy Advisors for the sale of a certain mineral and royalty interest in the Permian Basin.
2023-12-12 - Pioneer Natural Resources has retained EnergyNet for the sale of a 26-well package plus 6,456.03 net HBP in Crockett and Reagan counties, Texas.
2023-12-19 - EnerQuest Oil & Gas LLC has retained EnergyNet for the sale of a Logan 1 Federal plus SWD (100% GWI with operations) in Summit County, Utah.
2023-12-22 - Vital Energy said it had added working interests from Henry Resources in a deal valued at $55 million.
2024-02-06 - Tellurian, which in November raised doubts about its ability to continue as a going concern, said cash from a divestiture would be used to pay off debt and finance the company’s Driftwood LNG project.