Japanese oil and gas explorer and producer Inpex Corp. has secured rights to explore the Serpang Working Area offshore Eastern Java in Indonesia. Inpex said in a media release it had won the award in Indonesia’s second Petroleum Bidding Round 2024, hosted by the Ministry of Energy and Mineral Resources.
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval from the Indonesian government to develop the Anambas block in the Natuna Sea, Reuters reported on Thursday.
Eni SpA has put onstream the Merakes East field in the offshore part of the Kutei Basin in Indonesia, expecting net natural gas production of 100 million standard cubic feet a day (MMscfd) or about 18,000 barrels of oil equivalent per day (boed).
The start-up of Merakes East aligns with ongoing projects like the Maha field development and newly approved Plans of Development (PoD) for the Northern Hub and Gendalo-Gendang projects. These initiatives reflect Eni’s deepening involvement in Indonesia’s upstream sector in collaboration with SKK Migas, the nation’s Upstream Regulator. This expansion is designed to boost domestic gas supply while optimizing the Bontang LNG plant’s capacity.
“The Jatigede project will be a strong addition to our collaboration with PLN and its development, along with the expansion of our already record-breaking Cirata project, will enable us to build on our expertise in developing floating solar projects,” said Mohamed Jameel Al Ramahi, CEO of Masdar.
Indonesia will exempt oil and gas exporters from its new rule that all proceeds from natural resource exports be kept onshore for a year, as companies urge adjustments to the rule out of concern over its impact on their cashflows.
Malaysia’s national oil and gas company announced Thursday a positive final investment decision (FID) on the Hidayah field, part of the North Madura II Production Sharing Contract (PSC) in the waters of East Java province, Indonesia.
“Intermittent production is not unusual for the early stages of a project of this nature as commissioning issues continue to be addressed,” said Jadestone.
Indonesian authorities have approved Eni’s plan of development (PoD) for the Geng North and Gehem gasfields in the Kutei Basin, the Italian major announced on Friday.
Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif, has announced that ExxonMobil is planning to conduct a joint study to explore potential oil and gas reserves in Indonesia.