Indonesian state-owned oil and gas company PT Pertamina has signed a deal to acquire a 24.5 percent stake in the Bobara production sharing contract (PSC) off West Papua Province from Malaysian counterpart Petroliam Nasional Bhd (Petronas).
The companies have signed an agreement outlining preliminary work to design a commercial model for the Asri Basin Project carbon capture and storage (CCS) hub.
Indonesia’s state energy company Pertamina has secured around $3.1bn in financing to fund the upgrade of the Balikpapan refinery on Borneo Island in East Kalimantan, to strengthen national energy resilience.
Indonesian Government-backed energy company Pertamina has secured a long-term extension to its contract to develop the Menzel Ledjmet Nord (MLN) oil and gas block in Algeria.