News Oil & Gas

Oil giants BP, Petronas secure three Indonesian oil and gas blocks – Companies


Divya Karyza (The Jakarta Post)

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Jakarta   ●  
Tue, June 21, 2022

United Kingdom-based oil producer BP and Malaysia-based Petronas are set to manage the Agung I, Agung II and North Ketapang working areas in East Java. 

The Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) signed the production-sharing contract (PSC), worth US$12.14 million, in Jakarta on Monday.

“Considering BP and Petronas’s capabilities and experience as international oil companies with ever-growing oil and gas production in Indonesia, we believe they will invest sustainably and fulfill the commitments made in the working areas,” SKK Migas head Dwi Soetjipto said in a statement issued on Monday.

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