Category Archives: Indonesia

Indonesia changes production-sharing terms

HOUSTON, Jan. 20 01/20/2017 By OGJ editors The government of Indonesia has implemented new production-sharing terms for oil and natural gas. The Ministry of Energy and Mineral Resources issued regulations for the new “gross-split contract,” which is based on gross … Continue reading

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Indonesian government freezes PTTEP licenses

4 December 2016 03:31   Kupang, East Nusa Tenggara (ANTARA News) – The Indonesian government has finally decided to freeze the licenses and assets of PTT Exploration and Production (PTTEP) operations in Indonesia. “This is an extraordinary step that we … Continue reading

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BP acquires Repsol’s stake in Tangguh LNG project

Mon Dec 5, 2016 | 2:57pm GMT REUTERS British oil company BP has acquired Spanish group Repsol’s 3.06 percent stake in the Tangguh liquefied natural gas (LNG) project in Indonesia for $313 million dollars, a BP spokesman said on Monday. … Continue reading

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PT Medco Energi to Buy ConocoPhillips’s 40% Oil-and-Gas Stake in Indonesia

Move follows Medco deal in June to buy a controlling stake in a copper and gold mine for $1.3 billion By SARA SCHONHARDT Updated Sept. 19, 2016 10:33 a.m. ET JAKARTA, Indonesia—Indonesian listed energy company PT Medco Energi Internasional Tbk … Continue reading

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Chevron’s Bangka Field produces first gas

Jakarta | Thu, September 1 2016 | 09:56 am The Jakarta Post Chevron Indonesia Company Ltd announced on Wednesday that Bangka Field, Chevron’s Indonesia Deepwater Development (IDD) project in East Kalimantan, had produced its first natural gas. According to Chevron IndoAsia Business … Continue reading

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Indonesia to Start Natural Gas Output from Two Deepwater Fields

By : Wilda Asmarini | on 6:30 PM July 30, 2016 Jakarta: Indonesia expects to start natural gas production from two deepwater fields this year and next, even as major oil companies are reviewing the economics for other projects, a senior … Continue reading

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Official: Indonesia To Start Producing Natural Gas From Two Projects

REUTERS JAKARTA, JULY 29 Indonesia expects to start natural gas production from two deepwater fields this year and next, even as major oil companies are reviewing economics for other projects, a senior energy official said late on Thursday. The Bangka … Continue reading

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