Indonesia
News
January 14, 2025
Indonesia Energy Corporation (IEC) announced that IEC senior management will hold an investor update conference call on Tuesday, Jan. 21 to provide an update on future drilling and development plans, including a new planned reserve report.
News
November 26, 2024
The contract, worth approximately $1.2 billion, covers the development of offshore facilities for natural gas production, CO2 capture, utilization, and storage (CCUS) as part of the Tangguh UCC project.
News
November 26, 2024
bp and its partners have approved a $7 billion investment in the Tangguh Ubadari, CCUS, and Compression (UCC) project in Papua Barat, Indonesia. The development is expected to unlock around 3 trillion cubic feet of additional gas resources, aiming to meet the rising energy demand in Asia.
News
August 23, 2024
Eni has received approval from Indonesian authorities for the development of two major gas fields, Geng North and Gehem, in the Kutei basin. The approval includes a 20-year extension for the Ganal and Rapak licenses.
News
August 23, 2024
BP Berau Ltd. (bp) and Chubu Electric Power have expanded their collaboration to explore a carbon capture and storage (CCS) value chain between Japan's Port of Nagoya and the Tangguh field in Papua Barat, Indonesia.
News
July 02, 2024
Under the terms of contract, ABL can be called on to provide rig assurance, equipment focused inspections, drilling readiness peer reviews, client representation and technical risk assessments.
News
May 16, 2024
PETRONAS, Malaysia's state-owned oil and gas company, has secured a 20-year extension for the Ketapang Contract Area located in the Java Sea.
News
May 14, 2024
This latest discovery adds further volumes to the area, bringing the total in-place resources to 11 trillion cubic feet (Tcf) since Harbour Energy's initial Timpan discovery in 2022.
News
May 13, 2024
Utilizing a new Drill Stem Test (DST) design, the well successfully flowed 47 MMcfd of excellent gas quality and 1,300 bbl of condensate. Although testing was constrained by testing facilities, the estimated well capacity is 80-100 MMcfd and over 2,000 bbl of condensate.
News
April 02, 2024
CEO of Prima Energy Northwest Natuna, Pieters Utomo, emphasized that PENN will continue to commit to the development of the AAL oil field until reaching production by the end of 2026, with a production target of 20,000 bopd.
News
February 05, 2024
During a meeting with Indonesian President Joko Widod, Eni CEO Claudio Descalzi disclosed plans following significant milestones in 2023, notably the discovery of 5 Tcf of natural gas with the Geng North-1 well in the North Ganal PSC, the acquisition of the Indonesia Deepwater Development assets from Chevron, and the further consolidation of Eni’s position in most of the key exploration and production blocks of the Kutei basin following the acquisition of Neptune Energy.
News
January 05, 2024
PC Ketapang II Ltd. (PCK2L), a subsidiary of PETRONAS, has secured the 20-year extension of the Production Sharing Contract (PSC) for the Ketapang Working Area, located in the Java Sea.
News
December 19, 2023
The well encountered an extensive natural gas column with a thickness of over 230 m in an Oligocene sandstone reservoir. The well successfully flowed over 30 MMcfgd of excellent gas quality.
News
November 27, 2023
ABL’s local entity supports Indonesia’s energy and maritime markets, with a wide range of consultancy services, including rig moving consultancy, transportation and installation (T&I) marine warranty survey, naval architecture and marine engineering, hull & machinery and P&I consultancy and survey services.
News
October 22, 2023
The start-up of Tangguh Train 3 will add 3.8 million tonnes per annum (MMtpa) of LNG production capacity to the existing two-train facility, bringing total plant capacity to 11.4 MMtpa.
News
Shell sells interest in natural gas project offshore Indonesia to PETRONAS, PT Pertamina Hulu Energi
October 18, 2023
INPEX Corporation holds a 65% operating interest in Masela PSC and is the operator of the Abadi natural gas project. The project is located in the Masela block, 150 km offshore Saumlaki in Maluku province, Indonesia.
News
October 02, 2023
Preliminary estimates indicate a total structure discovered volume of 5 trillion cubic feet (Tcf) of natural gas in place with a content of condensate estimated up to 400 Mbbl.
News
September 11, 2023
Valaris Limited announced new contracts and contract extensions, with an associated contract backlog of approximately $65 million.
News
July 25, 2023
The acquisition is an important step, particularly for the opportunity to fast track the development of the Gendalo and Gandang gas project, a part of the Indonesia Deepwater Development (IDD) in the Ganal PSC, close to the Jangkrik FPU, with estimated natural gas reserves of approximately 2 Tcf.
News
July 25, 2023
The sale concerns SUOS’ participating interest of 35% in the Masela PSC, which includes the Abadi gas project.
News
July 12, 2023
The collaboration between ADS and Totalindo Energi will focus on introducing and integrating dynamic pressure control systems into the region.
