March 21, 2022
© BP
British oil major BP wins two offshore exploration block in Indonesia, as part of Indonesian government second round of 2021 oil and gas work area (WK) offer round.
The blocks in question are Agung l and Agung ll oil and gas exploration blocks.
The Agung I block covers an area of 6,656 square kilometers deepwater offshore Bali in East Java, while the Agung II block is located in the deepwater offshore of South Sulawesi, West Nusa Tenggara and East Java, covering an area of 7,970 square kilometers.
“The area is under explored with significant potential of gas resource close to growing gas demand,” BP said Friday.
Nader ZakiBP Regional President Asia Pacific said: “BP has more than 55 years of history in Indonesia. We operate the largest gas-producing field in the country in Tangguh LNG, Papua Barat, contribute about 20% of national gas production and will grow to more than 30% once Tangguh’s Train 3 starts after the completion of the Tangguh Expansion Project. BP also has a non-operating interest (30%) in Andaman II PSC, an offshore deepwater exploration block in Aceh. The addition of Agung I and Agung II blocks to our portfolio reflects our continuous commitment to invest and grow our business in Indonesia.
Separately, Malaysian Petronas said on Friday that it had secured the North Ketapang block, onshore and offshore East Java, Indonesia. Read More Here
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