BP Migas Company News

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Indonesia Greenlights BP's $12.1B LNG Proj. at Tangguh
BP gets the green light from the Indonesian government to develop the third LNG train for the Tangguh LNG Project.
8:00 PM EST | November 01, 2012
Gas Deliveries from Ruby Field Offshore Indonesia to Start Late September
Pearl Oil will install a pipeline that connects the Ruby field facilities to the Senipah field on September 20, 2012. Gas deliveries from the Ruby field will start shortly.
8:00 PM EST | September 06, 2012
Indonesian Regulator Approves 12 O&G Development Plans
BP Migas says it has approved 12 development plans, which involve around $830 million of investment, as Indonesia seeks to increase its output.
8:00 PM EST | August 12, 2012
Indonesia's PT PLN Urges BP Migas to Complete Gas Swap Agreement
PT PLN has requested that BPMigas swiftly complete a swap agreement to channel natural gas from BPMigas' Grissik field in South Sumatra to PT PLN's electrical power generating plants in Sumatra and West Java.
8:00 PM EST | September 14, 2011
Indonesia After OPEC
Indonesia announced 10 new projects heavily tilted toward natural gas that should help with its energy diversification goal and continuation as a major LNG exporter.
8:00 PM EST | August 14, 2011
BPMigas Approves Work Program for Bengkulu PSC
Endeavour Energy has received approval from BPMIGAS for its 2010 exploration and drilling work program for its Bengkulu PSC in South Sumatra Indonesia.
7:00 PM EST | March 01, 2010
ExxonMobil Unit Restarts Ops in Indonesia's Cepu Field
Mobil Cepu Ltd. has restarted crude oil production at the Cepu field after a halt since March, according to the chairman of the upstream oil and gas regulator, BPMigas.
8:00 PM EST | August 30, 2009
SPC Inks E&P Deal for Onshore Indonesian Block
SPC entered into a Production Sharing Contract with BP Migas to explore the Mahakam Hilir Block onshore East Kalimantan, Indonesia.
7:00 PM EST | November 12, 2008
Lundin Grabs Stake in 2 Offshore Indonesian Blocks
Lundin Petroleum has signed two new production sharing contracts for the Baronang and Cakalang Blocks with BP Migas. Both blocks are located in the Natuna Sea, offshore Indonesia.
7:00 PM EST | November 12, 2008
Oilex Underscores 13.7MM Barrel Estimate for Indonesian Field
Oilex reported that a Plan of Development including an updated resource assessment for the Pendalian Oil Field, located in the West Kampar Production Sharing Contract area in Indonesia, is being submitted to the Indonesian Government for approval.
8:00 PM EST | July 29, 2008
BPMigas Welcomes Indonesian President at Sisi, Nubi Fields
BPMigas has reported that Indonesian President Susilo Bambang Yudhoyono inaugurated the Sisi and Nubi gas and condensate fields on Friday, July 4, 2008. Both areas will produce 300-350 million cubic feet a day (MMSCFD) of gas in end 2008.
8:00 PM EST | July 13, 2008
ONWJ Pipeline Undergoes Scheduled Maintenance
BP West Java plans to repair a pipeline from the ONWJ field from July 11 to July 25. The repair is part of a scheduled maintenace planned since last year. Gas production from ONWJ will be sustained at a lower volume.
8:00 PM EST | July 13, 2008
Mitra Prepares for 2D Seismic of Sibaru Block, East Java
Production Sharing Contractor Mitra Energy Indonesia Sibaru plans to conduct a 2D-seismic survey of 1,000 kilometers in Sibaru block PSC in Sumenep regency, Madura Island in the province of East Java. The survey will begin June 18 and wrap on July 1.
8:00 PM EST | June 18, 2008
BP Migas: Land Acquisitions Lead to Dec. 2008 Production for Cepu
Cepu is expected to pump 20,000 barrels of oil per day in its maiden production. The block may produce 165,000 bpd at its peak, which will add national oil production significantly.
8:00 PM EST | May 11, 2008
Indonesia: Stakeholders Should Help Boost Oil, Gas Production
Energy and Mineral Resources Minister Purnomo Yusgiantoro urged stakeholders in the oil and gas industry to actively participate in boosting production.
8:00 PM EST | April 30, 2008
Eni Krueng Mane Surveys 3 Sites Offshore Lhokseumawe
The contractor is scheduled to drill two wells by semi submersible jack bates in August to November 2008.
7:00 PM EST | February 28, 2008
Indonesia Says Gas Output to Rise 800 mmscfd by 2012-2013
Indonesia may get a boost to is national gas output by 800 mmscfd with Chevron's concession in East Kalimantan starting 2012-2013, BPMIGAS Chairman said in Jakarta last week.
8:00 PM EST | August 08, 2007
Pertamina to Apply EOR Technology
PT Pertamina EP will start applying Enhanced Oil Recovery technology in nine fields this year, based on approvals from BPMIGAS, Pertamina President Director Ari Soemarno said.
8:00 PM EST | July 04, 2007
BP Migas Okays Minas Surfactant Injection Project
The Indonesian government has approved an enhanced oil recovery project to raise oil output by injecting chemicals as proposed by Chevron Pacific Indonesia to deal with a decline in crude production in Minas field.
8:00 PM EST | June 14, 2007
Pertamina Targets 12K bpd from Pondok Tenguah by Year's End
Pertamina EP is optimistic that oil production from Pondok Tengah field in Bekasi, Indonesia will exceed 12,000 barrels per day by the end of the year, according to BP Migas,
8:00 PM EST | June 03, 2007
Medco Returns Camar to Production
After being shut down since Q3 2004, the Camar field in Bawean block, East Java, has resumed production in Q2 2007 starting at 1,000 BOPD.
8:00 PM EST | May 22, 2007
Inpex Plans Four-well Masela Program
The Japanese production sharing contractor Inpex plans to spend US$88 million in Indonesia's offshore Masela block, Indonesian oil and gas regulator BP Migas reported.
8:00 PM EST | May 22, 2007
OPEC: Indonesia's Still a Member
The Organization of Petroleum Exploration Countries affirmed that Indonesia remains a member of the cartel, Indonesian oil and gas regulator BP Migas reported.
8:00 PM EST | May 22, 2007
Indonesia Upstream Oil, Gas Terms to Stay - Finance Minister
Indonesia is likely to stick to prevailing fiscal conditions in awarding contracts for oil and gas exploration and production contracts, despite the domestic sector's calls for better terms, the Minister of Finance said Tuesday.
8:00 PM EST | May 14, 2007
BP Migas Restructures Management
Kardaya Warnika, Chairman of BP Migas, last Thursday inaugurated 30 new officials at the Indonesian oil and gas supervisory agency's office in Jakarta.
8:00 PM EST | May 14, 2007
Sound Oil Reports Incident at Pasundan-1
Sound said that and incident occurred Saturday on the Pasundan-1 exploration well that led to cessation of drilling activities at the site, located approximately 50 km southeast of Jakarta, Java, Indonesia.
8:00 PM EST | May 13, 2007
Hess Produces First Gas from Ujung Pangkah
Production sharing contractor Hess succeeded in producing gas from Ujung Pangkah field in East Java last week.
8:00 PM EST | May 08, 2007
BP to Seek Tangguh Financing from Local and International Lenders
BP Indonesia will find financing from international and local banks, aside from Chinese lenders, to fund the Tangguh LNG project, said Eddy Purwanto, Deputy of Finances, Economy and Marketing with BP Migas.
8:00 PM EST | May 08, 2007
Hess Accelerates Oil Output from Ujung Pangkah
Hess Corp. will accelerate oil output from Ujung Pangkah field in East Java from 2009 to April 2007. Initial production from the field is estimated at 1,600 barrels a day, BPMIGAS Deputy for Operations Dodi Hidayat said.
8:00 PM EST | April 24, 2007
Husky Reports 24% Jump in Q1 Earnings
Husky Energy Inc. reported net earnings of $650 million or $1.53 per share (diluted) in the first quarter of 2007, an increase of 24% from $524 million or $1.24 per share (diluted) in the same quarter of 2006.
8:00 PM EST | April 17, 2007
BP Migas: Medco, Pertamina Must Submit New Senoro-Toili Plan
BP Migas wants Medco and Pertamina to submit a new plan of development for the Senoro-Toili block after changing the gas allocation, said Achmad Luthfi, Planning Deputy of the Indonesian upstream oil and gas supervisory agency.
8:00 PM EST | April 10, 2007
BP Migas Expects First Oil from Cepu Next Year
BP Migas believes that the Cepu block onshore Indonesia can start producing oil in 2008, said Kardaya Warnika, chairman of that country's upstream oil and gas regulatory agency.
8:00 PM EST | April 03, 2007
Indonesia to Tender CBM Areas
BP Migas, Indonesia's upstream regulator, said that the Indonesian government plans to tender six coal bed methane (CBM) areas in April or May.
8:00 PM EST | March 25, 2007
Talisman Energy Awarded Sageri Block Offshore Indonesia
Talisman Energy has been awarded the highly prospective Sageri License Block situated in water depths of 2,000 meters and located in the South Makassar Basin.
7:00 PM EST | March 05, 2007
BP Migas Says Tangguh Project 70% Completed
Two LNG trains in the Tangguh project in Papua are 70 percent completed. The first train is expected to be finished in the fourth quarter of 2008 while the other one will start operation in the first quarter of 2009.
7:00 PM EST | March 01, 2007
Indonesia Prepares Scenarios to Boost Production
Indonesia's government has prepared three scenarios to raise the national oil and gas production and reach the target to increase it 30 percent by 2009, Oil and Gas Director General Luluk Sumiarso said.
7:00 PM EST | February 28, 2007
Ranhill Finalizes PSC for Batu Gajah Project
Ranhill Jambi Inc. Pte Ltd, subsidiary of Ranhill Berhad, has entered into a Production Sharing Contract with BP Migas for Jambi Batu Gajah Project in Indonesia.
7:00 PM EST | January 17, 2007
TGS Begins New MegaProject for Indonesian Frontier Basins
TGS-NOPEC Geophysical has commenced acquisition of a series of non-exclusive geoscientific surveys to be conducted over Indonesia's under-explored frontier basins.
7:00 PM EST | January 01, 2007
Ranhill Awarded PSC for Batu Gajah Block in South Sumatra
Ranhill has received a letter of award from Direktorat Jenderal Minyak Dan Gas Bumi ("MIGAS"), Indonesia's executive agency for upstream oil & gas business activities, for the Batu Gajah Production Sharing Contract.
7:00 PM EST | December 17, 2006
Exxon Exec: Natuna Contract Not Terminated or Expired
A senior Exxon Mobil Corp. executive said Thursday the firm's development contract for the Natuna D-Alpha gas block hasn't expired or been terminated.
8:00 PM EST | October 11, 2006