Special Task Force for Upstream Oil and Gas Business Activities Company News
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Indonesian Banks Join Global Lenders to Provide Finance for Tangguh Project
Friday, August 05, 2016Indonesian lenders participate in LNG project financing for the first time in the BP-operated $3.745 billion Tangguh Expansion Project in Papua Barat Province.
Indonesia Rejects Exxon Proposal To Boost Cepu Block Output
Tuesday, June 14, 2016Indonesia rejects a proposal to increase crude output from the Cepu block operated by U.S. oil and gas giant ExxonMobil to up to 200,000 barrels per day, the country's upstream oil and gas regulator (SKKMigas) told parliament.
Survey Shows Most Indonesian Upstream Firms Likely to Cut Workforce in 2016
Tuesday, May 31, 2016Most upstream companies in Indonesia are likely to reduce workforce this year given sluggish oil prices, The Jakarta Post reported, citing a survey by PricewaterhouseCoopers Indonesia.
Indonesia's SKK Migas Approves 18 Oil, Gas Projects in January-April
Wednesday, May 11, 2016Indonesia's upstream regulator SKK Migas approves development plans for oil and gas 18 projects in the first four months of 2016.
SKK Migas Extends Exploration Period for East Kalimantan's Mahakam PSC
Wednesday, May 04, 2016Indonesia's upstream regulator SKK Migas extends the exploration period for the Mahakam Production Sharing Contract in Kutai Basin, East Kalimantan to May 2020.
Indonesia Not Decided on Abadi Dev. Scheme Despite Minister's Claim
Wednesday, February 24, 2016Indonesia has yet to decide on the development scheme for the Abadi project in the Arafura Sea despite a claim by a minister that President Joko Widodo has opted for the onshore proposal.
SKK Migas Approves Ramba's Farm-out of 35% Stake in Lemang PSC to Mandala
Thursday, February 11, 2016Indonesia's upstream oil and gas regulator SKK Migas approves Ramba Energy's farm-out of a 35 percent interest in Lemang block in Sumatra to Mandala Energy.
Chevron Says Will Not Extend Contract to Operate Indonesia Oil & Gas Block
Tuesday, January 19, 2016Chevron will not extend its contract to operate the East Kalimantan oil and gas block in Indonesia, the U.S. energy giant says, as plunging crude prices hit producers around the world.
Indonesia Expects Study on Abadi LNG Project to Complete by Year-End
Monday, November 16, 2015Indonesia expects Poten and Partners to complete a study on the development plan for the Abadi gas project by year-end, a senior official of the Ministry of Energy and Mineral Resources says.
Indonesia Invites Bids for 3 Non-Conventional Blocks in Java, Kalimantan
Wednesday, November 04, 2015Indonesia invites bids for three non-conventional oil and gas blocks in Java and Kalimantan.
Indonesia to Decide on Abadi LNG Project Development Option Early Next Year
Wednesday, October 28, 2015Indonesia will decide early next year on the development option for the Abadi gas project in the Masela Block in the Arafura Sea, eastern Indonesia after evaluating results of an independent study.
SKK Migas Approves EMP's Plan to Develop Seng, Segat Gas Fields in Sumatra
Wednesday, October 14, 2015PT Energi Mega Persada secures approval from SKK Migas to develop the Seng and Segat gas fields in the Bentu block in Sumatra, Indonesia.
Differences Surface in Indonesian Government on Abadi Gas Project Concept
Monday, September 28, 2015Differences surface within the Indonesian government on the development concept for the Abadi gas project in Arafura Sea, eastern Indonesia, according to a local daily.
Indonesia Doesn't Expect Inpex Gas Project to Start Production Until 2024
Wednesday, September 23, 2015Indonesia expects the Masela Abadi natural gas project currently being developed by Japan's Inpex and Shell, to commence commercial production in 2024, an official at the oil and gas regulator says, two years behind an earlier target.
Indonesia Approves $3.6B Investments in 18 Oil, Gas Projects
Tuesday, September 08, 2015Indonesia approves plans to invest $3.6 billion in 18 oil and gas projects in the year to Sept. 2.
Indonesia Plans to Offer 21 Oil, Gas Blocks for Tender in 2016
Thursday, September 03, 2015Indonesia plans to offer 21 conventional and unconventional oil and gas blocks in a tender in 2016.
Inpex Submits Revised POD for Abadi Project Off Indonesia, Using a FLNG
Thursday, September 03, 2015Inpex submits a revised development plan for the Abadi gas field in the Masela Block in Arafura Sea, Indonesia.
SKK Migas Approves Tiung Biru, Jambaran Field Development Plan in Java
Wednesday, August 19, 2015Indonesia's upstream regulator SKK Migas approves a revised development plan for the Tiung Biru and Jambaran fields in Java.
East Java's Banyu Urip Oil Field Resumes Production After Labor Unrest
Thursday, August 06, 2015Indonesia's Banyu Urip oil field in East Java's Cepu block resumes normal production following labor unrest late last week, according to an official with the country's upstream oil and gas regulator.
Hit to Indonesia's Oil and Gas Revenue Threatens Deficit, Crude Output
Thursday, April 30, 2015Indonesia's oil and gas revenues are expected to drop by at least a third this year as a fall in production costs fails to keep pace with plunging oil prices and threatens to limit future output.
Indonesia to Fill Top Posts in Ministry of Energy & Mineral Resources Soon
Tuesday, March 31, 2015Indonesia's Ministry of Energy and Mineral Resources shortlists 15 candidates for President Joko Widido to select for its top five posts, including director general of oil and gas.
Indonesia Considers Turning SKK Migas into State-Owned Enterprise
Friday, March 06, 2015Indonesia considers turning the country's upstream oil and gas regulator SKK Migas into a state-owned enterprise.
Indonesia's Petroleum Sector Remains Attractive for Investment
Friday, February 06, 2015Indonesia remains an attractive place for foreign companies to invest in the petroleum sector, according to a top GE Oil & Gas executive.
Indonesia's Energy Regulator: Total Relinquish Papua Exploration Block
Tuesday, February 03, 2015Total relinquishes its South West Bird's Head exploration block in Papua, an official at Indonesia's energy regulator told Reuters, without giving a reason.
Indonesia Energy Regulator Sees 2015 Upstream Spending At $22B
Friday, December 12, 2014Indonesia expects spending in its upstream oil and gas sector to reach $22.2 billion in 2015, a senior official at the upstream regulator says, 13% less than the amount budgeted for this year.
Indonesia President Names Ex Corruption Watchdog Deputy to Head SKKMigas
Wednesday, November 19, 2014Indonesia's president appoints a former senior official at the corruption watchdog to head energy regulator SKKMigas, as part of efforts to restore investor confidence in the country's graft-ridden energy sector.
Indonesia Shakes Up Corruption-Tainted Energy Ministry
Wednesday, November 12, 2014Indonesia's new energy minister launches a major shakeup of the graft-tainted ministry, requiring all top directors to re-apply for their jobs.
Indonesia's New Energy Chief Seeks to Shore Up Regulator
Friday, October 31, 2014Appointing a permanent leadership at Indonesia's graft-tainted energy regulator will be a top priority for the new government of Southeast Asia's largest oil producer, the energy and mineral resources minister says.
Indonesia Says Chevron Gas Project Set Back by Up to 2 Years
Wednesday, October 29, 2014The target for full operation of the Indonesia Deepwater Development gas project has been delayed by up to two years to around 2020, a senior official says, reducing the country's prospects of remaining a major gas exporter.
SKKMigas Expects Banyu Urip Field to Commence Production in February 2015
Monday, September 22, 2014Indonesia's upstream regulator SKKMigas expects the Banyu Urip oil field to commence full production in February 2015 as development work nears completion.
SKKMigas Extends Triangle's Appointment as Aceh's Pase Block Operator
Monday, August 25, 2014Indonesian upstream petroleum regulator SKKMigas extends Triangle Energy's appointment as operator of the Pase Block in Aceh, north Sumatra by six months.
Work on Banyu Urip Development in East Java's Cepu Block is 87% Complete
Thursday, May 08, 2014Development work on the Banyu Urip oil and gas project in Cepu block in Indonesia's East Java is 87 percent complete, with peak production expected in 2015.
Ex-SKK Migas Chief Rudi Rubiandini Gets 7 Years Jail for Graft
Wednesday, April 30, 2014SKK Migas's former chief Rubi Rubiandini receives a seven year jail sentence on corruption charges.
Indonesia Crude Output Drops as Haze Hits Chevron's Sumatra Wells
Monday, March 17, 2014Indonesia's crude oil production drops to 790,000 barrels per day after haze from forest fires on Sumatra forced the country's biggest producer, Chevron, to close hundreds of its wells, the country's oil and gas regulator says.
BP, Inpex Projects in Indonesia Awaits Government Approval
Thursday, March 06, 2014BP expects approval for environmental study for the Tangguh LNG expansion project in West Papua, Indonesia soon, while the government studies a request by Inpex to extend the contract for Masela block in the Arafura Sea.
SKKMigas Says Indonesia Plans to Drill 206 Exploration Wells in 2014
Friday, February 21, 2014SKKMigas reveals that Indonesia's oil and gas industry intends to drill 206 exploration wells this year, according to the organization's acting chairman.
FMC Bags $720M Subsea Systems Contract for Jangkrik Project off Kalimantan
Friday, February 14, 2014FMC Technologies bags $720 million contract to provide subsea systems for the Jangkrik project in the Muara Bakau production sharing contract off East Kalimantan, Indonesia.
Eni Commences Seismic Survey at Muara Bakau Block off East Kalimantan
Wednesday, February 12, 2014Eni Muara Bakau commences 3D seismic survey at Muara Bakau block off East Kalimantan, Indonesia.
Indonesia Appoints Winners in $4B Jangrik Gas Projects
Tuesday, February 11, 2014Indonesia's SKKMigas appoints firms for the development of Jangrik and North East Jangrik offshore gas and condensate fields, heralding the country's first deepwater gas project.
SKKMigas Unfazed by Chairman Arrest for Graft
Thursday, August 15, 2013Indonesia's SKKMigas declares that business will remain as usual for the upstream energy regulator despite the arrest of its Chairman Rudi Rubiandini on graft charge.
SKKMigas Chairman Rudi Rubiandini Arrested on Graft Charge
Wednesday, August 14, 2013SKKMigas Chairman Rudi Rubiandini has been arrested by Indonesia's Corruption Eradication Commission on a graft charge.