March 28, 2023
To maximize the potential of Kruh Block after several encouraging new oil discoveries made by IEC during 2021 and 2022, IEC is currently in the process of securing 30 square km of new three-dimensional seismic data at Kruh Block.
August 16, 2022
Jiangsu Strong Wind Shipyard finished constructing a new floating production unit and it has been delivered to ABS Class. It will be towed from China to Indonesia for installation at the Madura Block gas fields offshore East Java, Indonesia.
July 13, 2022
Mubadala Petroleum announced that the drilling of the Timpan-1 exploration well offshore North Sumatra, Indonesia, has been completed with the discovery of a 390-foot gas column.
December 13, 2019
CGG has completed JumpStart multi-client geoscience packages for the North West Shelf of Australia and the Banda Arc in the Asia-Pacific region.
November 25, 2019
Indonesian President Joko Widodo ordered an overhaul of the management of state-owned oil giant PT Pertamina, as the former OPEC member seeks to reduce crude oil imports to rein in the current-account deficit.
October 07, 2019
Interra Resources has started drilling its first onshore well in Kuala Pambuang (KP-1), southern Central Kalimantan, following the successful completion of feasibility and technical data studies.
September 23, 2019
Medco’s strategy is based on the view that a dearth of exploration and strong aviation and petrochemical demand will push crude prices above $100/bbl in a decade or so.
February 19, 2018
Indonesia will hold roadshows in the U.S. and Europe later this month to lure investments from the world’s top energy companies as the former OPEC member seeks to reverse a decline in oil and gas production.
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