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MEMR: Nine Producers Signs Natural Gas Price Adjustment

JAKARTA (TheInsiderStories) - Nine companies have signed a side letter of production sharing contract (PSC) and Letter of Agreement (LoA) on natural gas price adjustment...

Indonesia Chops Oil and Gas Output Amid the Low Productions

JAKARTA (TheInsiderStories) - Indonesia SKK Migas cut this year' oil and gas production outlook to 725,000 barrels per day (bpd) and 5,727 million cubic feed...

Indonesia’s 2020 Oil and Gas Output Likely to Fall

JAKARTA (TheInsiderStories) - Indonesia’ production of both oil and gas will most likely fall in 2020 despite the official projections of a combined 8 percent...

Indonesia Optimist to Attracts US$117B Oil, Gas Investment Until 2024

JAKARTA (TheInsiderStories) - The oil and gas sector is estimating still have a great opportunity to attract investors with a total investment value around US$117 billion...

SKKMigas Targeting National Oil Production 1MMbbl in 2031

JAKARTA (TheInsiderStories) - The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) targeting to lift the national oil production up to one million barrels...

Indonesia’s Pertamina Prepares US$1.5B to Excavate Mahakam Block

JAKARTA (TheInsiderStories) - Indonesian energy holding company, PT Pertamina prepared an investment US$1.5 billion to drill 257 wells at Mahakam Block during 2020 - 2022, said...

Indonesia Needs Investment US$6B to Produce 1 Million Barrels Oil

JAKARTA (TheInsiderStories) - It took 10 years and funds of US$6 billion to pursue oil production of 1 million barrels oil per day (MBOPD), said...

Indonesia Inks US$16M Oil and Gas Blocks Auction

JAKARTA (TheInsiderStories) – Indonesia Energy and Mineral Resources (EMR) ministry just signed an agreement over the third stage of oil and gas blocks auction....

Jambaran Tiung Biru Starts Gas Processing Facility Construction

JAKARTA (TheInsiderStories) - Jambaran-Tiung Biru (JTB) field has started up its gas processing facilities (GPF) construction today, with anticipated production capacity of 330 million metric standard...