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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...