Recently, BP officially signed three product sharing contracts with the Indonesian government, bringing its total participation in oil and gas blocks in the country to 11. The signing ceremony was witnessed by Baharir Rahadalya, the Minister of Energy and Mineral Resources of Indonesia. This is BP's 60th year of deep cultivation in Indonesia and another key milestone in its Southeast Asian energy landscape.

Lock in three major strategic blocks

All three contracts were born from the second round of Indonesian oil bidding in 2025. Two of them cover the exploration blocks of Bintouni and Delawa in West Papua Province, adjacent to the Tanggu liquefied natural gas project operated by BP, and have development potential in the short term. The partner lineup is luxurious - CNOOC Southeast Asia Limited, MI Berau B.V., a joint venture between INPEX and Mitsubishi Corporation, and Indonesia Natural Gas Resources, a subsidiary of Japan's liquefied natural gas. The third contract targets the Balong block in East Java, with BP holding 49% and INPEX holding 51% and serving as the operator.

Long termism binds Indonesia's energy future

BP's Executive Vice President of Natural Gas and Low Carbon Energy, Lin Weilun, stated at the signing ceremony that these agreements reflect the company's continued investment in Indonesia's energy security and economic growth. Keywords: oil and gas, Southeast Asian news

Currently, BP has multiple world-class oil and gas assets in Indonesia, with a daily production of approximately 200000 barrels of oil equivalent. Two new blocks are adjacent to existing infrastructure, and if they proceed smoothly, they will effectively reduce development costs and accelerate resource production.Editor/Cheng Liting