The work will be carried out in collaboration with South Korean government in the form of converting oil and gas platforms (rigs to reefs).
Joko Widodo said he has set a timeline for the completion of a number of coal downstream projects in Indonesia and expected all stakeholders, including ministries, to meet the target.
The offer was less than in 2021 when the government offered 14 oil and gas blocks
PT Pertamina Hulu Mahakam has discovered new gas reserve in Balikpapan offshore in East Kalimantan.
As some multinational companies decided to leave Indonesia, more opportunities are now available for Indonesian companies to play bigger role in the upstream of oil and gas.
Medco Energi Internasional announced the acquisition of all shares issued by ConocoPhillips Indonesia Holding.
