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Acquisitions and Divestitures News in Indonesia

Sonoro Energy Awarded Selat Panjang PSC
5/8/2019 - Sonoro Energy has announced that along with its Indonesian partner Menara Global Energi, an affiliate of a substantial Indonesian company, it has been awarded the Selat Panjang PSC in the 2019 Convent...
Andalas Energy & Power Provides Update on Proposed Bunga Mas PSC Acquisition
2/18/2019 - Andalas Energy and Power has provided an update in relation to its proposed acquisition of an interest in the Bunga Mas production sharing contract ('PSC') (announced 29 August 2018). ...
Mubadala Petroleum Signed South Andaman PSC in Indonesia
2/18/2019 - Mubadala Petroleum announces that it has signed the Gross Split Production Sharing Contract (PSC) for South Andaman, as awarded by the Government of Indonesia pursuant to the 2018 Indonesian Third D...
Coro Energy Acquires Interest in Duyung Field Offshore Indonesia
2/11/2019 - Coro Energy has announced the signing of a binding conditional agreement as it takes its next step in building its portfolio in SE Asia through the acquisition of an interest in the Duyung Production ...
NuEnergy Increasing its Participation Interest in Muralim PSC
1/23/2019 - NuEnergy Gas Ltd said today it is increasing its participating interest (PI) in the Muralim production sharing contract (PSC) by entering into a withdrawal and assignment agreement with PT Medco CBM P...
Pertamina to Sign Rokan Oil Block Contract This Month
1/20/2019 - Indonesia’s state-owned energy company, Pertamina, expects to sign a production sharing contract for the Rokan oil block this month, a company director said. Indonesia’s energy ministry announced in J...
Medco Will Acquire Ophir Energy
12/31/2018 - Statement regarding the potential acquisition of Ophir Energy plc (Ophir) by PT Medco Energi Global PTE Ltd (Medco) (a wholly-owned subsidiary of PT Medco Energi Internasional Tbk). ...
Bass Oil Withdraws from North Madura PSC Deal with AziPac
12/20/2018 - Australian-based Indonesian oil producer Bass Oil has announced that it has elected to withdraw from the acquisition of a 100% participating interest in the North Madura Production Sharing Contract (P...
Bass Oil Acquires North Madura PSC to Expand its Indonesian Portfolio
11/13/2018 - Australian-based Indonesian oil producer, Bass Oil has entered into a heads of agreement to acquire a 100% participating interest in the North Madura Production Sharing Contract (PSC) which covers an ...
Indonesia Awards 2 Oil And Gas Blocks - Eni Fails to Win Makassar Strait Block
10/22/2018 - Indonesia has awarded two oil and gas blocks of six auctioned by the government, deputy energy minister Arcandra Tahar told reporters on Monday. ...
Coro Energy Announces First Acquisition in Indonesia
9/3/2018 - Coro Energy has announced the signing of binding conditional agreements for its first acquisition in Indonesia, which comprises a 42.5% interest in the Lengo gas field, offshore East Java. ...
ConocoPhillips Asks to Extend Operations in Indonesia Gas Block
9/3/2018 - ConocoPhillips has asked Indonesia’s energy ministry to extend its operations in the Corridor natural gas block after its contract ends in December 2023, a ministry official said. ...
Andalas Energy and Power to Acquire Indonesian Oil Project
8/29/2018 - AIM-listed Andalas Energy and Power has entered into a conditional agreement to acquire an interest in the Bunga Mas Production Sharing Contract (PSC), located in South Sumatra, Indonesia. ...
Indonesia's Pertamina to Take Over Chevron's Rokan Block in 2021
8/1/2018 - PT Pertamina (Persero) welcomes the decision of the Government through the Ministry of Energy and Mineral Resources (ESDM) to entrust the management of the Rokan Block to PT Pertamina (Persero). This ...
Lion Energy Announces Sale of Block A Interest
7/24/2018 - Lion Energy has executed an agreement to sell the Company’s holding in South Block A ('SBA') to Blue Sky Resources ('BSRL') for a nominal amount of $10. Lion retains a right to a production royalty wi...
Chevron Exits Indonesia's Makassar Strait Block
7/11/2018 - Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising areas in the venture, Indonesian officials said on ...
Sonoro Energy Provides Update on Operations
7/9/2018 - Sonoro Energy Ltd. (SNV) announces that the Ministry of Energy in Indonesia has declined its second request for an extension of the Budong Budong Production Sharing Contract ("PSC") in Sulawesi, Indon...
LyondellBasell Grants Spheripol & Lupotech T Licenses to PT Chandra Asri Perkasa Tbk
7/9/2018 - LyondellBasell (LYB) announced that Indonesian company PT Chandra Asri Perkasa Tbk (CAP), has selected LyondellBasell’s world leading polypropylene (PP) and low density polyethylene (LDPE) technologie...
Bass Oil Gets Extension of Acquisition Settlement Terms with Cooper Energy for Tangai-Sukananti KSO
7/2/2018 - Bass Oil has advised that the Company has negotiated an extension to the settlement terms with Cooper Energy regarding the acquisition of its 55% interest in the Tangai-Sukananti KSO in South Sumatra....
RH Petrogas Awarded New 20-Year Terms for Kepala Burung & Salawati Kepala Burung PSC
6/25/2018 - The Board of Directors of RH Petrogas Limited (the Company) is pleased to advise that the Ministry of Energy and Mineral Resources of the Republic of Indonesia (MEMR) has on 22 June 2018 notified the ...

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