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Acquisitions and Divestitures News in Indonesia

Acquisition of Operated 90% Interest in Lemang PSC
6/29/2020 - Jadestone Energy Inc. (JSE) (“Jadestone”), an independent oil and gas production company focused on the Asia Pacific region, is pleased to announce that it has executed an acquisition agreement (the A...
Duyung PSC Acquisition Completion in Indonesia
5/22/2020 - Coro Energy plc is pleased to announce that all necessary Indonesian regulatory approvals for the transfer of title of the 15% direct interest in the Duyung PSC (the "PSC Interest") to Coro have now b...
Coro Energy Announces Its Final Results
4/20/2020 - Coro Energy, the Southeast Asian focused upstream oil and gas company, announces its audited final results for the year ended 31 December 2019. ...
KrisEnergy Completes Disposal of Andaman II PSC
4/8/2020 - KrisEnergy Ltd. (“KrisEnergy”) refers to the announcements made by the Company on 29 October 2019 and 19 November 2019, in relation to the entry into a conditional sale and purchase agreement with BP ...
Coro Energy Provides Duyung PSC Update
2/10/2020 - Coro Energy plc provides an update in respect of the Company's 15% non-operated interest in the Duyung production sharing contract (the Duyung PSC), offshore Indonesia, which contains the Mako gas fie...
Termination of Bulu PSC Acquisition
1/31/2020 - Coro Energy plc, the Southeast Asian focused upstream oil and gas company, announces that, following the successful drilling at the Duyung PSC, the Group is pursuing its strategy to grow through acqui...
Mubadala Completes Farm Out of A 20% Interest in Two Blocks in Indonesia
1/21/2020 - Mubadala Petroleum announces that it has completed the farmout of a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs) to Prem...
Eni Completes Sale of 20% Stake in the East Sepinggan Area
12/4/2019 - Eni, through its subsidiary Eni East Sepinggan Limited and Neptune Energy Group Limited, through its subsidiary Neptune Energy East Sepinggan BV, have completed the transfer of a 20% participating int...
KrisEnergy Signs Agreement with BP for the Sale of its Participating Interest in the Andaman II PSC
11/19/2019 - KrisEnergy, and together with its subsidiaries, an upstream oil and gas company, refers to its announcement dated 29 October 2019 regarding its acceptance of a binding letter of offer for the disposal...
KrisEnergy to Sell Its Interest in the Andaman II PSC
10/29/2019 - KrisEnergy has accepted a binding letter of offer by a major international oil and gas company for the disposal of a 30% non-operated working interest in the Andaman II production sharing contract (PS...
Sonoro Energy Ltd executes Selat Panjang PSC with Ministry of Energy in Indonesia
10/15/2019 - Sonoro Energy Ltd (Sonoro), through a wholly owned subsidiary company, Zamatra Bakau Straits Ltd., along with its Indonesian partner, announce that it has formally executed the Selat Panjang Productio...
INPEX Signs Amendment & Extension to the PSC for Abadi LNG Project
10/11/2019 - INPEX CORPORATION (INPEX) announced that through its subsidiary INPEX Masela, Ltd, together with its joint venture partner Shell Upstream Overseas Ltd. (Shell), it has signed the Masela Block Producti...
Andalas Energy & Power Provides Operations Update on Betun Selo KSO
9/27/2019 - Andalas Energy and Power has announced an operations update on the Betun Selo KSO, in which it has a production interest further to the agreement announced on 21 June 2019. The Company is currently un...
Lion Energy & Gulf Petroleum Agree Termination of Seram (Non Bula) PSC SPA
9/12/2019 - Lion Energy previously announced on December 12, 2018 that it entered into a conditional sale and purchase agreement ('SPA') with Gulf Petroleum Investment Company ('GPI') to acquire GPI’s 16.5% stake...
Eni Awarded West Ganal Exploration Block in the Kutei Basin
Eni Awarded West Ganal Exploration Block in the Kutei Basin 8/26/2019 - Eni (40% Operator) and its partners, Pertamina (30%) and Neptune (30%), have been awarded by the Ministry of Energy and Mineral Resources the West Ganal exploration block in the Kutei Basin, offshore ...
Pertamina is Ready to Manage the Corridor Block 2026
7/29/2019 - Pertamina welcomed the Government's decision to approve a 30% increase in participating interest (PI) to the national oil and gas company on the Corridor Block. ...
Neptune Energy Acquires Interests in Kutei Basin PSCs from Eni
7/28/2019 - Neptune Energy has agreed to acquire interests from Eni in the Kutei basin Production Sharing Contracts (PSC), offshore Indonesia. The agreement will see Neptune acquire a 20 per cent working interest...
Coro Energy Announces Restructured Bulu PSC Acquisition Terms
7/18/2019 - Coro Energy, the Southeast Asian focused upstream oil and gas company, has renegotiated the terms of the proposed acquisition by the Company of a 42.5% interest in the Bulu production sharing contract...
Mubadala Petroleum to Farmout a 20% Participating Interest in Indonesia
Mubadala Petroleum to Farmout a 20% Participating Interest in Indonesia 7/17/2019 - Mubadala Petroleum announces that it has signed an agreement with Premier Oil to farmout a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing...
KUFPEC Returns to Operatorship in Indonesia
6/13/2019 - The government of the Republic of Indonesia has officially awarded the Anambas Block Production Sharing Contract (the “Anambas PSC”) to KUFPEC Indonesia (Anambas) B.V., a subsidiary of KUFPEC. The aw...

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