25 November 2025
25 November 2025
The company's updated oil reserves now stand at 120bstb, an increase from 113bstb.
The government’s approval of the concession comes as TotalEnergies and ExxonMobil continue to advance their own LNG projects.
The extension is intended to allow time for the development and submission of a revised field development plan.
A key part of the operation was the safe removal of the damaged BOP from the wellhead.
This is the company's third exploration block in Indonesia following its earlier successes in the Serpang and Binaiya blocks.
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