Indonesia to offer 10 oil and gas blocks, including in South China Sea
Excerpt
Indonesia plans to offer 10 oil and gas working areas this year, including a block in the South China Sea, amid efforts to boost energy production and make new discoveries, a senior energy ministry official said on Monday. In 2022, Indonesia auctioned 13 oil and gas fields and has appointed contractors for six of them. The country is aiming to reach crude oil lifting of 1 million barrels per day (bpd) and gas lifting of 12,000 million standard cubic feet per day (mmscfd) by 2030. Last year, it missed its oil and gas lifting target amid delays in projects and unexpected shutdowns.
Citation
Indonesia to offer 10 oil and gas blocks, including in South China Sea. (2023, February 1). Business World, p. S1/9.
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