Jakarta’s skyline
Indonesia greenlights more projects
Jakarta is seeking to accelerate upstream developments and encourage more foreign investment
Indonesia started the year by approving development plans for two new offshore projects, as the authorities continue their efforts to raise domestic oil and gas production. UK-listed independent Harbour Energy secured approval for its planned development of the Tuna gas field in Indonesia, near the maritime border with Vietnam. Indonesia’s Ministry of Energy and Mineral Resources greenlit Harbour’s plan of development (POD) for the offshore gas project, following recommendations from SKK Migas, the state agency tasked with turning around the country’s upstream. Harbour submitted the POD in October and plans to carry out a Feed study this year, with a target of reaching FID by the end of 2023
Also in this section
30 April 2025
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
30 April 2025
While economic weakness and the electric vehicles trend have hit oil demand growth, petrochemicals and jet fuel show more nuanced changes across the barrel
30 April 2025
The company will use methane-rich gas produced from local coal to temporarily replace lost supplies from Mozambique
28 April 2025
Rewards offered by investment in the sector must be balanced by its energy consumption amid an increasingly gas-hungry domestic market
