#Oil Contractors
SKK Migas, contractors committed to reviving idle wells, boosting oil output
The upstream oil and gas regulatory task force (SKK Migas), together with oil and gas contractors (KKKS), have reaffirmed their commitment to supporting the government’s vision of achieving national energy self-sufficiency as can be seen in a new initiative to reassess and rehabilitate community-managed oil wells and optimize the utilization of aging or idle wells across the archipelago.
Govt legalizes community oil wells under new rule to boost output, safety
The Ministry of Energy and Mineral Resources (ESDM) has issued a new regulation to legalize and regulate community-run oil wells − previously categorized as illegal − as part of the government’s broader strategy to boost national oil production and enhance environmental and operational safety standards.
MedcoEnergi acquires Repsol’s participating interest in Corridor PSC
Energy company PT Medco Internasional (MEDC) has strengthened its position in the domestic gas sector with a major acquisition from Spain’s Repsol E&P S.à.r.l., purchasing a 24 percent indirect participating interest in the Corridor Block for US$425 million (Rp6.8 trillion).
Kangean Energy denies environmental misconduct amid public scrutiny
Kangean Energy Indonesia Ltd. (KEI), an upstream oil and gas contractor operating in East Java waters, has refuted recent allegations suggesting that its offshore activities have caused environmental harm and failed to benefit surrounding communities.